Let’s take a look at how you can securely buy or sell a
stock on our online investing site in only a few short steps.
First, log in to your account and open up the
Place an Order menu.
From here, you can select the type of trade you’d like to place.
Let’s place a stock order by selecting “Stocks” from the menu.
On the Stock Order Entry page, first select the
account to trade with.
When you make your account selection, you will see your
real time cash balances in Canadian and US dollars, and
the combined buying power in your account.
Under “Action” select whether you want to buy or sell.
Enter the number of shares you’d like to purchase.
Enter the symbol of the security you are buying or selling.
Select the market by choosing either Canada or the US market.
You can select “Show Quote” to see a current quote for
the security you’ve selected.
The default share price is the Market Price.
If you place an order at the market price, it is called a
“Market Order.” To place a Limit Order, select either
Canadian or U.S. markets,
then enter a limit price, which is the maximum
price you are willing to pay as a buyer.
For a Stop Buy order, enter a stop price.
This is only permitted for orders placed on the U.S. market.
For a Stop Limit order, on Canadian or U.S.
markets, enter both a stop and a limit price.
The limit price is the highest price at which
you’re willing to buy, and can be the same as the stop price.
Once you’ve entered a price for a stop or limit order,
you can select a “good through” date here, when
your order will expire.
“Any part” means you will accept any amount of shares,
up to the total amount of shares in your order.
For U.S. market orders only, “all or none” means that no partial
transaction is to be executed – all the shares
requested must be traded as one block.
If you collect RBC Rewards points, you also have the
option here to redeem them to pay for your trade commissions.
Now select “Continue” to proceed.
Review and confirm that all of your trade details are
correct, then click “Confirm.” You can print a
copy of this “Transaction Complete” page for your records.
If you want to sell a stock, you’ll complete the same
steps – but select “Sell” from the “Action” menu.
Just like when you are buying a stock on a Canadian or U.S.
exchange, you can select the market price to place a
Market Order on the exchange you’ve selected, or … … For
a Limit order, enter the limit price, which is the
minimum price you are willing to accept as a seller.
You can place a stop-limit order when selling too.
A stop-limit order is an order to sell at a specific
price, or better, after the stop price has been reached.
For sell orders, the stop price should be lower than
the stock’s current price, and the limit price should
be less than or equal to the stop price.
For a Stop Loss order, enter the Stop price that the
stock must drop to (or lower) before the order is filled.
Stop orders are only permitted on the U.S. market.
To view the status of your orders any time, you can
select “Check My Orders” from the Place an Order menu
on your computer … … or on your touch-screen or mobile device.
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