I’m rather new to buying shares on the ASX. My broker is CMC markets.
I noticed that when you go to execute a buy or sell order at ‘market’ then for buy orders you’re charged 3 Price steps above the highest bid, and for
selling you’re filled at at least 3 Price Steps below the highest offer. Is this 3 price step rule a way of gleaning a higher spread from the buyer or seller?
Do all brokers do this?
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