1. When you login to your SIX account you’ll be taken directly to the app’s Dashboard. We’ll buy shares shortly, but first we need to add some money to our wallet. If you've already topped up your wallet, move on to step 3.
2. To fund your Wallet, click the Wallet tab on the left hand side, where you'll find the option to Add funds. You can use either the PayID or BSB/Account Number to transfer funds from your personal banking app to your SIX Wallet. PayID payments will occur more quickly than BSB/Account Number (you may need to refresh the screen to see the funds!). Remember, the ASX sets an initial minimum buy-in of $500 for any company. Minimum trades are almost never exactly $500, so it’s helpful to transfer a bit more than this amount.
Need more guidance? Read the step by step guide to fund your wallet here.
3. Now that you have some money in your Wallet, you can buy your shares! Select the shares you wish to buy by navigating to the Trading tab. Here you will see Trending ETFs that you can filter by clicking through our ethical tags. If you already know what you want to buy, you can also use the search bar in the top right hand corner.
4. Select the share or ETF you wish to buy and click Buy.
5. When you select ‘Continue’, it will take you to your ‘Buy Order’ page. There are two types of ways to buy shares: a Market order and a Limit order. Market Orders are typically used when the Market is open and shareholders want their order to be processed quickly. The share price when you submit a Market order is based on the current market price. Limit Orders lets shareholders select the price they want to pay for the order. Limit Orders may take longer to be fulfilled and will usually expire within 7 days. Once you’ve selected your option, you can review your trade.
7. This is the final review of your Buy Order, where you can check it’s all correct. Once you hit ‘Submit Order’, your Buy Order will have gone through and now we wait for it to be filled.
8. Success! That’s all for now. You will receive a Contract Note in your email inbox when your purchase of shares has been finalised (this can take a few days depending on your order type). You may also receive a letter from the company you've bought shares in.
Once your trade has processed you can view your purchase in your Portfolio.
