Under the ASX’s Operating Rules, the minimum “marketable parcel” (MMP) is $500 for each shareholding (i.e. shares in a single company or security). This rule applies to all CHESS-sponsored brokers, not just SIX.
When you purchase shares in a company for the first time - or transfer shares you already hold with another broker into your SIX account - you’ll need to meet this minimum $500 order threshold set by the ASX.
Exceptions to the $500 MMP requirement
If you hold a marketable parcel of shares in your account, you can purchase more of the same shares with no minimum order size.
If you hold shares in the same company or stock in more than one account, you can transfer a holding below $500 in value if the combined total of both accounts (after the transfer) will be above $500.
When adding funds to your SIX wallet, we recommend you include a buffer to account for share price variation and fees.
SIX’s brokerage costs are $9.90 per trade for trades of up to $9,000. Trades valued over $9,000.00 will have a 0.11% brokerage fee applied instead. There are no fees to join SIX, or when transferring your existing shares to your SIX account.