Stop Limit (Stop Limit) Orders can be used if you want to specify the price at which a order is triggered, and subsequently, specify the price at which you would like it to execute. This order type requires the selection of two prices: a stop price (which designates when the order is activated), as well as a limit price (which designates the minimum price at which a sale would be executed).
SoFi’s stop 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 your limit price or better, for the order to go through.
These orders are also automatically designated as Good 'Til Cancelled (GTC), meaning the order will remain pending on the account for 12 months unless canceled, or a corporate action was to occur. SoFi currently only supports stop limit orders for whole shares during market hours.
Submitting a Stop Limit order:
Tap on Shares in the top right-hand corner:
Select Stop Limit under the Conditional order section:
Tap on the large zero to enter the number of shares you would like to purchase/sell:
Tap on Add for both the Stop and Limit price section and enter the stop and limit price:
Once you have entered in all the details for the trade, you will Slide to confirm at the bottom of the screen and receive confirmation your stop limit order has been submitted:
You will be able to see your scheduled trade in the Activity section of your Self-Directed Invest account.