some exchanges which don't charge commission like robinhood and webull instead charge a 1% spread when buying or selling. Does this also affect limit orders?
For example, If I place a limit order to buy at $100, will the order be filled once the ask reaches $100? Or will it fill once the ask reaches 1% lower than $100, ($99), so it can also include the spread?
I assume selling would work the same, just inverse.
Does it matter whether im buying crypto or stock?
is it the same for all exchanges?
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