Conditional Orders
Conditional orders are instructions that you give us based around a set of criteria or market conditions that must be met before your order is processed. When the market conditions meet the criteria that you have nominated we process your order. This means once you have set up your conditional order you will have peace of mind knowing that your order will be processed should the market move in a particular way.
Conditional orders have two components. They include an order to buy or sell the stock at the particular price you have nominated and specifying the market conditions that must be met before the order is processed. For example you may want to sell shares if the price falls below a certain level to protect yourself against further potential losses, but only if more than a certain volume of shares are traded. We will constantly monitor the market for you and as soon as your conditions are reached we will process your order.
In addition, we can also keep you informed when your order is placed and/or executed by sending you an SMS or email message.
The Conditional Order service is provided though Suncorp’s share trade partner (JDV Limited) and a fee is applicable each time you use the service. To utilise the Conditional Order service, you must have an active Suncorp Share Trade account that is linked direct to your Margin Trader Loan account.
Click here for more details and the conditions that apply.