Make smart decisions with Amscot. Let’s talk
Send us a message
Our office
Call us
"*" indicates required fields
Your Questions Answered
How do I open an account?
Head over to this link, where you can view the type of plan to best suit your investing needs…
Is there a charge for entering an order into the market?
No, you are only charged brokerage if a trade goes through.
Under what circumstances will my order be purged from the market by ASX?
Your order may be purged from the ASX market for several reasons: (1) it is a day order that remains unfilled at the end of the trading day, (2) it is a Good-Till-Date (GTD) order that has reached its specified expiry date, (3) a corporate action, such as a stock split or merger, affects the terms of the order, or (4) the stock is suspended from trading or delisted. This list is non-exhaustive, and other factors may also result in your order being purged.
What type of securities can I trade in through amscot?
You are eligible to trade fully paid ordinary shares, company options, exchange-traded bonds, and warrants, as listed on the Australian Securities Exchange and Cboe. Please be aware that trading warrants requires additional documentation, as these derivative products carry significant risks for the client.
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.
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 minimum of $100. This rule does not apply to Sells.