What are the different order types?

We support 2 different order types at the moment - market orders in dollars and market orders in shares.

Market Orders In Dollars

This order type allows you to input your order in a dollar amount, starting with a minimum of $1. You trade at the market price and your order is executed immediately at the available market price (if the market is open). If the market is closed, a pending order is created and your order will be executed once the market opens.

Market Orders In Shares

This order type allows you to input your order in a number of shares with a minimum of $1. You trade at the market price and your order is executed immediately at the available market price (if the market is open). If the market is closed, a pending order is created and your order will be executed once the market opens.

Limit Order

This order type allows you to input your order in share amounts starting at 1 (fractional shares are not supported for limit orders). The goal with a limit order is to define the price you're willing to trade at (the "limit price") and your execution will be at the limit price, or better than the limit price.

For example, if you set an order to buy 1 share of Apple at a limit price of $125, the order will only execute at $125, or lower than $125.