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Pros

Well-established broker with a long history in the market.
Offers a wide range of services including equity, derivatives, and wealth management.
Provides access to comprehensive research and analysis for institutional clients.

Cons

Primarily focused on institutional clients, which may limit services for retail traders.
Limited information available on trading fees and spreads, leading to potential transparency issues.
Customer service may experience delays, impacting user experience.

CLSA broker Accounts

CLSA Premium Account Type

CLSA Premium offers several types of trading accounts to cater to different trading needs:

  • Standard Account:
    • Suitable for most regular traders.
    • Commission-free trading environment; only spreads are charged.
    • Minimum spreads from 0.6 pips.
    • Premium Account:
      • Designed for cost-conscious traders who prefer commission-based trading.
      • Extremely competitive spreads starting from 0.0 pips.
      • Commission from AUD 3.00 per side on a standard contract.
      • Pro Account:
        • Ideal for professional and experienced traders seeking flexible trading conditions.
        • Offers narrow spreads from 0.0 pips.
        • Commissions on share CFDs from AUD 7 (US shares CFDs from USD 10).
        • Less consumer protections as it requires classification as a wholesale client.

        CLSA Premium Broker Account Opening Process

        To open an account with CLSA Premium, follow these steps:

        • Identity Verification: Prepare the required documents, including:
          • A certified copy of a valid ID (passport or driver's license).
          • Proof of address (utility bill, council rates letter, etc.).
          • Proof of tax residency (letter from tax department).
          • Filling the Form: Complete the account opening form available on their website.

          • Uploading Attachments: Upload the necessary documents in JPEG, JPG, or PNG format, ensuring each file does not exceed 600 KB.

          • Submission: Submit the completed form and documents for review.

          • Approval: Wait for confirmation from CLSA Premium regarding your account approval.

          • For more details, you can visit their official website or contact their customer support.

CLSA accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
CLSA Account