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Frequently Asked Questions
What types of orders can I place?
Stop and Stop Limit
A stop order becomes a market order when the market price of a stock equals the stop price. Please note that this does not guarantee that your order will execute at the stop price. Once your order becomes a market order it will execute at the best available market price. If you wish to achieve a certain price you must place a stop limit order, which means your stop order will become a limit order when the market price reaches your stop price. While you may be protected on price, a stop limit will not guarantee an execution. You can only place stop and stop limit orders on stocks over $1.
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