Options Trading

Clients of ESUPERFUND are permitted to trade Options with their SMSF. 

Which Broker must I use to Trade Options

All Options Trades must be executed using the CommSec or EBROKING Trading Platforms depending on which Broker your SMSF is using to trade Australian Shares.  That is if you are currently trading Australian Shares with CommSec then you must trade Options using the CommSec Trading Platform.  Alternatively, if you are currently trading Australian Shares with EBROKING then you must trade Options using the EBROKING Trading Platform

Applying for an Options Account

Once your SMSF has been established by ESUPERFUND, you can apply to establish an Options Trading Account with CommSec or EBROKING, depending on which Broker your SMSF is using to trade Australian Shares. 

When can I start Trading Options

When you apply to establish an Options Trading Account, ESUPERFUND will forward to you a prepopulated Options Trading Application for signing.  On returning the prepopulated Options Trading Application sent to you for signing, your Options Trading Account will be established by the selected Broker.  Details of the Account Setup will be provided to you directly by CommSec or EBROKING on the Account Setup.  The process can take 1-2 weeks to finalise.

Brokerage Rates

The Brokerage Rates for the Commsec and EBROKING Trading Platforms vary and should be considered carefully prior to making your Broker choice.  Brokerage Rates can be found here.

Only you can transact and access the Options Account

Importantly ESUPERFUND has absolutely no ability to enter or transact on either the CommSec or EBROKING Options Trading Platform.  Only you as the SMSF Trustee can login and transact on the Options Account.  This gives you total peace of mind that your Super Benefit is totally secure. 

Accessing information by ESUPERFUND

At the end of each financial year, both CommSec and EBROKING will send to ESUPERFUND an annual data file of all your SMSF Options Trades and Transactions.  This enables our office to attend to your SMSF's annual compliance obligations.  No records are required from you each year as we already have access to the data.  It is important to understand that only electronic data files are provided to ESUPERFUND.  As detailed above we have absolutely no access to your Account and cannot actually login to your Broker Options Trading Account to access the required data.

Avoid Audit Issues

One of the common errors identified by the ATO is clients establishing Broker Accounts in their personal name and not the name there SMSF resulting in ATO compliance issues.  By establishing the Options Broker Account for your SMSF we ensure that the Options Trading Account is setup correctly.  This ensures that ATO compliance issues and associated penalties are eliminated and that all Options Trading Accounts setup by ESUPERFUND are compliant with Super Regulations.

ESUPERFUND provides No Investment Advice

ESUPERFUND do not provide Investment advice and cannot advise you on which Options to purchase or sell in your SMSF.  You as the Fund Trustee are responsible for making all Trading decisions for your  Fund, based on your SMSF's particular financial situation and needs.

CommSec Account Queries

If you have any queries about your CommSec Options Account please contact CommSec on 1300 650  675. This is a dedicated number for ESUPERFUND Clients separate to the retail division of CommSec, giving you priority service. Please do not contact ESUPERFUND directly in relation to queries about your CommSec Options Account as unfortunately we will be unable to assist you with your queries.

EBROKING Account Queries

If you have any queries about your EBROKING Options Account please contact EBROKING directly on 1300 557 561.  This is a dedicated number for ESUPERFUND clients giving you priority service.  Please do not contact ESUPERFUND directly in relation to queries about your EBROKING Options Account as unfortunately we will be unable to assists with your queries.

Derivatives Risk Statement

Clients who trade Options for their SMSF must prepare a Derivatives Risk Statement in accordance with current Superannuation Laws.  The Derivatives Risk Statement details the reasons for the use of derivatives by the SMSF, along with an analysis of the risks involved within the SMSF Investment Strategy.  A Proforma Derivatives Risk Statement can be found here which you can adopt or modify as required for your SMSF.

Apply Now

To apply to establish an Options Trading Account click here.