For Aussies: Alternative Australian Share Brokers to Commsec

[dinga]

G'day

 

I am an Australian citizen, presently living in Thailand.

 

Commsec just notified me that it will no longer support my Australian Share/ETF investments as I am not an Oz Resident.  This is very, very disappointing as I've held investments with Commsec for decades.

 

Appreciate suggestions of alternate Brokers who can/will support Australian Non-Residents so I can transfer my holdings

 

Tks

[FriscoKid]

Interactive Brokers

Saxo Bank

Swissquote

[dinga]

20 hours ago, FriscoKid said:

Interactive Brokers

Saxo Bank

Swissquote

Tks - I have an account with IB, so that would be an easy option EXCEPT I'm leery about the complications involving any US dealings.

 

Am leaning towards Tiger Brokers, Spore.  Am happy with the ease of dealings with them and their Trading platform.  Any feedback about TB?

[Lacessit]

I use CMC . They also enable international trades.

 

https://www.cmcmarketsstockbroking.com.au/

[dinga]

9 minutes ago, Lacessit said:

I use CMC . They also enable international trades.

 

https://www.cmcmarketsstockbroking.com.au/

Sadly, seems I don't qualify.....[bl**dy Residential barrier yet again]

 

What are the minimum requirements to apply for a CMC Invest trading account? 

 

To apply for a CMC Invest trading account, the following criteria must be met:

- Must be an Australian citizen or hold a valid Australian visa
- Must be at lease 18 years of age
- Must be residing in Australia at the time of application
- Must have an Australian registered mobile number
- Must have a valid email address

 

[Lacessit]

Just now, dinga said:

Sadly, seems I don't qualify.....[bl**dy Residential barrier yet again]

 

What are the minimum requirements to apply for a CMC Invest trading account? 

 

To apply for a CMC Invest trading account, the following criteria must be met:

- Must be an Australian citizen or hold a valid Australian visa
- Must be at lease 18 years of age
- Must be residing in Australia at the time of application
- Must have an Australian registered mobile number
- Must have a valid email address

 

Good luck with your search.

 

IMO these share brokers are being bloody stupid.

[sikishrory]

On 8/5/2025 at 8:34 PM, dinga said:

G'day

 

I am an Australian citizen, presently living in Thailand.

 

Commsec just notified me that it will no longer support my Australian Share/ETF investments as I am not an Oz Resident.  This is very, very disappointing as I've held investments with Commsec for decades.

 

Appreciate suggestions of alternate Brokers who can/will support Australian Non-Residents so I can transfer my holdings

 

Tks

Atlas Wealth in Qld. Epic. 

[ernji]

I use nabtrade.com.au for my Oz holdings and Interactive Brokers for my US ones, both allow non-resident accounts

[andrisdg]

Last I looked CommSec had no restriction on selling. The regulators banned selling from some overseas countries . Using a VPN I found was a solution 

[Coota]

Bell Direct for me but they don't know I live overseas most of the time, well, nearly all the time.

 

[Thaifish]

@dinga may I ask how Commsec became aware that you are not an Ozzy resident. I use Commsec also. Apologies for being a bit off topic but my accountant set me up to.... may I say...meet the requirements of being an Ozzy resident... so far so good with my arrangement with Commsec and the ATO... Touch wood...

[pdinbkk]

Some of the Singaporean Banks (UOB, DBS) and stock brokers (DBS Vickers and others) can work if you have a decent sized portfolio and are Thai Tax resident (spending more than 180 days in Thailand, and not a US citizen or resident).  Does require you to have a Thai tax TIN.  Otherwise, International Brokers and the like are best (but many don't allow trades on the ASX).

[stag4]

Commsec did the same thing to me after I phoned them Re my account. 

They asked me if I was calling from overseas, then would not allow me to buy, only sell.

I transferred all my holdings to Westpac share trading. 

[Taxi]

Commsec also stopped my ability to buy, on another thread somewhere it was suggested HSBC are good for non residents,but you need to call them as the online application says you need to be in Australia. At lease thats what the poster said, I haven't called them but need to find something. 

[Nemises]

NAB trade. 

I opened an NAB savings account and NAB trading account whilst in Thailand.