Investing can seem complicated if you don’t know much about it. Add in a range of trading platforms (some with multiple products, such as CommSec), and things can get a little confusing. If you’re asking yourself whether you should invest in CommSec, CommSec Pocket, or both, you’ve come to the right place. Let’s compare both.

What is Commsec?

CommSec is an online trading platform that gives you access to several major Australian and international stock exchanges such as the Australian Securities Exchange (ASX), the New York Stock Exchange (NYSE), and the NASDAQ, a US stock exchange where some of the largest companies in the world are listed.

Huh. However, to trade in US stocks you will need a ComSec International Share Trading account.
When you open a share trading account with CommSec, you can buy and sell shares in publicly listed companies. For example, you can buy shares in Qantas, which is listed on ASX.

What is CommSec Pocket?

CommSec Pocket is an investing app that’s great for beginners. You can start investing with as little as $50 and grow your portfolio as you learn the ropes.

When you invest with CommSec Pocket, you buy units in a bundle of assets known as an Exchange Traded Fund or ‘ETF’.

You can choose from seven themed ETFs in the CommSec Pocket app, including:

• Australian Top 200: This includes the 200 largest ASX companies.

• Australian Dividends: Focuses on 30+ companies that are known to pay above-average dividends (profits to shareholders like you).

• Global 100: Covers approximately 100 major global companies.

• Emerging Markets: Gives you access to 800+ companies in fast-growing economies like China, Taiwan, and India.

• Healthwise: Contains about 100 companies focused on medical innovation.

• Sustainability Leaders: Provides you with information on nearly 200 companies that have been screened to avoid negative environmental, social, or governance risk activities.

• Tech Savvy: Includes nearly 100 of the biggest tech innovators on the NASDAQ.

Features and Fees: A Side-by-side Comparison CommSec and CommSec Pocket

When it comes to specifics, how do CommSec and CommSec Pocket stack up?

Here’s a quick table to help you compare.

	CommSec	CommSec Pocket
Minimum beginning investment	$500	$50
Account funding option	Bank transfer	Bank transfer
Share trading	Yes	No
ETF trading	Yes	Yes
Trading fee (Rates listed are for CDIA Settlement)	$10.00 (Up to and including $1,000) $19.95 (Over $1,000 up to $10,000) $29.95 (Over $10,000 up to $25,000) 0.12% (Over $25,000)	$2.00 for trades up to and including $1,000 0.20% of the value of trades above $1,000

How do I transfer shares to my Commsec account?

Log in to CommSec, click Settings, then select Transfer Share in the Service Request section.

From the dropdown box, select “Other Broker Account”. ,

The B2B transfer will be successful only if the shares are owned by the same owner as the CommSec account owner. ,

Press continue.

How Do I Change My Dividend Reinvestment on Commsec?

You can opt in or out by filling out a simple DRP form and returning it to the Share Registry and you can also change your preferences online through the Share Registry website.

Why switch to Commsek?

See the importance of moving to Commsek and find out why more Australians do business online with Commsec.

Get access to cutting-edge research like Goldman Sachs stock recommendations and Morningstar premium ratings. Track the latest market movements with advanced tools like CommSecIRESS.

Enjoy flexibility with your trading with features like trading limits, and take advantage of our great range of products to help you develop your trading strategies and diversify your portfolio.

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Powerful Trading Tools

Make informed investment decisions with extensive market research, free live pricing, and powerful trading tools including Alert2, conditional orders, stock screeners, and comparison charts.

Advanced Charting

Use Commsec’s sophisticated charting tools to compare stocks and monitor their performance.
price chart

Create a Personalized Watchlist

View live pricing, research, and market data points for any stock of your interest by setting up a custom watchlist.

Value for your money

Value means higher than COMSEK’s low brokerage rates (from $10.001 per trade). It is free to join and there is no running fee. Value also means free research and a great range of trading tools and a constant commitment to making the best of your trading experience.

Join us today

Joining Commsec is free and you can be trading in as little as 5 minutes.

To complete the switch, complete a Chase sponsorship and broker-to-broker request form and return it to us for processing. Your application will usually be processed within 48 to 72 hours.

FAQ

What are the eligibility criteria for CommSec One Active Trader Program?

You may qualify for COMMSEK One by showing that you meet one of the following eligibility criteria within a 12-month period:

Annual brokerage expense of AUD $3,000 or more, OR

The average margin loan balance of AUD $100,000 or more, OR

Average CHESS or international holding of AUD $2.5 million or more, OR

Registered in the CommSec Sophisticated Investor Program (with the eligibility criteria either having net assets of at least AUD$2.5m or gross income of at least AUD$250,000 per year for the last two fiscal years.)

Eligibility for COMMSEC One is based on the aggregate ‘client’ level for each of the criteria, i.e. Brokerage, Margin Loans or Chase Holdings. So this means that if you trade or control multiple trading accounts under your Client ID, the total amount of all accounts will be calculated to determine eligibility for COMMSEC One.

I am a COMMSEC client and I believe that I currently meet one of the COMMSEC ONE eligibility criteria. How can I access the benefits of the program?

To enjoy the benefits of being part of the program, please contact us. A CommSec One Relationship Manager will review your eligibility, notify you if you qualify for CommSec One, and activate benefits on your Client ID.

How long have I been in the CommSec One Active Trader program?

Once you become part of the CommSec One Active Trader Program, your Comsek One Profit will be activated on your CommSec Client ID for at least 12 months from the date you welcome him to the program.

What is a complete list of the benefits of the CommSec One program that I can enjoy?

* Direct access to our dedicated CommSec Forest Service team. They will understand your investment goals, and provide personal assistance with your trading. Relationship managers are available in the market to help you manage your large orders personally and manage your accounts.

* Invitations for special events2 and webinars. Hear direct from CommSec and industry experts, who share their insights on a wide range of topics, including the economic outlook, portfolio management, and investment strategies, both locally and internationally.

* Free access to CommSecIRESS Viewpoint3. This customizable trading platform provides you with real-time market updates and advanced charts, making it easy to monitor the latest market movements and make informed decisions.

* IPO Access 5. Be the first to know about the upcoming Initial Public Offering (IPO). You can bid directly in your IPO allotment of CommSec One, which increases your chances of getting your allotment.

* Sophisticated Investor Opportunity5. Receive information about opportunities to participate in select investment opportunities normally only available to institutional investors.

* Free access to Trading Central Daily Trading Alerts 6. Identify new opportunities through spot market trends and daily trading alerts, with trade ideas, fundamentals, price momentum, and sentiment, where applicable, identified through technical analysis or trending top stocks in the media.

* Morningstar Premium Research is Free for three months7. Access the ASX 300 in-depth analysis and recommendations, and receive daily market news and commentary.

* Silver International Research Provided by Market Digital10. Get access to Morning Notes and Fund Manager Spotlight, as well as access to detailed economic analysis and insights on a broad selection of US-listed companies.

* CommSec One Monthly Newsletter. Stay in the loop with the latest market updates, expert insights, special offers, and upcoming events2 handpicked by the Comsek One team.

* No off-market transfer fee11. When you transfer shareholding between parties or to a new account, the off-market transfer fee is waived, saving you a standard fee of $54 per transfer form.

Conclusion

CommSec Pocket App is a useful micro-investing app with a lot of benefits, investors have different options to choose different types of ETFs for investment. Commsek pocket fees are also very real which every investor can easily afford. CommSec Pocket ETFs are also highly diversified because ComSec tries to keep investors’ risk very low. We think this is the CommSec Pocket App review for 2022.