What are limit orders and how do they work?

A limit order lets you buy or sell a stock at a specific price you choose, instead of whatever the market price is right now. Your order won't execute immediately; it will stay open and only fill when the market reaches your target price. Think of it like setting a price alert that actually executes the trade for you automatically.

What’s the difference between limit orders and market orders?

A market order executes immediately at the best available price. It's fast, but you don't control the exact price you pay or receive. A limit order, instead, lets you set the exact price and doesn’t execute until the market hits that price (or better).

How do I place a limit order?

1. Open the stock you want to trade.
2. Tap Trade, then select Sell or buy limit order as the order type.
3. Enter your limit price: the price at which you want to buy or sell.
4. Enter the number of stocks you want to trade (whole stocks only).
5. Choose your time in force:
   • 1 day: the order cancels automatically at the end of the trading day if it hasn't been executed.
   • 90 days: the order stays open for up to 90 days until it executes or you cancel it.
6. Review the order summary and confirm.

Your funds will be reserved and your order will appear in the Activity tab as Pending.

What happens after I place a limit order?

• Your funds are locked while the order is open. You won't be able to use those funds for other trades or withdrawals until the order fills or is canceled.
• Once the market reaches your limit price, your order executes automatically.
• You'll receive a push notification when your order executes (fully or partially), expires, or is canceled.

What is a partial order execution?

Sometimes only part of your order can be filled at your limit price. For example, if you placed an order for 100 stocks but only 50 were available at that price, you'd receive a partial fill of 50 stocks. Your activity will show the progress (e.g., "Amount sold: 50/100"), and your remaining locked funds will be released for the unfilled portion.

Can I get a better price than the one I set?

Yes! If the market price is better than your limit price at the moment of execution, we'll fill your order at the better price. For example, if you set a buy limit order at 170 USD and the stock is available at 169 USD, your order will execute at 169 USD. The saved amount will be highlighted in your order confirmation.

When does my order expire?

• 1-day orders expire when the market closes if not executed.
• 90-day orders expire after 90 days if not executed.

In both cases, your locked funds are released automatically when the order expires.

Can I cancel a limit order?

Yes! As long as your order hasn't been filled yet, you can cancel it from the Activity tab. Once canceled, your reserved funds will be immediately available again.

Other important considerations

• Limit orders are available for whole stock quantities only (fractional stocks are not supported).
• Orders are placed in USD.
• 90-day orders remain active for a maximum of 90 days.
• Your balance will show a "Reserved" amount while the order is open.

Still have questions?

If you need help with a limit order, chat with our support team and we’ll help you.