I see that the buy price for HCMC has been as low as $0.001 recently so I’m trying to set a limit order to see if I can catch that price again. I have £1,000 in the FREE FUNDS in my INVEST account. However:
- If I set the quantity to less than 1,000, I get the message “The quantity must be equal or greater than 1,000”
- If I set the quantity between 1,000 and 500,000, I get the message “The minimum value for pending orders with HCMC is $1,000.00”.
- If I set the quantity greater than 500,001 and less than 780,000, I get the message “The maximum quantity for a single order is 500,000”.
- If I set the quantity greater than or equal to 780,000, I get the message “You can’t place a single order worth more than 95% of your free funds”.
Since 500,000 shares @ $0.001 would cost $500, it seems that the minimum value of $1,000 and the maximum quantity of 500,000 shares are mutually exclusive, making it impossible to set a limit order for HCMC shares at that price. In fact, 500,000 shares @ $0.0018 (the current price) would cost $900, so I don’t think it’s currently possible to use a limit order with this instrument at all.
@Team212, is there anything you can tweak to allow me to create a limit order?
Also, this reminds me that the “95% of your free funds” calculation is still using the current price rather than the limit order price, which continues to make no sense. I’ve been complaining about this for almost a year. Are there any plans to address it?