Due to FX movement, the total cost of your order will vary daily. To prevent your orders from going overdrawn, we will cancel your active limit orders if your total order cost is close to exceeding your ring fenced amount.
How does it work?
When you place your orders we calculate the total cost in £ and then ringfence an additional 10% on top of your total cost to keep your limit and triggered orders alive.
You will receive a notification when 90% of your buffer has been used up and then another notification if your order gets cancelled.
Starting April 8th 2021, in order to comply with FINRA rule 5330, our US order execution partner cancels all limit orders if there's any kind of corporate action taking place associated with your holding. This includes mergers & acquisitions, stock splits and dividends.