Something is wrong in the calculation of said 95% of free funds. That order would be 72%, clearly not more than 95%. [95percent]

I think I found the cause: I somehow already have opened a limit order on this stock. However, it is weird that I would get this warning, since you can place multiple orders that would exceed the total of free funds. Some orders would be automatically cancelled when the free funds fall below the ord…

OK then, my feature suggestion, why don’t we remove this arbitrary limit for limit orders completely? The first time I encountered this error I contacted support to express my feelings of WTF and I was told this is for “my own benefit” to prevent the customer from “momentary price jumps” I could n…

you can’t control the exchange rate and limit orders can remain open for a longer time. E.g. the USD lost around 7% against the swiss franc since march. As long as a currency exchange is taking place during orders the security margin certainly makes sense.

that’s great news! in 20 characters!

Hi @Doydoy execution protection has nothing to do with guaranteed order. The 50-100ms between order fire from T212 “hey buy me 5 shares from any price” execution on remote board “ok i got you 5, now give me my money or i am calling the cops” this can result in “micro-defaults” which is very prob…

just had the same discussion with the support, trying to buy for 760 euro while I have around 900 in my balance and getting this error. the expiation I got was quite disturbing I must say. That the price I chose is too far from the current price and therefore it will be executed as a market order …

[image] itzikhil: That the price I chose is too far from the current price and therefore it will be executed as a market order (WAT?!) Yeah that bit doesn’t make sense. I mean I see the maths (30*38.39) dollars in euros = ~974 is more than your funds, but you could have a limit at whatever y…

but its not 3038.39, I asked it to be 3030 regardless of the current price, its a limit order… if it will fail due to exchange rates ok, but the platfrom should not block me cus they dont think the price is not logical. and BTW I set it up to be GTC No I dont have other orders

Yes I’m in agreement with you. I’m saying it’s a weird response from staff to say that it’s doing the fund check based on the current ask rather than the limit value.

Misleading: Can't place order worth more than 95% of your free funds

💡 Feature suggestions & ideas

David August 26, 2020, 12:21pm 5

@kali Will be corrected in the near future.

How close to the 95% is the actual limit?

You can’t place a single order worth more than 95% of your free funds

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Misleading: Can't place order worth more than 95% of your free funds

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