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Conditional Orders are instructions to monitor a particular stock on your behalf and, should the share price reach your predefined target, a buy or sell order will be triggered immediately*.
The E*TRADE Conditional Orders service is one of the most advanced automated trading systems available, offering far more than just a Stop Loss facility. Our Conditional Orders can:
- Automatically watch the market for you to maximise your trading opportunities.
- Maintain discipline by removing emotional distractions and time barriers.
- Help active traders execute trading strategies with maximum efficiency.
- Help less-experienced investors build more confidence.
- Help protect the value of your portfolio.
- Offer peace of mind that your investments are being constantly monitored.
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Unlike most other automated trading systems, it costs nothing to set a Conditional Order. You only pay a fee if your Conditional Order is triggered and executed.
- - $7.95 (incl GST). This allows you to set the price, upper/lower limit and cumulative volume.
- - $19.95 (incl GST). Intermediate Orders include the additional features of trailing price measurement and delay after market open/halt before market close.
- - $19.95 (incl GST). The straddle order includes all the options listed above plus the ability to set two sell Conditional Orders – one as a Profit Target and the other as a Trailing Stop.
The above fees are additional to E*TRADE's standard brokerage charges on executed orders.
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* All orders are subject to E*TRADE's standard vetting processes before they can be placed on the market. E*TRADE does not guarantee that your placed order will execute.
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