How Limit Orders Work on Signal

By Aisha · 2 November 2026

Being right about a prediction is one thing. Getting in at a price that makes sense to you is another.

Say you think Fola will win Next Rated at the 18th Headies. Fola’s Yes shares are selling for  ₦63 on Signal, but you’d rather buy at ₦55. You could pay ₦63 now, or set your price at ₦55 and wait for an opportunity to buy.

That second option is a limit order. It lets you decide what you’re willing to pay instead of automatically accepting the price available when you’re ready to trade.

Why use limit orders on Signal?

• Control how much you pay:
  Set the maximum price you’re willing to pay per share, instead of automatically accepting the current market price. 
• Spend less time watching the market:
  Set your target price and let your order execute automatically if a match becomes available. You won’t need to keep checking the market.
• Increase your potential returns when you’re right:
  A lower entry price means higher potential returns if your prediction wins, but it doesn’t make the outcome more certain.
• Trade on your terms:
  Decide what a share is worth to you before placing an order, rather than feeling pressured to buy because the price is moving.

A limit order won’t guarantee a better deal or a winning prediction. But it gives you more control over the price you’re willing to accept.

How to place a limit order on Signal

Let’s see how this works with the Headies market. Fola’s Yes shares are selling for ₦63, but your target price is ₦55.

Here’s how to place your order:

Find Fola’s Yes shares

Go to the Headies Next Rated market, find Fola, and tap Yes.

Switch to Limit

On the Buy tab, use the dropdown at the top right to change the order type from Market to Limit.

Set your price

Enter ₦55 as your limit price.

Choose how many shares to buy

Enter the number of shares you want. The app shows your cost, fees, and potential payout if Fola wins.

Review and confirm

Tap Review Buy, check your order details, and confirm.

If the price you want becomes available before the market closes, your order can fill automatically, either in full or in part. 

If there’s no match, your order remains open. You can cancel a waiting order at any time. Any money still on hold is released back to you once the market is resolved.

You can check your queued orders under Portfolio (Pending Orders). 

Limit order vs. market order: Which should you use?

The difference comes down to what matters more to you: price control or immediate execution.

• Market order: Buy or sell at the best available price, prioritising immediate execution.

• Limit order: Set the price you’re willing to buy or sell at, prioritising price control over an immediate trade.

Neither option guarantees a profitable trade. The right choice depends on your price target and how quickly you want to enter or exit the market.

If you want to buy now and accept the available price, a market order may suit you. If you have a target price and are willing to wait, a limit order may be the better fit.

The same principle applies when selling: a limit order lets you set the minimum price you’re willing to accept for your shares.

Set your price before you trade

You don’t have to take the available price if it’s higher than what you’re comfortable paying.

When you spot a market you want to trade, decide what the shares are worth to you. Set your limit, place your order, and let Signal look for a match.

Ready to try a limit order? Open Signal, choose a market, and set the price you’re willing to pay.