Minor improvements to the app
Ratings and Reviews
Additional Monthly fees
To use this app you have to create a Commonwealth account which they charge an additional $4 per month account keeping fee. They don’t waive this for app users/investors or provide the ability to link to your own bank accounts. Just a gimmick to get people to open bank accounts rather than a worthwhile investment option. Not worth it unless they waive the fee.
Update: I managed to get it to work with the CommSec CDIA account which is advertised as being free, so have changed my review. (Hopefully not false advertising). The app looks quite nice & I found it quite easy to place my first trade. $2 per trade seems much more reasonable then $10+.
Developer Response ,
Hi Pruesta, thanks for taking the time to provide feedback.
You can use your existing CBA transaction account or set up a new one. Account keeping fees can be waived if you meet certain criteria. Many of these are fee free, you can find out more here:
Update: Updated to reflect that criteria must be met for fee waivers.
Clean and efficient
Beautifully simple interface - they put a lot of effort into making it an easy and straightforward experience. The basics obviously apply - same risks as any share purchases, overseas results are affected by currency changes etc - but if you want to look at ETFs and a good way to diversify your investment dollars, this is another great app from CommSec.
Investing with a difference
Aimed for young investors but what a great App for all investors where only small amounts can be invested. Very low Broker fee. Would be better with more ETF investment options. Would be excellent if you could invest in selected individual shares.
Up to six family members will be able to use this app with Family Sharing enabled.