Your questions about SoFi Hong Kong are answered here

A conditional order is the order that will only be triggered and submitted to the market when the preset condition is met.

Once you place a conditional order, your buying power or relevant holdings will be immediately put on hold, to ensure that when the triggering condition is met, you have sufficient funds to execute the order.

You cannot amend the conditions of a conditional order once it has been submitted. If you want to amend a conditional order, please cancel the original order and submit a new one.

After the conditional order is triggered, the system will place a limit order or market order automatically when the triggered price is reached. As the market may be volatile, there is no guarantee that the triggered order will be filled.

You can hold a conditional order for 30 trading days then it will be automatically canceled by the system.

For the Hong Kong Market, a conditional order may only be triggered and executed in the Continuous Session. For the US Market, an Extended Hours Trading enabled conditional order may be triggered and executed in the Core Trading Session and Extended Hours Trading Sessions, while an Extended Hours Trading disabled conditional order may only be triggered and executed in the Core Trading Session.

Please note that the conditional order is considered as a complex order and you are advised to exercise caution in relation to using the conditional order.

Down Trigger Order Available for Hong Kong and US stocks

A down trigger order is a type of conditional order that when a specific price is reached, a buy or a sell order will be automatically placed by the system. You can choose either a limit order or a market order.

A down trigger limit order is a pending buy or sell order with a trigger price and a specified limit price. The trigger price must be lower than the nominal price of the stock. When the trigger price is reached, an order with the limit price will be placed.

A down trigger market order is a pending buy or sell order with a trigger price whereas the trigger price must be lower than the nominal price of the stock. When the trigger price is reached, a market order will be placed.

Notes: If you want to amend a down trigger order, please cancel the original order and submit a new one. If you place a down trigger buy market order, they do not guarantee execution at a specific price. They may fill at a price far better or worse than the current price. Your account may result in having insufficient funds to settle the market order and may result in a negative cash balance.

Up Trigger Order Available for Hong Kong and US stocks

An up trigger order is a type of conditional order that when a specific price is reached, a buy or a sell order will be automatically placed by the system. You can choose either a limit order or a market order.

An up trigger limit order is a pending buy or sell order with a trigger price and a specified limit price. The trigger price must be higher than the nominal price of the stock. When the trigger price is reached, an order with the limit price will be placed.

An up trigger market order is a pending sell order with a trigger price whereas the trigger price must be higher than the nominal price of the stock. When the trigger price is reached, a market order will be placed.

Notes: If you want to amend an up trigger order, please cancel the original order and submit a new one. An up trigger market order is applicable to sell order only.

Stop Limit Order Available for Hong Kong and US stocks

A stop limit order (SLO) is set to sell a stock at a limit price or better when it reaches a price specified by you. SLO is designed to limit an investor’s loss on a position or to take profit.

When the nominal price of the stocks falls to or below the trigger price of your order, the SLO will be triggered for execution.

For the Hong Kong Market, a stop limit order may only be triggered and executed in the Continuous Session. For the US Market, an Extended Hours Trading enabled stop limit order may be triggered and executed in the Core Trading Session and Extended Hours Trading Sessions, while an Extended Hours Trading disabled stop limit order may only be triggered and executed in the Core Trading Session.

Notes: If you want to amend a stop limit order, please cancel the original order and submit a new one. A stop limit order is applicable to sell order only.

Stop Order Available for Hong Kong and US stocks

A stop order (SO) is set to place a market sell order when it reaches a price specified by you. SO is designed to limit an investor’s loss on a position or to take profit.

When the nominal price of the stocks falls to the trigger price of your order, the SO will be triggered and executed at market price.

For the Hong Kong Market, a stop order may only be triggered and executed in the Continuous Session. For the US Market, an Extended Hours Trading enabled stop order may be triggered and executed in the Core Trading Session and Extended Hours Trading Sessions, while an Extended Hours Trading disabled stop order may only be triggered and executed in the Core Trading Session.

Notes: If you want to amend a stop order, please cancel the original order and submit a new one. A stop order is applicable to sell order only.

One-Cancels-the-Other Order Available for Hong Kong and US stocks

A One-Cancels-the-Other (OCO) order is a pair of conditional sell orders that you can set limit order and stop limit order simultaneously. When either the limit order is fully filled or the trigger price of the stop limit order is reached, the other order is canceled automatically by the system.

The limit order will first be queued in the market. When the limit price is reached and the limit order is fully filled, the stop limit order will be canceled. Conversely, when the nominal price of the stocks falls to or below the trigger price of your order, the limit order will be canceled, and the stop limit order will then be placed in the market.

Note: If you want to amend a One-Cancels-the-Other order, please cancel the original order and submit a new one. A One-Cancels-the-Other order is applicable to sell order only. The stop limit price must be less than or equal to the trigger price and the trigger price must be less than the nominal price of the stock.