What is the difference between a stop loss and a limit order?
A limit order allows you to specify the maximum or minimum price at which you are willing to buy or sell a particular share. Your order will only execute when the price of the share trades at that price on the London Stock Exchange, at which point our systems will attempt to place your deal.
A stop loss order will sell your investment if the price has fallen to, or below, the trigger price you have specified. You can also set a bottom price i.e. the lowest price you would be willing to sell at should your stop loss be triggered.
Stop loss and limit orders can be in place for up to 90 calendar days, and you can amend or cancel them online, providing it is not in the process of being executed. You’re not able to place a limit order and stop loss at the same time on the same shares.