Order types

Order types

  • Market: An order that executes immediately at the current market price

  • Limit: An order that executes at the selected limit price or better

Order options

  • Reduce only: An order that reduces a current position as opposed to opening a new position in the opposite direction

  • Good Til Cancel (GTC): An order that rests on the order book until it is filled or canceled

  • Fill or Kill (FOK): An order that will be canceled if it is not immediately filled

  • Take Profit: An order that triggers when the Take Profit (TP) price is reached.

  • Stop Loss: An order that triggers when the Stop Loss (SL) price is reached

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