Types of trades

You can trade with Macquarie Online Trading by visiting trading.macquarie.com.au and logging in with your Macquarie ID and Password.

See the selection below for instructions on the different types of trades you can do.

Single order

Once you’re logged in, click on the buy/sell icon on the left-hand menu. This will bring up the order pad where you can buy and sell shares and managed funds.

Complete the order pad with:


  1. Order Type: Single
  2. Client: The account you’d like to trade on 
  3. Select Buy or Sell 
  4. Type the 3-digit ASX Code that you’d like to buy or sell and select the ASX code from the drop down. You also have the option to view market depth by clicking on the Market Depth hyperlink. 
  5. Select the Quantity or Value*
  6. Select the Price options of either Limit** or Market to Limit***
  7. Once you’ve completed the order form and ensured it’s correct, click Next
  8. Review the order and input your 4-digit PIN to place the trade. If you don’t know your trading PIN, please call 1800 098 648.

*Minimum Order: If you do not have an existing shareholding in the security, the minimum marketable parcel you need to buy is $500 worth of shares, excluding brokerage. 
You can then subsequently increase your holding by purchasing less than $500 worth of shares.

**Limit: A limit order is where a maximum price is set in a buy order or a minimum price is set on a sell order. If a buy limit price is placed higher than the current best sell price, the order will execute at the best sell price currently in the market. If a sell limit price is placed lower than the best buy price, the order will execute at the best buy price currently in the market. Please note that if the market doesn’t reach the set limit price, the order won’t trade. Limit orders can be placed at any time but can only be executed when the market is open.

***Market to Limit: A Market to Limit order is placed at the best opposing offer when buying shares, or the best opposing bid when selling shares. If there are insufficient shares in the market to complete your order, the trading balance of your order will remain on the market at the best opposing bid/ask price until more buyers or sellers come in at that price. 

Multiple order

Multiple orders allow you to buy or sell multiple shares for one or multiple accounts at the same time. 

Once you’re logged in, click on the buy/sell icon on the left-hand menu. This will bring up the order pad where you can buy and sell shares and managed funds.

To use the multiple order functionality, complete the order pad with:

  1. Order Type: Multiple 
  2. To add a new order, click the + on the left of the client number 
  3.  You can trade the same or different assets across one or many clients that you have access to 
  4. This will bring up an order template instruction where you select: 
    • Buy or Sell 
    • ASX Code 
    • Quantity or Value 
    • Limit or Market 
    • GTC or Day
  5. Once you’ve completed the order form and ensured it’s correct, click Next 
  6. Review the order and input your 4-digit PIN to place the trade. If you don’t know your trading PIN, please call 1800 098 648.

Conditional orders

A conditional order allows you to pre-set a trade based on triggers you decide, without having to consistently monitor the market. You can plan for future market conditions, capitalise on potential trading opportunities and manage downside risk by taking action in real time to manage your portfolio.

To set up a conditional order, you select specific conditions on when to buy or sell a share. When these conditions are met, your order is triggered and sent to market. You can set a condition based on:

  1. a price: Your pre-determined action (buy or sell) will automatically trigger when the share reaches your price
  2. a percentage increase or decrease: If the stock goes beyond your specified percentage limit (based on the previous day’s open/close/high/low price) the action will be triggered.

To set up a conditional order, log into trading.macquarie.com.au and click Conditional Order on the left-hand menu.

If you receive the message “Your conditional order trading is currently not active. To activate your conditional order trading please click here,” click the hyperlink to register for conditional orders, read the terms and conditions and input your trading PIN.

In the Conditional Order Pad:

  1.  Select the account you’d like to set the conditional order for
  2. Specify the type of trigger by selecting:
    • ASX code that will trigger the order
    • The trigger type: Price – Limit or Price – Trailing Percentage
    • The condition:
      • Price – Limit: Last Trade Price $
      • Price – Trailing Percentage: Previous Day’s Open %, Previous Day’s High %, Previous Day’s Low % or Previous Day’s Close %
    • The operator: Greater than or equal to or Less than or equal to
    • The amount
  3. You also have the option to specify a daily volume condition or the time of day
  4. Set the expiry date for your trigger
  5. Specify the action by selecting:
    • Buy or sell
    •  The stock
    •  The quantity
    • The price.

Conditional orders are free and you will only pay normal brokerage when your trades are triggered and executed.

When a conditional order is triggered

If your conditional order has been triggered, you’ll receive an email and SMS (if you have opted for it). You’ll receive a notification for the following events:

  1. Placed, amended or cancelled conditional orders 
  2. Triggered conditional orders
  3. Rejected triggered conditional orders
  4. Purged conditional orders.

Check the status of a conditional order

You can check the status of your conditional orders in the Conditional orders section in the Orders tab in your account.

From this page you can: 

  1. opt to view more details on a specific conditional order
  2. check the status
  3. amend and cancel individual or all active conditional orders.

Re-use a previous conditional order

You can save time creating a new conditional order by re-using the same settings as an expired order.

  1. Simply go to the Conditional orders section in the Orders tab where you’ll see your conditional order history
  2. Find the old conditional order you want to reset, then click Reset found under the Status column. The conditional order pad will display with the same pre-filled fields.

Review all the trigger conditions and order instructions, then click Confirm to create a new conditional order.

Rules on conditions orders

  • You can set trigger conditions on equities, interest rate securities, warrants and on a different stock to the one you wish to trade. 
  • You can set a maximum of three conditional orders per stock, up to a total of 50 active conditional orders per trading account and a total of 100 active conditional orders per Access Code across all associated trading accounts.
  • Conditional orders are subject to the Macquarie Online Trading Terms and Conditions, in particular, section B Conditional Orders Terms and Conditions . When using this service, you acknowledge you understand the effect of and risks involved in with placing Conditional Orders and acknowledge that a Conditional Order may not become a Triggered Order in some situations.

Amend or cancel an active order

To view or amend an order that hasn’t been executed in full:

  1. Log in to trading.macquarie.com.au and select Accounts from the top menu bar and select Orders.
  2. Choose the order you wish to amend in the Open orders section of the Orders page.
  3. Make the required change (e.g. quantity, price or order validity).

To only amend the price of a partially filled order, leave the quantity unchanged. Our platform can recognise any partially filled amounts and only amend the amount that’s still unfilled in the market.

To cancel an outstanding order:

  1. Log in to trading.macquarie.com.au and select Accounts from the top menu bar and select Orders.
  2. Choose the order you wish to cancel in the Open orders section of the Orders page
  3. Select Cancel.

There are no extra charges to amend or cancel orders.

Experiencing financial difficulty?

Resolve a complaint

Help and support