The value of your investment can go up or down, and you may get back less than you invested. Nothing in this article is investment, tax or legal advice. |
The cut-off time is the daily deadline for your order to be included in the fund's next processing cycle. It marks when your order is locked in, not necessarily the exact moment the trade finalises. The cut-off time itself is set by the fund manager, not by Trading 212.
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Does the cut-off apply to both Buy and Sell orders?
Yes. The same cut-off applies to both Buy and Sell orders for the fund. Orders submitted before that deadline are included in the upcoming processing cycle.
Can I cancel my order before the cut-off?
Yes, you can cancel your order any time before its cut-off. You can't modify or amend an order once it's placed. If you want to change your order, cancel it and place a new one before the cut-off.
Why can't I cancel my order after the cut-off?
After the cut-off time, your order is combined with other orders and sent to the fund manager. Because of this, it can no longer be cancelled, even if the trade hasn't been finalised yet.
What happens if I place an order after the cut-off?
Your order is queued for the next available dealing cycle. This may be on a later business day, depending on the fund's schedule; weekends, public holidays and fund-specific non-dealing days can affect the timing. The relevant cash or units are reserved for this order straight away, but you can still cancel it any time before the next cut-off.
Will my order execute as soon as the cut-off passes?
Not necessarily. Processing, pricing and confirmation are separate stages, so your order may take time to appear as completed after the cut-off.
The cut-off does not guarantee immediate execution or settlement. Both depend on the fund's processing time. See "What do the different mutual fund order statuses mean, and why was my order rejected, deferred or gated?" for what each stage looks like.