Is a trade executed at a user-set price?


I am getting ready to invest bt have a question about the trade price.
Scenario: I want to buy a stock. I see it for £50 at 1pm. I know the proce can change until the time that Freetrade will execute its order. Can I set a limit so that the system does not buy a stock if it goes beyond a certain limit. For example, I only want to buy the stock if it is between £50 and £52.

No. Limit orders are not yet available.

Hello @safe
Welcome to the forum

Unfortunately limit orders are not available yet. But they are on the way. You can vote here

So how is the order executed? If the price has gone up to £70 at 4pm, I wouldn’t really want to buy the stock anymore. What control do I have over the execution at 4pm?

There’s no 4pm batch trade any more

Just be aware of the bid/ask spread

But trades are instant and free

Have a read of Freetrade’s execution policy.

As others have said, trades are instant during trading hours and limit orders are on the Freetrade roadmap under ‘3-6 months’.

Limit orders are very much in the pipeline! But for now use an instant order, they are free.

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