I'm currently in the process of opening up a Commsec account.
They no longer have the CDIA account, now it's just a (i)cash management account and a
(ii) share trading account.
I'm a bit confused as to why there are 3 accounts in total, as the cash management account has two linked accounts; the cash account and the "commsec investment account".
Also margin lending; will they let me have margin lending if my opening balance is only around 10K? The minimum margin loan is 20K which is double my opening balance.
Anyone have anything they could add?