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LSE GBX

  • 16-06-2020 3:28pm
    #1
    rock1234
    Registered Users Posts: 14 ✭


    I seem to be unable to buy shares on the LSE. No matter what I enter I'm told I've exceeded my limit. I understand GBX shares are shown in pennies but still unable. I'm sure I'm missing something very simple so any help appreciated


Comments

  • #2
    Kilboor
    Registered Users Posts: 1,224 ✭✭✭Kilboor


    rock1234 wrote: »
    I seem to be unable to buy shares on the LSE. No matter what I enter I'm told I've exceeded my limit. I understand GBX shares are shown in pennies but still unable. I'm sure I'm missing something very simple so any help appreciated

    What broker are you using? Be sure that you're taking currency difference into account as well as margin limits.


  • #3
    rock1234
    Registered Users Posts: 14 ✭rock1234


    Kilboor wrote: »
    What broker are you using? Be sure that you're taking currency difference into account as well as margin limits.

    Degiro. Currency difference doesn't seem to account for it


  • #4
    Orobhsa
    Registered Users, Registered Users 2 Posts: 297 ✭✭Orobhsa


    when you enter the security you see its details including latest gbx price

    let's say you are entering a buy limit order.

    Enter your limit price in gbx
    enter the quantity
    the amount field gets populates based on quantity * gbx (before commission)
    Amount will be in €

    Commission has to be added to this to give total trade cost.

    if you click place trade and get message that the order exceeds your spending limit then you've probably not enough cash to pay commission.


  • #5
    bfa1509
    Registered Users Posts: 1,022 ✭✭✭bfa1509


    Orobhsa wrote: »
    when you enter the security you see its details including latest gbx price

    let's say you are entering a buy limit order.

    Enter your limit price in gbx
    enter the quantity
    the amount field gets populates based on quantity * gbx (before commission)
    Amount will be in €

    Commission has to be added to this to give total trade cost.

    if you click place trade and get message that the order exceeds your spending limit then you've probably not enough cash to pay commission.
    I don't know, I've gotten the same error as the OP a few times before and I had plenty of funds. I wasn't interested enough in the share to endeavor to figure out the issue (probably better off).


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