CommSec has no Minimum Deposit. This is good when compared to other broker minimum deposit fees, making it accessible to beginner and smaller retail traders.
| 🔍 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 Minimum Deposit Revealed – A Key 8 Point Overview
- ✅CommSec Overview
- CommSec Minimum Deposit
- CommSec Deposit fees and deposit methods
- CommSec deposit the minimum amount
- Customer Reviews
- CommSec Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the CommSec Minimum deposit as well as the pros and cons as well as features that are offered to traders.
CommSec Overview
According to research in South Africa, CommSec (Commonwealth Securities) is an Australian brokerage firm that has been in operation since 1995. It has established its successful position in the industry and strives to be professional in everything it does.
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.
It gives real-time access to shares and market prices, regardless of the amount you trade. This means you may open a CommSec International Securities Trading Account with exposure to over 25 leading global share markets including London and New York Stocks.
In addition, CommSec also offers research materials you can trust, including Goldman Sachs stock and Morningstar ratings together with the latest tools like CommSecIRESS.
CommSec Minimum Deposit
CommSec does not have a minimum deposit requirement. 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.
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.
| 🌐 Broker | CommSec |
| 🏛 Regulating Authority | The Australian Securities and Investments Commission (ASIC) |
| 💰 Minimum Deposit | $0 *No Minimum |
| 📌 Australian shares |
It is a requirement by most regulatory bodies and financial institutions, amidst several other strict rules and regulations, that all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.
Even though the CommSec Share Account is connected to your initial bank account, there is no specification on how much money you should have in the account. Nevertheless, the initial purchase of any shareholding must be at least $500/ ZAR7 500 worth of shares, known as a minimum marketable parcel of shares.
CommSec Deposit fees and deposit methods
There are only two options available for making payments or withdrawing funds, namely linking your bank account, and using BPay. The only deposit currencies which are accepted are USD. Whichever deposit method you choose to use, CommSec does not charge any deposit fees.
Traders must, however, ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable. These often depend on the payment method used as well as the amount which is deposited into the trading account.
CommSec deposit the minimum amount
When funding the trading account, traders can do it from their own bank account by sending the funds to one of the CommSec segregated client accounts. CommSec offers professional trading of shares and your trading account is automatically connected to your chosen settlement bank account. This means that all transactions are connected to it directly.
Once you have settled the order, the amount on which you bought shares will automatically be a debit from the bank account, and the same happens with the sale of shares. Funds must be transferred in the same currency as the bank account to which they are sending it to. Should this not be done, traders may be subjected to currency conversion fees.
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 |
| No deposit fees charged | Account base currencies are limited |
| No minimum deposit requirement | Currency conversion fees may apply |
| Regulated through ASIC | Limited payment methods offered |
| Reliable payment methods offered |
You might also like: CommSec Review
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You might also like: CommSec Fees and Spreads
You might also like: CommSec Sign up Bonus
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 trading of 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
What is the CommSec minimum deposit in ZAR?
There is no minimum deposit required.
How do I make a deposit and withdrawal with CommSec?
Linking your bank account and BPay.
Does CommSec charge withdrawal fees?
No. However, traders should take note that fees from financial institutions may apply.
How long does it take to make a withdrawal with CommSec?
On both payment methods it usually takes about two business days for a withdrawal to reflect into the trader’s account.
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