Place an order

Placing an order on your Netwealth Share Trading account can be quick and simple. Follow the below steps to place a trade with us today.

Access the trading order pad from the home page of our website, select Trading > Share Orders > Place Order.

The order pad will launch as per below and require the fields marked with an asterisk to be filled to proceed with an order.

1. Account: In this first line you will be able to view your trading account number and account name. If you have multiple accounts, you can select the account you wish to trade on from the drop-down box.
2. Order Type: Select BUY or SELL depending on whether you would like to purchase or sell shares.
3. Code: Enter the security code. You can search for the security code by simply typing the company name in the search box.
4. ‘Quantity’ or ‘Value’: ‘Quantity’ refers to the number of units or shares you would like to purchase. ‘Value’ refers to the approximate dollar amount you would like to spend on your purchase.
5. ‘Price Limit’ or At ‘Market’: Select whether you want your order to be traded at a ‘Price Limit’ or ‘At Market’ value.
   ‘Price Limit’ allows you to provide a maximum dollar amount you are willing to pay when buying shares and the minimum dollar amount you are willing to receive when selling shares.
   Alternatively, ‘At Market’ allows you to place the trade at the best current available market price which may not be a guaranteed price. Please Note, the ‘At Market’ option can only be selected during market hours – 10:00am to 4:00pm (Sydney time).
6. Expiry: Set an expiry date for your order. You can either choose the default expiry date which means your order will remain in the market for a maximum of 21 calendar days unless executed or ‘Good for day’ which means your order will remain valid for the current trading day and expire at the end of the trading day if it has not executed.
7. Once all the required fields are completed on the order pad, our system will automatically calculate the indicative Order Value, Brokerage & Costs and Total. If you wish to make any amendments to any of the 6 steps above, simply click on those fields and make your desired changes. The total will be re-calculated based on the changes you have made. Once you are happy with the order details, click Proceed to review your order before submitting to market.