In this CommSec Review, we are going to take a look at the offer that this broker prepared for its traders. CommSec is regulated by the ASIC in Australia. CommSec operates on the financial market since 1995. When it comes to trading platforms, the broker features CommSec, CommSecIRESS. The CommSec minimum deposit is 500 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this CommSec Review
| Website address: | https://www.commsec.com.au/ |
| Operated by: | Commonwealth Securities Limited |
| Licensed and authorised by regulatory bodies: | ASIC |
| Supported languages: | English |
| Customer support available via: | E-mail, phone |
| Contact details: | [email protected] +61 2 9115 1400 |
| Available deposit methods: | Bank Trasfer |
| Available withdrawal methods: | Bank Trasfer |
| Minimum deposit: | 500 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Variable |
| Tradable assets: Might be a CFD. | Forex, stocks, commodities, indices |
| Mobile app: |  |
| MetaTrader 4: |  |
| Other trading platforms: | CommSec, CommSecIRESS |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:500 |
| Social trading: | |
Random reviews of competing FX & CFD brokers: Axi , GlobalFXM, OriginalCrypto and UAGTrade
Frequently Asked Questions
🧐 Is CommSec a Scam?
CommSec is a broker licensed and regulated by the ASIC. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that CommSec is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the CommSec minimum deposit?
In order to start trading with CommSec, you have to deposit at least 500 USD.
📵 What deposit and withdrawal methods CommSec supports?
⚖️ Would you recommend me choosing CommSec?
We don’t have our own personal experience with CommSec. However, because the broker is regulated by the ASIC, there is a high chance that it is not a scam. With that being said, it still does not mean that CommSec is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
