Trade Republic offers 3 types of orders:
Market order: This is an order to buy or sell a certain number of securities at the next best price. Unlike a limit order, an order without a limit is executed in the marketplace at the next best price – "cheapest" for purchases and "best" for sales. The price per unit shown or the total order value is therefore not binding and is only considered a guide.
Limit order: You can use a limit order to buy or sell a certain number of securities at a predetermined or better price. The limit order is executed as soon as the price of the security reaches your predetermined limit price. Each limit order has a certain period of validity during which the order can be executed. You can choose between a validity of one day or 360 days. At the end of the validity period, your order expires and will be cancelled.
Stop order: You can use a stop order to buy or sell a certain number of securities at a predetermined lower price. The stop order will be executed as soon as the price of the security reaches your predetermined stop price. Each stop order has a certain period of validity during which the order can be executed. You can choose between a validity of one day or 360 days. At the end of the validity period, your order expires and will be cancelled. We can’t guarantee that the market maker will accept an order.
If your order hasn’t yet been executed, you can always add, edit, or delete your orders via Wealth > Orders & Insights > Orders.