Order Type

Market Order

A market order executes instantly at the best available price in the market until the specified quantity is filled. Since the execution depends on current market depth and volatility, the final price may differ from expectations, resulting in slippage. Market orders are typically used when immediate execution is prioritized.

Limit Order

A limit order is placed on the order book and will only execute when the market reaches the specified limit price or better. Upon creation, the required cost is reserved from available collateral. Limit orders help traders avoid unfavorable fills caused by price fluctuations.

Order Option

All orders are by default GTC (Good Till Cancel), meaning they remain on the order book until fully executed or manually canceled.