The order type depends on which market you're trading in. Here's a full breakdown ๐
๐ธ๐ฆ Saudi Market
๐ต Market Order
Buys or sells instantly at the best available price. You only choose the number of shares.
๐ Example: Aramco is trading at SAR 32.10. A Market Buy for 1 share executes immediately at the nearest available price (e.g. SAR 32.10 or 32.15).
๐ก Limit Order
You choose both the number of shares AND your target price. The order only executes if the stock reaches your chosen price or better.
๐ Example: Limit Buy for 10 shares at SAR 40. If 8 shares are available at SAR 40 and 2 at SAR 38, you get all 10 shares.
โ ๏ธ Notes for the Saudi Market:
Orders placed after market hours become pending and are executed when the market opens
Limit Orders stay open until executed or cancelled โ if the stock never reaches your price, the order won't execute
Limit orders can be partially filled โ unfilled shares remain open until your price is met
If you don't have a real-time prices subscription, your order is based on a 15-minute delayed quote โ the live price may differ, which could delay or prevent execution
๐บ๐ธ U.S. Market
๐ต Market Order (Amount ๐ฐ)
You enter a dollar amount and receive that amount's worth of the stock โ including fractional shares if needed.
๐ Example: AMZN is trading at ~$100. A $50 market buy gives you $50 worth of AMZN (~0.5 shares).
๐ต Market Order (Shares ๐)
You choose the exact number of shares โ including fractional (e.g. 0.5 shares). Executes instantly at the best available price.
๐ Example: AMZN at ~$100. Buy 0.5 shares โ order fills immediately at the best price.
๐ก Limit Order
You set your target price and number of shares. Only executes if the stock reaches your price or better.
๐ Example: AMZN at $140. Set a Limit Buy at $135 โ the order only fills if the price drops to $135 or below.
๐ด Stop Order
Automatically becomes a Market Order the moment the stock hits your stop price.
๐ Buy Example: AMZN at $140. Stop Buy set at $145 โ triggers a market buy if price rises above $145.
๐ Sell Example: You bought AMZN at $120. Stop Sell at $115 โ triggers a market sell if the price drops to $115.
โ ๏ธ Notes for the U.S. Market:
Limit orders can be partially filled โ remaining shares stay open at your chosen price until filled
Without enabling Extended Hours, orders only work during regular market hours
If Extended Hours is enabled, the order is valid for that trading day only
Not all stocks support instant execution during extended hours
โ ๏ธ Important Note: All orders are forwarded to and executed by our brokerage partner. InvestSky does not execute any trades or hold client funds.