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Australian retail investors · CommBank customers wanting CDIA settlement integration · ASX shares and ETF investors

Best suited for U.S.-centric investors and active traders who want a large, bank-affiliated multi-asset brokerage with $0 online listed stock/ETF commissions, strong platform dept…

ASIC AFSL; market participant of ASX and Cboe Australia; clearing participant of ASX Clear; settlement participant of ASX Settlement

SEC; FINRA; SIPC; CFTC; NFA; FDIC

AFSL 238814; ABN 60 067 254 399; Share Direct AR Ref 274819; CBA AFSL 234945

Charles Schwab & Co., Inc. CRD 5393; SEC 801-29938 and 8-16514

Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814; Share Direct Nominees Pty Limited AR 274819; Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945

Charles Schwab & Co., Inc.; Charles Schwab Futures and Forex LLC; Charles Schwab Bank, SSB; Charles Schwab Premier Bank, SSB

No CFD/FX negative-balance-protection regime identified; margin lending can involve margin calls and sale of collateral if obligations are not met.

Not disclosed as retail brokerage negative balance protection; futures/forex are leveraged and losses may exceed initial investment.

No explicit investor compensation scheme found in reviewed official CommSec pages; Australian CHESS/market protections and CBA deposit guarantees, if applicable, require product-specific review.

SIPC protection up to $500,000 including a $250,000 cash limit for brokerage account assets; futures accounts are not protected by SIPC.

Free account opening/no ongoing account-keeping fees; Pocket minimum investment $50; standard ETF minimum $500; margin loan minimum credit limit $20,000; no ordinary share-trading cash minimum disclosed.

$0 minimum for standard U.S. brokerage and IRA accounts; Schwab One International accounts require a minimum deposit but amount is not disclosed in checked official pages.

CommSec is primarily a listed-securities broker; official sources disclose brokerage/fees rather than FX/CFD-style spreads.

Not applicable to this stock/ETF investment broker profile; no CFD/FX spread schedule identified as a core product in reviewed sources.

Australian shares from AUD $5 online/CDIA; Pocket from AUD $2; U.S. international from USD $5 or 0.12%; non-U.S. international market minimums; ETO online from AUD $34.95 plus contract fees

stock_commission: $0 online commission for listed stocks and ETFs; OTC equities $6.95; broker-assisted service charge $25; etf_commission: $0 online commission for listed U.S.-exchange ETFs; options_commission: $0 online base commission plus $0.65 per options contract; futures_commission: $2.25 per contract, per side, for futures and futures options; exchange, regulatory, overnight, NFA, and market-data fees may apply; mutual_fund_commission: $0 on thousands of Schwab Mutual Fund OneSource funds; all other mutual funds up to $74.95 per purchase; bond_commission: New-issue bonds/CDs: $0 online/selling concession included; Treasuries online $0; most other secondary bonds $1 per bond with $10 minimum and $250 maximum; forex_commission: $0 commission; forex trade costs are reflected in the bid/ask spread

No CDIA account-keeping or electronic transaction fees; online transfers/direct debits and CBA ATM withdrawals free; International instant funding AUD $0.00

$0 for funds entering a standard brokerage account; banking deposit services generally no monthly/account minimum fees, but certain services can have fees

CDIA electronic withdrawals free; International ACATS $0; US DRS transfer-out USD $5; DRS/transfer-in fees may apply

No fee for routine withdrawals from standard brokerage per FAQ; full outbound ACAT $50 and outgoing wire $25; Schwab Bank Investor Checking has unlimited ATM fee rebates for cash withdrawals worldwide, subject to conditions.

Inactivity Fee AUD $0.00

$0 annual maintenance/inactivity fee for standard brokerage accounts

Australian and international shares, ETFs, options, warrants, fixed income/bonds, managed funds via margin lending, cash products

Stocks; fractional shares; ETFs; mutual funds; bonds/CDs/fixed income; money market funds; options; futures; futures options; forex; international stocks/ADRs/foreign ordinaries; cash products; annuities; alternatives; crypto ETPs/securities/futures.

Website, CommSec app, CommBank app/Pocket, CommSecIRESS and phone

Schwab.com; Schwab Mobile; thinkorswim desktop; thinkorswim web; thinkorswim mobile; paperMoney

Australian shares, international shares/Plus, options, margin lending, Pocket, minor trust, SMSF, CDIA and Notice Investor

Individual Brokerage; Joint Brokerage; Schwab One Brokerage; Investor Checking-linked brokerage; Futures Account; Global Account; IRAs; custodial, education, trust, estate, organization, and business retirement accounts; Schwab Intelligent Portfolios.

CDIA/NetBank linked transfers, external bank transfer to CDIA, CBA ATM/branch deposits, AUD International Wallet transfers

ACH/electronic transfer/MoneyLink; wire transfer; check/mail check; Schwab Mobile Deposit for checking; direct deposit for checking; account transfer/ACAT; branch/in-person deposit where available.

CDIA transfer via NetBank; CDIA branch/ATM access; international account withdrawals in AUD only

Transfer to linked bank/checking; wire transfer; check; ATM/debit card for Schwab Bank Investor Checking; ACAT outbound account transfer.

T+2 settlement for sale proceeds; access may take one extra business day; international withdrawals settled funds only

Cash moved from brokerage to linked Investor Checking is generally available in seconds, but weekend/after-hours transfers may not be available until the next business day; other withdrawal methods vary/not fully disclosed on checked pages.