Hi,
I noticed that I cannot create limit orders that result in more than 95% value of my available free funds.
It’s just annoying because after the order gets executed then I have to create a new one to buy all the shares I wanted.
Why does the 95% limitation exist? Can it be removed?
Thanks
I hope this helps you:
@BullChew, I can understand that for market orders. But for a limit order I should have a guarantee, that’s the whole point of limit orders, right?
I have discussed this earlier. See Limit buy order won't get approved
@David I see you have context on this issue as per your replies on similar posts.
Is there a plan to lift this restriction as well?
@diegos Planning to do so, probably after we launch pending orders for fractional shares.
It appears that there is no such limit when you use “value” instead of “number of shares” when you create a market order. Just cleared all my free funds at once 
It also allows very detailed fractional stock amounts such as 0.024047
Is there any updates on removing the 95% fund restriction on limit order?
Can someone clarify how this works with stamp duty? If I have ÂŁ200 available and I buy ÂŁ200 worth of stocks, do lose some of the stock due to having to pay for stamp duty?
Hello @Robinws,
The value of your order includes everything that would be required to open the position - meaning that the stamp duty will be included in those ÂŁ200.
Hey 
I am afraid that at the moment I cannot provide you with more details.
You can be certain that as soon as we have an update, I will let you know. 
This is still a problem. I want to set a limit order:
Free funds:
95% of €53,20 = €50,54 (which is enough for a limit order of €47.82)
Or am I wrong?
Hey, @chantal. 
The limit order follows the ongoing market conditions and respectively the price point of each security. By placing the above order, you will specify the precise amount you’re willing to accept, in order for the request to be executed. However, the system cannot equalise and furthermore initiate the trade, if the price point is significantly different from the present one, hence the limitation.
The current price of the instrument is taken into consideration regarding the 95% rule and not the Limit Price. Therefore, the order could not go through, even if the Limit Price has sufficient funds for the order to be executed.
Why does this nonsense limit still apply? It’s been over 2 years since @David said it was planned for removal, why hasn’t it been done? what is happening?
Hey, @IDR.
Removing the limit altogether can cause potential flooding with pending orders that do not correspond with the normal market parameters. Naturally, that is something we want to avoid.
Increasing it, though, is not out of the question. However, this step is closely linked with other important developments, so we cannot commit to an ETA.
What important developments is this limit linked to? They must be pretty major if they’ve not been completed in over 2 years.
Also, the limiting to 95% of free funds does nothing in regard to “normal market parameters”. If I have x amount I want to invest using a limit order it is really annoying to only be able to invest less than 0.95x.
If you want to limit the limit price to within a certain range of the current price that is one thing but the 95% of free funds limit is useless.
I didn’t understand this part. If you want to limit the volume of limit orders then limit the price range of the limit order to a certain of current price?
The current behaviour actually incentivises creation of more limit orders. I will create one limit order with 95% of free funds. With the 5% remaining I will create another one, etc. I normally end up with 3 orders to be able to invest everything I wanted to… so more volume of limit orders overall.
Apparently this needs to be changed to the limit price. It would be an improvement for the case @chantal pointed out.
Is that in the pipeline?
2 years later and still no improvement 
