Commsec New Clients Receive $600 Free Brokerage (Your First 10 Equity Trades Might Be Free*)

310

Go to Deal

Legglings on 21/05/2017 - 11:08 commsec.com.au (1492 clicks)
Last edited 21/05/2017 - 14:26 by 1 other user

deal is back!

*$600 free brokerage offer only available to new customers opening a new CommSec Trading Account & Commonwealth Direct Investment Account (CDIA) before 31 July 2017 via the Join Now link on this page only. All free trades must be completed 3 months after account open. Offer applies to brokerage for Internet Preferred trades only. To place an Internet Preferred trade, you must trade online, be CHESS-sponsored by CommSec and settle your trade through your CDIA. Offer is not valid in conjunction with any other offer and not open to existing CommSec clients, or to staff, institutional or intermediary clients of CommSec. Your first 10 equity trades will be free, up to a total brokerage value of $600 (including GST). This offer does not apply to Issuer Sponsored (SRN) orders, CommSec Share Packs, International trades, Exchange Traded Options, Margin Lending and CommSec CFDs. This offer does not apply to trades where CommSec's brokerage exceeds $60 (including GST) or trades with a value over $50,000. No brokerage will be shown on the CommSec confirmation contract note issued in respect of free trades under this offer. This offer is not redeemable for cash and is not transferable. Normal CommSec terms and conditions apply unless otherwise specified here. For CommSec brokerage charges see commsec.com.au. Applicants must be 18 years or over. We reserve the right to terminate this offer or amend these terms and conditions at any time without notice.

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  blighst on 21/05/2017 - 11:42

  Still haven't used all my brokerage from the last deal. Definitely a good deal though - Commsec has the best platform imo and usually charges on the upper end of brokerage for online services.

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  gimli on 21/05/2017 - 12:11

  Good deal. for people who want to try dabble in shares. Remember trades need to be completed in 3 months. So unless you plan to sell within 3 months you will end up paying brokerage for the sale. ($20).
  Agree with comment above re: good platform. Very easy to use.

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  jv on 21/05/2017 - 12:17

  -6

  (Your First 10 Equity Trades Will Be Free)

  Doubt it. Most likely will have time constraint.

  • 

    [Deactivated] on 21/05/2017 - 12:19

    +4

    Learn to read jv.

    All free trades must be completed 3 months after account open.

    • 

      jv on 21/05/2017 - 12:27

      -4

      Well there you go.

      So it's a maximum 10 free trades within 3 months, not your "first 10 trades" free.

      • 

        atolikan on 21/05/2017 - 16:25

        sure it is
        the way you wrote it could be intentionally misinterpreted as well
        "oh I thought they meant I could choose any 10 of the 100 trades I made in my first 3 months"

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  [Deactivated] on 21/05/2017 - 12:21

  Can I cancel my Commsec account and wait for this deal to come around again in the future or does it not work the same way as it does for bank accounts and cc's?

  • 

    abc on 21/05/2017 - 12:29

    +1

    Of course you can. It will just be a pain in the arse if you have any existing holdings sponsored under your current brokerage account.

  • 

    oswade on 21/05/2017 - 14:22

    no i tried once years later and i couldn't get the deal again.

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  juzz0 on 21/05/2017 - 13:15

  I have had an inactive account for over five years (a few cents in it, no interest and no activity) . Is that long enough to close and redeem this deal?

  Also a previous poster mentioned for most trades (ie.those that aren't high value) share brokerage is $20, so practically for most new traders wouldn't the deal really be a $200 saving?

  I realize if you are pouring hundreds of thousands in you could save more but then I wouldn't think that audience would be intended or ones swayed by saving a few hundred in a deal for new customers.

  • 

    oswade on 21/05/2017 - 14:23

    i dong think u can (see above). there are other free brokerage deals though like through st george.

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  [Deactivated] on 21/05/2017 - 14:46

  Sorry to ask, but what does "$600 free brokerage" mean? Is it that CommBank waves up to $600 of brokerage fees or do they give you $600 for you to invest? Thanks for helping out.

  • 

    Grandslam on 21/05/2017 - 14:54

    +4

    Brokerage is the fee you pay CommSec in order to buy or sell shares. So they will effectively waive up to $600 in fees. You need to find your own money to invest however.

  • 

    footyboy on 21/05/2017 - 15:45

    -2

    Haha “do they give you $600 for you to invest?”

  • 

    HentaiEnjoyer on 22/05/2017 - 00:54

    -3

    Instead of being sorry you could just google 'brokerage' without being roasted bub :)

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  squeeze on 21/05/2017 - 14:50

  When does this expire?

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  WillKillfor5Cents on 21/05/2017 - 15:29

  What happen if I just take advantage of this deal to buy some shares and then transfer it to my real broker (Bell Direct)? Is this allowed?

  I couldn't find any T&Cs on this.

  • 

    tobi3421 on 21/05/2017 - 17:23

    I think you could. Probably can also transfer from Bell Direct to sell as well

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  atolikan on 21/05/2017 - 16:26

  can this invest in US shares?

  • 

    haboutnnah on 21/05/2017 - 16:34

    "This offer does not apply to … International trades"

    • 

      atolikan on 21/05/2017 - 16:46

      thanks, but to be clear does the platform allow international trades? I thought that required a separate platform

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  kosh52 on 22/05/2017 - 10:36

  so sad i missed the boat on this one. Opened a trading account on a whim two years ago and never used it until recently when I decided to try buying and selling shares. Brokerage is really killing me reducing my profit margins.