Why are there restrictions on my account?

We may place restrictions on an account if there are current outstanding payments or a history of unmet payments.

If there are restrictions on your CommSec account, your ability to sell shares won’t be impacted. However, your ability to buy shares will be limited.

A restriction on your account means that the normal trading limit of $5,000 for leading stocks and $1,000 for non-leading stocks is suspended. If you want to place an order to buy shares, you must provide an additional deposit. Other trading limits based on your portfolio balance and CDIA balance will not be affected.

If restrictions have been placed on your trading account, you can email shares@commsec.com.au to request a trading restriction review. You will need to justify why the restrictions should be lifted.

 

Disclaimer

This site is directed and available to and for the benefit of Australian residents only. © 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 and both entities are incorporated in Australia with limited liability.

By clicking on the "Download the CommSec App" buttons above, you will be directed to itunes.apple.com or play.google.com. These sites are not affiliated with CommSec and may offer a different Privacy Policy and level of security.

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