Trading limit orders
A limit order is an instruction to buy or sell a stock at a specified price or better. Buy limit orders execute at the specified price or lower, while sell limit orders execute at the specified price or higher. Execution isn’t guaranteed and depends on the stock price reaching your set limit. Trading fractional shares on limit orders isn’t supported at the moment.
How buy limit orders work
When you place a buy limit order, you specify the maximum price per share you’re willing to pay. For instance, if stock X is trading at $5 per share and you set a buy limit order at $4, your order will execute (partially or fully) if the price drops to $4 or below. If the price doesn’t drop to $4, your order will not execute.
How sell limit orders work
With a sell limit order, you set the minimum price per share at which you’re willing to sell. For example, if stock X is trading at $5 per share and you set a sell limit order at $6, your order will execute (partially or fully) if the price rises to $6 or higher. If the price doesn’t rise to $6, your order won’t execute.
Placing a limit order
To place a limit order in your Revolut app:
- Navigate to 'Invest' on the bottom menu
- Select your desired instrument and tap 'Trade'
- Choose 'Buy' and then tap the dropdown menu to select 'Limit order'
- 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