Limit buy order won't get approved

Trying to set a limit buy order. I have € 24,43 available in my account. I try to set a limit buy order for 2 shares of VTIQ with $10.00 as limit price. Total is € 17,51.

Now I get a message that the order can’t exceed 95% of the available funds. Huh? :thinking: Not even close to 95% right?

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I would be very happy if this limit can be increased to something like 97% at least :relaxed:

btw… 17,51 is 71.67%.

Yes I know. It looks like it checks the 95% based on the market order price.

@chantal Yes, that’s correct - the 95% limit’s based on the current market price.

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@David why is that checked when you set a price much lower as limit price? Current price is 2 or 3 dollars higher than I wanted to set as limit price. A limit order doesn’t have anything to do with the market price. Or am I wrong? I don’t understand the logic.

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@chantal This was the initial setup in order to prevent flooding the exchanges with limit orders that are unlikely to trigger. Example: setting Amazon limits buy at $100 when the stock’s trading at $2,000.
We have price caps (max distances) now so that’s no longer much of an issue. We’ll be correcting this logic very soon.

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It’s almost 2 months on, I’m a new user and I’m getting this issue. Think i might go back to Degiro as this platform appears to have several issues :frowning:

This wil be resolved in a future update. Not thinking about going back to DEGIRO.

This thread is helpful as I’ve been pulling my hair out thinking neither me or my calculator can calculate the correct 95%! lol

But I seriously agree with @chantal. While I do appreciate the business perspective, your users/traders are clearly losing out on making bigger trades and having tiny fractions of their deposited amounts sitting there doing nothing.

If I want to invest 2k, then let me. If you can’t fulfill a 2k order as the priced spiked at that very moment, and the value of the order became 2.1k, then just partially fulfill it.

I won’t be alone in saying that most users won’t care if they ended up buying 1 less share due to a price spike, they will care that they couldn’t invest the amount they wanted to invest and the rest is just lying around like spare change doing nothing.

This bug is still not fixed.

The bus is still not fixed.

Today I was not able to buy shares with all my “free funds”.

It was not possible to buy it with several orders, because the shares cost more than 95% of my free money even if I buy 2 shares with the free money for 2 shares.

When I search with “95%” keyword I see many users complaining about this bug.

I am using limit orders.

@val42 Hi :wave:

Yes, this is yet to be corrected, we’ve raised the priority but can’t commit to a deadline.