[Feature request] Quote Price

Ideas đź’ˇ
#1

I know this probably has been commented on elsewhere but i’m posting this anyway!

It’s pretty basic functionality to offer the user a bid/ask price and give the user a short period of time to confirm the offer. I’ve had a couple of situations where I have been quoted a price on FT and then the actual purchase price was about 5% higher. I wouldn’t have accepted that spread given the choice and it screwed up my DCA on a couple of holdings.

I understand about the spread. I understand that FT finds the mid point and secures the best price at any given moment.

Ultimately the user should have the final decision over whether the “best price” is good enough!

How are you suppose to trade properly if you don’t have transparency or control over the price you’re paying?!

This is such obvious fundamental functionality, i’m surprised i’m even having to write this.

Please consider, it would enormously improve the FT UX!

#2

Just to mention, you were never quoted a price since freetrade doesn’t offer quotes. Which as you point out by making this thread it would be a great idea for them to offer quotes.

No new broker offers quotes that I’m aware of. It would be good to have a list of who does offer them, in only aware of HL as I’ve used them before.

It’s not a UX feature. Freetrade would have to build a backend system to offer quotes in the first place, and I would imagine they may have to make agreements with market makers to actually uphold those quotes for a certain time period. That’s a not a simple task.

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#3

UX = user experience, I think this would improve the experience a lot personally

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Has anyone had a response from in app support recently?
#4

I’ve voted for it and something I’ve mentioned before but this isn’t something most brokers offer.

I use this on IG and I refer it before buying on FT not that I’m guaranteed to get the same price here.

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#5

It would certainly put Freetrade way out ahead of the new brokers. I wonder what technical requirements need to be met to have something like this.

IG has “At Quote” and “On Exchange” does that mean there’s likely a difference in price from quote to direct exchange trades? or are At quotes similar to using market makers who accept a delay in accepting or rejecting a price?

#6

To clarify - when I say FT has “quoted” a price, I obviously mean the market price. I fully understand this is indicative and then FT will secure the “best price” available at that time. My point is that unless users are offered FT’s “best price” with the option of accepting/declining it, buying and selling on FT is sometimes a bit of a shot in the dark.

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#7

Completely agree. I thought it was just worth the clarification as they’re very different things.

I’d love to see Freetrade offer a quote system for trades.

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#8

Just use limit buys if you are worried.

#9

Interactive investor do it, I think it’s 15 seconds to accept or decline the order.

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#11

Yes, I previously used II and this feature worked well. It’s a more expensive platform though.

#12

Absolutely. More expensive and their app is awful, but that one particular feature is quite nice :slight_smile:

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