Plus500 Australia – Do They Accept Australian Traders BinaryOptionsAustralia.com

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Contents

Australian Shares

Buy your share of a business.

Why invest in the share market?

CommSec share trading gives you the ability to trade Australian shares. Historically, the Australian share market has offered better long-term returns than most other investments 1 , making shares an important part of a diversified portfolio.

With over 2,000 companies listed on the Australian share market, there’s plenty to choose from. Trading shares is affordable, simple and flexible, and you can use a range of strategies to suit your investment goals and time-frame.

How it works

When you buy a share, you become a part owner of that company. You will receive similar benefits to owning any business, such as a share of profits distributed through dividends, and usually the right to vote at company meetings.

  • The day your order is fulfilled, we send a confirmation with the details of your trade.
  • The ASX requires you to pay for your shares two (2) business days after the day of your trade.
  • When selling, we will credit your bank account two (2) business days after the day of your trade.
  • You can use the sale proceeds immediately (before settlement) to pay for further buy orders executed on the same or next day.

Benefits

Easy to get started

Start investing with as little as $500. Buying shares is simple with CommSec. You can track your portfolio and trade online or on the go with our App.

Choice of settlement account

With CommSec, you can choose any Australian bank transaction account to use for buying and selling shares. You can use your existing bank account, or open a cash account with us.

Flexibility

It’s easy to buy and sell Australian shares when it suits you. When you sell your shares, you can usually access your money two (2) business days after you trade.

Trade today without cash

CommSec is the only broker that lets you place a trade under $25,000 without cash upfront. 2

Free live data and quotes

You can enjoy free access to live company data and quotes, regardless of how seldom you trade.

Free research

Enjoy free access to market-leading research, plus the latest financial market news, including daily video reports and Twitter updates from the CommSec media team.

Low cost

Trade from just $10.00 3 with CommSec. It’s free to join and there are no monthly or ongoing account fees, regardless of how seldom you trade.

Potential tax benefits

Share trading may offer tax benefits. For example, if you sell shares you have held for over a year you may receive a 50% Capital Gains Tax discount.

Diversification

You can use shares to build a diversified investment portfolio as entry costs are relatively low and there is a large range of shares and sectors to choose from. You might want to consider the CommSec share packs to invest in a portfolio of leading companies chosen by the CommSec Investment Management Team.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Risks

Capital loss risk

If you sell shares when the share price is lower than you bought it for, you will make a capital loss.

Liquidity risk

While most companies have many buyers and sellers, not all companies will have a buyer or seller at the price and time you want.

Market and economic risks

Like property and most other investments, companies and the share market are affected by a range of factors. Some shares may be more volatile or sensitive to different factors.

Rates and fees

Brokerage Fees

Brokerage fee amount by transaction value 1

Trade online and settle your trade to a CDIA or CommSec Margin Loan 2

$10.00 (Up to and including $1,000)

$19.95 (Over $1,000 up to $10,000 (inclusive))

$29.95 (Over $10,000 up to $25,000 (inclusive))

Trade online and settle into a bank account of your choice

$29.95 (Up to and including $9,999.99)

0.31% ($10,000 and above)

Share Trades over the Phone 3

$59.95 (Up to and including $10,000)

0.52% (Over $10,000 up to $25,000 (inclusive))

0.49% (Over $25,000 up to $1,000,000 (inclusive))

CommSec Share Packs online 4

$66 per pack of 6 stock (equates to $11 per stock 5 )

CommSec Share Packs over the phone 4

$181.50 per pack of 6 stock (equates to $30.25 per stock 5 )

Trades requiring settlement through a third party 6

$99.95 (Up to and including $15,000)

$66.00 (Up to and including $10,000)

UPDATE (20 March 2020): Due to the current market volatility and unprecedented call volumes, we are now prioritising urgent customer matters. This means we have made some temporary changes to how we support customers over the phone. We will no longer be providing One Off Trade Services over the phone.

$59.95 (Up to and including $10,000)

0.52% (Over $10,000 up to $25,000 (inclusive))

0.49% (Over $25,000 up to $1,000,000 (inclusive))

1 For GST rounding reasons, the final brokerage fee may vary from the stated or expected brokerage fee by a couple of cents.

2 To be eligible, you must trade online, be CHESS Participant Sponsored with CommSec and settle your trades through either a Commonwealth Direct Investment Account (CDIA) or a CommSec Margin Loan.

3 Brokerage charged (shares, warrants and listed managed investments): Brokerage at these rates applies each time you buy or sell a stock, warrant or listed managed investment.

4 Normal brokerage will apply when a stock acquired through CommSec Share Packs is subsequently sold.

5 Amount per share will be noted as brokerage on each confirmation issued. There will be no substitution should a stock have a trading halt placed on it.

6 Includes third party Margin Lending, and where the Commonwealth Bank exercises its rights under the loan Terms and Conditions.

Other fees

Other fees may apply. Please see the CommSec Financial Services Guide

$0. There are no monthly fees associated with a CommSec Share Trading account.

Get started

Open a CommSec Share Trading Account

Be up and running in as little as 5 minutes. Start by choosing one of the options below:

Trade from $10.00

Buy and sell shares using a CommSec Share Trading Account with our cash account – with it you can seamlessly settle trades, transact and earn interest.

Trade from $29.95

Buy and sell shares using a CommSec Share Trading Account with your existing bank account.

Frequently asked questions

How do I transfer my shares to CommSec?

Important: The shares you wish to transfer (whether held with another broker or the share registry) must have identical registration details (both name and address) to your CommSec trading account. If registration details differ by even one character, you will need to change these details before completing the form.

Shares held with another broker

To transfer shares held with the share registry into your CommSec share trading account you will need to submit an Issuer to CHESS transfer request. You can do this online by logging in and navigating to Portfolio > Accounts (select account) > Transfers.

For the transfer to be successful the name and address registered on your issuer holdings must match your CommSec account.

Your request will be completed within 72 hours.

Shares held with the share registry
To transfer shares held with the share registry into your CommSec Trading Account you need to complete an Issuer Sponsored Holdings to CHESS Sponsorship Transfer Form.

  • Download the CHESS sponsorship form on our website under Forms & Brochures: Issuer Sponsored Holdings to CHESS sponsorship form.
  • Complete the form and attach a photocopy of the latest issuer holding statement or dividend statement.
  • Ensure that all share holders sign the ‘Agreement’ section of the form, then return the completed and signed form to the address on the form.

Your request will be completed within approximately 48 to 72 hours of receipt.

Please note: If your shares are held in another entity, for example yourself in trust for a super fund, you need to complete an Off Market Transfer form.

  • If you are already CHESS sponsored with CommSec, you can fax the form (and statements) to us on (02) 9280 7023.

How do I pay for my shares?

Once your buy order is partially or fully executed with CommSec, settlement will take place two (2) business days after its execution (T+2) 4 .
There are two options available for paying for your shares:

  • Automatic direct debit from a linked nominated bank account is the recommended option. We will automatically direct debit from your nominated bank account on T+2. To view the bank account you nominated on your application form, select Portfolio > Profile after you have logged into your CommSec account.
  • In addition to your nominated bank account for settlement, you can deposit funds for your buy trades via BPay. A clearance time of up to two (2) business days may apply, so it is important to organise payment early to ensure funds are clear and available on settlement date. Your payment may be partially or wholly offset under the CommSec contra policy. For a BPay payment reference number go to Portfolio > Accounts > Account details.

When you have bought and sold shares on the same day and the next trading day, your payment may be partially or wholly offset. For more information refer to the New Client Guide.

What is CHESS?

CHESS (Clearing House Electronic Sub-register System) is the system used by the ASX to record shareholdings and manage the settlement of share transactions.
If you are CHESS sponsored by CommSec you can automatically keep track of your portfolio and its market value online, it’s easy to buy and sell shares because all the required information is available, so you don’t have to ask the company’s share registry to provide it.
For your holdings to be registered in the CHESS Settlement Facility, you need to be sponsored by a Settlement Participant of the ASX Group, such as CommSec. Broker sponsored holdings are allocated a Holder Identification Number (HIN).
To become CHESS sponsored with CommSec, download the form from Support > Forms & Brochures > ‘Broker to Broker CHESS sponsorship’ form.

What is the minimum amount of shares I can buy?

Your initial purchase of any particular shareholding must be at least $500 worth of shares, known as a ‘minimum marketable parcel of shares’. CommSec may then allow you to purchase smaller amounts of shares to top up existing share holdings. For example, if you hold $500 worth of shares in XYZ you may be able to purchase a smaller amount of XYZ to increase your existing holding.

What is a Commonwealth Direct Investment Account (CDIA)?

The CDIA is a Commonwealth Bank cash account specifically designed for CommSec share traders, allowing you to trade, save and transact, when and where it suits you. For more information about the CDIA, click here.

How do I decide what to buy?

Knowing where to start can be quite a challenge but there are ways to narrow down the possibilities.

Once you’ve defined your investment goals, think about companies you know and have a relationship with — whether it’s a company you work for, shop at, travel with or something else. Do those companies meet your investment criteria? You can use CommSec’s research tools and CommSec Learn to obtain more information to get more ideas.

Alternatively, you may prefer to try one of our share packs. These are diversified portfolios of leading companies chosen by the CommSec Investment Management Team.

How much does it cost to trade?

You can trade with CommSec with brokerage from as low as $10.00 3 . Brokerage is charged when your order results in a trade. You can find CommSec brokerage rates here.

What is the CommSec App and how do I get it?

The CommSec App is a mobile application that you can use to view your portfolio and place trades, wherever you are. You can download it to your iPad, iPhone or Android device (excluding Android tablets) from the iTunes App Store or from Google Play. For more information, click here.

How do I know when my buy/sell order has been completed?

Whenever an order you have placed results in a trade, you will receive a Confirmation Contract Note by email, post or both, depending on the preference you have selected. Confirmation Contract Notes are generated on the day of the trade. You can access up-to-date information on the status of your orders on the CommSec website at any time.

Do I need to deposit cash before I place a buy trade?

No, your CommSec Trading Account allows you to place orders of up to $25,000 without deposit 2 . That limit applies to leading stock, and you can also buy up $7,500 of non-leading stock within that amount. If you have cash in your linked Commonwealth Direct Investment Account or have shares in your CommSec Trading Account, you may be able to increase this amount. The funds will be direct debited from your linked cash account in full on the settlement date, which is two (2) business days after your trade has taken place (T+2) 4 .

Can I sell shares through CommSec without opening a trading account?

Yes. CommSec offers a ‘One Off Trade’ (OOT) service for clients who do not wish to open a trading account but have an issuer sponsored holding they wish to sell. In order to sell your shares via the One Off Trade service you must have an existing account with the Commonwealth Bank or a CommSec trading account. The shares you wish to sell must be held in a different name to your existing trading account.

To complete a One Off Trade:

  1. Download the form from below or by navigating to Support > Forms & Brochures: Shares > Australian Shares > One Off Trade Form.
  2. Complete the form and attach the latest holding statement or dividend statement of the shares you wish to sell. Each parcel of stock will have a separate Shareholder reference number (SRN) and holding statement and will therefore require a separate trade. Please include holding details for each stock you wish to sell.
  3. Return your completed form and statement/s via one of the below methods:

Fax: 1300 703 210 (Attention: One Off Trades)
Email: [email protected]
Post:
Attention: One Off Trades
CommSec
Locked Bag 22
Australia Square NSW 1215

Your shares will be sold within approximately two (2) business days after receipt of your request at the prevailing market price at the time the order is placed. A Confirmation Contract Note will be issued the same day. You should retain the Confirmation Contract Note for tax purposes, as it details the price your shares were sold at and the brokerage paid.

Brokerage and settlement
Brokerage for a One Off Trade is $66 per trade up to $10,000 OR 0.66% of the value of the trade if greater than $10,000. It is deducted from the proceeds of the trade.
The net amount will be posted to you as a cheque on the second business day after your order is executed (T+2). Please ensure that your registration details with the share registry are up to date and accurate. We will post the Confirmation Contract Note and cheque to the registered address of your shareholding.

Important information
CommSec cannot execute a One Off Trade unless you have an existing account with the Commonwealth Bank or CommSec. Where you wish to sell shares that are held in the name of a trust or company you must have an existing Commonwealth Bank account or credit card in the same name as the registered name on the shares.
Any Commonwealth Bank or CommSec account details provided by you on the One Off Trade Form are for identification purposes only, and proceeds will be credited in the form of cheque only.
Warrants cannot be sold using this form and no early settlement is available.

Before you obtain any products or services from CommSec, you must view the most recent Financial Services Guide (FSG).

To receive the CommSec Financial services Guide (FSG) and relevant Product Disclosure Statement (PDS) by mail contact us on 13 15 19.

I agree to be given the FSG and PDS by downloading these documents from this website.

Learn the Benefits of CFD Trading in Australia

The introduction of Contracts for Difference (CFD) trading into the Australian forex market approximately eight years ago threatened the revenue model of discount brokers because retail investors could now access the forex market via CFDs with minimal brokerage fees. Additionally, CFD market makers introduced innovations and new features, further upending the existing market order.

Save Money to Make Money

CFD providers introduced fees as low as $10 per transaction, in comparison with $20-30, which was standard at the time. The investing public and retail traders responded overwhelmingly to this choice! The earliest major players in the Australian CFD market were CMC Markets and IG Markets, whose popularity was attributable to their over-the-counter role as both market provider and trade counter-party. In response, discount share brokers created the ASX alternative, and listed exchange-traded CFDs, boosting interest in and knowledge of CFD trading in Australia.

Biggest Players in CFD Trading in Australia

The initial enthusiasm for the transparent ASX-based CFDs ultimately proved inadequate to sustain a viable market. The alternative market-makers model prevailed, and is the only available mechanism today, to the evident satisfaction of all traders. Market makers, like IG Markets, Xtrade.AU Online Capital Markets, and a few others guarantee that their clients can trade at globally competitive prices whenever markets in the underlying financial instruments are open.

CFD Trading in Australia Today

Presently, there are more than 30,000 Australians trading CFD instruments, up some 400% in a decade! The interest in CFD trading in Australia–Contracts for Difference is based on their flexibility and efficiency as trading instruments. Among the most popular CFD markets today are:

FOREX – Foreign currencies are the world’s largest volume of trading by asset class, providing liquidity and operating, 24/5.

INDEX – Stock indices, like– Australia 200, S&P500, the DAX, FTSE, and many others– represent compilations constructed to track national markets, enabling traders to gain exposure to and diversification of specific national market stock portfolios.

COMMODITY – With the rise of China as an industrial giant, interest in commodity trading has grown. From oil and gold, through other agricultural, metal and petroleum-based products, the growing CFD trade demonstrates that Australians are increasingly taking trading positions on raw and basic commodities with minimal margin and transaction costs..

In Conclusion

CFD trading in Australia is justifiably well-developed, and Australian traders have several CFD platforms to choose from. The regulatory structure provided by the Australian Securities and Investment Commission (ASIC) is effective in creating a positive trading environment. Traders can choose from among several CFD platforms, based on offered services, reputation and reliability, convenience and ease of use..

Careful selection of your platform is the key first step in a profitable strategy for CFD trading in Australia. Ensure that your requirements are met and that you are comfortable with the environment so that the tools are in place for implementation of a winning trading strategy

Assets

Property or items you or your partner own in full or part, or have an interest in are assets. They can affect your payment.

We have information in different languages about Assets

Call our Multilingual Phone Service to speak with us in your language about your Centrelink payments and services.

Asset types we assess

We look at the type and value of any assets you own in and outside of Australia.

The value of your assets is what you’d get if you sold them at market value. We’ll deduct any debt you owe that your asset is security for, from its market value.

Example

Mary has a Toyota Yaris with a market value of $20,000 and a loan on it of $8,000. We would assess it at $12,000.

Real estate

We include most real estate you own in your assets test.

The only real estate asset we don’t include is your principal home and the first 2 hectares of the land it’s on.

We include real estate you:

  • rent out
  • leave vacant for any amount of time
  • let someone else live in for free
  • live in when you’re not at your principal home.

Example

John has an investment property with a market value of $300,000 and a mortgage secured against it of $100,000. We would assess the value of John’s property as $200,000.

Granny flat rules

We may assess you under the granny flat rules. We’ll do this if you transfer assets or money to live in a property that someone else owns.

Retirement village contributions

We need to know how much you pay as your entry contribution to live in a retirement village. We use this amount to work out both:

  • whether we class you as a homeowner
  • if we’ll include it in your assets test.

Read about how retirement villages form part of your real estate assets.

Life interests

We may assess an asset if you either:

  • have a life interest in the asset
  • receive an income during your lifetime from an asset you don’t legally own.

Read about how life interests form part of your real estate assets.

Read what a life interest in an asset is on the Department of Social Services website.

Financial investments

We use the value of your financial investments to calculate your payment rate. We assess your financial investments under both the assets and income tests.

Superannuation investments

If you’re under Age Pension age, your superannuation investments don’t count in the income and assets tests. This is the same for your partner if they’re under Age Pension age. Once you reach Age Pension age your superannuation investments will count in the income and assets tests. This is whether you get Age Pension or another payment.

Income streams

An income stream is a regular series of payments either:

  • made straight from accumulated superannuation contributions
  • purchased using superannuation or other money.

Business assets

If you’re involved in a business as a partner or sole trader, some assets will count as yours. We’ll work out what income and assets relate to you.

If you’re a controller of a private trust or private company, some assets and income will count as yours. We base how much on your level of control. We’ll assess the assets and income generated by the private trust or private company to work out how much.

If you’re a controller, we don’t assess the capital injection made into a private trust or private company.

Funeral investments

Some funeral investments may be partially or fully exempt from the assets test.

Assets given away

You or your partner can give away money, assets or income at any time. If it’s more than the allowable gifting amount, it’ll affect your payment.

Special Disability Trust

If you’re a beneficiary or have donated to a Special Disability Trust, we need to know to apply any concessions.

Other assets

We also assess the market value of the following:

  • motor vehicles
  • boats
  • caravans
  • licenses, such as fishing or taxi
  • the surrender value of life insurance policies
  • trading, hobby or investment collections
  • cryptocurrencies
  • household contents
  • personal items, such as computers and jewellery.

Asset types we don’t assess

There are some assets we don’t assess. We call these exempt assets.

Property assets

Property that is exempt assets include:

  • your principal home and surrounding land up to 2 hectares on the same title
  • some properties larger than 2 hectares on the same title – read more about rural customers and primary producers
  • your principal home, if you vacate it for up to 12 months or 2 years if entering a care situation
  • granny flat rights where you pay more than the extra allowable amount
  • any property or money left to you in an estate, which you can’t get for up to 12 months
  • accommodation bonds paid on entry to a residential aged care facility.

If you enter an aged care facility, we may consider your former principal home to be an exempt asset indefinitely. We may consider it exempt if all of the following apply:

  • you entered the facility before 1 January 2020
  • you’re renting out your former home
  • you’re paying or are liable for an accommodation charge.

Your principal home sale proceeds that you’ll use to buy another home within 12 months is also an exempt asset. We deem the exempted amount and include it in the income test.

Other assets

These assets are also exempt:

  • Australian superannuation investments that aren’t currently paying a pension – this exemption applies until you reach Age Pension age
  • some income streams depending on when you purchased them
  • a cemetery plot and a prepaid funeral, or up to 2 funeral bonds, that cost less than the allowable limit
  • aids for people with disability
  • money from the National Disability Insurance Scheme for people with disability
  • a Special Disability Trust, if it meets certain requirements.

We won’t assess any interest you have in the following items:

  • life interest
  • reversionary interest
  • remainder interest
  • contingent interest.

This applies as long as you or your partner didn’t create them.

We also may not assess most compensation or insurance payments for loss or damage to buildings or personal items.

Assets test limits

Most pensions and allowances have asset limits. We use these limits to work out if your assets will affect your payment rate.

We calculate the payment rate under both the income and assets tests. The test that results in the lowest rate, or nil rate, will apply.

Your limits are higher for pensions if you get Rent Assistance with your pension.

We update assets test limits in January, March, July and September each year.

Payment allowances and Parenting Payment

From 20 March 2020, your payments cancel if your assets are more than the limit for your situation.

ABN (Australian Business Number)

An Australian Business Number (ABN) is a unique 11 digit number that identifies your business to the government and community. Find out if you need one, and how to apply.

ABN Lookup for an Australian business number

ABN Lookup is the public view of the Australian Business Register (ABR). It provides access to the publicly available information supplied by businesses when they register for an Australian business number (ABN).

Department of Industry, Innovation and Science

Apply for an Australian business number

An ABN is a unique 11 digit identifying number that businesses use when dealing with other businesses.В You can apply for an ABN or access and update your ABN details online.

Australian Taxation Office

Australian Business Register

The ABR stores details about businesses and organisations when they register for an Australian business number (ABN).В You can use the Register to identify and verify business information.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Trading: Brokers Reviews
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: