Limit Order

A limit order permits execution only at its specified price or a better one, trading certainty of execution for control over price.

A buy limit can execute at the limit or lower, while a sell limit can execute at the limit or higher. The market may reach the price without filling the order because available quantity, queue priority, venue routing, and account checks still apply. A limit order can also fill partially, remain pending, or expire, so users should review its duration and reserved resources.