Canceling a Pending Order
Once you’ve placed an order, you may have the option to cancel it before it’s executed.
You can only cancel pending orders. You can’t reverse an order that’s been executed in the market.
There are two ways to cancel a pending limit order or stop order in your app.
From the Investing tab:
From the Account tab:
The market data displayed in this demo is not in real time.
If you attempt 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 we suggest that you cancel your pending order before 9:25 AM ET to avoid an execution.
The process for canceling a pending fractional order is exactly the same as for an order in whole shares. However, there are a few cases in which you won’t be able to cancel a pending fractional order.
You can’t cancel a pending fractional order:
• During a trading halt: Trading on a particular security or in the market as a whole can be halted for a variety of reasons. If a particular security or the market overall is experiencing a trading halt, you’ll 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, unfortunately at that point you would not be able to cancel your fractional order. The order would then execute once the halt is lifted.
• Between 9:20-9:30 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 9:20-9:30 AM ET because it is 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’).
© 2021 Robinhood Markets, Inc.