4.1 Setting up your account

What this topic covers:

  1. Investing with Australia’s no.1 online trading platform
  2. Applying and setting up your account

What you get with a CommSec account

If you’re looking for a fast, simple and affordable way to buy and sell Australian shares and more, CommSec is a great place to start. Why?

  • Over 25 years’ experience
  • Australia’s no.1 online trading platform
  • A team of industry experts providing market insights and updates throughout the day
  • Free to join, with no monthly account fees
  • No deposit upfront*
  • Trade your way – online, via the app, or over the phone

*There is a trading limit that permits up to $5,000 for leading stock (of which $1,000 can be used for non-leading stock). You are able to trade up to these amounts without any deposit requirements, but funds must be available on the morning of the settlement date.

How to apply and set up your CommSec account

The application is a simple three step process. On the joining page, you’ll be asked to decide how you want to pay for your shares. There are two options:

1. Link with a Commonwealth Direct Investment Account* (CDIA).

Briefly, a CommSec CDIA is a cash management account specifically designed for CommSec investors, allowing you to trade, save and transact, when and where it suits you.

There are multiple benefits to choosing this option:

  • Seamlessly transfer cash between accounts
  • Easily settle trades
  • Earn interest
  • Log in to your account just once – via Netbank or CommSec
  • Lowest brokerage rates, with trades from $10

2. Link with your existing bank account

  • Buy and sell shares using a CommSec Share Trading Account linked to your existing bank account (includes most banks) from $29.95 per trade

*To be eligible, you must trade online, be CHESS Participant Sponsored with CommSec and settle your trades through either a Commonwealth Direct Investment Account (CDIA) or a CommSec Margin Loan.

Once you’ve made your decision, simply follow the online prompts to set up your account. The whole process is designed to take minutes. Then watch this video for a quick overview of the CommSec platform.

Other trading options

As you learn more and more about investing you may want to consider the many other trading options available. Here’s a snapshot of three trading options offered by CommSec. If you’d like to know more, just click the links.

A Margin Loan is where you borrow money to invest – for example, with a CommSec Margin Loan – in order to grow your portfolio. See more here.

A CommSec Options Account allows you to trade Options. Whether you’re looking to protect the value of your existing portfolio or generate income or want to implement more advanced Options strategies, an Options Account may help you make the most of your investments. See more here.

Some of the world's biggest companies can be added to your portfolio. Our International Trading platform makes trading overseas simple, helping you discover, research and trade in a wide range of global opportunities. See more here.

Next Topic: 4.2 How to research


CommSec Learn is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. Investors should consult a range of resources, and if necessary, seek professional advice, before making investment decisions in regard to their objectives, financial and taxation situations and needs because these have not been taken into account. Any securities or prices used in the examples given are for illustrative purposes only and should not be considered as a recommendation to buy, sell or hold. Past performance is not indicative of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. 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.




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