What type of order am I entering when trading in my self-directed investing account?

While you choose what to invest in, we continue to manage how your trade is executed to help ensure quality, cost efficiency, and tax awareness. Most orders are sent as marketable limit orders, which are orders that are set near the current market price with the intention of filling quickly, while helping protect you from paying too much or selling too low. Marketable limit orders balance speed and price control. For more information about marketable limit orders, review our whitepaper.