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 instead using a Limit Order.
Market 'Buy' Orders
Here's how to set one: (Tutorial)
1. Select a preferred instrument
2. The number of shares you would like to buy at the current price.
3. Review and Send your order
Market 'Sell' Orders
Here's how to set one:
1. Select your preferred instrument.
2. The number of shares you would like to sell at the current price.
3. Review and Send your order