Conditional orders provide a convenient way to manage your investments without the need to constantly monitor market movements. This feature allows you to pre‑set trades based on conditions you choose, helping you plan ahead for future market scenarios, respond promptly to trading opportunities, and manage potential downside risk with greater confidence.
By setting specific conditions for buying or selling a security, your order will be automatically triggered and submitted to the market once those conditions are met.
Trigger conditions can be established based on:
- Price levels
Your nominated buy or sell instruction will be triggered automatically when the security reaches your specified price. - Percentage movements
An order may be triggered when the price of a security increases or decreases beyond a defined percentage threshold, calculated using the previous day’s open, close, high, or low price.
Conditional orders may be set on equities, interest rate securities, and warrants, and may also be triggered by the price movement of a different security from the one being traded.
For portfolio management and risk control, the following limits apply:
- Up to three conditional orders per stock
- A maximum of 50 active conditional orders per trading account
- A total of 100 active conditional orders per username across all associated trading accounts
Bell Direct’s conditional order service is provided at no additional cost. Standard brokerage charges will only apply when a conditional order is triggered and successfully executed.
If you require assistance setting up or managing conditional orders, our team will be pleased to assist.