2. Define your investment goals
3. Build your investment strategy
4. Research and trade
4.1 Setting up your account | 🕑 4m |
🕑 11m | |
🕑 8m | |
4 q's |
4.1 Setting up your account
What this topic covers:
- ✓ Investing with Australia’s no.1 online trading platform
- ✓ 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
- Trade your way – online, via the app, or over the phone
How to apply and set up your CommSec account
The application is a simple process. On the joining page, you’ll be asked to open a Commonwealth Direct Investment Account (CDIA) to link as your settlement account.
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
- Log in to your account just once – via Netbank or CommSec
- Lowest brokerage rates, with trades from $5*
*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.
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.
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
Disclaimer
CommSec Learn is intended to provide general information of an educational nature only. The information has been prepared without taking into account your objectives, financial situation or needs. For this reason, any individual should, before acting on this information, consider the appropriateness of the information, having regards to their objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the product Terms and Conditions, Product Disclosure Statement, Best Execution Statement, Financial Services Guide and should consider them before making any decision about these products and services. The Commonwealth Direct Investment Account is issued by Commonwealth Bank of Australia and administered by Commonwealth Securities Limited. The target market for the CDIA can be found within the product’s Target Market Determination, available at commbank.com.au/tmd. 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, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.