Market trading hours are from 9:30 am to 4:00 pm ET on market open days. If you wish to place an HSA order outside of these hours, you can use Forma to submit a queued equity purchase or sale, which will be executed during the next market open.
Important Notes:
- Minimum Purchase Amount: Equity purchase orders must be at least $100.
- Cash Balance: You can only invest up to the amount of cash available in your account.
- Queued Funds: Funds placed in a queued order remain available for use with your Forma Card. If you use these funds, the queued order will not be executed.
- Order confirmation timeline: Buy order confirmations take 1-3 business days and sell order confirmations take 3-5 business days.
When you place an order outside of market hours, you will receive an in app notification confirming that your order is queued.
Please note the following:
- You can only have one buy order or one sell order in the queue outside of market hours.
- To place a new transaction, you must either cancel the existing order or wait until the market opens the next day.
If you have a buy order or sell order and want to buy or sell again, the “Get Started” button will be grayed out.
If you have an active buy or sell order in the queue and wish to place another order, you will need to first review or cancel the existing order before proceeding.
To learn more about how to set up an investment account and invest funds on Forma, refer to the article Can I invest my HSA money?