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Is anybody using Trading 212 ?
Yes - was your Vanguard trade on there?
I've just looked at it will let me buy a fractional share, says it's commission free and the total cost will be £20. But note the note at the bottom...
That seems to be about pricing though. Without doing the actual trade (which I don't want to do as I'm a seller of equities rn) I can't see any reason why it should cost £22 and would be as surprised as you are if it did!
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frank9755
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yeah that's exactly it. strange.
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I'm surprised Trading212 would over-charge: I suppose it does say "Market Buy", but I wouldn't expect a retail app to use market orders for exactly this reason.
It's figured out what fraction it expects £20 to get you, and then just asked the market for that quantity irrespective of cost. I think the only time I've used market orders as a retail customer is FX, and you have to confirm the trade after you know the price.
I don't suppose you can just change the order type to limit?
HousecatHST
useless
Is anybody using Trading 212 ?
After going down a youtube rabbit hole I'm not throwing pocket change at Vanguard funds.
Last night I wanted to buy £20 in a Vanguard S&P 500 fund. I now have £20 in the fund but the transaction cost me £22
does anybody know why that would be ? my understanding was it was all commission free.