CommSec Demo Account offers many features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
| 🔍 Broker's Name | CommSec |
| 🏛 Headquartered | Sydney, Australia |
| 📅 Year Founded | 1995 |
| 📃 Regulating Authorities | (ASIC) Australian Securities and Investments Commission |
| 🌐 Countries not accepted for trade | Only accepts clients from Australia |
| ☪️️ Islamic Account (Swap Free) | No |
| 📒 Demo Account | No |
| 📒 Institutional Accounts | Yes |
| 💻 Managed Accounts | Yes |
| 📊 Maximum Leverage | 500:1 |
| 💰 Minimum Deposit | $0 |
| 💳 Deposit Options 💳 Withdrawal Options | Linking your bank account and BPay |
| 📊 Platform Types | CommSec Webtrader, CommSec Mobile App, CommSecIRESS |
| 📲 OS Compatibility | Web, mobile |
| 📉 Tradable Assets | Contracts for Difference (CFDs) and trading facilities on shares, forex, commo |
| 🌐 Languages supported on Website | English |
| ☎ Customer Service Hours | Monday to Friday from 08:00 – 19:00 Sydney time. |
Min Deposit
USD 0
Regulators
ASIC
Trading Platform
CommSec WebTrader, CommSec Mobile App, CommSec IRESS
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
CommSec Demo Account Types Revealed – A Key 7 Point Overview
- ✅CommSec Overview
- ✅How to set up a CommSec Demo Account – Step by Step
- ✅CommSec Demo Account Features
- Customer Reviews
- CommSec Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the CommSec Demo Account as well as the features that are offered.
CommSec Overview
CommSec is an Australian brokerage firm that has been in operation since 1995 offering trading on shares and options. Its headquarters are in Sydney. CommSec is a trading name used by Commonwealth Securities Limited, a wholly-owned subsidiary of the Commonwealth Bank of Australia, a market participant of the ASX and Chi-X Australia.
Being a subsidiary of a strong established financial company and a bank, its trading service and all settlements are authorized by the Australian Securities and Investment Commission (ASIC) and the broker obliges to the strict laws and regulations set by the commission.
Due to the regulatory overseeing and reputation within the finance world as a regulated company means the broker is constantly audited and maintains transparent conditions. CommSec is also a part of a reputable Bank within Australia that gives you even more peace of mind. Apart from the provided security as per regulation requirements, CommSec also protects client funds, through its Banking regulated service.
With CommSec you can trade in financial instruments such as Australian Shares, Margin Loan, Cash, Options, International Shares, Exchange Traded Funds, Warrants, and Fixed Income Securities. The broker developed a pricing strategy considered as low brokerage rates that starts from $ 10 per trade for trades under $ 1 000 giving you better value for money.
It does not offer trading through the popular MetaTrader 4 but through its own in-house trading platforms. Today, CommSec is one of the leading online trading providers within Australia, which actively maintains the financial growth of the industry, educating traders and supporting regional communities through various programs.
How to set up a CommSec Demo Account – Step by Step
CommSec does not offer beginner and new traders the option to open a demo account. Trading can be a very intimidating task for beginners without prior knowledge, skill, or experience in trading and through the provision of demo accounts, brokers provide a comprehensive and risk-free environment for beginner traders.
A demo account is often referred to as a practice account due to it provides traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.
CommSec Demo Account Features
| CommSec | |
| Account Type | 🌐 Demo Account |
| Account Features | 📌 None |
| CommSec Free Benefits | ☑ Trade without cash |
| 🆓 Research |
Demo accounts serve the purpose of mimicking a live trading environment without traders risking their actual capital. Trading is conducted by using virtual money while simultaneously having access to all the financial instruments as with a live trading account.
Since CommSec does not offer the option of opening a demo account there are no features to report.
Customer Reviews
Great!
CommSec provides the easiest and most accessible in-house platforms, trading platforms such as CommSec Pocket and Web Trader are by far the best I’ve come across – Max
Keen on the Affiliate Programs offered
CommSec reaches Affiliate Brokers in South Africa – They offer in-house CommSec Trader platforms across most accounts, which is a bonus! – Chris
No Sign Up Bonus offered.
The CommSec website is easy to navigate, just disappointed that there are no sign-up bonuses on offer. – Natalie
CommSec Pros and Cons
| ✅ PROS | ❌ CONS |
| ASIC regulated | Demo account not provided |
| Competitive trading conditions offered | Few payment methods provided |
| In-house trading platform | Islamic account not offered |
| Various educational tools offered | Limited currencies to fund accounts |
| Various research tools offered | MetaTrader 4 not offered |
| Not an effortless process when opening a live account | |
| Only accept clients from Australia | |
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Min Deposit
USD 0
Regulators
ASIC
Trading Platform
CommSec WebTrader, CommSec Mobile App, CommSec IRESS
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Conclusion
Overall, CommSec is an Australian company with a strong background based on the efficiency and reliability of the Commonwealth Bank. It does not offer its brokerage services to clients outside Australia.
The trading environment is a comprehensive feature mainly suitable for active and professional traders due to its sophisticated technology and access to professional instruments, mainly offering to trade shares. Beginner traders are also welcomed, as the broker provides leading educational materials, as well as investment programs suitable for investors of any size or need.
Frequently Asked Questions
Is the CommSec demo the same as a live trading account?
A demo account provides the trader with a practice account that can be used to practice trading in a risk-free environment.
Demo accounts are often suited for beginners who need to build up experience with trading as well as advanced traders who would like to test their trading strategies and explore the offering of a broker before registering a live account.
Does CommSec offer a demo account?
No. CommSec does not offer the option to open a demo account.
Can I convert my demo account to a live trading account with CommSec?
No. CommSec does not offer the option of opening a demo account, thus traders who choose this broker will only be able to open one of the live accounts offered.
For how long is the CommSec demo account valid?
Not applicable since it does not offer a demo account.
Can you withdraw money from a CommSec demo account?
No. CommSec demo account funds cannot be withdrawn.
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