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Trading stop orders

A stop order directs the purchase or sale of a stock once it reaches a specified stop price. When this price is met, the stop order converts into a market order and executes at the best available price, which may differ from the stop price.

How sell stop orders work

With a sell stop order, you set a stop price below the current market value. If the stock price drops to your stop price, your order becomes a sell market order. The execution price can vary from the stop price.

For instance, if stock X is trading at $5 per share and you set a sell stop order at $4, it triggers if the price drops to $4, executing at the next available price. If the price remains above $4, your order won’t be activated.

Placing a stop order

  1. Go to 'Invest' on the bottom menu
  2. Tap 'Trade' and select your desired instrument
  3. Tap 'Buy' or 'Sell'
  4. Tap the dropdown menu and select 'Stop order'
  5. Enter your desired limit price

Good-till-cancelled orders

Good-till-cancelled (GTC) orders are supported, allowing you to set expiry dates up to six months.

You can choose from four options to expire:

  • On the same day
  • In 90 days
  • In six months
  • Select a custom date within the next six months