A limit order is an order to buy a security at no more than a specific price, or to sell a security at no less than a specific price (referred to as "or better" for either direction). This gives you control over the price at which the trade is executed.
A buy limit order can only be executed at the limit price or lower. For example, if you would like to buy a stock, but do not want to pay more than £20 for it, you can can place a limit order to buy the stock at £20. By entering a limit order rather than a market order, you will not buy the stock at a higher price, but, it is possible that you may get fewer shares than you would like or no execution at all.
A sell limit order is analogous; it can only be executed at the limit price or higher.
If the price that you have stated is not attainable at that time, your Order will be sent to the exchange at which the most economical execution is expected. Some products allow you to specify where you want to send your order. In this case you must then select the order type "own routing."
Orders are executed in the exact order in which they have been placed.
Please refer to the ‘Orders and Order Execution Policy‘ document for further information.
When you place your order, it will immediately be sent to the corresponding exchange. The order will be received almost instantly after being sent. If the exchange is closed when you place your order it will be held in the order storage. For more information on the order storage, please refer to “How does the order storage work?”
Orders for non-listed investment funds are collected and collectively sent to the issuer. As soon as the order is sent it cannot be cancelled and it will be processed within three working days.
Orders for funds on the Euronext-Fundservices will be traded daily at 09:00GMT. Orders placed the previous trading day before 15:00GMT will be executed the next day. Orders placed after 15:00 GMT will only be sent on the next trading day and will be executed the next trading day at 09:00GMT. There are a number of Euronext-Fundservices which are traded once a week, the same principle is applied to these funds. Orders placed the previous trading day before 15:00 GMT will be executed the next trading day.
The order storage will save your order when you place it outside trading hours. Your order will be sent as soon as the corresponding exchange opens. Order for European exchanges will be sent at 06:15 GMT on trading days and order for American exchanges will be sent at 14:29:30 GMT on trading days.
When your order is placed in the order storage it is impossible to alter is. However, it is still possible to cancel your order and place another one.
Yes. You can place many different order types with DEGIRO. For a full list of current order types, please refer to ‘Product & Order Types‘, via the 'Products & Markets‘ tab on the home page. For more information on the different order types becoming available soon, please refer to our guide in the document centre.
Products can be found using the ticker code, as long as the ticker code contains more than three characters. In due course other ticker codes will be added to the platform.
It is possible to place an order by telephone but additional fees are applied, these can be found in the document ‘Fees‘.
If for some reason you are unable to place an order via the website or via the order desk, you can use the e-mail email@example.com
When you send an email containing your order, than this order will be executed if the market prices allow this. The order will be sent to the corresponding exchange by DEGIRO if the e-mail contains the following information:
- Product (Option series or ISIN number)
- Buy/Sell order
- Day order or continuous order
An e-mail order has a maximum amount. Furthermore, additional fees are applied and these can be found in the document ‘Fees’.
An order placed during trading hours will immediately be sent to the exchange. If the order wasn’t executed it will still be outstanding. Day orders will automatically be cancelled before the exchange opens again, continuous orders can be cancelled from 07:15 the next trading day.
When you try to cancel an outstanding order after trading hours, your deleted order will be saved by the order storage. For more information on the order storage, please refer to “How does the order storage work”?
For this type of order, you select the amount you would like to invest in a combination of products and then state which products these are. You can state the percentage that you would like to invest in each product. Shares for exactly those amounts can then be purchased at the quoted price. A separate fee applies for the combined order which does not include the fixed costs per product.