Can I buy shares for a minor?

CommSec cannot trade on behalf of a minor. You can however open an account in the name of an adult who will act as trustee until the minor turns 18. Once the minor has turned 18, the shares can be transferred into an account in their name.

To create an account in trust for a minor:

  • Click on the 'Join Now' icon on the CommSec homepage, select the product you would like to apply for and click 'Get Started'.
  • Under 'Which account would you like to apply for', select 'Trust' and 'Minor' for the trust type

We will endeavour to open the account within 3-5 business days of your application being submitted. If there are any issues with your application we will contact you, otherwise you will receive an email with your account details and Client ID once the application has been successfully processed.

 

Please consider the product disclosure statement and terms and conditions document, available from www.commsec.com.au, before making any decisions about the products and services offered by CommSec.

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