Share trading limits on ASX? - Aussie Stock Forums

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  1. #1

    Question Share trading limits on ASX?

    Hello all,

    I'm a US citizen working in Singapore wanting to trade shares on the ASX. I'm currently with Interactive brokers and have already gotten authorization to trade ASX shares. I cant trade SGX equities through IB, only futures. Local equities brokers want to charge an arm and a leg for commission (cheapest I could find is $28 / round trip).

    My question is are you limited to a certain number of day trades per day/week on the ASX?

    In the US, if you have an account funded with less than $25k you can only make 3 day trades per 5 rolling business days. Are there any rules similar to this? Thanks for the help.

  2. #2
    Can be found on the bid Trembling Hand's Avatar
    Join Date
    Jun 2007

    Default Re: Share trading limits on ASX?

    Nope no such restrictions on pattern daytrading. Knock yourself out.
    Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? -Hunter S. Thompson

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