Why Am I Getting the Error “MS Rejection: Order Price Not in Range”?

trader2B^® Help & Learning / Knowledge Base / Order Execution

This error occurs when your limit order price is outside the permitted range of the current market price.

Placing limit orders within 5% above or 5% below the current market price is allowed. Orders placed outside this range will be rejected.

Example

If a stock is currently trading at $100, you can generally place a limit order between $95 and $105.

If your order price falls outside this range, you may receive the error “MS Rejection: Order Price Not in Range.”

Adjust your limit order price to fall within the permitted 5% range, then submit the order again.