We’re happy to announce that the Value orders feature was just launched to all Trading 212 users. We are grateful to everyone who participated in the Beta test and helped us polish the functionality!
By using a value order you will be able to lock-in the exact monetary value of your trade. This will help you allocate your funds across different investments with increased precision - down to the last penny. The feature has been requested from many users (especially people following a DCA (Dollar-cost averaging) strategy and we’re happy to deliver!
How it works:
Let’s say you want to buy some Tesla. Up until now, you had to specify how many shares you want to buy and then get an estimation of the expected cost based on the current market price of the stock.
This will always be possible, however, now you can tap on the ‘Number of shares’ label and change the order type to ‘Value’.
This essentially flips the logic of the order and now you are locking-in how much money you want to spend. The number of shares you will get becomes an estimate.
Value mode is also available with sell orders. The only difference compared to buy orders is that if you want to sell more than 95% of your position the order gets automatically switched to ‘Number of shares’ mode.