Lesson Basic order types and durations
Discover why a risk review happens and what to expect.
Depending on different circ*mstances, some orders may go through a ‘Risk Review’. This means that the order has to be manually reviewed by Questrade’s staff before it is sent to the market for a variety of reasons.
Risk Reviews can be triggered for a variety of reasons. The following list includes some scenarios that could trigger a risk review:
- Trading a large amount of shares or option contracts in a single order
- Placing a large market value transaction for equities or options
- Placing an order to short sell where we don't have sufficient inventory of the security
- Placing an order on a security undergoing a corporate action
- Orders placed in rapid succession
Orders may be reviewed due to multiple factors including a factor not listed here. Questrade reserves the right to review or reject any order prior to sending the order to market. You may always cancel an order while it is being reviewed. On average, orders that undergo a risk review are either approved or rejected within minutes.
Note:The information in this blog is for educational purposes only and should not be used or construed as financial or investment advice by any individual. Information obtained from third parties is believed to be reliable, but no representations or warranty, expressed or implied, is made by Questrade, Inc., its affiliates or any other person to its accuracy.
