Can I use CommSec as a non resident?
Maybe. If you're currently living overseas, you might be able to trade with us if you are CHESS sponsored with CommSec and you use an Australian bank account to settle your trades. However, restrictions may apply to applicants from certain jurisdictions, depending on legal and regulatory requirements.
- Log into CommSec with your Client ID.
- Navigate to Trading > International and click on "Launch Platform"
- Click on Transact.
- Select the correct account (if you have multiple accounts)
- Enter the trade details (transaction, symbol, quantity, order type, duration)
- Click on Review Order.
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. Exceptions will occur when the stock is tracking under a Deferred Settlement basis.
...
International Shares.
| Fee Type | Amount |
|---|---|
| FX Fee per trade | NIL |
| 7 For trades in currencies to which certain restrictions apply, currency must first be transferred from USD and will incur a small additional spread. | |
Access exchanges worldwide
Through CommSec, you can gain access to major international stock exchanges, such as the New York Stock Exchange, NASDAQ, the London Stock Exchange and the Tokyo Stock Exchange.
As an Australia citizen who is classified as a non-resident for tax purposes you can buy shares which distribute a fully franked dividend.
- Select “Withdrawal from International Trading Account”.
- Select the currency you want to withdraw from and enter the amount you want to withdraw (in the selected currency).
- An indicative exchange rate will be displayed with an indication of the withdrawal amount in Australian dollars.
Login to the CommSec website and navigate to Portfolio > Accounts. Then select your International Trading Account from the drop down list. 1. To submit a request to deposit funds into your International Trading Account select 'Deposit to International Trading Account'.
Summary: CommSec and CommBank do not offer digital asset trading. The only way to buy Crypto via CommBank or Netbank is by depositing AUD into a licensed exchange like CoinSpot.
Are you an international student looking to buy shares in Australia? Well, the good news is that the Australian government welcomes foreign investment. Even if you don't have an international student visa, you can still invest in the Australian Stock Exchange.
Do I need a commbank account for CommSec?
You don't need to be a banking customer of Commonwealth Bank to open a CommSec share trading account, but it does allow you to easily view and move between banking and trading accounts with a single login.
- CMC Markets - Best Overall.
- IG - Best Trading Platform.
- CommSec - Best Bank for Share Trading.
- Interactive Brokers - Best for Professionals.
- Westpac - Best Research.
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.
If you hold at least one stock in your international account for a full calendar year (1 January to 31 December) and you don't execute at least one trade during that same year, an inactive account fee of USD$25 is charged to your account.
What is the minimum amount I can invest? With CommSec Pocket you can start investing with as little as $50 at a time. You can make a one-off investment, or set up regular investments to build your portfolio steadily over time.
CommSec will transfer the net amount to or from your nominated bank account when you either buy and then sell shares, or sell then buy shares on the same day or the next trading day.
If you are certain that you want to close your CDIA account, you will need to contact the Commonwealth Bank on 13 22 21 or +61 2 9999 3283 if calling from overseas. Alternatively you can visit any of our local branches to close your account.
CommSec is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 Australian Financial Services Licence number 234945 (“Commonwealth Bank”) which is one of the largest and oldest financial institutions in Australia.
If you are logged into the CommSec website, switch into NetBank by selecting 'NetBank' from the tab in the top-left corner of your screen. Go to the 'Transfers' tab then select 'Transfer money'. In the 'From' account drop-down menu, select your CDIA.
