Whether you can cancel a sale depends on the type of order you placed.
Market Order
A Market Order is an instruction to sell (or buy) shares at the current market price.
- The trade is carried out immediately once you place the order.
- The final price may be slightly higher or lower than the last quoted price you saw, depending on how the market moves at that moment.
- Because the trade happens right away, a Market Order cannot be cancelled once it is placed
Example
If the share price is showing as 100 NOK, and you place a Market Order to sell:
- Your shares will be sold as quickly as possible at the best available price.
- This might be 100 NOK, or slightly above or below, depending on the market at that second.
When to use a Market Order
- If your priority is to sell quickly rather than wait for a specific price.
- A Market Order is a sale placed at the current market price.
- These are processed immediately as live trades.
- Once placed, a Market Order cannot be cancelled.
Limit Order
A limit order is an instruction to a broker to buy or sell a security at a specific price. Please note that Limit orders offer price control but do not guarantee an immediate or even any execution if the market never reaches your specified limit price.
- A Limit Order is a sale placed with a specific minimum price.
- We can request a cancellation with our Broker, but it is not guaranteed.
- We will confirm with you as soon as possible if the cancellation was successful.
What you can do
- Double-check your order type before placing a sale.
- If you placed a Limit Order and wish to cancel, please contact support immediately so we can review it for you.