0

I use Merrill Edge but I find that the types of orders available to investors are quite limited. I would like to see the list of types of orders available for each major brokerage firms.

closed as too broad by Aganju, Nathan L, mhoran_psprep, Grade 'Eh' Bacon, Chris W. Rea Dec 10 '18 at 18:25

Please edit the question to limit it to a specific problem with enough detail to identify an adequate answer. Avoid asking multiple distinct questions at once. See the How to Ask page for help clarifying this question. If this question can be reworded to fit the rules in the help center, please edit the question.

  • 1
    You will have to make an account with each firm and find out. Such a list would be continually changing, and is out of scope for this site. – Aganju Dec 10 '18 at 15:41
  • Order types are fairly standardized and change very little. Occasionally, brokers add some new ones but Market, Limit, Stop, GTC, AON, orders are never going away. – Bob Baerker Dec 10 '18 at 18:01
  • OP, what's your evaluation of the Merrill Edge platform? – Bob Baerker Dec 10 '18 at 18:02
0

Basic order types available at brokers include:

  • Market
  • Limit
  • Stop
  • AON
  • GTC

Some traditional discount brokers (like Ameritrade) offer additional order types:

  • Stop to open
  • Stop-limit to open
  • Fill or kill/all or none
  • One cancels other

For more than that you have to look into platforms for traders such as:

Interactive Brokers offers 60+ order types and algos:

https://www.interactivebrokers.com/en/index.php?f=4985

TradeStation offers algo apps and the platform allows you to construct your own.

  • Interactive Brokers has some bad reviews at yelp.com/biz/interactive-brokers-greenwich... – 180224 Dec 11 '18 at 15:21
  • Some of the criticism of Interactive Brokers on Yelp is valid. Some of it is baseless. People with complaints are more vocal than happy campers. If you look up other brokers on Yelp, you'll find that they all have negative reviews. So if a negative review is going to prevent you from using a brokerage, forget about investing. – Bob Baerker Dec 11 '18 at 15:50

Not the answer you're looking for? Browse other questions tagged or ask your own question.