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A trailing stop order is an order with a variable stop price. If the price of the security moves away from the chosen stop price, the stop level moves with it. With this order type a stop price must be chosen. The stop price determines the stop level after placing the order. Additionally you have to set a distance as absolute value (for example in EUR) or in percent.

 

If the price of the security moves in such a way that the distance to the stop price increases, the stop price will move to re-establish the predetermined distance. If the price of the security moves in such a way that the distance to the stop price decreases, the stop level stays the same.

 

Example: Sell order of 20 shares of stock ABC. Current price is 10 EUR.

 

(1)    You place a trailing stop sell order with a stop price of 9,70 EUR and a distance of 5 %. The stop price is set to 9,70 EUR at the exchange because the stop price is closer to the current price than what the chosen distance indicates.

 

(a)    The price increases to 10,5 EUR. The stop price moves to 9,975 EUR due to the chosen distance of 5 %. If the price falls to this level, the sell order will be executed.

(b)   The new stop price is at 9,975 EUR. If the current price of the stock falls to 10,20 EUR, the stop price stays the same.

(c)    The price of stock ABC moves from 10,20 EUR to 11 EUR. The stop price is therefore moved to 10,45 EUR.

 

(2)    You place a trailing stop sell Order with a stop price of 9 EUR and a distance of 5 %. Since the entered stop price is more than 5 % away from the current price of 10 EUR, the stop price will immediately be set to a level of 9,5 EUR. The entered stop price of 9 EUR will not be relevant in this case.

A limit order is an order to buy a security at no more than a specific price, or to sell a security at no less than a specific price (referred to as "or better" for either direction). This gives you control over the price at which the trade is executed.

A buy limit order can only be executed at the limit price or lower. For example, if you would like to buy a stock, but do not want to pay more than CHF 20 for it, you can place a limit order to buy the stock at CHF 20. By entering a limit order rather than a market order, you will not buy the stock at a higher price, but, it is possible that you may get fewer shares than you would like or no execution at all.

A sell limit order is analogous; it can only be executed at the limit price or higher.

If the price that you have stated is not attainable at that time, your Order will be sent to the exchange at which the most economical execution is expected. Some products allow you to specify where you want to send your order. In this case you must then select the order type "own routing."

Orders are executed in the exact order in which they have been placed.

Please refer to the ‘Orders and Order Execution Policy‘ document for further information.

You place an Order to execute your transaction at the current best possible price. This may be necessary if, in any event, you want your Order executed. However, certainly with less liquid products, you may receive a worse price than what you anticipated. We therefore strongly advise you to treat this form of Order with care.

You place an Order, which is designed to limit your loss if a share that you hold falls in price. As soon as the price of a share reaches your 'stop loss' level, a pre-defined At Best Order is sent to the place of execution.

 

Equally, when you have a short position, you can place a Stop Loss Order to limit your losses if the share price rises. The 'stop loss' limit is the price level at which you will start buying back your short position.

 

In most situations the last price is used as a trigger, but also the bid price and ask price can be used. To avoid bad executions at unfavourable prices for some product segments the stop loss will not be released when market maker quotes are not in the market or not visible.

This Order type is designed to limit a Stop Loss Order. The Stop Limit Order provides a limit to a Stop Loss Order. As soon as the price of a share reaches your 'stop limit' level, the Stop Loss Order is stopped. Effectively this means that once the 'stop limit' price is reached, the Stop Limit Order becomes a Limit Order to buy or sell at the limit price or better.

A day Order stays open until it is executed during the Trading Day or until the market close on the trading day of the respective market. At the end of the Trading Day, the Order will be automatically deleted.

When you place your order, it will immediately be sent to the corresponding exchange. The order will be received almost instantly after being sent. If the exchange is closed when you place your order it will be held in the order storage. For more information on the order storage, please refer to “How does the order storage work?”

 

Orders for non-listed investment funds are collected and collectively sent to the issuer. As soon as the order is sent it cannot be cancelled and it will be processed within three working days.

 

Orders for funds on the Euronext Fundservices will be traded daily at 09:00GMT. Orders placed the previous trading day before 15:00GMT will be executed the next day. Orders placed after 15:00 GMT will only be sent on the next trading day and will be executed the next trading day at 09:00GMT. There are a number of Euronext Fundservices which are traded once a week, the same principle is applied to these funds. Orders placed the previous trading day before 15:00 GMT will be executed the next trading day.

The order storage will save your order when you place it outside trading hours. Your order will be sent as soon as the corresponding exchange opens. Order for European exchanges will be sent at 06:15 GMT on trading days and order for American exchanges will be sent at 14:29:30 GMT on trading days.

Yes. You can place many different order types with DEGIRO. For a full list of current order types, please refer to ‘Product & Order Types‘.

It is possible to place an order by telephone but additional fees are applied, these can be found in the document ‘Fees’. To reach the order desk please call, +41435086329.

If for some reason you are unable to place an order via the website, you can use the e-mail orders@degiro.ch

When you send an email containing your order, than this order will be executed if the market prices allow this. The order will be sent to the corresponding exchange by DEGIRO if the e-mail contains the following information:

- Username

- Product (Option series or ISIN number)

- Buy/Sell order

- Number/amount

- Limit

- Day order (we can only offer day orders through the order desk)

- Exchange

An e-mail order has a maximum amount. Furthermore, additional fees are applied and these can be found in the document ‘Fees'.

An order placed during trading hours will immediately be sent to the exchange. If the order wasn’t executed it will still be outstanding. Day orders will automatically be cancelled before the exchange opens again, continuous orders can be cancelled from 08:15 the next trading day.

When you try to cancel an outstanding order after trading hours, your deleted order will be saved by the order storage. For more information on the order storage, please refer to “How does the order storage work”?

Please refer to the ‘Orders and Order Execution Policy‘ document for further information.

Note: Investing involves risks. You can lose (a part of) your deposit. We advise you to only invest in financial products which match your knowledge and experience.

Note:
Investing involves risks. You can lose (a part of) your deposit. We advise you to only invest in financial products which match your knowledge and experience.