What is my trading limit?
CommSec gives you a trading limit of $25,000. This means you can place orders up to $25,000 for leading stocks without any deposit. Within this limit up to $7,500 can be used for non-leading stocks. Our current list of leading stocks can be found here (non-leading stocks are any stocks not included on this list).
The trading limits apply to the total amount of outstanding buy orders or unsettled buy transactions on your account. You must pay for your shares on the morning of settlement, which is two business days after your order has executed (known as T+2).
Your CDIA
If you have a Commonwealth Direct Investment Account (CDIA) account linked for settlement of your trades, the full available balance of your account will automatically be added to your current trading limit.
Your shares
Shares you already own will also be automatically added to your trading limit. We will double the market value of your registered CHESS sponsored holdings and add it to your daily trading limit. If you are CHESS sponsored with CommSec, you can view your holdings by logging in to your account and selecting “Portfolio” in the main menu.
How do I increase my trading limit?
To increase your trading limit, you’ll need to provide a deposit via one of the methods below. The amount of your deposit should be 50% of the amount by which your trade exceeds your trading limit. For example, if you want to buy $10,000 of non-leading stock, this is $2,500 above your trading limit for non-leading stock, so a deposit of $1,250 will be required.
Transfer funds into your Commonwealth Direct Investment Account (CDIA)
If you have funds in another CBA account, you can use NetBank to instantly transfer funds into your CDIA. You can access NetBank via the CommSec website, by clicking on the NetBank tab in the top left corner of your screen.
Use BPAY to transfer funds
Your Biller Code and Reference Number can be found on the CommSec website:
- Log in to your account
- Go to Portfolio
- Select Accounts
- Choose the appropriate trading account
- Scroll to the bottom of the page.
Provide a deposit via your Commonwealth Bank Account
If you have a Commonwealth Bank Account linked for settlement of your trades, you can call us to arrange a deposit on your behalf and place the order at phone brokerage rates.
For more info about your trading limit, please call us on 13 15 19 (or +61 2 9115 1417 if calling from overseas) between 8am and 7pm, Monday to Friday, Sydney time.
