-
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?
useless-
So you think he just bought more at the same price? But that implies the price jumped by 10% between quotation and execution. Markets have been a bit volatile lately but not that much!
But I guess, with small numbers it could get a bit lumpy, so could be right.
I thought what he was saying was he got hit with an unexpected £2 charge, but buying £2 more than you wanted at the same price doesn't sound so bad.
frank9755
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!