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My trade has been stopped because a deposit is required. What do...

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struggler

4,349 Posts.

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14/12/23

15:54

Post #: 71452768
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Originally posted by butcherboy: ↑

In my first ever case of 'fat finger', I was buying in 100 share increments on the way down, trying to pick the bottom (only $5 brokerage for under $1,000 trades) and part way through this process I set an order at $8.50, fully thinking the SP may drop even further. Anyway, the order was mistakenly placed for 1,000 units instead of 100 and I freaked when I saw the final cost of over $,8,500! Luckily for me I had enough cash in the bank (very lucky there, I have no idea what happens if you default on a CommSec trade (FYI, in case you are used to other brokers, CommSec does not require the funds to be in your account when you make a trade)) and luckily the the SP has rebounded since. I'm a long term investor, not a trader, so I won't be selling for the foreseeable future. Really hoping we can get to $15-$20 post merger.

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My trade has been stopped because a deposit is required. What do I do?

If your trade has been stopped because a deposit is required, all you need to do is transfer sufficient funds into your CDIA account.
The easiest way to transfer funds to your CDIA is to make a deposit from any linked Commonwealth Bank account via NetBank. However, you can also transfer funds from another financial institution.

AKE Price at posting: $10.04 Sentiment: Hold Disclosure: Held
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