What’s the difference between ‘Value’ and ‘Number of Shares’ when buying/selling?
By using a ‘Value’ order, you can specify the exact monetary value of the buy/sell order you’d like to place. This option often comes into use when trading fractional shares, as it means you’re able to place an order based on your available funds.
The second type is a quantity order. By selecting ‘Number of Shares’, you’re choosing the exact quantity of shares you want to buy or sell.
Switching between order types for market orders
The default order type is set to ‘Value. To switch, simply click on the order type, and choose your preferred option from the pop-up menu.