Are CommSec pockets worth it?
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.
What is the minimum parcel of shares you can buy?
$500
The ASX requires a minimum parcel of $500 to be traded if you do not currently hold that particular security. Once you possess $500 worth of an individual security you may purchase any value of shares you wish.
How does CommSec Pocket work?
CommSec Pocket charges you $2 for each investment transaction. If you trade more than $1,000, you will be charged 0.20% of the trade value. That is, a $1,100 trade will cost you $2.20. CommSec does not charge ongoing or account keeping fees unlike some other online brokers.
Is day trading allowed on CommSec?
Is CommSec a good broker for day trading? CommSec is a top broker in Australia and offers a range of assets for day trading including shares, options, ETFs, and warrants.
What are the fees for CommSec Pocket?
Brokerage is charged at $2 per trade, for trades up to $1,000 and 0.20% for trades above $1,000. Please consider the Financial Services Guide for fees and charges.
Can I buy $500 worth of shares?
Most brokers would require the first trade to be at least $500 which would be referred to as the ‘minimum marketable parcel of shares’. The size of increments or additional purchases thereafter would be at the individual broker’s discretion.
Is it OK to buy 1 share of stock?
While purchasing a single share isn’t advisable, if an investor would like to purchase one share, they should try to place a limit order for a greater chance of capital gains that offset the brokerage fees.
Can I buy and sell shares immediately?
Yes, you can buy and sell the shares instantly in the stock market and with in the day if both buying and selling happens then thag is called as a intraday trading.
Can you buy and sell the same stock repeatedly?
As a retail investor, you can’t buy and sell the same stock more than four times within a five-business-day period. Anyone who exceeds this violates the pattern day trader rule, which is reserved for individuals who are classified by their brokers are day traders and can be restricted from conducting any trades.
How many days do you need to hold a stock to get dividend?
Briefly, in order to be eligible for payment of stock dividends, you must buy the stock (or already own it) at least two days before the date of record and still own the shares at the close of trading one business day before the ex-date.
How long do you have to hold a stock to get the dividend Australia?
The ex-dividend date occurs one business day before the company’s record date. To be entitled to a dividend a shareholder must have purchased the shares before the ex-dividend date. If you purchase shares on or after that date, the previous owner of the shares (and not you) is entitled to the dividend.
Can you withdraw from CommSec Pocket?
Each time you sell units in an ETF, you’re charged $2 or 0.2% on transactions over $1,000. You can withdraw money from your investment account at any time without any additional fees. CommSec Pocket is free to download from the App Store and Google Play store.
Can I transfer shares from CommSec Pocket to CommSec?
If you’ve got shares currently held with another broker, you can transfer them over to CommSec. This is known as a Broker-to-Broker transfer (B2B).
What is CommSec share trading account?
CommSec Share Trading Account A CommSec Share Trading Account gives you a fast, simple and affordable way to buy and sell Australian shares. You can place orders without a deposit 1, so you can take advantage of investment opportunities when they arise.
How long does it take to trade with CommSec?
Simply select the account that suits you best and you could be trading with CommSec in as little as 5 minutes. With a CommSec Share Trading Account, you’ve got everything you need to invest with confidence. Borrowing to invest with a CommSec Margin Loan gives you automatic access to our award-winning trading platform.
Can I trade options with a CommSec margin loan?
Borrowing to invest with a CommSec Margin Loan gives you automatic access to our award-winning trading platform. You can trade Options just as easily as you trade shares. A CommSec International Securities Trading Account gives you access to many leading global share markets.
What is CommSec’s one off trade service?
CommSec offers a ‘One Off Trade’ (OOT) service for clients who do not wish to open a trading account but have an issuer sponsored holding they wish to sell. In order to sell your shares via the One Off Trade service you must have an existing account with the Commonwealth Bank or a CommSec trading account.