Is there a minimum order size required for trades (investing or selling)?
For ASX manual investments, there is a minimum buy size of $500 for the first investment into a share/ETF. This means you may need to allow for a buffer when allocating funds to the order to ensure that it can execute above this minimum. For the following investments into the same share/ETF, the minimum is $100.
For Autoinvest, the minimum per holding is set at $650 to account for potential market fluctuations.
There are no minimums when buying or selling for US investing.
Please note that it is not possible to transfer less than $500 (ASX minimum marketable parcel size) of AU shares between brokers.
Hui Qi Soon
20 February 2021