Types of Orders

It’s all about straightforward pricing - $2.50 per trade / 50¢ per option contract.  

• No share limit
• No price minimum
• No minimum trades required
• No limit on maximum trades

There are no gimmicks and no surprises.  You get the same rate for market, limit, stop, stop-limit, market-on-open, and market-on-close orders.  Our pricing also includes advanced trailing stop and logical orders at no additional cost.

Market Order

A market order is an order to buy or sell a stock at the current market price.  

Limit Order

A limit order is an order to buy or sell a security at a specific price.  A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher.

Stop Order

A stop order is an order to buy or sell a stock once the price of the stock reaches a specified price (the stop price).  When the specified price is reached, your order becomes a market order.  A buy-stop order is entered at a stop price that is always above the current market price.  A stop order to sell is always placed below the current market price.  Stop orders may only be placed for stock trading at $1 or above for NASDAQ, NYSE, or AMEX listed securities.

Stop-Limit Order

A stop-limit order is an order to buy or sell a stock that combines the features of a stop order and limit order.  Once the stop price is reached, the stop-limit order becomes a limit order to buy or to sell at a specified price (the limit price).

Market-On-Open (“MOO”) Order

A market-on-open order is an order to buy or sell a stock at the market opening price.  MOO orders must be placed prior to 9:28AM EST in order to be included in the opening rotations for execution.  Cancellations for MOO orders are not accepted from 9:28AM EST until 9:35AM EST.

Market-On-Close (“MOC”) Order

A market-on-close order is an order to buy or sell a stock at the market closing price.  MOC orders must be placed prior to 3:40PM EST for NYSE/AMEX and 3:50PM EST for NASDAQ listed stocks.  Cancellations for MOC order will not be accepted after 3:40PM EST for NYSE/AMEX or 3:50PM EST NASDAQ stocks.

Trailing Stop

A trailing stop order is an order that allows a “trail” on your stop price.  A sell trailing stop order sets the stop price at a fixed amount below the market price with an attached “trailing” amount.  As the market price rises, the stop price rises by the trail amount, but if the stock price falls, the stop loss price doesn’t change, and a market or limit order is submitted when the stop price is hit.  Trailing Stops may only be placed on a closing transaction (Sell or Buy-to-Cover) on stocks trading at $1 or above and listed on the NASDAQ, NYSE, or AMEX.

Logical Order

A logical order is an order that will be submitted based on a set of criteria you define when entering the order, allowing for greater customization.  For example, a round-trip Buy/Sell Logical Order provides the ability to place a buy order at market or limit and then a sell order to submit if the price reaches above one price or falls below a second price.  Each trade executed in a round-trip logical order will be charged as a separate trade.

Extended Hours Limit Order*

Extended Hours Trading is available outside of market hours from 7AM – 9:30 AM ET and from 4PM – 8PM ET.  There is an additional charge of $.003 per share to trade on the ECN (Electronic Communications Network).

*There are unique risks in associated with trading securities at times that are outside the ordinary trading hours for the exchange(s) (“Extended Hours Trading”).  Please see our Extended Hours Trading Disclosure for more information.  

Click here for details about Just2Trade’s order routing technology.