Cancel a pending order
After placing an order, you might have the option to cancel it before it’s executed within the app.
You can only cancel pending orders. You can’t reverse an order that’s been executed in the market.
To cancel a pending order in the app:
Even if you try to cancel a regular-hours order (Good-til-Canceled or Good-for-Day) for a NASDAQ-listed stock between 9:25 AM ET and 9:30 AM ET, we’ll keep the order open in the pending state until the opening cross for the stock. The opening cross usually happens at 9:30 AM ET. This is a NASDAQ rule that we can’t change, so be sure to cancel your pending order before 9:25 AM ET to avoid an execution.
You can cancel a pending fractional order the same way as you would cancel a pending whole-share order.
However, there are times when you can’t cancel a pending fractional order:
• During a trading halt - If a security or the market overall is experiencing a trading halt, you may have the option to cancel pending fractional orders, but the cancel requests won’t be processed until the halt is lifted. These halts are not Robinhood’s decision and the timing of them is beyond our control.
If you place a fractional order and it’s routed to a market center but a trading halt goes into effect before the order executes, you cannot cancel it. The order will execute when the halt is lifted.
• Between 9:20 and 9:30 AM ET - If you placed a fractional order outside of trading hours and you want to cancel it prior to market open, you must do this before 9:20 AM ET. You can’t cancel fractional orders between 9:20 and 9:30 AM ET because it's too close to market open.
All investments involve risks, including the loss of principal. Investors should consider their investment objectives and risks carefully before investing. Robinhood Financial LLC (member SIPC), is a registered broker dealer. Robinhood Securities, LLC (member SIPC), provides brokerage clearing services. Robinhood Crypto, LLC provides cryptocurrency trading. All are subsidiaries of Robinhood Markets, Inc. (‘Robinhood’).