Buy Orders can be placed for all ASX listed securities. In some circumstances, a deposit may be required before your order is sent to market.
Unless otherwise advised, CommSec provides each account with a credit limit of $25,000 of which $7,500 can be used for non leading stocks.
If your order exceeds the credit limit, then a deposit may be required. The notional deposit amount is calculated by reference to;
whether you are buying a leading or non-leading stock;
the market value of the order; and
other open or unsettled buy orders.
Where a deposit is required, CommSec will automatically offset the notional deposit amount with the market value of your CHESS registered securities and any cleared funds held in your Commonwealth Direct Investment Account (CDIA). In many cases, no actual deposit will be needed and your order will be automatically sent to market.