A Market Order is the simplest type of trade.
Placing a Market Buy/Sell Order with an instrument is treated as a definitive commitment to enter/exit the market at the current price. Usually, Market Orders are executed instantly after their placement. Nevertheless, depending on the market conditions and the respective instrument's liquidity, it may take longer for an order to be filled.
N.B. ❗ There is an element of risk associated with market orders. Market volatility can influence the price at which your orders execute. This order type guarantees the buying or selling of shares but does not guarantee the price at which it executes. To trade at a specific price, consider using a Limit Order instead.
- Market 'Buy' Order will execute on the best available asking price.
- Market 'Sell' Order will execute on the best available bid price.
Market volatility can influence the price at which your orders execute. To trade at a specific price, consider using a Limit Order instead.
Market 'Buy' Orders
Here's how to set one: (Tutorial)
- Select a preferred instrument and open it;
- Press "BUY";
- Select the type of your Market order - Number of shares or Value order;
- Enter the number of shares or the amount that you wish to invest;
- Review the order and Send it for execution.
Market 'Sell' Orders
Here's how to set one:
- Select an instrument from your portfolio;
- *Press "SELL";
- Select the type of your Market order - Number of shares or Value order;
- Enter the quantity or the amount that you wish to Sell;
- Review and Send for execution.
*If the instrument is held within a pie, the Sell button could be missing. In this case, you need to export it first.