CommSec Fees Spreads and Commission varies according to the account type that the trader is using. CommSec spread list starts from 0.6 pips on EUR/USD.
| 🔍 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 Fees Spreads and Commission Revealed – A Key 8 Point Quick Overview
CommSec Overview- CommSec Fees and Spreads
- CommSec Additional Trading Fees
- CommSec Broker Fees
- Customer Reviews
- CommSec Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the CommSec Fees Spreads and Commission as well as the features that are offered, which could affect your trading.
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.
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.
CommSec Fees and Spreads
CommSec charges a spread of 0.60% on the wholesale rate at the time the rates are locked. Trading fees at CommSec are based on a commission basis and depend on the instrument you trade and decrease as your trading size increases. Initial commissions may be a once-off payment and are calculated as a percentage of the funds you have invested.
| 🌐 CommSec | |
| 📌 Fees and Spreads | No inactivity fee |
| Commission fees | |
| No Withdrawal fee | |
| No Deposit fee |
CommSec Additional Trading Fees
When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day. It is not clear on CommSec’s website if short positions or long positions that are held overnight will be charged with swaps.
There are many additional fees that may occur, depending on the requirement of the services you may use. Brokerage fees vary depending on how much you trade with and which settlement you choose. For more information on the trading fees charged, traders can log onto the CommSec website. CommSec does not offer spread betting and thus spread betting fees do not apply.
CommSec Broker Fees
CommSec does not charge deposit fees or withdrawal fees and will cover all bank processing charges.
You do not pay anything when you first open a CommSec Share Trading Account and there are no monthly account-keeping fees for your Australian account. However, there is an annual $25 fee for international accounts if you do not conduct at least one trade during the year.
Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.
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 |
| Provides access to international securities | Accepts only clients from Australia |
| Various educational tools are available | Complicated process to open an account |
| Few payment methods offered | |
| Limited account currencies available | |
| No demo account offered | |
| No Islamic account for Muslim traders | |
| No MetaTrader 4 platform |
You might also like: CommSec Review
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You might also like: CommSec Minimum Deposit
You might also like: CommSec Sign up Bonus
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 a company with a strong background based on the efficiency and reliability of Commonwealth Bank. The trading environment is also a comprehensive feature suitable for active and professional traders due to its sophisticated technology and access to professional instruments.
Frequently Asked Questions
How many instruments can I trade with CommSec?
You can trade the following financial instruments:
- Australian Shares
- Margin Loan
- Cash
- Options
- International Shares
- Exchange Traded Funds
- Warrants
- Fixed Income Securities
Which platforms are supported by CommSec?
CommSec WebTrader, CommSec Mobile App and CommSecIRESS.
Does spread betting cost apply to CommSec?
No spread betting costs apply to CommSec
Does CommSec offer leverage?
This is not indicated.
What spreads can I expect with CommSec?
CommSec charges a spread of 0.60% on the wholesale rate at the time the rates are locked.
Does CommSec charge commission?
Yes. Initial commissions may be a one-off payment and are calculated as a percentage of the funds you have invested. It is calculated as follows:
- Investment products – between 0% and 6.5% of your investment amount.
- Insurance products – between 0% and 30% of the premium that you pay.
Ongoing commissions may be paid for the length of time you hold the product and are calculated between 0% and 1.4% of the investment amount.
Is CommSec regulated?
Yes. CommSec is regulated through the ASIC.
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