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Originally posted by twosips14
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Is there a minimum amount to start buying ASX shares?A$500 (excluding brokerage) when purchasing shares in any ASX-listed security for the first time. This is known as the ‘Minimum Marketable Parcel’ (MMP) of shares. If you sell all your shares in a company and later decide to buy into it again, this buy order will again be subject to the MMP rule.The MMP applies to all CHESS-sponsored trades. If you have an account with another platform that does not require an initial A$500 minimum order for each security, they may be operating on a Custodial model, where all your shares are linked to the broker’s HIN. A$20 , this is to ensure that orders always meet market integrity rules.Please note, this rule does not apply to sell orders.
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Yep, one rule for them and a different rule for us.
