Jump to content

Minimum consideration when buying shares at quote


Guest Matthew_123

Recommended Posts

Guest Matthew_123

Hi, 

This is a very basic question for nearly all of you, I am sure.

I am attempting to buy shares 'at quote'. The shares' total value is approx. £2k. The consideration is approx. £30. 

However, the trade is rejected on the following basis:

"Minimum Consideration - the consideration of your order is below the minimum allowed (£90)"

Please advise if the only basis on which I can buy these same shares is by buying 3x the value (£6k), therefore resulting in the minimum £90 consideration requirement being met?

 

Alternatively, should I consider buying 'on exchange' to avoid this?

 

Thank you

 

Matthew

Link to comment

Hi - the consideration of the shares purchase is the value of all shares as a net value, i.e. if you are buying 100 shares and each on is worth 200p (£2) then the consideration would be £200.

I suspect you are purchasing UK listed equities? Please note that these are quoted in pence, so a share price for Lloyds bank quote of 57 is 57p, not £57. Was this your issue? 

What stock are you trying to purchase? I can tell you the minimum number of shares required to buy to hit the £2k total value you are looking to get. 

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • Demo account: Please note that conditions on demo accounts may differ from real accounts. Some brokers may only provide overnight loans on real accounts and not on demo accounts.
    • Swap Rate: Check the swap rates for your open positions. Overnight loans are calculated based on the difference between the interest rates of a currency pair, and if the difference is small or negative, you will not receive a loan.
    • Civic (CVC) emerges as a game-changer in the realm of identity verification, offering a secure and decentralized solution for payment verification between "Identity Verifiers" and "Identity Requesters" within the Civic ecosystem. With its innovative approach and recent developments, Civic is making waves in the cryptocurrency market Payment Verification: Civic's primary use case lies in facilitating payment verification between parties within the Civic ecosystem. By leveraging blockchain technology, Civic provides a secure and transparent method for verifying identities and ensuring trust in transactions.  Integration with Solana Token Extensions: Civic's recent announcement on X revealed that Civic Pass is now integrated with Solana Token Extensions, further enhancing its utility and interoperability within the blockchain ecosystem. This integration opens up new possibilities for Civic's application and adoption.  Civic (CVC) is now listed on Bitget  and other CEX providing users with convenient access to trade and engage with the token. This listing further enhances Civic's visibility and liquidity, attracting new users and investors to the ecosystem. 
×
×
  • Create New...
us