Argo Blockchain PLC - Minimum Trade Quantity


LSE:ARB currently has a minimum trade quantity of 250. Is there any chance you could reduce it to 1?

isn’t that like 6.9p per? wouldn’t 10 minimum make more sense to avoid overpaying the 0.1p?

edite: just checked the chart and it seems to always value to 1 decimal place, so 10 would definitely make a sensible minimum purchase.

It depends on the focus.

1 is better because I can buy 10… or 9 or 147 or 1. 10 isnt necessarily a magical number, its just the base system we are most familiar with.

But more relevantly 1 is best because although the share price is 6.9p right now. That might not be true forever. Forgetting fractionals for moment, all shares should be available at 1 as that is in general the unit of ownership/vote regardless of price.

But I’m patient and happy with T212s service and so don’t mind requesting a min trade reduction a single stock at a time. In this case, for ARB to reduce to a min trade of 1.

it will inevitably drop to 1 regardless, but as I see it in the short term it may make sense to not go the full way. if you don’t purchase in multiples of 10 at the current prices, then you are just overpaying for some of your shares and losing out on some money every time an odd number is purchased, which accumulates the more purchases you make.

not so bad if you only make very occasional purchases, but if its your go to stock to spend your leftover free cash every time the price drops a bit more, they add up to additional shares you could have bought.

@Dao yes that is potentially true right now. But the prices of shares tend to change…

Also, 10 is a multiple of 1 :+1:

Just wanted to point out that 10 doesn’t always rescue you either (6.98 x 10 = 69.8).

Also, by your logic T212 should do away with most fractional shares. Especially ones with a low dividend payout

@Antidev It’s now 1. :slight_smile:

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Thanks very much @David :slightly_smiling_face:

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Anybody’s trades on this go through? How long does it take to go from “pending market buy” to execution? Tried this morning twice and cancelled both now…

Mine always go through eventually, I’ve had to wait hours on occasion though. Maybe it’s a liquidity issue.

Yeah mix of liquidity issue and that’s SETSq auction explanation I guess, just weird as other AIM shares on Freetrade I’ve bought go through instantly and never take hours. Think maybe because it’s routed through IB and then they route in again is why these may take so long, who knows

Super frustrating… repeatedly tried buying in the low 14p since my post, my pending order just executed this morning at 16.5p.

Order execution on these stocks needs to improve.

I ordered AAZ yesterday, another AIM listed stock. Mine also went through this morning. Maybe there is a common issue.

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AIM shares are defo a weakness with T212 from what I’ve experienced, and read in this forum. Another thread atm that confirms this thinking is this one:

I am trying to buy Argo Blockchain shares - 1600 of them,
but it doesn’t seem to be going through, any idea why? its been around half an hour probably,

Do let me know,


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@ssjabid I have moved your question to this thread.

The main issue is that Argo Blockchain trades on SETS . More info can be found below:

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My order this morning went through OTC.

Have another one pending, let’s see if it makes it in the 11am auction but I highly doubt it.

This stock has momentum right now and I want(ed) to get it with a bit more margin of safety than I am now though I plan to hold for a while.

Edit: filled at 11:11am whoop! :grinning_face_with_smiling_eyes:


Pretty much my view when I started buying back in Feb. But I took my eye off the ball as I did not realise we had some of those other miners on T212 smh.

What other miners are available on T212?

Marathon and Riot. I’ve done pretty well out of Argo, but Riot blows it away.


This is insane, as in insanely good returns wow:

Might have a rethink of whether i should add Mara and Riot to my BTC ETP & Argo holdings.

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