Invest Simple, Flexible: New Conditional Order Types are Out Now

At SoFi, we are proud to announce the addition of new conditional order types designed to help you manage your investments with more control. We’re committed to empowering our members with the tools and support needed to achieve their financial goals.
After the launch of new conditional order types, you can leverage Up Trigger orders , Down Trigger orders, Stop orders , and  One-Cancels-the-Other (OCO) orders to execute your investment strategy with perfection. These new conditional order types will allow you to automate desired actions based on market conditions, so you don’t have to constantly monitor the markets.

Up Trigger orders and Down Trigger orders enable you to pre-set buy or sell actions that will be placed in the market once a trigger price is reached. Stop orders, on the other hand, are set to place a market sell order when it reaches a price threshold specified by you to limit potential losses.  OCO orders let you place a pair of conditional sell orders that you can set limit order and stop limit order simultaneously. It allows you to set your desired sell price, while also protecting against downside risk. You can click into each of the new order type introductions to understand them better.

With these conditional order types, you can now manage your portfolio risk more effectively and automatically execute the actions you need based on market conditions, without having to monitor the market around the clock.

If you have any questions about these new conditional order types, don’t hesitate to reach out to our client support team. We’re here to help you invest with confidence.

More detailed information is available in the FAQ “What is a conditional order” section for your reference.

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