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Minimum ASX Trade Confusing


NewTraderSimon

Question

Hi All,

I have one specific company I want to invest in but have a few questions as I am a first time trader and interested in a few Penny Stocks I have my eyes on.

**Once I Deposit the Minimum $450 into my account.

Can I

* Purchase $200 in shares in one company and leave the remaining as a balance to purchase other shares.

Or 

* Do I have to buy minimum $500 in shares in one company then I can only top up those shares with amounts less than $500? 

or

* Do I have to buy a minimum $500 in shares total to use the asx regardless of company?

I know for most of you $500 is a figure to be laughed at but I have very good handle on the penny stock I am interested in and looking to invest more with each months pay.. I just want to get my foot in the door first and try it out.  

 

Appreciate if anyone can clarify my noobie questions above please.

 

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