CommSec is Australia’s largest online stockbroking firm. It is a subsidiary of the Commonwealth Bank. Though its Internet trading platform constitutes the vast majority of its business, it also offers a telephone based brokerage service, and investment advisory services. Founded: Headquarters: Industry: Type:
What is CommSec (Commonwealth Securities Limited)? Operating since 1995, CommSec (Commonwealth Securities Limited) is an online broker based in Sydney, Australia. They enable you to trade Australian and international stocks through their proprietary web and mobile trading platforms, with intuitive interfaces, advanced charting tools, and fast trade execution speeds.
What is the Commonwealth Bank’s CommSec Pocket app? The popularity of apps like Raiz and Spaceship Voyager has seen micro-investing take off in recent years – so much so, the Commonwealth Bank (CBA) decided to get in on the action with a micro-investment platform of its own. Launched in mid-2019, CommSec Pocket is designed to be a cheaper alternative to CBA’s trading platform, CommSec.
Can I transfer funds from Commonwealth Bank to Commsec CdiA? If you’re already a Commonwealth Bank member, a CDIA account is opened automatically for you on application of CommSec, so there’s no real reason not to use it. Even if you hold an account with another bank, transferring funds to CommSec CDIA for the purposes of trading is little effort and can save you a lot on brokerage fees.
Can I open a CommSec share trading account without Commonwealth Banking? Whilst anyone can open a CommSec share trading account without being a Commonwealth Banking customer, it would allow you to easily view and move between banking and trading accounts with a single login. I think this is integration is more convenient than switching between multiple accounts for different purposes.
What is CommSec (Commonwealth Securities Limited)?
Who is Commonwealth Securities Limited? Commonwealth Securities Limited (CommSec) is a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia. They are a market member of the Australia Stock Exchange (ASX) and Cboe Australia — a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited.
Who is CommSec? CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly CHI-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Is CommSec a scam or a legit company? No, CommSec is not a scam it is a reputable firm with low risk Investment due to regulations. CommSec is a trading name used by Commonwealth Securities Limited a wholly-owned subsidiary of Commonwealth Bank of Australia, a market participant of the ASX and Chi-X Australia.
What is CommSec share trading? The broker is a subsidiary of the Commonwealth Bank of Australia. Whilst anyone can open a CommSec share trading account without being a Commonwealth Banking customer, it would allow you to easily view and move between banking and trading accounts with a single login.