Yes! Pearler allows you to place limit orders for manual AU & US share orders.

You can place limit orders by specifying a limit price on the "Buy" screen (click "Basic Mode") when making an investment on Pearler. Most limit orders have an expiry of 30 days before the order is automatically cancelled.

With limit orders, the order will attempt to execute when the market price goes below your buy limit price or above your sell limit price.

For a buy order, you would set a price below the current market price to try and get the shares at a cheaper price.

For a sell order, you would enter at a price higher than the current market price to try and get a better sale price.

We can only guarantee the price and not the execution of limit orders.

If the order hasn't started to execute, you have the option to cancel and replace the order as a market order or with a different limit price if you wish. Otherwise, most limit orders usually come with a 30-day expiry before it gets automatically cancelled.

[BLOG] What's the difference between a market order and a limit order?

There are certain assets where market orders are unavailable due to the potential high volatility of the final order price, in which case we enforce a limit order.

Please see the following article for more information on this topic:

Why is my account overdrawn?

If you have any questions, feel free to reach out via our live chat function :)