What is the minimum trade value I can buy?
Minimum trade value
The minimum marketable parcel you can place on our platform is $500 on new holdings (excluding brokerage) as per ASX and NSX rules as our users use their own HINs rather than a pooled account.
If you already own shares say $1000 of Company A you can buy or sell Company A shares in portions that are below the $500 value.
e.g. buy $100 of Company A to increase your holding's value to $1100 or sell $100 of Company A to decrease your portfolio value to $900.
If you did not already own shares in Company A you would have to buy a minimum of $500 (excluding brokerage).
Maximum trade value
The maximum trade value you can place before being referred to a Designated Trading Representative (DTR) for manual review is $100,000 on the ASX (this limit can be increased, please contact support for more details). This does not cause significant delay, but rather involves human intervention to check against factors such as available cash, before placing the order in the market.
At this stage, there is no direct-to-market orders for the NSX due to liquidity and pricing spreads, as such all NSX orders go to a DTR for prior approval.
Minimum holding period
There is no minimum holding period for shares so you may buy and sell the same holding on the same day.
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