What is a CommSec International Shares account for SMSFs?

Features & benefits

Trade without a foreign bank account

Buy and sell international shares using Australian dollars, with foreign currency exchanges conducted on your behalf on an International Wallet included with your International Shares account.

Invest in companies beyond the ASX

Access the world's largest companies in 13 global markets. Plus, invest smaller amounts in global companies with fractional shares.

More flexibility for regular traders

Regular international traders can switch to a CommSec International Plus account to access more flexibility in multi-currency wallet, additional order expiry and self-managed FX conversions. 

Manage your SMSF investments with one account

Settle trades directly with your SMSF CDIA linked to your CommSec International Shares account. Plus, enjoy competitive interest rates with no account withdrawal fees.

How it works

Before opening a CommSec International Shares account for your SMSF, you'll need a CommSec Australian Shares account under your SMSF.

Once you've opened a CommSec International Shares account for your SMSF, you'll need to fund your International Wallet (included with the account) before you can trade.

Fund your SMSF's CDIA

Transfer funds in Australian dollars (AUD) to your SMSF's CDIA.

Fund your International Wallet

Transfer funds (AUD) from your SMSF's CDIA to your International Wallet.

Place your trade using the funds in your International Wallet

Brokerage fee applies per trade, based on the market that you're trading in. Foreign exchange fees apply on currency conversions.

Rates & fees

Opening a CommSec International Share Trading Account is free and there are no ongoing account-keeping fees.

Share market
Cost (whichever is greater)
United States
USD $5 or 0.12%
Canada
CAD $40 or 0.40%
United Kingdom
GBP £12 or 0.40%
France, Germany, Italy, Netherlands
EUR €12 or 0.40%
Hong Kong
HKD $130 or 0.40%
Foreign Exchange (FX) fee1,2
0.55%

Access 13 global markets, over 30 years of experience

Track and manage your SMSF portfolio with seamless integration between the CommBank app and the CommSec app. Access market news and insights from CommSec, Australia's leading online broker with 30 years of experience, to help you stay informed about your SMSF investments.

How to apply

You need a CommSec Australian Shares account under your SMSF before opening a CommSec International Shares account for your SMSF.

Don't have a CommSec Australian Shares account for your SMSF?

To open a CommSec Australian Shares account for your SMSF online, you'll need:

  • Your SMSF name, Australian Business Number (ABN) and Tax File Number (TFN)
  • Your company name, business address and Australian Company Number (ACN) if you have a company trustee
  • Full names, contact details and date of birth for all trustees or directors
  • A valid, non-expired photo ID (e.g., Australian Driver's Licence, Passport or Medicare card) for each trustee or director

Once you've opened a CommSec Australian Shares account for your SMSF, you can open a CommSec International Shares account.

Note: By opening a CommSec Australian Shares account, you'll also open a CDIA for your SMSF.

Open now

Already have a CommSec Australian Shares account for your SMSF?

Log on to CommSec and follow the prompts to open a CommSec International Shares account.

You'll also need the following to open an account:

  • Your CommSec credentials, such as your client ID and password
  • Your SMSF CDIA and Australian Share Trading Account details
  • Your SMSF and trustee details as reflected in your trust deed, including your SMSF's ABN
  • A valid, non-expired photo ID (e.g., Australian Driver's Licence, Passport or Medicare card) for each trustee or director
  • Your Tax File Number (optional)

Log on to CommSec

Frequently asked questions

Yes, you'll need a CommSec Australian Shares account linked to a CDIA before you can open a CommSec International Shares account. Both CommSec Australian Shares account and CDIA needs to be held by your SMSF.

  • A CDIA is a cash management account that is linked to your SMSF CommSec trading accounts.
  • It acts as an investment wallet, allowing you to pay for or receive money from your trades. You can also receive SMSF contributions, pay expenses and facilitate drawdowns with your CDIA. A CDIA also provides you with discounted online brokerage and real-time fund transfers.
  • To open an International Shares account, you'll first need to open a CDIA and CommSec Australian Shares account under your SMSF.

With a CommSec International Share Trading Account, your SMSF can access 13 international markets including:

  • United States
  • Canada
  • United Kingdom
  • Japan
  • Hong Kong
  • Singapore
  • Germany
  • France
  • Netherlands
  • Italy
  • Switzerland
  • Sweden
  • Norway

Your international trades are funded by your International Wallet. Before placing your first trade, you'll need to transfer funds into your International Wallet.

To transfer funds to your International Wallet:

  1. Log on to CommSec app using either your CommSec or NetBank ID and password
  2. Tap Portfolio, then tap on your CommSec International Shares account
  3. Tap on Transfer funds
  4. Enter the amount you'd like to transfer in Australian Dollars (AUD)

You can use the CommSec app to trade, view and manage your SMSF CommSec International Shares account.

To view your SMSF accounts in the CommSec app, log on to your CommSec app (make sure you have the latest version) and tap Portfolio on the bottom of the screen to access your shares portfolio. 

  • W-8 forms are required to set up an International Shares account. This is a US Internal Revenue Service (IRS) form that allows foreign investors to declare their tax residency, which may allow them to claim tax treaty benefits relevant to their country of residency, including a reduced rate of withholding tax.
  • Upon opening a CommSec International Shares account, you will be prompted to complete a new W-8 form if your existing W-8 form is invalid or expired.
  • A valid form is required before placing your first international trade, even if you're not planning to trade in the US market.

For more information on W-8 forms, refer to the W-8 hub on CommSec.

More ways to manage and invest your SMSF

SMSF Cash Management

Commonwealth Direct Investment Account (CDIA)

Manage contributions, expenses and investment settlements through a dedicated SMSF cash account.

Learn more

SMSF High Interest Savings

SMSF Saver

Earn a high return on your SMSF savings while keeping instant access to your money whenever you need it.

Learn more

Local market shares & ETFs

CommSec Australian Shares Account

Invest in 2,000+ Australian companies and ETFs listed on the Australian Securities Exchange (ASX).

Learn more

We're here to help

Contact CommSec

Call 13 15 19 Monday to Friday, 8am-6pm (Syd/Melb time)

Things you should know

SMSFs are complex and involve legal, administrative and compliance responsibilities. SMSF trustees (or directors of a corporate trustee) are responsible for managing the fund and ensuring it complies with all applicable requirements such as superannuation, tax and trustee obligations.

This information may include general advice but does not take into account your individual objectives, financial situation, needs or tax circumstances, and so you should consider the appropriateness of the advice having regard to your circumstances before acting on it. You should consider seeking independent professional financial, tax and/or legal advice before making any decision based on this information.

CommSec products

Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and TMX Australia Exchange Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.

The Commonwealth Direct Investment Account (CDIA) and CommSec Notice Investor are issued by Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. These products are administered by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The target markets for the CommSec Notice Investor and Commonwealth Direct Investment Account can be found within the products' Target Market Determination, available at https://qar90.com/tmd.

You can view the CommSec Notice Investor Terms and Conditions, CommBank Transaction, Savings and Investment Account Terms and Conditions and Financial Services Guide on the CommBank website, and should consider them before making any decision about these products and services.

You can view the CommSec Share Trading Terms and Conditions, Best Execution Statement, and our CommSec Financial Services Guide and should consider them before making any decision about these products and services.

You can view the International Shares Terms and Conditions and our CommSec Financial Services Guide and should consider them before making any decision about these products and services.

Investing in overseas markets exposes you to risks including those related to movements in foreign currency exchange rates and market prices.

1 The FX fee is charged per currency conversion. Currency conversions are automatically performed for each trade unless the Plus feature enabling the foreign currency wallet has been activated and there are sufficient funds in the local currency to settle the trade.

2 For currency pairs that cannot be directly converted, an intermediate conversion to USD or another eligible currency will be necessary to facilitate the currency conversion. You will be charged FX fees for each leg, which is each individual currency conversion necessary to obtain the required currency pair conversion.

†Interest rates are subject to change. Only available for accounts set up as a Self-Managed Super Fund (SMSF) where customers have applied through CommSec, or as agreed with a Private Banker at the time of account opening or upon your request.

SMSF Saver

Eligible CommBank transaction account can be an eligible Commonwealth Direct Investment Account (CDIA) or Private Bank Account (PBA) held by your self-managed superannuation fund. If you don't have an existing eligible transaction account, you will need to open a CDIA or PBA under the same name as your SMSF.

The Bank is authorised under the taxation laws to collect an Australian Business Number (ABN) or an exemption code. It is not an offence if you don't provide a TFN, an ABN or an exemption code, but by law, we may be required to withhold a portion of your interest earned on the account.

The target market for this product will be found within the product's Target Market Determination.

Please view our Financial Services Guide (PDF). Full terms and conditions for the transaction and savings accounts mentioned (PDF) and Electronic Banking (PDF) are available here or from any branch of the Commonwealth Bank.