Quote:
Originally Posted by dejiotus
Can some of our members using Zenith Securities as their stock broking firm pls share their experience.I ordered some units of Nigerian Breweries on line via Zenith Securities with a maximum buy of 50.70 but the stock was bought unusually very fast the next day for 50.90.Altough the ZS web site can be confusing atimes,I do not think I didn't give the right instruction.I will also be very surprised that Zenith Securities could not but follow customers request as instructed.Already mailed ZS and awaiting a response.
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@ Dejiotus,
I also use Zenith securities. when making your order, there's a column which asks "Current market price" or "user defined price". beside it is the box where you type in your maximum buy price.
By default, this column is always on "Current market price". When making your buying or selling order, did you change this column to "user defined price" before typing your maximum price limit? If you didn't change this, the order then assumes current market price (even though you typed in a maximum price in that box) which then leaves the buying price to the discretion of the broker on that day.
If this is not the case, then I can't say what the problem is, hence you will have to wait for a response which I will be surprised if you get one.
My experience so far with ZenSec though not perfect, has been above average for me.