Australia's leading online broker, part of Commonwealth Bank, offering share trading, margin lending, and international trading.
I use CommSec primarily for my ISA and general investment account. The fund selection is extensive, charges are reasonable, and the regular investment feature is perfect for pound-cost averaging. Research section helps me make informed decisions. Only wish their app was a bit more modern.
Pros: Great fund selection, good research, regular investing feature
Cons: App design could be modernized
I've tried several brokerages and CommSec is by far the best. Execution speed is excellent, the range of instruments is comprehensive, and the trading platform is powerful yet user-friendly. Commission structure is very competitive. Research tools and market analysis are top-notch. Essential for serious traders.
Pros: Fast execution, extensive instruments, great tools
Cons: Learning curve for beginners
I've been using CommSec for six months. It works for basic stock and ETF investing. The app is okay, execution is fine. Nothing has gone wrong but nothing has particularly impressed me either. Fees are middle of the road. If you're looking for something that just works, it's adequate.
Pros: Does the basics well
Cons: Nothing stands out, average in every way
CommSec has a great platform with lots of features. However, the fee structure can be confusing and small trades can be expensive relative to the investment amount. For larger portfolios it makes more sense. Customer service is decent but not outstanding. Worth considering if you trade frequently.
Pros: Powerful platform, lots of features
Cons: Fees confusing and expensive for small trades