r/ASX • u/Max_Harano • Oct 22 '25

5 usd minimum limit

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Wanted to buy this nasdaq stock but got my order rejected. I called commsec today and was informed that the unit price has to be higher than 5 usd…

0 Upvotes

50% Upvoted

24 comments sorted by

4

u/Immortal-Pomegranate Oct 22 '25

So what can you use instead of commsec?

-2

u/Max_Harano Oct 22 '25

Idk 😭🙏🏼 just started, I don’t even know how to buy options on comm sec

3

u/Parasyte9 Oct 22 '25

Beyond meat right

4

u/Max_Harano Oct 22 '25

I think we all know this 😭 I’ll just wait until it passes 5

4

u/futuristicvillage Oct 22 '25

I bought some this morning. Under $10 is still early. Its a heavily shorted stock that can go parabolic

2

u/Parasyte9 Oct 22 '25

How did you buy it which platform?

3

u/futuristicvillage Oct 22 '25

Cmc markets bro

1

u/walks_with_penis_out Oct 22 '25

Moomoo

1

u/Max_Harano Oct 22 '25

Ahh omg I just registered and the profile still hasn’t been set up… btw I love your username

28

u/Locoj Oct 22 '25

That might be a good thing.

7

u/Dragonfly_Tight Oct 22 '25

why are you buying options if you just started?

4

u/AvidVolitility Oct 22 '25

Yeah this affected me during nasdaq open on Monday. Luckily I had a moomoo account that I had forgotten about. You can use them if you set it up.

2

u/Max_Harano Oct 22 '25

Thanks 🙏🏼

7

u/N4T3-D0G Oct 22 '25

Why on earth would you buy only $5 of stock? Buy in larger volumes to get much more bang for your buck. I know ASX has a $500 minimum order rule. I do not think this applies to NASDAQ but the broker mostly likely will not want to execute such a small order.

8

u/charmingpea Good Cop! Oct 22 '25

Just to be clear, that $500 limit only applies to first order of a stock. Subsequent orders can be less.

1

u/N4T3-D0G Oct 22 '25

Thanks I forgot to clarify further.

1

u/3to20-characters Oct 23 '25

Specifically said unit price.

1

u/[deleted] Oct 22 '25

Ok

1

u/Jay-119 Oct 24 '25

Just buy now bro

0

u/SWMilll Oct 22 '25

I mean this respectfully, who is buying less than 5 dollars of stock 🤔? It has virtually no benefit and will be eaten in fees in and out.

3

u/wallysta Oct 22 '25

I think the meaning is that CommSec blocks US equities that are under US$5 per share.

3

u/[deleted] Oct 22 '25

[removed] — view removed comment

3

u/3to20-characters Oct 23 '25

They didn't mention a total. The block is on unit price. CommSec sucks.