Commsec international options trading account application form
It's republished here to seek comment from existing and potential new clients. With 20 years of experience helping investors reach their trading goals, CommSec has the tools and support to help you trade with confidence. Learn to trade binary options queen youtube. CommSec or Comsec and also known In CommSec became the first Australian brokerage firm to offer a CommSec also offers phone-based trading through.
I have a Commsec International trading account. The brokerage fees are very expensive so it is only suitable for long term buy and hold investors.
Remember my Client ID. I forgot my Client ID. I forgot my password Open a CommSec trading account. Is it the right product. Brokerage fees are usually based on a percentage of the value of the purchase or sale.
The percentage typically reduces as the amount of the transaction gets bigger. Most brokers have a minimum fee which they charge. For large trades, it may only be 0. Small trades worth a few thousand dollars can therefore be relatively expensive.
Use the Australian Securities Exchange find a broker tool to help you find a broker that suits your needs. You should check whether the broker uses dark pools or internalisation to execute trades, as this may have an impact on the price you pay for shares. She has some knowledge of the share market but decided to ask a stock broker for advice to be on the safe side. When Katarina presented her choices to the stock broker, he cautioned her against investing in one company that had recently been hit with a lawsuit.
He then organised for her to buy shares in the other companies she nominated. While his fees were higher than an online broker's, Katarina was happy to pay extra for his advice and service.
Companies may decide to offer new shares to the market as a way of raising capital. This is called a 'float' or an 'initial public offering' IPO.
You don't actually need a broker to buy shares in a float. All you do is send the application form in the prospectus and your cheque to the company. Many popular floats are oversubscribed, which means you may get only a proportion of the shares you applied for, or in some cases, no shares at all. Keep this in mind when sending off your application cheque, because your money can be tied up for a couple of months before you will get a refund.
For more information, see prospectuses. You can buy shares indirectly by buying units in a managed share fund. For more information, see choosing a managed fund. Some companies offer their employees the opportunity to purchase shares in the company.
The shares might be offered without a brokerage or at a discount to the market price. For more information, see employee share schemes.
Whether you buy shares through a broker, IPO, employee share scheme or through a managed fund, at some stage you may want to sell them. If you hold the shares directly you can sell them by placing a trade online or contacting your broker.
When your trade is executed you will be charged a brokerage fee, just like when you buy shares. When you sell shares the legal title of ownership is exchanged. Once settlement is completed, the money for the sale of the shares is transferred into your designated bank account. If you hold shares indirectly through a managed fund you can sell the shares by selling your units in the managed fund. Before you sell units in a managed fund it's important to check if there are any withdrawal costs.
For more information see how to buy and sell managed funds. When you sell your shares or units in a managed fund make sure you keep a copy of the trade confirmation or receipt for tax purposes. When you buy or sell shares through a broker there are different types of orders you can use. It's important to know how each order works and the impact different orders could have on the price when you buy or sell.
A market order is an order to buy or sell shares at the best available price at the time the order reaches the market. These orders are generally executed very quickly once you send them to your broker, however, the price the market order is executed at is not guaranteed.