The minimum Buy Order of $500 is required for new securities in your portfolio, unless you already own $500 worth of that particular stock.
No minimum buy order if you already hold securities of the same company in your portfolio.
I.e Once you own $500 worth of a particular holding, you can add smaller amounts incrementally to the parcel.
Note: This is within ASX rules that marketable parcels must be bought in a minimum of $500 in value. There is no minimum for a Sell Order.
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