Trading order types
We currently support market orders, market-on-open orders, limit orders, and stop orders.
Market orders
A market order is an order to buy or sell a stock at the market’s current best available price. Market orders are often prioritised over other order types, which generally means they’re executed immediately during trading hours.
To place a market order in-app, simply select the stock you want to buy or sell and enter your order details. You'll be able to preview any fee before putting the order through.
Market-on-open orders
Market orders placed outside of regular trading hours (9.30am - 4.00pm ET) are submitted as market-on-open orders. These orders will be queued for execution at the start of the next regular trading session.
Limit orders
A limit order is an order to buy or sell at a specified price or better. Buy limit orders will be executed at the specified price or lower, sell limit orders will be executed at the specified price or higher. You can learn more about limit orders in this FAQ.
Stop orders
A stop order is an order to buy or sell a stock once the price reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order and is executed at the best available price (which can be lower or higher than the stop price).
You can learn more about stop trading orders in this FAQ.
Recurring buy order
A recurring buy order automates buying stocks or ETFs. You can choose which instrument you want to purchase, how much you want to buy, and how often you want to buy it. You can learn more about recurring buy orders in this FAQ.