CommSec

Basic Information & Regulation

Commonwealth Securities is an Australian registered provider of online share trading and investment services and is a wholly-owned but not guaranteed subsidiary of the Commonwealth Bank of Australia. Commonwealth Securities is a market participant of the Australian Securities Exchange, a clearing participant of AXS Clear Pty Limited, and a clearing participant of AXS Settlement Pty Limited. Commonwealth Securities currently holds a full license with ASIC in Australia, license number 238814.

Products & Services

The financial products and services offered by Commonwealth Securities are mainly Australian shares, international shares, margin loans, cash, options, exchange-traded funds, warrants, and fixed income securities.

Fees of Commonwealth Securities

Commonwealth Securities has set different fees for different products, such as $29.95 (up to $9,999.99) for Australian stocks, 0.31% ($10,000 and above) for online trading and settlement to the bank account traders chosen. For stocks orders over the phone, brokerage commission is $ 59.95 (up to $10,000), 0.52% (over $10,000 to $25,000), 0.49% (over $25,000 to $1,000,000), 0.11% (over $1,000,000). For more details on brokerage fees for international stocks, margin loans, cash, derivatives, please look through the official website of Commonwealth Securities.

Application of Commonwealth Securities

Commonwealth Securities has created a simple investment application - CommSec Pocket - that allows investors to start investing from $50 and gradually build a portfolio. Investors can choose from seven thematic investment options to invest in the items they are interested in, and the App provides bite-size tips, videos, and articles to guide investors through the entire process to help traders understand the stock market. When trading with the App, investors who invest or sell up to $1,000 each time need to pay $2, and transactions over $1,000 are charged at 0.20% of the transaction value.