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- Limit Orders
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A Limit order is an instruction to sell shares at no lower than a particular price - known as the 'limit price'. It's valid for a pre-determined period, up to a maximum of 90 business days. Your shares will only be sold if the limit price is reached within that period. Please note that if the current selling price is already above your limit price the deal will go through immediately.
We are required by the FCA regulation to publish your order to market participants. This is to increase market transparency. No personal details will be published and you have the right when you give your instructions to ask us not to publish details of the trade.
Limit orders can be used to place 'sell orders' in anticipation of a rise in the share price or at a level where you're happy to take a profit. Limit orders can be useful if you do not have time to constantly watch the price of a share but want to ensure you can take advantage of a price rise.
You can place an order at any time online by logging in using the ‘Login’ link at the top of this page. However any order you place will be executed only when the Stock market is open and the price limits you've set have been met.
Once logged in, select the order type 'At Limit' and enter your chosen limit price and expiry date. You will then get the estimated deal value based on the limit price and the amount of shares you intend to sell and, if you are happy with this, select 'Place Limit Order'.
You will then be asked if you would like to make this information available to market participants. This is to increase market transparency. No personal details will be published.
Or, if you’d prefer to call us to set up a limit order we are open between 8.00am and 4.30pm. However any order you place will be executed only when the Stock market is open and the price limits you've set have been met.
There are no fees to set up a limit order
We do not guarantee that Limit orders will be executed even if the limit price is met. The order could fail as a result of:
- Market conditions at the time (such as a "fast market” where the market is so volatile that prices quoted by market makers are only indicative rather than guaranteed)
- Other clients having placed similar limit orders, and having an earlier time priority than your order (and so being executed in priority to your order)
- Other factors outside of our control. For example, the maximum size that can be traded online has changed since you placed the order.
If for any reason your limit order fails to expertise, your online limit order history will update. However, you will not receive any other notification so you will need to remember to check open limit orders frequently.
Limit orders cannot be placed for over the current online maximum size. This is the amount set by the Retail Service Providers (RSPs) and dictates what they are prepared to trade online.
You can delete an order by entering the 'Account Details' screen and selecting the order you want to delete. You will then get a confirmation that this order has been deleted.
Please be aware that you cannot modify a Limit order once it has been set. Instead, you will need to delete the open order as outlined above and place a new order at a new price.
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Find out more about our best execution policy.
Remember the price of shares can go down as well as up, and you are not guaranteed to get back the amount that you originally invested.