Have more control with limit orders!
At Sharesies, we’re passionate about giving you heaps of choice. Whether that’s what you invest in, or how you invest. Today we’re giving you heaps more choice and launching limit orders! 🥳
What’s different?
You can still buy and sell investments the same way that you have been, but now you can choose between placing a market order or a limit order when buying and selling investments.
Limit orders
A buy limit order lets you set the maximum price that you’re willing to pay for a share. A sell limit order lets you set the minimum price you’re willing to sell at. Your limit order will wait on-market for up to 30 days, but might not get filled if the market doesn’t reach the price you’ve set, or if there are orders ahead of yours. You can cancel pending limit orders yourself within these 30 days. When the share price hits your limit price, your order will go through.
Market orders
A market order allows you to buy or sell shares at the available market price in line with our Best Price Policy. When the market is open and there are shares available, your order will be placed immediately and will almost always get filled. Market orders are typically used when investors want an order processed quickly, and are willing to let the market decide the price.
Get started with limit orders
Sign up to Sharesies, or check out our help centre to find out how to set a limit order when buying or selling investments in companies and ETFs.
We’re always keen to hear your feedback! If you have any questions or comments, get in touch at help@sharesies.co.nz.🍍
Ok, now for the legal bit
Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial adviser, or seek independent legal, taxation, or other advice when considering whether an investment is appropriate for you. Past performance is not a guarantee of future performance. This content is brought to you by Sharesies Limited (NZ) in New Zealand and Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation, and needs. We do not provide recommendations. You should always read the product disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers— can be found on our relevant NZ or Australian website.
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