Following similar deals from other brokers in the past.
Only available to NEW customers. Existing customers don't get anything.
Start investing with $0 brokerage
We’ll automatically waive the brokerage fee on the first 10 trades up to a maximum trade value of $50,000 each and placed on or before 31 January 2023.
Existing customers don't get anything.
Associated and happy to tell it like it is.
he owns CBA shares.
funny name
Maybe works at CommSec?
How long does it take to transfer from SelfWealth? Any support through CBA branches?
Broker to Broker would usually take 3-5 business days, given the form is filled out correctly.
The only support branches are able to provide, is printing out the form, scanning it and emailing it to CommSec. They can also call CommSec while you're at the branch if you need further assistance.
Who would want to transfer to CommSec from SW?
why not? it's free.
I guess if you're shortsighted.
@askbargain: Selfwealth clearing house is Philip Capital, and if you own GME you have a sell price restriction in place. Commsec doesn’t.
How about fee to transfer out?
Interactive Brokers is light years ahead of Commsec. Wouldn't trade with Commsec even if they offered 1000 trades for free!
please explain
I have been looking at a different platform, what makes them light years ahead?
1) Works flawlessly with C# and Python for the purpose of algorithmic trading
2) Access to algorithmic trading for stocks, options, futures, currencies, bonds and funds across 150 markets in 33 countries
3) Provides margin trading(through rates have gone up, still pretty lucrative), were you could borrow money at 2.9%
What's the reason for down vote? If you don't know to program, not my fault mate
I have pretty much no knowledge in stocks at all but this seems interesting. Why are there different platforms that cost different amounts for different things? Market research tools I get it but can’t you do that yourself on the internet?
I don't understand how these platforms can in any way compete with Stake, Superhero and their ilk.
Because Commsec had Pershing as their clearing house, the others are ones who smaller clearing houses and have been doing dodgy shit, especially with meme stocks. Superhero uses Apex, which is the worst clearing house to trust in.
To save money, I buy with brokers that have cheaper or free international shares purchases, then transfer to Commsec
Not sure why you have made multiple posts about international shares in an offer for ASX stocks only!
Only 10 trades? Come on CBA you could do better! OP needs to pitch to your bosses of other low fee platforms like Stake etc.
Keeping all those profits with the goal to maximize shareholder returns is a dying breed and a fallacy in its critical thinking created back in the 80s. Companies and communities are moving towards ESG models. Lead not follow.
Like all CBA products, this is a really good deal… for CBA shareholders.
Imagine switching from Stake or SW to get those 10 free trades, and 0.3% commission thereafter. And the free trades aren't even uncapped lol.
“Existing customers don’t get anything” typical CBA
if u have comm pocket you considered existing customer?
Yes
lower your trades costs for existing users ya selfish bank
The latest commsec app layout is slow, messy and unintuitive.
Their fees are terrible after the 10 free trades. Hardly worth it
This is not a deal given current offerings from other brokers.
These A holes tricked me. Should be made clearer that this is NEW customers to CommBank not just Commsec. Chose them to do about a dozen trades and set up an account thinking it logically meant new Commsec account and got the $29.95 trade fees.
you are wrong
is there a way to check your eligibility before trading?
From the T&C's it says it applies for new customers to CommSec not Commbank so I would be ringing them up if you believe you were charged incorrectly
Disclaimer
opened and now trading. What a lot of hassle and non-sense. it is as if every one there is to buy their "paid" time and waste your free time. selfwealth is much smarter.
Associated how?