Currently, in Shares, you have the 4 order types available for purchasing an asset and 2 order types available for selling an asset.
If you have access to trade stocks and/or ETFs, please note that the orders are executed only when the market is open. You can check more about when the market is open here: Market hours.
Here are the different order types and their details:
Market order (Buy and Sell orders)
Market orders are executed immediately when the market is open and at the best possible price available at the moment of execution.
Stock and ETFs orders that are scheduled when the market is closed will appear as pending orders and will be executed at the next market open. Market orders are available for both buy and sell orders.
Standard fees apply for all market orders, learn more in our article: What are the trading fees on Shares?
Triggered order (Buy and Sell orders)
*Available in France only.
A triggered order places a trade on your behalf when your target price is reached. Your target price is simply the price in which you want to buy or sell an asset.
When you place a triggered buy order, your order will be executed as a market order when the asset’s price hits the target price you’ve set.
When you place a triggered sell order, your order will be executed as a market order when the asset’s price hits the target price you’ve set.
As these orders trigger a market order when the desired price is hit, the actual price cannot be guaranteed; it is determined upon execution at the best available price at that time.
To find more information about the triggered orders, visit our article: What are Triggered Orders and how do they work?
Auto-Invest (Buy only)
Auto-Invest are automated orders that are executed over a period of time. They allow you to specify the parameters according to your needs. You can specify the following parameters while setting up Auto-Invest;
1. Amount
You can specify the amount of your choice for the recurring order. Every order that recurs is set up for the same amount that you have specified while initially setting up the recurring order.
2. Frequency
Weekly: Choose a day to buy once a week, every week
Monthly: Choose a day to buy once a month, every month
If you have access to trade stocks and/or ETFs, please note that while setting the frequency, you will have the option to set them up only to be executed on days when the market is open (Monday - Friday, excluding public holidays). The recurring order is executed on the date set, 1 hour after the market opens.
Standard fees apply for all recurring orders, learn more in our article: What are the trading fees on Shares?
You can check more information about recurring orders here:
Investment Plans (Buy only)
*Currently Investment Plans are available for users from France only, and only for purchasing equities (stocks and ETFs).
Investment Plans allow you to set up automated orders for up to 20 different assets at once, with no service fees. Find out more information about this unique investment option in our articles: What are Investment Plans? and What’s the difference between an Investment Plan and a recurring order?.
*Please keep in mind that Shares provides different assets to our users depending on the country from which you registered. Please see the "Countries currently supported" article to see which assets are available to you.