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What is a limit order?
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A limit order is an instruction, given by you when placing your order, stating the maximum price you are willing to pay when buying shares, (a buy order), or the minimum you will accept when selling, (a sell order).
Your order can be for a specific number of shares, or an amount of money and we'll work out how many shares that is depending on the limit price you set and taking into account the charges and stamp duty (where applicable). You can also set an expiry date for any working day in the future.

Interactive Investor ShareDealing offers two types of limit order depending upon the market that the investment is traded on:
  • UK Crest eligible investments; Limit Orders for these stocks are set and monitored through TradePlan
  • Limit orders on US investments are placed outside TradePlan through the normal Trade Now screen. When you select a US stock on the Trade Now screen an option will appear to 'Set Limit'. US Limit Orders only remain valid until the next point that the US market closes. Any unexecuted US limit orders at this point are automatically cancelled by the market.
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