How do I choose my order type? 🇸🇦

This order allows you to buy or sell instantly at the best price available at that moment. You can only choose the number of shares you want to buy or sell.

Example: Aramco is trading at 32.10 SAR. If you place a Market Buy for 1 share, the order will execute immediately at the nearest available price, such as 32.10 or 32.15, depending on the available offers at that time.

A limit order allows you to choose the number of shares and the exact price you want to buy or sell at. The order only executes if the stock reaches your chosen price or better.

Example: If you place a Limit Buy for 10 shares at 40 SAR, your order will buy any shares available at 40 or below. So if 8 shares are available at 40 and 2 shares are available at 38, you will get all 10 shares.

If you don’t have a real-time prices subscription and you place a limit order based on the 15-minute delayed quote, your order may take longer to execute, or may not execute, because the actual live price might already be different from what you see.

If an order is placed after hours → the order becomes pending and executes when the market opens.

Limit Orders stay open until they are executed or canceled. If the stock never reaches your chosen price or better → there is no execution.

A limit order can sometimes be partially filled, for example: you placed a limit buy for 10 shares of STC at 40.50 SAR, but only 4 shares were available at that price. What happens? You will receive 4 shares immediately. The remaining 6 shares stay open as part of the same order. The rest will fill automatically if more shares become available at your chosen price or better.

You enter an amount of money, and the order buys that amount’s worth of the stock. If the amount isn’t enough for a full share, you simply receive part of a share.

Example: AMZN current price is around $100. If you place a market buy for $50, you will simply receive $50 worth of AMZN, even if it’s a small fraction. Since the price is around $100, you’ll get about half a share (0.5 share), and the order fills at the best available prices automatically.

You choose the exact number of shares you want, even fractional shares like half a share (0.5). Your order executes instantly at the best price available in the market. (Read more about fractional here)

Example: AMZN current price is around $100. You can choose to buy 1 full share, or even 0.5 (half a share) if you want. Once you place the market buy, the order executes immediately at the best available price, and you receive the exact amount of shares you selected.

A limit order allows you to choose the number of shares and the exact price you want to buy or sell. The order only executes if the stock reaches your chosen price or better.

Example: AMZN current price is around $140, but you want to buy it only if it drops to $135. So you place a limit buy for 1 share or more shares, depending on how many you want at $135. The order will only execute if the price reaches $135 or better. If it never hits $135, the order won’t execute.

A Stop Order turns into a market order the moment the stock reaches your stop price, meaning it will fill at the next available price automatically.

Buy Example (Breakout Buy): AMZN is trading at $140. You set a stop buy at $145 because you want to buy only if it breaks above that level. Once AMZN reaches $145, the order becomes a market buy and fills at the best available price.

Sell Example (Protecting Gains): You bought AMZN at $120. You set a Stop Sell at $115. If AMZN drops to $115, the order instantly becomes a Market Sell and fills at the next available price.

Sometimes a limit order gets filled in parts, depending on how many shares are actually available at your price. Example: you place a limit buy for 2 shares at $135. But only 1 share is available at $135 right now. What happens? You immediately get 1 full share. The remaining 1 share stays open as part of the same order. It will only fill if another share becomes available at your chosen price or better.

If you don’t enable “Include Extended Hours,” your limit or market order will only work during regular market hours. If you enable extended hours, the order is valid for the same trading day only. And for market orders, some stocks support instant execution during regular or extended hours if you enable extended hours, but not all stocks support this.