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Market Orders

A Market Order is the simplest type of trade. It instructs your broker to complete the transaction as quickly as possible at the best available price. There are only two market order types, namely, buy and sell orders, which, when executed, will buy or sell the asset at the prevailing market price.

The order is usually executed right away, but sometimes it can take longer depending on the market conditions. It will be filled at the best price available during the moment of execution in accordance with our best execution policy obligations.

N.B. ❗When you use a Market Order to buy or sell shares, there is a risk that the price may change before the order is executed. This means you might end up buying or selling at a higher or lower price than you expected. If you want to make sure you buy or sell at a specific price, you should use 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 'Buy' Orders

  1. Select a preferred instrument and open it;
  2. Press "BUY";
  3. Select the type of your Market order - Number of shares or Value order;
  4. Enter the number of shares or the amount that you wish to invest;
  5. Review the order and Send it for execution.

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Market 'Sell' Orders

  1. Select an instrument from your portfolio;
  2. Press "SELL";
  3. Select the type of your Market order - Number of shares or Value order;
  4. Enter the quantity or the amount that you wish to Sell;
  5. Review and Send for execution.

Note: If the position is held within a pie, the Sell button will be missing. In this case, you need to export it first. 

Note: The minimum investment amount should be at least 1 EUR/GBP/USD. On the other hand, the maximum trading quantities are subject to immediate change without prior notice.

Pros of market orders

One of the main pros of a market order is the speed of execution. Unlike other orders, such as limit orders, which only execute at a specified price, a market order executes immediately at the next available market price. This means you can buy or sell shares quicker. But it should be noted that the next available price might not be your preferred one if the stock is illiquid or it is a fast moving market with big price gaps. Overall, the advantage of using a market order is the certainty of execution. When you place a market order, you are much more likely to get the shares you want but just without the extra certainty over the price offered by a limit order.

Cons of market orders

One of the main cons of a market order is its vulnerability to price volatility. Since market orders execute at the current market price, they are susceptible to sudden price movements. This can result in significant losses or missed opportunities in a volatile market. For example, if you place a market order to buy shares of a company, and the price suddenly spikes, you may end up paying more than you intended. Alternatively, if you place a market order to sell shares, and the price suddenly drops, you may receive less than you expected.

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