Important changes to CommSec trading limitsThe limits on trades...

Important changes to CommSec trading limits

The limits on trades without a cash deposit are changing from 04 September 2021.In light of recent market volatility, CommSec is changing trading limits to help protect our customers and minimise risk associated with investing and settlement.

What are trading limits?
To facilitate timely market access, CommSec provides trading limits to allow for orders to be placed to a certain value without a cash deposit. The limits apply to the total amount of outstanding buy orders or unsettled buy transactions on your account.

There are no changes to trade settlement requirementsYour obligations on settlement date, typically two (2) business days after your buy order has been executed (T+2) does not change. Sufficient funds are required in your CDIA or nominated settlement account on the morning of your buy trade settlement.

What are the changes to trading limits?
From Saturday, 04 September 2021, the trading limit will be reduced to $5,000 for leading stocks.
Non-leading stocks will be reduced to $1,000.

Our current list of leading stocks can be found here (non-leading stocks are any stocks not included on this list).Why are the trading limits changing?At CommSec, we’re continually reviewing our processes to ensure our service offering is tailored to meet the changing needs of our customers and market conditions. We’ve decided to change these limits to simplify our service and minimise risk associated with investing and settlement.