Frequently Asked Questions

There are four different types of order you can place:

Market – during market hours when we can get an electronic quote for your order you will see a firm quote that will be valid for 15 seconds and if you accept that quote the order will be dealt immediately at that price. If there is no firm quote available electronically we will give you the option to send the order to our team of dealers who will ring the market to place your trade for you. It will be dealt ‘at best’ so you won’t know the price you’ve received until the order has been dealt. An alternative option is to place a fill or kill order.

Fill or Kill – the order is sent through to our dealers who will try to get your limit price or better for your order.  If they can, then the order will be filled, if not then it will be rejected, or ‘killed’.

Limit – lets you leave an order to automatically place a trade in a stock once the price hits your limit. This allows you to set an order to buy a stock once the price has fallen to your chosen limit or to sell once it has risen to your chosen limit. You can choose how long you wish the limit to be valid for up to a maximum of 90 days for UK orders and 20 days for international orders.

Stop Loss – lets you leave an order to automatically sell if the price of a stock falls to your chosen level. The order will be dealt at market best as soon as the stop loss price has been reached.