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What is a Limit order and how do I place it?

Your strategy may require you to take profits at a certain point. Limit orders execute similarly to Limit entry orders, but get you out of the market, rather than in. Limit Orders guarantee the specified price (or better), but not execution.

To place a Limit order in Trading Station, please follow the steps below:

  1. From the Dealing Rates window, left click on the Sell or Buy price for the symbol you want to trade.
  2. The Create a Market Order window will appear with all the details for the pending market order.
  3. Click on the Advanced button.
  4. Check the Limit box and enter a Rate.
  5. Click OK

Order Execution Only

Order Execution Only

Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, IIROC Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.

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