How to place an equity (Stock or ETF) trade

Right below the Bid and Ask, you can switch between buying or selling using the button at the top.

This is also where you’ll choose your order type, learn more about order types here.

The following order types are supported in Edge Mobile:

• Market order
• Limit order
• Stop order (for U.S. securities only)
• Stop limit order
• Trailing stop order (for U.S. securities only)
• Trailing stop limit order

Under Quantity, enter the number of shares you want to buy or sell. If you need a dollar estimate for your order, you can expand the balances drawer at the bottom.

1. If you’re using a type of Limit (or Stop) order, you’ll also need to specify your Price.
2. Change the order’s duration using the drawer here, the durations available are:
   • Day: Orders valid until 4pm ET (market close)
   • Good ‘till canceled (GTC): Orders valid for up to 90 days
   • Good ‘till date (GTD): Orders valid until a certain calendar date up to 90 days
   • Good ‘till extended market (GTEM): Orders that are eligible for execution outside of regular market hours.
3. Select a manual order route/sub-route, or leave it as Auto.
   • We’ll explain order routes and ECNs in more detail below.
4. You can also enable a Bracket order using this button
   • Bracket orders can attach a “take profit” and/or “stop loss” order to your main order.
   • We’ll explain bracket orders using Edge Mobile in more detail below.

You can also swipe up, or tap the See all balances button at the bottom of your screen to view more information about your account balances and your estimated order total.

If you want to make the trade with a different account, you can select a different one by tapping the bubble with your account number.

Lastly, at the bottom of your order entry screen, you’ll see a green Send buy order button, or a red Send sell order button. Tap this to continue to the order confirmation page.

When you send your order using Edge Mobile, a confirmation screen will be shown which summarizes key details about your order.

1. At the top, you’ll see the order summary.
   • This is shown in green or red depending on if you’re buying or selling.
2. The account used for the trade.
   • Please pay close attention to this if you trade with multiple accounts frequently.
3. The approximate trade value and commission charged for this order.

In the middle of your order entry screen, you’ll see your change in balances as a result of this trade.

• Learn more about buying power
• Learn more about max buying power

If your trade executes, the approximate new balances for your buying power and max buying power will be shown at the bottom.

Lastly, once you’ve confirmed the details Send your order or Cancel with the Do No Send button at the bottom of your screen.

Once you tap Send order, it’s immediately sent to the relevant exchange. (Or queued if placed outside of venue hours).

Don’t need to see the order confirmation screen every time? You can also turn this off in your settings on the More page.

This can be helpful if you’re making extremely rapid transactions where a few seconds matters, but can also be potentially risky. With order confirmation turned off, it can put you at risk of an unintentional trade. Due to this, we highly recommend keeping this feature on.

To set up a bracket order, simply tap the button on the main order entry page right below the Route and Sub-route to bring up additional options.

On the next screen, you’ll be able to add your Profit and Loss orders individually, or at the same time if you’d like.

Profit orders are available as Limit orders. Learn more about limit orders in this article.

At the top, a mini-quote is visible with the security’s symbol, description and daily P&L.

• Tap the snap quote button to refresh your quote at any time.

Right below, your bracket order summary is shown. This displays your primary order along with your profit and/or loss order(s). By default this is blank until you add your conditional order(s).

1. Turn your profit order on or off with this button.
2. After enabling the profit order, you can change your desired limit price, or use an offset.
   • We’ll cover Limit offsets down below.
3. Lastly, choose between a Day or GTC duration for your conditional order.
   • Note: The profit and loss orders must have the same duration.

    

Loss orders work almost the exact same as profit orders, only with more advanced order types available.

With Edge Mobile, the following types of loss orders are available:

• Stop orders
• Stop limit orders
• Trailing stop orders
• Trailing stop limit orders

Learn more about the different order types available at Questrade.

Limit offsets

When using a limit order as part of a bracket, Edge Mobile gives you the ability to use custom limit offsets instead of a set price per share.

• $ Offset difference allows you to set the limit offset in dollars and cents.
• % Offset difference allows you to set the limit offset in percentage terms.

Both of these offsets are based on the final execution price of your primary order.

After you add your desired bracket orders, you can easily preview your entire order before tapping the save button. Your profit and/or loss orders will be visible right below the security’s quote at the top.

Please confirm that everything looks good to go, then tap the green Save button to return to the main order entry screen.

Edge Mobile also gives you more customization options around your desired order route and sub-route.

Many traders simply use the default AUTO route for most orders, but if you’re interested in a deeper level of control over your order, this is where order routes come in.

Learn more about order routes here.

Note: Depending on your order route, type of order and quantity of shares, you may or may not be charged ECN fees. 

Learn more about what they are and how to avoid them here.

To customize your order route, simply tap the button on the main order entry page below duration and quantity.

The following routes are available for most US securities:

• NASDAQ
• ARCA
• MNGD
• IEX
• BATS
• EDGA
• EDGX

To customize your order’s sub-route, tap the button at the bottom of the order entry page below routes.

The following sub-routes are available for most Canadian securities:

• TSX
• CX2
• AQN
• AQL
• CXC
• OME
• OM2