On Etrade What Is a Limit Order?

Limit: A Limit order buys a stock at (or below) a specific price you target, or sells a stock at (or above) a price you target--and it only executes if you get your price or better.

Are limit orders free on Etrade?

Stock Trades - All trades are a flat-rate $0. ... E*TRADE does still charge $6.95 for placing penny stock trades or buying OTCBB / Pink Sheet stocks. For any stock under $1 per share, only limit orders (no market orders) may be used to place trades. Options Trades - $0 + $.

How does a limit order work?

A limit order is an order to buy or sell a security at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. Example: An investor wants to purchase shares of ABC stock for no more than $10.