A scheduled order (or limit order) is an option that allows you to choose the quantity of shares and the price at which you intend to trade the asset. It only becomes active when the asset's trading price in the market reaches the chosen value or a better value.
For a buy order, the value must be equal to or less than your chosen price. For a sell order, it must be equal to or greater than your chosen price. This ensures you won't buy for more or sell for less than you want.
Scheduled orders can be placed and executed only during market hours.
You must have sufficient balance to schedule a buy order, as the total amount will be deducted from your Investment Account balance at the time of the request. For a sell order, you must have the required quantity of invested shares to place an order.
The order will remain scheduled until the next market close. If the asset reaches your chosen value during this period, the order will be completed. Otherwise, the order will be automatically canceled, and the invested funds will be returned to your Investment Account.
If an order is partially executed, it remains active until the end of the trading day. If it cannot find a buyer or seller to be fully executed, it is finalized with the partial execution.
You can check pending scheduled orders by going to the Nomad app and tapping on Investments > Statement > Pending transactions.
To cancel a pending order, select the desired order and tap on Cancel Order > Cancel Order.
Important! You can only cancel an order while it is still pending. Once an order is executed, it cannot be canceled.
Scheduled orders can only be for whole quantities of shares, and it is not possible to place scheduled orders for Bonds.
To learn how to buy an asset, click here.
To learn how to sell an asset, click here.