This was posted 7 years 6 months 1 day ago, and might be an out-dated deal.

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

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Commsec New Clients Receive $600 Free Brokerage (Your First 10 Equity Trades Will Be Free)
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Pblack on 19/10/2016 - 13:25 commsec.com.au (263 clicks)
Last edited 19/10/2016 - 13:43 by 1 other user

*$600 free brokerage offer only available to new customers opening a new CommSec Trading Account & Commonwealth Direct Investment Account (CDIA) before 30 November 2016 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 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.

Start saving – The saving component in this promotional offer relates to the cost saving attributable to the complimentary brokerage up to the figure of $600.00 during the defined time period.

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closed Comments

  • jv on 19/10/2016 - 13:26
    +1

    (Your first 10 equity trades will be free)

    pretty sure you only have a short, limited time to get them free…

    • deb3103 on 19/10/2016 - 13:31
      +2

      thats in the description already ? " All free trades must be completed 3 months after account open "

      • jv on 19/10/2016 - 14:31
        -2

        Title is misleading though… most people wouldn't be able to get their '1st 10' free…

        • ronnknee on 19/10/2016 - 14:39
          +3

          Why not? Nothing stopping you from buying stocks from 10 companies on day 1.

        • jv on 19/10/2016 - 18:44
          -1

          @ronnknee:

          Why not?

          Title is misleading because I choose when I time the market…

          If the title was correct, every new client would get their first 10 free, but most people don't get to use them.

          Title needs to be reworded to be accurate.

        • ronnknee on 19/10/2016 - 19:37
          +1

          @jv: Well you can choose any day within the 3 months to make your purchases/sales. Like any other deals, there are expiry dates. It's very normal.

        • jv on 19/10/2016 - 21:04
          -2

          @ronnknee:

          Well you can choose any day within the 3 months to make your purchases/sales.

          That's not a reasonable amount of time for most people to make trades. They should not expire.

        • ronnknee on 20/10/2016 - 09:06
          +1

          @jv: Please remember that this is a deal that is offered by the business under no obligation; likewise, there is no obligation for anyone to take up on it. Stop being arrogant.

          They should not expire.

          Seriously?

        • jv on 20/10/2016 - 09:15

          @ronnknee:

          there is no obligation for anyone to take up on it.

          yep, not taking it up due to misleading marketing practices…

          Seriously?

          yep… They should offer your first 10 trades free… That would be worth a +ve vote…

        • ripsnorter on 20/10/2016 - 11:50

          @jv:

          What misleading marketing practices?

  • Mad Max on 19/10/2016 - 13:38

    What is the interest rate they pay on the CDIA? Is there any account fee for the CDIA?

    • black on 19/10/2016 - 13:42
      -1

      CDIA has no fees, no interest. For an interest earning account with CBA you will need a NetBank Saver which you can transfer in NetBank.

      • MikeHunt on 20/10/2016 - 17:29

        CDIA does pay interest. Rates here,
        https://www.commbank.com.au/personal/accounts/savings-accoun…

        • Mad Max on 20/10/2016 - 19:43

          $20k to $100k 0.5%
          A bit low…
          And you have to keep money in the account to place buy trades.
          Other brokers allow you to place trades using the value of your portfolio as security. Then you transfer the money in the linked account before settlement

  • PlagueistheCheap on 19/10/2016 - 14:16
    +2

    This has been around for years and is ALWAYS active

    • black on 19/10/2016 - 14:47
      -2

      No it is not ALWAYS active

      • PlagueistheCheap on 19/10/2016 - 15:17
        +1

        Yes it is, it just isn't always advertised.

        • black on 19/10/2016 - 16:33
          -2

          No it's not. I don't understand how you can possibly make such a claim.
          Do you check it everyday?
          I have a commsec account and have been eyeing this for a while for someone else.

        • PlagueistheCheap on 19/10/2016 - 16:42

          @black:

          Eyeing it is different to asking.

        • baxter on 20/10/2016 - 23:27

          @Expon: I agree - I actually can't remember a time in the last last 10 years when they haven't had this deal. I believe I've seen it as high as $1000, but it's usually at the $600 mark. And yes, I log onto Commsec most days.

  • Bargaingeek on 19/10/2016 - 14:18
    -3

    stockmarket will crash 2017, just watch

    • ronnknee on 19/10/2016 - 14:40

      Are you a time traveller?

    • thushan on 19/10/2016 - 15:04
      +1

      Man, you should have told us to buy Blackmores 2 years ago, now that would have been useful information.

    • Pharos5 on 19/10/2016 - 16:06
      +1

      Stockmarket will grow steadily by around 5-10% pa, just watch.

    • jjcf on 19/10/2016 - 16:11

      Oh noes! What should I do?! Put all my money into eneloops and HP Microservers?!

      • thushan on 19/10/2016 - 17:12

        damnit, i've been buying SSDs and Eneloops. My portfolio was going to fly I thought!

    • 7hours 44min ago on 19/10/2016 - 16:50

      BBOZ will climb 20%+ by 11 Nov.

      • thushan on 19/10/2016 - 17:15

        are you one of the 9 sellers for 4,077 units?

        • 7hours 44min ago on 19/10/2016 - 17:47

          It's an index mate, buy/sell sides don't make any difference.

  • RedSky on 19/10/2016 - 16:59
    +2

    It's hilarious how must of a rip off brokerage is in Australia. I know most trades on CommSec would be cheaper than $60 but on Interactive Brokers each order of US stock is around 1USD, Aus stock is 6AUD. CommSec is $20-30 for Aus stock.

    You even have new fintech brokers like RobinHood in the US who are commission free and make their money through interest on unused funds and skim a bit on margin accounts. Should be opening up to Australian accounts in future (although they would only give you access to US equity I believe).

    • jv on 19/10/2016 - 18:45

      thanks for the tip…

  • hanger7 on 19/10/2016 - 18:54
    +4

    Boy I'm cheesed off at companies that offer these deals to NEW customers, but their loyal customers get totally ignored once on board.

    What's the saying - correct me if wrong - but it takes 6 times more investment to get a new customer than it does to keep an existing one.

    Total fail by such companies - but won't neg poster of course. </endrant>

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