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:
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- Minimum Purchase Amount: Equity purchase orders must be at least $100.
- Cash Balance: You can only invest funds available in your account's cash balance.
- Queued Funds: Funds in a queued order remain accessible via your Forma Card. If used, the queued order will not be processed.
- Order Confirmation Timeline: Buy orders are confirmed within 1-3 business days, while sell orders take 3-5 business days.
- Single Queued Order Limit: Only one buy or sell order can be queued outside market hours.
- Placing New Transactions: To submit a new transaction, cancel the existing order or wait for the market to open the next day.
When you place an order outside of market hours, you will receive an in app notification confirming that your order is queued.
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?