Small trade brokerage with conditions
$2.00
Trades under $1,000
Large trade brokerage with conditions
0.2%
Trades over $1,000
Monthly fee
$0.00

Mozo editorial review CommSec CommSec Pocket - last updated: 7 July 2021

binocular icon
What's hot
  • $2 per trade up to $1,000
  • Curated selection of ETFs
  • 2021 Mozo Experts Choice Award winner for Casual ETF Trader
What's not
  • Limited investment options
Mozo snapshot

Designed with beginners in mind, CommSec Pocket offers a simplified approach to share trading that could serve as a good entry point for budding investors. What sets it apart from most other share trading platforms is the decision to offer a curated selection of just seven Exchange Traded Funds (ETFs) to invest in. These vary in theme, so you’ll be able to select one or a combination of several that interest you. And you’ll be charged a flat brokerage fee of $2 on trades up to $1,000 and 0.20% on larger amounts.

key icon
Key features

Unlike other share trading platforms, which give you access to thousands of Australian-listed stocks and other investment options, CommSec Pocket narrows your choices to seven themed ETFs. These are:

  • Aussie Top 200

  • Aussie Dividends

  • Global 100

  • Emerging Markets

  • Health Wise

  • Sustainability Leaders

  • Tech Savvy

You can set up automatic investments in ETFs of your choice by selecting the amount, start date and frequency (either fortnightly or monthly). An in-app reminder will be sent the day before the scheduled investment, giving you the option to cancel it if you’ve changed your mind.

Importantly, there are no account keeping fees when you trade with CommSec Pocket and brokerage costs have been kept low. You’ll pay just $2 on trades up to $1,000 and 0.20% on larger amounts. That means brokerage comes to $5 on a trade worth $2,500.

snapshot
Who is it good for

The decision to offer just a handful of investment options might not be appreciated as much by experienced investors (who might prefer the traditional CommSec Share Trading account), but it can help remove some of the uncertainty around share trading for beginners. The low brokerage fees, which compare favourably against most other share trading platforms we track, will also appeal.

question icon
Any catches

While there are no account keeping fees, you might encounter fees on other occasions. When you make a trade, for example, cash will be debited from your account two days after the trade is done (this is known as a T+2 settlement). If your account doesn’t have enough funds at this time, a $10 Late Settlement Fee will apply. As always, make sure to read the PDS carefully before signing up.

Details

Rates and fees information correct as at 8 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Fees

$2.00

Trades under $1,000

0.2%

Trades over $1,000

$2 brokerage for trades under $1,000, otherwise 0.20% of trade value. Trade from a selection of 7 ETFs including Aussie Top 200, Global 100, Health Leaders and more.

no

$0.00

n/a

n/a

Tools

n/a

Features

none

CommBank transaction account

none

Customer Reviews

This product does not currently have any community reviews. Be the first to write one.

About CommSec