What is a stop order?

Stop Orders can be used if you want to specify the price a market order will be triggered at. This order type requires the selection of a stop price (which designates when the order is executed). SoFi’s stop 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-canceled, 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 orders for whole shares during market hours.