I have £121 in my account and I’m trying to put through a limit order for £102 however it’s say that I have insufficient funds. I’m trying to buy a US$ stock.
What should I do?
As mentioned on here before, I believe the order must meet 95% of funds, at the current price (even though your trying to do a limit order). It to stop people setting ridiculously low limit orders and filling the system with junk essentially.
This may be the issue I think.
Thanks for the response, @adm!
In addition to 95% , for limit order it is being said that t212 mechanism actually looks 95% vs current price, not vs limit price set…
Cheers @Vedran! That’s explains it too!