Hi yo-yoInstead of a minimum trade size they could introduce a...

Hi yo-yo

Instead of a minimum trade size they could introduce a fee per trade payable to asic or the government like a gst on trades....

So each time there is a single trade, lets say they have to pay asic or gov $3....this would soon stop those single stupid trades, and our fees would also go up a little per trade but would level the playing field IMO

Or they could scale the fee....if you are a mum and dad invester trading less than 24 times a year you dont pay a fee...example below

24 or less trades per year = $0
25 up to 100 trades per year = $1 per trade
100 or more trades per year = $3 per trade

who in their right mind would buy or sell 5 or 10 or 30 shares when it costs $3 each time....it would slow the bots down a little

whether it would work or not who knows???


cheers