While Market orders are executed as quickly as possible (usually within seconds), there are a few factors that may cause certain delays. Check them below ๐
The market is closed
If you place an order outside of a market's trading hours, it will only be executed once the market opens again.
Here is how you would know if the market is open:
Low liquidity
When demand vastly exceeds supply, or vice versa, a delay in execution may occur.
One way to detect low liquidity is to look at the candle price chart. Low-liquidity market conditions contribute to infrequent price updates, which produce either very tall or completely flat candles.
Here is what it looks like:
| Low liquidity ๐ | High liquidity ๐ |
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Trading venue type
Some markets, such as OTC and LSE AIM, are more prone to low liquidity conditions than other popular venues like NYSE and NASDAQ. Therefore, execution delays are expected.
Check the market type in the Instrument details: