A Market Order is the simplest type of trade. Once placed, the order will be routed and filled at the best available price. Usually, the orders are instantaneous, nevertheless, depending on the market situation and instrument's liquidity it may take longer for the order to be filled.
The current price may not be at or near the last traded price, so there is an element of risk associated with market orders. This order type guarantees to buy or sell a share but does not guarantee the price at which it executes.
- 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.