Has anyone had issue with buying Chi-Med Stock
My buy price no matter what the rate is £3.50
My sale price no matter what the rate is £3.32
My buy estimate is 3.32 when this is the rate of the current market
My sale estimate is 3.50 when this is the rate of the current market
This is 18p loss per trade in buying and selling that £18 on every £100 trade
This is an error i belive with this stock and not the standard responce from freetrade
The live price you see in the app is indicative. It’s taken from the market and reflects the ‘mid price’ of the stock. This is similar to the difference between the FX rate you might see on the news and the rate you can get if you go to buy the currency at a bureau de change. Stocks are rarely actually bought and sold at the mid price, unless you are trading extremely large quantities. When executing your order, we take quotes from multiple sources to ensure that we get the best price possible for you.
When you put down the amount of cash you’d like to use for the trade, the amount of shares is indicative based on the data at the time. The amount of shares that you receive after it is executed can vary depending on the amount per share the market makers are offering at the time.
You can also read our execution best execution policy here