Quote Originally Posted by Ketel One View Post
Not sure if this is the best place to ask, but I figure someone here might know:

If I place a buy limit order for say 2000 shares at $1, and it gets partially filled (say 1000 shares) at $1, but following this sale the price goes up so the rest of the order is never filled, what happens? Does the broker just inform you that they weren't able to fill the order? Do you get the partial order?

I guess this will vary with different brokers / what the conditions are you agree too in the fine print somewhere etc., but as a general rule what happens? Just wondering about stuff like brokerage (i.e. do you end up with the same brokerage fee but with half the parcel of shares?).

(Ps. Hi all, first post! Been lurking for a long while so thought I should sign up.)

I'm a property investor and know next to nothing about shares. But I dabble a little and use Direct broking and do all transactions online. It's dead easy to change orders or cancel unfilled portion, or increase price etc. Their fees seem to be much better than other brokers, and you don't have to talk to anyone if you can't be bothered. Like me! Mind you I only buy things - I've never tried selling, but it looks easy..