Has anyone else noticed that Commsec is offering up to $600 in free brokerage for people who open a new account? There's some catches in the fine print - it's not payable on daytrades etc, but I thought it might come in handy for those who only have a little to invest.
cheers
Mouse
dj_420
16th-February-2007, 12:39 PM
i should open up a new account with them, that would be a handy saving!
llcede
16th-February-2007, 03:14 PM
can't find that free brokerage offer... :confused: please can you give a web link? thanks.
alankew
16th-February-2007, 03:18 PM
Go to commbank home page and it is there. When you apply you must write COMM04 (think this is correct so please check) on front of application form.
Mouse
16th-February-2007, 03:26 PM
Here's the link :)
http://www.commbank.com.au/
cheers
Mouse
PhoenixXx
16th-February-2007, 03:34 PM
I received the offer from Smart Investor Jan issue.
But that expired on Jan 31st. So now they extend it?
Anyway, just write the promotion code (in my case it was COMM03, this one might have expired) on your declaration form. If you don't write the promotion code, your account won't include the introductional offer (ie $600 free broker fee)
llcede
16th-February-2007, 03:35 PM
I received the offer from Financial review Jan issue.
But that expired on Jan 31st. So now they extend it?
Anyway, just write the promotion code (in my case it was COMM03, this one might have expired) on your declaration form. If you don't write the promotion code, your account won't include the introductional offer (ie $600 free broker fee)
Thanks a lot... cheers.
BIG BWACULL
16th-February-2007, 04:05 PM
If its anything like the Etrade one i got with $550 free brokerage charged a $50 per trade thats 10 free trades with i think 2 months to use them before they expired, of coarse i used them all :D It got my foot in the door with minimal cost
now they charge 32.95 What a rip :banghead: , makes you think more about the trades you make. Use them wisely.
greggy
16th-February-2007, 04:23 PM
If its anything like the Etrade one i got with $550 free brokerage charged a $50 per trade thats 10 free trades with i think 2 months to use them before they expired, of coarse i used them all :D It got my foot in the door with minimal cost
now they charge 32.95 What a rip :banghead: , makes you think more about the trades you make. Use them wisely.
I used up my ETrade offer very quickly as well. It was an extra nice feeling trading stocks for a while without having to pay any brokerage. Now its back to reality.
DYOR
Fab
16th-February-2007, 04:29 PM
What about existing customers are they taken for granted and not offered anything? Did anyone enquire about it?
clowboy
17th-February-2007, 08:45 AM
Well I actually applied after they announced that offer and still didnt get the free brokerage. I sent them an email about it and they replied, We can not give account specific answers via email. It is only for new clients. Query closed. Thank you.
So when a new applicant still gets jiped, good luck getting the free brokerage as an exsisting client.
barney
17th-February-2007, 09:23 AM
Well I actually applied after they announced that offer and still didnt get the free brokerage. I sent them an email about it and they replied, We can not give account specific answers via email. It is only for new clients. Query closed. Thank you.
So when a new applicant still gets jiped, good luck getting the free brokerage as an exsisting client.
City Index (Ex Green CFD) were offering a similar offer (free trading for X amount of time) to new clients ....... I am an existing customer, so sent them an email asking whether they might consider "looking after" their current clients .......... No response whatsoever ............ I now do most of my CFD trading through IG who have better rates anyway .........
Fab
17th-February-2007, 11:25 AM
City Index (Ex Green CFD) were offering a similar offer (free trading for X amount of time) to new clients ....... I am an existing customer, so sent them an email asking whether they might consider "looking after" their current clients .......... No response whatsoever ............ I now do most of my CFD trading through IG who have better rates anyway .........
Thanks how easy is traing with IG market? I am new to CFD and looking into it. I open an account with IG market but not activated yet. My account is without automatic stop loss.
barney
17th-February-2007, 11:35 AM
Thanks how easy is traing with IG market? I am new to CFD and looking into it. I open an account with IG market but not activated yet. My account is without automatic stop loss.
No probs with IG ...... just need to put some cash in your account and the rest is straight forward. I only use regular stop losses, but keep my position sizes sensible relative to the cash on hand ...... All the info you need is on their platform pages ..... Cheers.
mcostalos
17th-February-2007, 05:37 PM
Join CommSec by 31 March 2007 and receive up to
$600 in free brokerage*
There’s never been a better time to become a DIY share investor with CommSec. If you open a new account before 31 March 2007, you’ll receive up to $600 in free brokerage on your first 12 share trades.*
Learn More...
Become a DIY investor Today, more Australians† are investing in shares than ever before - and it’s easy to see why:
The sharemarket has offered better long-term returns than most other investments.
Unlike property, you don’t need a large deposit - and you don’t have to pay stamp duty or legal fees.
You can usually sell shares and access your money in a few days.
You can start investing with as little as $500, plus brokerage.
If you’d like to start investing in shares, CommSec makes it easy to do it yourself. Our free research tools take the hard work out of finding investments. And when you’re ready to trade, you’ll enjoy outstanding customer service from the winner of the 2006 Smart Investor award for exceptional service.
†Australian Stock Exchange Share Ownership Study 2005.
Why choose CommSec share trading?
Don’t miss this CommSec offer. Apply Now.
How to apply?
To be eligible you must write COMM04 in bold on the top of the form you send to CommSec.
Rainmaker
27th-April-2007, 12:18 PM
If you are an existing customeer, couldn't you just "cancel" your account and then sign up again ?
How long did it take for COmmSec clients to get your account active from the date you sent in your application?
Tech_king
27th-April-2007, 12:37 PM
It does suck being an existing client at times!
You think they would offer us something like that from time to time.
