If you are an Australian investor who holds shares or securities, you may have a demat account with an Australian broker. Checking your demat account is a straightforward process that can be done online. Here are the step-by-step instructions on how to check your shares in a demat account in Australia:
Step 1: Log in to Your Broker’s Website
Visit the website of your broker and enter your login credentials, including your user ID and password. If you haven’t registered yet, you’ll need to do so first.
Step 2: Navigate to Your Portfolio
Once you’ve logged in, navigate to the “Portfolio” or “Holdings” section of your account. This section will contain a list of all the shares and securities you hold in your demat account.
Step 3: Check Your Holdings
In the “Portfolio” or “Holdings” section, you’ll see a list of all the shares and securities you hold in your demat account. This will include details such as the name of the security, the quantity of shares you hold, the ASX (Australian Securities Exchange) code, and the current market value.
Step 4: Check Transaction History
If you want to view your transaction history, including purchases and sales of shares, navigate to the “Transaction History” section of your account. Here, you can view details such as the date of the transaction, the quantity of shares bought or sold, and the price at which the transaction was executed.
Step 5: Download Statements
If you want to keep a record of your holdings and transaction history, you can download statements from your broker’s website. These statements will contain details of all your holdings and transactions, and can be downloaded in PDF format for future reference.
In summary, checking your shares in a demat account in Australia is a simple process that involves logging in to your broker’s website, navigating to the “Portfolio” or “Holdings” section, and checking your holdings and transaction history. Remember to keep a record of your transactions by downloading statements from your broker’s website.
Here are some additional details for Australian investors:
- It’s important to note that demat accounts in Australia are also known as CHESS (Clearing House Electronic Subregister System) accounts. CHESS is the electronic system used by the Australian Securities Exchange (ASX) to manage share registries and transfer ownership of shares and other securities.
- When you buy shares in Australia, they are typically transferred into your CHESS account, which is linked to your broker’s account. This means that you do not physically receive share certificates, as they are held electronically in your demat account.
- In addition to checking your holdings and transaction history, you can also use your broker’s website to place buy and sell orders for shares and other securities. This can be done through the “Trading” or “Orders” section of your account.
- If you have any questions or concerns about your demat account, you can contact your broker’s customer service team for assistance. They can provide guidance on how to use your account, as well as help with any technical issues you may encounter.
- Finally, it’s important to keep your login credentials and other account information secure. Make sure to choose a strong password and enable two-factor authentication if your broker offers it. Additionally, be cautious when sharing personal information or responding to emails or phone calls that ask for your account details.
Can some hack me Demat Account?
While no system is 100% secure, it is unlikely that someone can hack into your demat account if you take appropriate security measures. The demat account system uses high-level encryption and other security measures to protect your account information and transactions. However, there are some steps you can take to reduce the risk of your account being hacked:
- Use Strong Passwords: Ensure that your password is strong and includes a mix of uppercase and lowercase letters, numbers, and special characters. Avoid using the same password for multiple accounts.
- Enable Two-Factor Authentication: Enable two-factor authentication on your demat account, which provides an additional layer of security. This means that in addition to entering your password, you’ll need to enter a code that is sent to your mobile device or email address.
- Keep Your Login Credentials Secure: Do not share your login credentials with anyone, and avoid writing them down or saving them in an unsecured location. Change your password regularly.
- Be Cautious of Phishing Scams: Be careful when responding to emails or phone calls that ask for your account information or personal details. Do not click on links or download attachments from unknown sources.
- Use Up-To-Date Software: Keep your computer and mobile devices up-to-date with the latest operating system and security updates, and use reputable antivirus and anti-malware software.
If you suspect that your demat account has been hacked or compromised in any way, contact your broker’s customer service team immediately to report the issue and take appropriate action.