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Antos is the link pin here...if he keeps his holdings why sell out now? If he dumps, so might i but unless he sells, imo we will be OK?
Investbest that was a very mature comment.
agree Jarvy......Hendi sound as a pound. :)
I can vouch for Hendi genuine poster who is just annoyed at being over charged less of the insults please lets just chat about Bou. Spike do you actually own any Bou shares?
Excuse me with the character assassination.
I posted what i found out here because I thought it might matter to some investors who were holding bou when the time came to sell, especially if they had targets - nothing else. As to bully im looking direction at you because your comments are totally unnecessary and I HAVE APOLOGISED, that should be sufficient for us to move on?
Throw spikey into that too ??
Slowly apologises for clogging up this board, it was only that i noticed it when trying to sell bou shares but this issue is any share sold with 3dp. I will set up an alternative thread. Also not been online much since last FRi which is why i didnt reply, was just prompted by someone to look at this board and reply to you
Jarvy - sorry ;-( My comments were directed here because that was the share that i noticed this issue. I will set up an alternative thread
Jarv to be fair this can affect people that are trading BOU. Can easily ignore.
Can we just stick to Bou here please maybe set an ig thread up or chat on twitter
No I am just me, myself & I. I am with another Spread Better. It is not like the cash market, in fact they may not even cover the trade in the market (Called B Booking). So you don't get to see what they actually trade at you are dealing on their own synthetic prices.
Are you Hendi as well as ifonlyiknew, or are you a fellow-sufferer at the hands of IG?
The other day we were asking about this, and I asked whether this actually happens if you follow through with a proposed trade. So, their website shows a notional spread of 0.01 to 0.03. If you then start the process of selling a million shares, at current market price, presumably their platform shows you the trade they'd execute and the consideration you'd get, and you get 15 seconds or so to hit "yes" if you want the trade. If you do that, do they actually show that they'd give you £100 less commission (matching the 0.01-0.03 advertised rounded spread), or would you actually get the full £190 less commission that market conditions suggest?
Slowly so at the moment the bid is 0.019 my SB account shows 0.01-0.03 if I was to sell on the platform it would give me 0.01 costing nearly 50% if I was to email or call then I would get 0.019 (market price) less the comm which is probably 0.35% . They said that it is the only way they can offer an online service. Think the claims could build up. Also if you have 10m your P&L is showing £900 less than it should.
Hendi
I see you're still harping on about this over on Twitter, but when you shared your problem here you never replied when I and others asked exactly what problem you're having.
It seems you're only struggling with the number of decimal places being offered to you when you place a limit order, but your calls of "fraud!!" are implying that they're pocketing the rounding amount as an extra commission for them.
If the problem really is that they are rounding down the sale amount to the nearest 2dp when you place a market order, and that they're keeping the change, could you please say so explicitly. If that's not it, and it's just that their platform doesn't let you have enough dp for the limit orders you want, please stop taking every online discussion about this particular share off-topic.
Thanks
"you see 0.01-0.03"
But if you go beyond looking at how they present the advertised spread and ask the to quote to sell, presumably you get one final chance to look at the proposed trade with the consideration clearly shown before you hit "go".
Would they actually give you 0.01 per share?
Slowly no the way my SB works is if the price is 0.019-0.020 then online you see 0.01-0.03 so if you deal online on the sale you are paying £900 comm on a 10m share position and on the buy you are paying £1,000 which is taking the pi55. If you email or call then get true market price and their 0.35% instead of 50%. They say they don’t have the decimal places which is a joke. Also P&L is incorrect. Hope that makes sense. Not sure how FCA will view it.
Or don't put a sell limit on and check regularly to sell when you want and you get 1/100th, I don't get the issue here?????
Same on BARX platform
Only two decimals allowed for limit orders
Hit at Best and pray they will execute your sell or buy order at the reasonable price. Works at times
What exactly is the problem, Hendi2? I took you to mean that you couldn't set a limit sell order with sufficient granularity. That's one thing. It's inconvenient, but there are ways around it. ifonlyiknew's reply took you a different way - that they'd sell for, say, 0.028, but then round down and only give you the proceeds as though the price had been 0.02. (In other words, they're taking the rounding error as bonus commission).
Which is it?
Place the order over the phone. I have this issue with my broker. Think there is a big claim here. They advertise one commission amount then charge something completely different. Not exactly treating customers fairly. The next PPI buy on a smaller scale.
I get that issue, different platform, but only when I'm placing a limit order. I can place a market order fine - it'll offer me whatever exact price the market makers will take my shares for. Of course, even with the limit order, they're not refusing to take your shares - just only letting you set the target price to 2dp of a penny. When you're order is picked up, you still get the price you agreed to sell for (or better) - they wait to sell until they can achieve that.
Hello all, just been talking to another #bou investor on Twitter and they thought i should post here to let you know
I use IG and tried to set a sell order today
I bought the stock at .02 and then bought again and avgd up to .0249.
Tried to set a sell order @.031 and find that IG ticket only allows 2 digits
This means that say you want to sell 10m @.039, you are only able to sell at .03 or wait to sell at .04 or .05
This could mean £900 on a transaction of 10m shares on top of the spread
I am appalled,surely, you cannot sell someone an instrument and then say we dont take them back, we round up??
I want to complain to @TheFCA and will contact the @financialtimes
Its hard enough to trade, they take a commission, wide spreads and then tax on top for anyone buying stocks like these which are 10ths of pennys
Just giving you guys the heads up so you know the deal
This is looking very positive and if your broker is anyone other than Ig you should be ok