Help & FAQs
What are the different types of orders I can place with my International Shares Account?
There are six different types of orders that can be placed with an International Shares Account. These are:
| Order type | Definition |
|---|---|
|
Market |
An order to be executed at the best available market price. Market orders can only be placed during the respective market's opening hours. If you wish to trade outside market hours, you may opt to place a limit order. |
|
Limit |
An order to buy or sell a security at, or better than, a specified price. |
|
Stop |
An order to be executed at the best available market price if the market reaches a specific price. |
|
Stop-Limit |
An order that will be executed at a specific price, or a better price, after a stop price has been reached. Once the stop price has been triggered, the order will become a limit order. |
|
Market on close |
An order that is scheduled to trade at the close, at the best available price. |
|
Limit on close |
An order that is scheduled to trade at the close of the market, or at a better price than specified. |
|
Mid-Price |
An order designed to split the difference between the bid and ask prices, and fill at the midpoint of the best available bid and offer. |
|
Trail |
A type of stop order that automatically adjusts its trigger price as the market price moves in a favourable direction, helping lock in profits while limiting losses. Once the price decreases by a set amount or percentage, the order is triggered as a market order. |
|
Trail-Limit |
A type of stop order that adjusts its trigger price as the market price moves favourably, and once triggered, submits a limit order instead of a market order, giving price control but risking non-execution if the limit isn’t met. |
Learn how to place an international trade or view our International Client Guide.
Please note: These orders are only available with a 'Good for Day' or 'Overnight' (if available) on a standard International Shares Account. To access order expiries with longer dates, you will need to upgrade your International Shares Account to an International Shares Plus Account.
