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Does freetrade give you a quote and then 15 seconds to confirm?
From what I can see without signing up, freetrade only does market orders which means you just buy at whatever price an MM has on the ask. On AIM there is low liquidity so when a lot of people are trying to buy, the MMs with the lower asks will be bought up first. With a market order you automatically go to the next one which could be higher.
It is like how other brokers handle negotiated trades.
If this is how freetrade works, you should always use limit orders.
It would be illegal for freetrade to add a further spread.
Karma has come around very quickly for the shortest, 1307 is sh*tting from both ends this morning, Happyscots crawled back under TW’s ball sack
For all those that mocked people for losing money , remember karma always comes around
But at least you didnt pay commission LOL
Feel sorry for all those that lost having stop loses triggered, this was definitely pre-planned by the mm's to aquire shares on the cheap and is exactly the reason why I don't set stop loses with aim shares.
I have had small price issues with the app in the past so i waited until i could do it manually, as soon as it would let me i tried to place my order, couple of rejections as expected due to the volume but once i got through i got robbed blind at 28p hahahaha, appreciate the help tho yous ill try to be more careful next time. smhhhh
It depends when your trade went through and what the spread was at the time. It did reach 27p on google, so perhaps the ask price at that time was 28p.
I use Freetrade too, but with their Plus subscription you can set a limit order, so you could have placed it with a limit of 26p or whatever you wanted to pay.
28p should be more than fine in that grand scheme of things.
Freetrade is very limited and if you want good service, no longer free. It's for beginners and they really don't like you buying AIM shares anyway. Not sure if you can do limit orders or whether in this situation they would have filled for you. I know you didn't used to be able to. It was because of trying them I couldn't buy EUA when it was at 12p post suspension. They had taken the share off even though people on here pointed me to it and the small commission free trades seemed appealing. HL getting slated at mo I'm with X-O which is basic but quite reliable. Not convinced they barter well for me but I do have all the usual options on price.
Close the app and reopen it .
Not quite can I answer your Q but for example HL has a sort of manual queue/processing for fill/kill orders, which is to say if you queue up something overnight like you have they'll process it "at some point". Usually in the first half an hour of the trading day but that often means the latter part of the first half hour. My guess would be that you ended up in the same boat. Long story short, don't trust the automated systems and do it yourself -- I got burnt a few times as well on this.
So as we all know EUA took a big hit last night causing all of us to lose gains, Im sure most of us have waited all night and all morning to hop on that price, as have I (new investor). Im using the Freetrade app and after deciding to pull out of other stocks to gamble on EUA, theyve sold me it at ****ing 28p, giving me another huge dip??? Can someone explain how or why that happened and hopefully point me to a different app/site. Much appreciated, good luck everyone.