Our comprehensive suite of investing services
Investing with Amscot gives you access to both our phone and online trading services. Powered by Iress ViewPoint and requiring only an internet connection and web browser, ViewPoint is tailored for various types of investors, providing top-quality share market and wealth management solutions in Australian markets.
Amscot Advisor Services offers third-party equities trading, clearing, and settlement services for AFSL holders. By streamlining back-office tasks, we enable you to enhance client relationships and create a cost-effective wealth management solution.
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Your Question Answered
What is Straight Through Processing?
Straight Through Processing (STP) enables you to enter orders into the stock market without manual intervention, subject to specific filters. Orders should be placed with caution, as breaches may lead to review or rejection.
How long does settlement take?
Once your order has been executed, it will generally settle on a T+2 (Trade + two business days) basis. Please ensure you have sufficient funds available on settlement day to avoid fees.
How long does my order last?
The default lifetime, ‘Date’, on the ASX is 45 business days. However, your order may purge if the stock has gone ex-entitlement, stock has suspended or there is a reconstruction.
Is there a minimum sized order?
The minimum marketable parcel you must purchase, excluding brokerage, is $500 if you do not already own shares in the security. Following that, you can grow your stake by buying shares for less than $500. This rule does not apply to Sells.
What time can I place orders?
Trades during Pre-Open phase may be entered/amended/cancelled, but no executed. Regular trading occurs during Market Open phase between 10:00am-16:00pm (AEST). During Pre-CSPA, same rules apply as Pre-Open. There are other phases until Pre-Open, however, no trades may be entered into the market.
How do I place an order?
This depends on your type of plan. Phone plans will need to call the Amscot Team and we will assist you by providing market information and executing the order for you. With Iress plans, there are a few options. The easiest way to trade is through the ‘Quick Trade’ widget.