CommSec Review

CommSec Review

A comparison site would not be complete without a detailed review of Australia’s leading online broker, CommSec. Commonwealth Securities, also known as CommSec is operated by the Commonwealth Bank of Australia and is the countries largest stockbroking firm. The companies brokerage operations began in 1995, with their first online trading platform being launched in 1997. Since its establishment, CommSec has been an industry leader, offering investors a wide range of products and services with the ability to trade on both domestic and international markets with very competitive fees. The investing accounts offered by the company gives access to an extensive array of markets and instruments for clients to invest in. With over 20 years of industry experience, CommSec is at the forefront of innovation, service and online trading.

CommSec Share Trading Account

The exclusive account that CommSec offers to their clients is a CommSec Share Trading Account. This account provides investors with a fast, user-friendly way to buy and sell Australian shares which comes with a variety of added benefits and features. Some of these include:

  • Orders can be placed up to $25,000 without a deposit  (funds must be made available on the morning of the settlement date)
  • Orders can be placed online or via the companies app
  • Trades can be settled using an existing cash account or via a Commonwealth Direct Investment Account
  • Choose any settlement account from any Australian bank to buy and sell shares with
  • Free real-time share and market prices are available to view for all clients
  • Traders are provided with a variety of products to invest in such as:
  • Australian Shares
  • Warrants
  • Exchange Traded Funds
  • MINI Trading Warrants
  • Company Options
  • Party Paid Securities

An overview of the fees and rates associated with a CommSec Share Trading Account have been outlined below:

CommSec Share Trading Account

Brokerage Fees and Rates

Type of Trade Execution Size of Transaction Brokerage Fee
Share Trades Internet Preferred* Up to $10,000 $19.95
Between $10,000 and $25,000 $29.95
Share Trades Over the Internet Over $25,000 0.12% of trade value
Up to $10,000 $29.95
Over $10,000 0.31% of trade value
Share Trades Over the Phone Up to $10,000 $59.95
Between $10,000 and $25,000 0.52% of trade value
Between $25,000 and $1,000,000 0.49%
Over $1,000,000 0.12%
On Execution Conditional Orders

(e.g. stop loss order)

Please Note: Fee is charged in addition to the standard brokerage rate

Up to $40,000 $14.95
Over $40,000 0.12%
CommSec Share Packs Over the Internet One Share Pack (6 shares) $66 ($11 each share)
CommSec Share Packs Over the Phone One Share Pack (6 shares) $181.50 ($30.25 each share)
Trades Requiring Settlement Through a Third Party Up to $15,000 $99.95
Over $10,000 0.66% of trade value
One Off Trades Up to $10,000 $66.00
Over $10,000 0.66% of trade value
Deceased Estates Up to $15,000 $81.90
Over $15,000 0.54% of trade value
Please Note:

To be eligible for Internet Preferred trading, traders must be CHESS Participant Sponsored with CommSec and settle trades either through a Commonwealth Direct Investment Account (CDIA) or through a CommSec Margin Loan/CommSec Adviser Services Investment Loan.)

CommSec International Securities Trading Account

CommSec provides their traders with the ability to trade shares on over 25 leading global share markets with their CommSec International Securities Trading Account. The company has partnered with Pershing LLC, a subsidiary of the Bank of New York Mellon, which provides traders with access to trade on both US and non-US markets. This partnership also permits clients to access both

Exchange-Traded Options (ETOs) and Exchange-Traded Funds (ETFs) through this account. Further benefits of this account include:

  • Access to major international markets such as the New York Stock Exchange, the London Stock Exchange, NASDAQ and the Tokyo Stock Exchange
  • Allows clients to invest in some of the world’s leading brands such as Apple, Google, Microsoft, Kraft and many more
  • Access to highly experienced CommSec Advisers who provide portfolio and trading advice as well as international research papers
  • Access to a variety of information such as market news, stock news, sector analysis, US indices information as well as international watch lists and portfolio capability
CommSec Share Trading Account

Brokerage Fees and Rates

Markets Brokerage Fees Other Fees
North America

  • New York Stock Exchange
  • American Stock Exchange

This includes foreign denominated bonds, equities and managed funds

  • USD $19.95 for trades up to USD $5,000
  • USD $29.95 for trades between USD $5,000 and USD $10,000
  • 0.31% of trade value for trades more than USD $10,000
US Exchange Traded Options USD $65.00 or 0.75% of trade value, whichever is greater USD $1.10 applies per contract applied to US Option trades
Canada USD $39.95 or 0.40% of trade value, whichever is greater CAD $0.15 applies per share
Asia Pacific

  • Japan
  • Hong Kong
  • Indonesia
  • Philippines
  • New Zealand
  • Singapore
  • Thailand
USD $39.95 or 0.40% of trade value, whichever is greater Taxes and market fees put through at cost
Europe and Middle East

  • London Stock Exchange (LSE)
USD $39.95 or 0.40% of trade value, whichever is greater A stamp duty may apply of 50 basis points to buy trades executed on the LSE
  • Belgium
  • Austria
  • Finland
  • Denmark
  • Germany
  • Ireland
  • France
  • Italy
  • Luxembourg
  • Israel
  • The Netherlands
  • Portugal
  • Norway
  • Switzerland
  • Spain
  • Sweden
USD $39.95 or 0.40% of trade value, whichever is greater Taxes and market fees put through at cost

CommSec Summary

CommSec is Australia’s leading online broker and has been committed to providing their clients with the best online trading experience since 1995. CommSec is a highly credible, reliable broker who continually strives to provide their clients with the most advanced, up-to-date online trading accounts. The company offers traders an extensive array of markets from which they can invest in including both foreign and domestic markets with highly competitive rates. Although CommSec facilitates for traders of all experience levels, the accounts offered by the company are typically best suited to those seasoned traders as investors with previous experience in online trading are better positioned to benefit from the features offered by CommSec.