In addition to real-time Market Orders, SoFi offers these types of orders:
Limit Orders can be used if you want to specify the price at which the security is bought or sold. While you are able to control the price, you cannot control when the limit order is triggered, as that is based on when the stock reaches your requested price. SoFi’s limit orders are “all or none” - we cannot complete partial fills. This means the market will have to fill all of your requested shares, at that price or better, for all of the order to go through. SoFi currently only supports Limit Orders for whole shares during market hours and does not have stop-loss limit orders at this time.
Fractional Orders (Stock Bits) can be submitted at any hour of the day! This is the type of order you'll submit when you buy or sell stocks, in a dollar amount.
Market Orders on Open allow you to place orders outside of market hours for whole shares. These orders will not execute until the next trading day, so the price may shift a bit from the last time you saw it.
Note: If you place an order on Friday, the next market day would be Monday (with the exception of holidays).
Happy Trading!