So iām a first time investor, i just opened a ISA and deposited Ā£2000 into NASDAQ 100 (EQGB) on the buy order screen it said my total cost was Ā£1800 stamp duty and commission was Ā£0, yet all my money i deposited into freetrade has gone, so what happened to the other Ā£200? i was expecting to see this still in my account ready to buy something else.
When i click on āaccountā section it shows i only have Ā£18,000 left to invest into my isa this year so itās defiantly taken the Ā£2000 what am i not understanding here??
I tired that. When i re open and go to account it says
ātotal cash: 2000ā
āreserved cash: 2000ā
When i click on reserved cash and then select āqueued buy ordersā it shows: ānasdaq 100, number of shares 6, total est cost Ā£1800ā says order will process from 10:00 tomorrow.
I tried buying somthing else with what should be remaining Ā£200 and it says i have nothing left in my account to spend?
Youāve set up a market order for the full amount. When markets open on monday it will buy the Ā£1800 worth or whatever it will be at that time and return the remainder to your account then. The extra amount is reserved until the order fills
I assume you placed the buy order today?
If so, Freetrade will schedule the buy order to execute on Monday at some point after the market opens.
At that point, they will buy as many shares as they can with the Ā£2000 at the prevailing price and any remaining money will be placed back into your account.
You should see the pending order on your main account screen.
If you want you can cancel your buy order and just execute it again when the market opens and you will immediately have access to the remaining money as the trade should execute immediately.
Iām on mobile hopefully you never made the same mistake I was making itās not your profile on this freetrade chat itās youāre profile where your shares are stored.
are tracking new user signups and your number has no other uses. Youāll get loads of pointless internet 
too!!
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