Frequent question: How much does CommSec charge to buy shares?

How much does it cost to buy shares in CommSec?

Trade from $29.95

Buy and sell shares using a CommSec Share Trading Account with your existing bank account.

Is CommSec expensive?

Commsec fees are more expensive than the discount online brokers but offer more features. There are no management fees or inactivity fees with Commsec. If you have less than $3000 to invest at a time, Commsec Pocket may be more appropriate.

Is CommSec trading free?

It’s free to join CommSec and you can be trading in as little as 5 minutes.

Is there a fee to buy stocks?

Trade commission: Also called a stock trading fee, this is a brokerage fee that is charged when you buy or sell stocks. You may also pay commissions or fees for buying and selling other investments, like options or exchange-traded funds.

What is price limit CommSec?

Limit orders allow you to set a maximum purchase price for your buy orders, or a minimum sale price for your sell orders. If the market doesn’t reach your limit price, your order will not be executed. … For example, a limit price of 40.7¢ will not be accepted by the Australian Stock Exchange.

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What is the minimum purchase on CommSec?

Your initial purchase of any particular shareholding must be at least $500 worth of shares, known as a ‘minimum marketable parcel of shares’. CommSec may then allow you to purchase smaller amounts of shares to top up existing shareholdings.

Is CommSec worth using?

Final verdict. CommSec Pocket was simple and fairly enjoyable to use. It offers new investors an easy way to start saving and getting involved in the share market. However, it pays to work out how often you plan to invest per year, what your fees will be and how much that will impact your investments.

Does CommSec charge inactivity fee?

CommSec does not charge an inactivity fee or monthly fee on its standard Australian shares account.

What is the cheapest way to buy stock?

The most inexpensive way to purchase company shares is through a discount broker. A discount broker provides little financial advice, while the more expensive full-service broker provides comprehensive services like advice on stock selections and financial planning.

What is a CDIA CommSec?

The Commonwealth Direct Investment Account (CDIA) is a cash management account specifically designed for CommSec share traders. It allows you to trade, save and transact when and where it suits you.

What is a custodian fee?

Custodial fees are costs that you’ll pay to a bank or brokerage for taking care of and managing your investments. They’re sometimes also called safekeeping fees. At some point in your investing journey, you’ll likely encounter these fees.