What happens if I placed an order without enough funds?
If you don't have enough funds for the order, we will immediately queue the order and make a direct debit from your bank for the amount needed. Once the deposit clears (this usually takes 2-3 business days) we will place your order automatically on midday of the following market open day.
What's the difference between queueing and placing an order?
Placing is when we submit an order to our brokerage partner. Queueing is an internal system that automatically places an order once you have enough cleared funds. You can queue multiple orders back-to-back and they will be handled in the order they were queued.
The order I placed bought more/less quantity than what I specified, what's going on?
Pearler uses real-time pricing when placing an order to our brokerage partners. So there might be slight changes in price between you queuing on Pearler and it being placed (this can also happen for orders placed immediately as there is still a small time difference but it is less common) To avoid this uncertainty, you can:
Add additional money buffer when placing an order, the extra will stay in your account
Deposit beforehand and spend with cleared funds 2 days later, orders will be placed immediately when in market hours
Use limit orders (click "Show more" when you input order amount), however this doesn't guarantee execution.
The order I placed cost more/less than what I specified, what's going on?
Pearler uses real-time pricing when placing an order to our brokerage partners. However, due to market fluctuations, sometimes the trade will cost more or less.
This doesn't happen very often but trading penny stocks in high quantities is especially susceptible to these fluctuations.