Market Order Market orders are executed at the best available price at the time the order is received.
Limit Orders Limit orders rest on the server and are executed at the order rate , then becomes a market order and is executed at the best available price. Sell limit orders are triggered when the bid reaches the requested rate; limit orders to buy are triggered on the offer.
Stop Orders A stop order is an order to buy or sell once a pre-defined price is reached. When the price is reached, the stop order becomes a market order and is executed at the best available price.
- Stop entry order- this is an order placed to buy above the current price, or to sell below the current price. These orders are useful if you believe the market is heading in one direction and you have a target entry price.
- Stop loss order - this is an order placed to sell below the current price (to close a long position), or to buy above the current price (to close a short position). Stop loss orders are an important risk management tool. By setting stop loss orders against open positions you can limit your potential downside if the market moves against you.
Remember that stop orders do not guarantee your execution price – a stop order is triggered once the stop level is reached and will be executed at the next available price. You can request tic data reports for a specific period from our customer service team.