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How to invest in International Share Markets. Most Australian investors have most of their assets in Australia. Given that we Aussies love bricks and mortar we tend to have a high proportion of our assets in housing with the primary residence comsec international share trading account being the largest asset.

Most middle class investors also have negatively geared property and some even have property in their SMSF often representing a large or too large? The percentage of non Australian assets tends to be very small. This tends to make sense when the Australian share market outperforms other comsec international share trading account markets AND the Australian Dollar appreciates against most comsec international share trading account currencies. It makes sense to start with liquid, developed capital markets and the US stands out in this respect.

Reporting standards are strict and companies have to report on a comsec international share trading account basis in comparison to Australia that only requires profit reporting on a bi-annual basis. The US also is very strong in comsec international share trading account that Australia lacks. And these are exactly the sectors where the US equity market excels.

These are the sectors promising above average profit growth. So an Australian based investor really should comsec international share trading account at overseas markets and probably start with the US.

But how do you go about it? Most medium sized Australia share brokers do not offer dealing services overseas. The larger bank owned brokers usually over share brokerage in overseas markets and often overseas investment can be done from the same share trading account as Australian equities.

So if you already have an account with ComSec or NAB this would be the most convenient way to establish overseas equity exposure. However, fees comsec international share trading account a bit on the high side.

The fees charged are obviously brokerage not that cheap and often nominee fees if you trade only infrequently. Nominee fees are charged for the cost incurring to a custodian holding your overseas shares on your behalf as you usually do not receive share certificates any more.

The major costs most often not well understood by the investors are foreign exchange costs. As you are Australia based, most of the time the funding of your account will be in Australian Dollars whereas the purchase of foreign shares has to happen in the foreign currency, be it US Dollars, Euros, British Pound or any other currency.

Usually the bank owned broker does not charge a brokerage for currency conversion, e. Doing this for AUDwould cost the investor a spread difference between buy and sell of 0. Looking at the fee page of NAB the spread is quoted as 0. The brokerage is, again using NAB as an example, 0.

These fees really can add up. In order to cut cost you could go straight to the US, for example, and find a local discount broker there. You would have to fulfil all local compliance requirements. The smaller brokers would not have a multi currency facility and as such you would have to do again a transfer using your local bank, again paying significant currency conversion fees.

The broker will need an Australian Financial Services Licence, will then be regulated by ASIC, will need Professional Indemnity insurance and be member of an external dispute resolution scheme. Clients funds held must be segregated from company funds so that they stay secure in case of a default of the broker. We prefer using an Australian based and registered international broker and can recommend some to interested investors.

The brokerage charged starts at USD 1. The spread is an institutional spread of usually one pip with a relatively small FX conversion brokerage starting from USD 2. Our counterparties have various trading platforms for PC or mobile and 24 hrs support.

We can help with account opening and running you through the order platform to make sure your first orders go through smoothly.

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Commonwealth Securities , also known as CommSec , is Australia's largest online stockbroking firm operated by the Commonwealth Bank of Australia. It offers a telephone based brokerage service and advisory service, though its Internet trading platform constitutes the vast majority of its business. The brokerage arm started operations in and launched its share trading website in CommSec initially offered only Australian equities trades, but has since expanded into derivative products , international equities, managed funds , self-managed super fund SMSF administration, contracts-for-difference CFDs , margin lending and short-term deposits.

The firm's large retail customer base has also allowed it to successfully market a number of initial public offering IPO fund raisings. In CommSec became the first Australian brokerage firm to offer a brokerage website specifically designed for a portable-device. CommSec has retained and increased its already significant market share in retail broking through both CBA's acquisition of other banks and its own acquisition of other broking firms.

CommSec's primary channel for customers is its website. The website provides static information that can be refreshed for updates on the frequently changing markets. IRE and based on the Java runtime environment. This platform combines the majority of the features of the website, while adding more advanced features and streaming live data from the Australian Securities Exchange.

CommSec also offers phone-based trading through its call-centre, advisory service and the automated voice recognition platform PhoneTrader formerly Voice Broker.

In CommSec diversified into the short term deposit sector with the introduction of its Cash Management product. The CCA is the source of funds for stock trading and also an everyday transaction account, with a linked debit MasterCard.

From Wikipedia, the free encyclopedia. Commonwealth Securities CommSec Type. Retrieved 4 December Archived from the original PDF on 5 October Archived from the original on 21 October Archived from the original on 5 October Archived from the original on 26 September Archived from the original on 3 March Retrieved 30 June See Former executive leadership of the Commonwealth Bank. Retrieved from " https: Financial services companies based in Sydney Commonwealth Bank.

All articles with dead external links Articles with dead external links from August Articles with permanently dead external links Use Australian English from October All Wikipedia articles written in Australian English Use dmy dates from December Pages using infobox company with unsupported parameters.

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