So I had a look at the blogs and Ts&Cs, which basically refer to;
- the spread
- Counterparty risk
But neither of these explain why my friends orders were executed using HL, but mine weren’t using FT. The above apply to HL just as much as they apply to FT.
Yes, they paid pretty much the full ask price, but that’s to be expected given a significant upwards movement - but there were obviously sellers as their orders went through.