CommSec Pocket Review: Best Australia’s Micro-Investing App | Moneyjacks
What is CommSec Pocket Review?
Well commsec pocket review is a micro- investing platform or so called pocket app where people can invest in very small amounts and it is a very safe and easier investing platform created by Commonwealth bank of Australia in 2017 under the name of commsec pocket app.
CommSec Pocket Review
Australian investors can start their investing journey through this pocket app by simply investing minimum $50 AUD. Investors can trade ETFs of 7(Seven) different type- we will talk more about this, further in this article. ETFs means one stock of 10-20 or 100 stocks collectively as well as stocks in ETFs are sorted according to one category like tech stocks, mining stocks, healthcare stocks and so on.
Main idea for the development of commsec pocket app is to give chance to those people who don’t have much money to invest in share market or they are totally brand new to investing. In comparison with normal commsec app, commsec pocket app is way cheaper to afford
How does commsec pocket app operates/ works?
1. Simply, user need to register on commsec pocket app and create their unique username and password then they need to login in the app. Then user will have around 7 options of ETFs to choose from.
2. User can choose any type of of ETFs for starting their investing journey according to the price of ETFs which fits in their budget.
3. After selecting desired ETFs option user can pay their fees and the amount for ETFs.
4. As soon as payment got cleared, number of ETFs will start reflecting in commsec pocket app account.
Finally….woohooo…. User is no more user … He/She is now a Investor.
Features of commsec pocket
● Investment can be done automatically using a direct debit service in app.
● Over 6 ETFs to choose from as a starting investment.
● It is CHESS sponsored app which gives an ultimate level of security to the investments of investors.
● Brokerage is very less if investor invest over $1000 AUD.
● Commsec pocket maintenance fees is very low even in some conditions its totally free.
What is Commsec pocket Fees?
Well commsec pocket fees is very reasonable, lets live more in actually figures. If investment is under $1000, Commsec pocket only charge $2AUD per trade or purchase of selected ETFs. On the other hand, If investing amount is over $1000, Commsec charge 0.2% of investing amount invested by an investor
