Are there any limitations or restrictions when it comes to using stop limit orders for cryptocurrency trading on Fidelity?

1 answers

• Dec 28, 2021 · 3 years ago
  When using stop limit orders for cryptocurrency trading on Fidelity, it's important to understand the limitations and restrictions that may apply. Firstly, Fidelity may have certain requirements for the minimum and maximum price range for stop limit orders. This is to ensure that orders are within a reasonable range and can be executed effectively. Additionally, there may be restrictions on the types of cryptocurrencies that can be traded using stop limit orders. Some cryptocurrencies may not be available for trading with this order type due to liquidity or other factors. Lastly, it's worth noting that stop limit orders are subject to market conditions and may not always be executed at the desired price. It's important to monitor the market closely and be prepared for potential price fluctuations when using stop limit orders on Fidelity.
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