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Orders

What is the order duration?

Answer

When placing an order, you select whether you want the duration to be a Day order or GTC (good-till-cancelled).

A Day order will stay open until it is executed during the trading day, or until the relevant market closes. If the order is not executed by the end of the trading day of the relevant market, the order will be deleted automatically.

A GTC (Good-till-Cancelled) order on the other hand, will roll over into the next trading day if the order is not executed by the end of the trading day. The way GTC orders are handled will depend on the trading venue. For example, orders placed on Euronext will be valid for one year while orders placed on US exchanges will be valid for 90 days. However, there is no guarantee that the order will not be cancelled for other reasons such as a corporate action of the underlying company, or that the market price has moved too far from the set limit price of your order. For this reason, you should monitor the status of your open orders.

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DEGIRO is the first wholesale broker for private investors. An online investment platform for all types of investors. DEGIRO enables its customers to invest worldwide at unprecedented low rates. DEGIRO is investing globally for everyone. Previously, investing was often limited to stock exchanges in Europe or the United States. Through one platform, all DEGIRO investors gain access to products and markets worldwide. This means that private investors can spread their investments much better. DEGIRO fits perfectly with the investor who manages his business online. For us, customers do not pay for the salary of unnecessary staff. DEGIRO takes away the last difference between professional and private investors; the fees. Essential for the return of private investors.

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