While Limit and Stop Orders may appear as similar order types, it is good to know that their purposes and use are different.
Below you will find the comparison between the two types of orders based on their properties and application.
Limit 'BUY' Orders |
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Stop 'BUY' Orders |
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Limit 'SELL' Orders |
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Stop 'SELL' Orders |
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*Fractional shares cannot be purchased & sold with Limit and/or Stop Orders.
** All funds needed for the execution will remain blocked while the Limit or Stop Order is pending.
***Both types of orders cannot be modified unless cancelled and replaced by a new order of the same or a different type.