UTRADE HK Mobile for US Markets

Conditional orders added on UTRADE Web

Conditional orders added on UTRADE Web

Conditional orders include,
 
1. Stop Limit Order
  “Up Trigger Limit Order” - when the stock price hits the trigger price, a buy order with a limit price will be placed in the market.
  “Down Trigger Limit Order” - when the stock price hits the trigger price, a sell order with a limit price will be placed in the market.
  Click here to read example
   
2. “Market Order” is an order to buy or sell a stock at the market price. Clients do not set any limit price and the order will be executed at best available market price at time of execution.
  Click here to read example
   
3. “Stop Order” is an order to reduce loss or protect profit. When the trigger price is reached, a sell order with a market price will be placed in the market.
  Click here to read example
   
  Click here to read User Guide for Conditional Orders
   
  About Market Order and Stop Order:
 
Clients are required to fill in the application form in order to place “Market Order” and “Stop Order”.
   
Only available for trading the marginable stocks on the list
   
When a market order is placed to buy a stock, we will hold 120% of the required funds in your trading account. Either you place a market order during market hours or after market hours, the calculation of the required holding funds will be based on the last closing price of the stock. Once the trade has been executed, any excess holding funds will be released back to your trading account.
   
Please ensure that you have more than sufficient funds in your trading account for placing market orders. In order to avoid paying overdue interest, you should be ready to deposit funds before settlement date if a debit balance occurs after trade execution.
   
Based on the market conditions, we reserve the right to amend the required funds without any prior notice.
   
Contact your Account Manager now
Or call us at Client Service Hotline: (852) 2136 1818
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