Trading Account by CommSec
July 16th, 2008 | by winsonlee |
TO
TO
I tried applying for an account with Commsec that is called Commonwealth Direct Investment Account (CDIA) last year february. But during then I feel that the process is too complicated. To get a cheaper trading rate, a CDIA account is needed. CDIA and trading account application is still through paper and i feel that it is abit troublesome. A minimum of $5000 is needed to open a CDIA account. So I cant be bothered and put the application on hold till may 2008.
I found out that an online application can be put in through E*Trade to open a trading account. Application process is so much simpler. Recently I have been looking for international share trading option. Found out that CommSec introduce another type of account that is call CommSec Cash Management to replace CDIA. Online application process is fairly simple. Decided to give it a try as I feel that E*Trade interface is very complicated. I consider myself a computer literate and even myself is having problem getting around the web interface. E*Trade brokerage fees is $32.95 compare to CommSec which is only $19.95.
