RE: Freetrade has robbed me. Can someone explain this?28 Jan 2021 10:00
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.