Understand order types
Market, limit and stop orders: differences that matter for execution.
Market order
Seeks execution under available market conditions. The final price may differ from the observed price, especially during volatility or limited liquidity. Confirm the size and understand the exposure before submitting.
Limit order
Defines a price limit for execution according to the direction of the order. Control over that limit comes with the possibility that the order will not execute. Expiry and partial execution rules depend on the product and platform.
Stop and protective orders
A stop order activates when a condition is met. Activation does not guarantee execution at the same price. Gaps, trading hours and liquidity may affect the outcome. Check your account rules and review pending orders when changing a position.