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