Introducing Fractions on Limit, Stop and Stop Limit Orders

đź“Š Investing
1

"Fractions on Limit, Stop and Stop Limit orders are now here!

Invest in your favourite companies using limit and stop orders regardless of the value of your trade".

Well-done and thank you @Team212, @Tony.V

2

Yay! :+1:

Well done guys.

3

4

How do it works? I can only buy whole shares with a limit order.

5

A fractional order can be placed by selecting the value you want to buy or by manually entering the portion of the share you wish to order. When placing a pending order for fractional shares, you will only be able to set it by the number of shares. More information can be found here.

6

What I’m missing is a dropdown in the Limit tab to select a value in currency.

But here’s a tip for if you have a specific amount of money that you want to spend, but still use limit orders:

  • In “Market buy” set the dropdown to “Value” and enter how much you’re willing to spent
  • Switch to “Limit” tab and it will use the fractional shares already pre-calculated

Of course if your order stays open for quite a while, the number of shares and what you were willing to spent might stray away from each other.