People who buy little amounts of shares

[Julia]

boofhead, as with pixel's remark, I've just phoned Comsec about this. They are emphatic that $500 is their minimum parcel.
So I don't know what you mean unless it's that your order was partly filled at one stage to the value of $200.
That doesn't constitute the broker allowing a TOTAL buy order to the value of $200.
Companies that have low liquidity can take days to fill an order in small dribs and drabs.

 

[luke256]

You can then you left with an unmarketable parcel, ie you cannot sell that $10 worth until you get another $500

On etrade (over a year ago) i was able to sell a parcel of shares with a market value less than $500.

I sold some IAG shares and forgot about the DRP i was entitled to and a few days later i saw about $300 of IAG shares in my account. I was able to sell these through etrade even thou the mv was less than $500.

Maybe some of the DMA CFD brokers allow people to trade parcels under $500.

I think Julia's explanation regarding illiquid stocks is probably the best reason.

 

[jimmyizgod]

On etrade (over a year ago) i was able to sell a parcel of shares with a market value less than $500.

I sold some IAG shares and forgot about the DRP i was entitled to and a few days later i saw about $300 of IAG shares in my account. I was able to sell these through etrade even thou the mv was less than $500.

Maybe some of the DMA CFD brokers allow people to trade parcels under $500.

I think Julia's explanation regarding illiquid stocks is probably the best reason.

you are able to sell less than $500 of shares, but the minimum BUY is $500