is commsec a stockbroker or forex broker?

@patrinova_athenia - 7 months ago - Forex Brokers

Hello from this side of the world!, Today i want to find out about the trading platform called commsec which is very popular here in Australia. Anyone traded with commsec, are they into stocks or forex?

@george_kramer - 7 months ago

Commsec is a stockbroker and a securities dealer licensed and registered by the Australian Securities & Investment Commission (ASIC) with AFSL Number 000238814 and securities dealer number 000154297.

Commsec is not a forex broker because you cannot trade currencies with them. Commsec only allows you to buy and own real shares (australian and international), etfs, options, fractional shares, fixed income, warrants.

Commsec is actually a trading name of a company called Commonwealth Securities LTD who are also owned by the Commonwealth Bank of Australia.

If you want to trade forex commsec is not the place, rather you should consider ASIC regulated forex brokers like CMC Markets, eToro etc.