United States USA

Order Types & Alerts

Ustocktrade currently only offers cash accounts and the following order types are available to users in the Ustocktrade ATS.

Orders will be executed during regular market hours if the stock has opened on its primary exchange. 

Please note, customer orders within the Ustocktrade ATS are not routed to primary exchanges, therefore,  orders will not open trading in a stock. 

Market Order

A market order is an order to buy or sell a security immediately, at the best price available in the market.  While a market order will generally be filled at or near the current offer (for a buy order) or at or near the current bid (for a sell order), no price is guaranteed.  Market orders are used to buy and sell quickly, taking the price the market gives you.


Limit Order

A limit order is a type of order that enables you to buy or sell at a specific price.. A buy limit order may execute if your limit price is at the current offer or higher. A sell limit order may execute if your limit price is at the current bid or lower. Limit orders are used when you require a specific price, understanding the order may take some time to execute, or may not execute at all, if your price is not reached.  This order type will expire at the end of the trading day.


Price Alerts

Receive automatic alerts via email or notification on the application when a stock price has reached your specified Buy or Sell price.

 

Strategies: You can place three types of strategies 

Buy Strategy

An order to buy more stock at a specific limit price below the market. This is a type of limit order, typically placed away from the current market, which remains open for 30 days or until canceled.

Note: this order type will only execute if your limit is reached during normal market hours.

Sell Strategy

An order to sell stock you own at a specific limit price above the market.  This is a type of limit order, typically placed away from the current market, which remains open for 30 days or until canceled.  Note: this order type will only execute if your limit is reached during normal market hours.

Get Out

An order type which automatically sells your entire long position with a Market order when the Last Traded Price of the stock is at or below your Get Out price.  This order type will stay open for 30 days or until canceled. Note: this order type will automatically cancel prior to the 30-day expiration if your position becomes zero.

More on the Get Out Strategy Order Type

  • With a Get Out Strategy, you would enter a Get Out price (below the current market) where the Get Out Strategy will trigger* if the Last Traded Price of the stock is at or below that price. You will be notified your Get Out strategy has triggered*, any open sell orders will be canceled, and a market order will automatically be entered on your behalf to sell all the shares you own at that time.
  • With a Get Out Strategy, you can simultaneously place an order to sell all or part of your shares (at the market or at a higher limit) while your Get Out Strategy is open. If your Get Out Strategy is triggered*, any open sell orders will be canceled and a market order will be entered to sell your remaining position at that time.
  • If, while you have a Get Out Strategy open, you sell your entire position using a separate market or limit order, your Get Out Strategy will be canceled at the time your position is liquidated. If you re-enter the stock, you would have to re-enter a Get Out Strategy if you wanted to use this feature.
  • IMPORTANT NOTES: Your order review will notify you if your Get Out price is close to the Last Traded Price as it may trigger immediately. For a Get Out Strategy, a market order will be placed once the Get Out price triggers*, and the execution price is not guaranteed to be the same as the Get Out price or Last Traded Price.

 

Get Out Strategy vs Alert Strategy

 With a Sell Alert Strategy, you enter an Alert price above the market where you want to be notified to sell if the stock price rises.  The Sell Alert triggers* if the stock trades at that price or higher, and you will be notified so you may enter your sell order.

 *Get Out Strategies and Alert Strategies are triggered by regular way trades only.

 

Please read important legal disclosures that apply to your relationship with Ustocktrade Securities, Inc.

Online trading has inherent risk due to system response, execution price, speed, liquidity, market data and access times that may vary due to market conditions, system performance, market volatility, size and type of order and other factors. An investor should understand these and additional risks before trading.

The information provided is not warranted as to completeness or accuracy and is subject to change without notice. The information provided should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not guarantees of future results. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Consider the investment objectives, risks, charges, and expenses of a fund before investing. Contact us for a prospectus containing this information.

Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund or Exchange Traded Fund ("ETF") carefully before investing. Before investing in any mutual fund or ETF, you should consider its investment objective, risks, charges and expenses. Contact us at support@ustocktrade.com for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully. ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund. Investment returns will fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost. ETFs are subject to risks similar to those of stocks. Some specialized exchange-traded funds can be subject to additional market risks. Leveraged and inverse exchange traded products are not designed for buy and hold

investors or investors who do not intend to manage their investment on a daily basis. These products are for sophisticated investors who understand their risks (including the effect of daily compounding of leveraged investment results), and who intend to actively monitor and manage their investments on a daily basis.

Testimonials may not be representative of the experience of other customers and are no guarantee of future performance or success.

Market data supplied by ActivFinancial. Real-time market data is only supplied when User logs into his or her account.

Securities products and services offered to self-directed investors through Ustocktrade Securities, Inc. Member FINRA / SIPC. Ustocktrade, LLC and Ustocktrade Securities, Inc. are separate but affiliated companies.

Securities products are: Not FDIC insured • Not bank guaranteed • May lose value

FINRA BrokerCheck reports for Ustocktrade Securities are available at http://www.finra.org/brokercheck

You must be a U.S. resident to open a brokerage account. Other account features are available to non-US residents.

Ustocktrade Securities, Inc.
Member FINRA/SIPC
V.01 06/02/2017

© 2017 Ustocktrade. All rights reserved. U.S. Patent:US D761,294 S.