CommSec Web Trading Platform - FAQ and Tips

raja71 · 18 April 2006

Newbie to share trading and these forums. Can anyone explain what the bid$ column relates to in commsec's online share watchlists. Especially just prior to the opening of the market when this value for a particular share might actually be higher than the previous days closing share price?

markrmau · 18 April 2006

Re: Commsec query

raja71 said:
Newbie to share trading and these forums. Can anyone explain what the bid$ column relates to in commsec's online share watchlists. Especially just prior to the opening of the market when this value for a particular share might actually be higher than the previous days closing share price?

Welcome aboard.

Please read

http://www.asx.com.au/investor/education/basics/trading_hours.htm

so you understand a bit about the different market phases.

And http://www.asx.com.au/investor/education/basics/price_calculations.htm

so you understand openings and closes.

This may clear things up.

During normal trading, of course the bid is what someone is willing to pay for a share, and the offer is what someone is willing to sell for.

Cheers,

raja71 · 19 April 2006

Re: Commsec query

Thanks for the assistance.

stink · 8 February 2007

Commsec Users please read

Hi All,

I hate to start a thread for this but cant get my answer through other threads. I am in the process of opening an account with commsec. Is there conditional order system adequate or is it too unreliable? Just want to know if you lot think its a problem or not?

Regards Stink

watsonc · 8 February 2007

Re: Commsec Users please read

It is as good as it can be. There are no guarantees with conditional ordering and selling. It depends on demand in the market.

ekman · 8 February 2007

Re: Commsec Users please read

stink said:
Hi All,

I hate to start a thread for this but cant get my answer through other threads. I am in the process of opening an account with commsec. Is there conditional order system adequate or is it too unreliable? Just want to know if you lot think its a problem or not?

Regards Stink

ditto what WATSONC says

stink · 8 February 2007

Re: Commsec Users please read

Yep i thought so, thanks for the feedback.

Cheers Stink

Rainmaker · 24 April 2007

CommSec Questions

Hey folks, just a few questions about CommSec:

1.If I transfer some issuer sponsored shares (<$10k) over to a CommSec account with the intention of selling them, is that counted as a "one off trade" with $66 in brokerage?

2.When you open up your Commonwealth Direct Investment Account (CDIA), this should appear in NetBank so you can easily transfer from other Commonwealth accounts to the CDIA?

3. Finally, with regards to "Up front" Conditional Orders and "On execution" Conditional Orders - does this imply they charge an extra amount for having stop losses or limits?

bvbfan · 24 April 2007

Re: CommSec Questions

1 - No, just converting issuer to chess (if the company is chess sponsored)
2 - Yes provided you ask for linkage and the account is in your name or have authority on the account
3 - Stop orders have extra charges on top of the standard brokerage

Ruprect · 21 May 2007

Re: CommSec Questions

Am i the only one having trouble with Commsec today?

Screen freezing, log out, log back in, when it does work, its on a go slow.

Couldnt place orders yesterday, kept logging me out, or saying that codes were wrong.

Everything else i have open is working fine, just commsec.

biff · 21 May 2007

Re: CommSec Questions

You are not the only one. The comsec web site sucks, they need to get their act in order or I for one will be changing brokers.

breakeven · 21 May 2007

Re: CommSec Questions

I have heard that Commsec charges an inactivity fee if an account is not active in any one calender year. Does anyone know if this is correct?

lazydays · 25 May 2007

Re: CommSec Questions

I just started using an old account that would have to be 10yrs old and was only ever used to get data etc from.
Pleasantly surprised when I logged onto the old number and password and it still came up.
Traded today no problems

alphman · 29 May 2007

Re: CommSec Questions

breakeven said:
I have heard that Commsec charges an inactivity fee if an account is not active in any one calender year. Does anyone know if this is correct?

The Comsec website lists all fees applicable:

https://www.comsec.com.au/Public/WhatItCosts.aspx

From what I can gather, an "inactivity fee" of US$65 is only applicable if you have registered for International Share Trading through Comsec and you have not made trades on any global markets for a year.

Gordon · 31 May 2007

Re: CommSec Questions

This is probably a silly question but i just bought some shares through comsec - the order has been confirmed and the settlement date is 05/06/07. I thought it would automatically debit my bank account. Do i own the shares yet? I havnt actually paid for them (nothing has left my bank account).

My basic question is how the hell do i pay for them - am i blind and the info is in comsec - seems really stupid not to have answers to such obvious questions.

Thanks for any help - and yes i have emailed commsec but i thought this site would be faster .

aaronphetamine · 31 May 2007

Re: CommSec Questions

When your settlement date arrives, the money will then be debited from your nominated account. Settlement date is 3 days from date of purchase (open market days)

And if you sell the shares you brought within those 3 days, then the settlement date will be 3 days from the date u sold them, and comsec will just add / deduct the total amount and either credit or debit your account whether or not you made money on the shares or lost money.

nomore4s · 31 May 2007

Re: CommSec Questions

Gordon said:
This is probably a silly question but i just bought some shares through comsec - the order has been confirmed and the settlement date is 05/06/07. I thought it would automatically debit my bank account. Do i own the shares yet? I havnt actually paid for them (nothing has left my bank account).

My basic question is how the hell do i pay for them - am i blind and the info is in comsec - seems really stupid not to have answers to such obvious questions.

Thanks for any help - and yes i have emailed commsec but i thought this site would be faster .

You pay for them on settlement. So you get 3 days of interest on your money while owning the shares. If you have CDIA account with CBA/Commsec they just debit your account on settlement day.

motion · 31 May 2007

Re: CommSec Questions

Hi,

What happens if you make a trade on the same day then sell 3 hours later and do not have the money in the account with this balance it self out when the account settles as long as it's on the same trading day ?

Thanks

Gordon · 31 May 2007

Re: CommSec Questions

Thanks a lot for the replies

nomore4s · 31 May 2007

Re: CommSec Questions

motion said:
Hi,

What happens if you make a trade on the same day then sell 3 hours later and do not have the money in the account with this balance it self out when the account settles as long as it's on the same trading day ?

Thanks

Commsec will debit/credit the balance of the trade to/from your account. Same goes if you sell $2000 worth of shares from XYZ and buy $2500 worth of shares in ABC on the same day they will take $500 from your account on settlement day, or if vice versa will put $500 in your account.

CommSec Web Trading Platform - FAQ and Tips

raja71

markrmau

raja71

stink

watsonc

ekman

stink

Rainmaker

bvbfan

Ruprect

biff

breakeven

lazydays

alphman

Gordon

aaronphetamine

E for Electro

nomore4s

Commonsense isn't that common

motion

Gordon

nomore4s

Commonsense isn't that common

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CommSec Web Trading Platform - FAQ and Tips

E for Electro

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