Smaller purchases | Voters

Smaller purchases

under review

Aaron

Ability to make say, a minimum purchase of $200, instead of $500 for ASX shares and ETF's

November 27, 2021

Shelley

That’s what micro investing does or you need to move to a none chess sponsored broker. The limit is set by the ASX for the first parcel. Besides that brokerage would diminish any potential return. If you invest $100 at $5 brokerage your paying you are instantly loosing 5% of your return.

CatLopAg

Oh man, I hadn't seen this one and just added the same. Yes, up voted 100 times. Vanguard already lets you do this but with Pearler the only option is through the managed paid one :/

Hayden Smith

marked this post as

under review

Hayden Smith

marked this post as

planned

Moving this one back to planned and adding more clarity. Right now on the platform you can purchase parcel sizes under $500 - however, you can't for your first purchase of a share. This is an ASX rule, not a Pearler enforced rule. However, we are looking into some ways to approach early investments similar to other low-minimum brokers.

Hayden Smith

marked this post as

in progress

Chloe Vines

Yes please! This would be amazing

JN D

Yes!!!!!!!!! Superhero has $100 free brokerage ETF parcels. I want to encourage my children. They can get $100 but $500 is out of reach. Please lower minimum for free brokerage ETF purchases. Thanks Pearler for lower minimum on shares but a $9 fee on $100 parcel seems silly.