What order types are available to open a position?

You can open a position using four different order types. Each order type works differently based on price conditions and your trading strategy.

• Market Order: A Market Order is executed immediately at the current market price.

  • Buy Order: Executes at the best available selling price

  • Sell Order: Executes at the best available buying price

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Execution price may vary due to market volatility and slippage

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• Limit Order: A Limit Order allows you to place an order at a specific price of your choice.

  • Buy Limit Order: Price must be lower than the current market price

  • Sell Limit Order: Price must be higher than the current market price

If a limit price is set in the opposite direction, the order may get executed immediately at the current market price. Execution happens only if the market reaches your specified price.

• Stop Limit Order: A Stop Limit Order uses two prices: Trigger Price – activates the order & Limit Price – price at which the order is placed after trigger

• Buy Stop Limit:

  • Trigger Price must be higher than the current market price

  • Limit Price must be higher than the trigger price

• Sell Stop Limit:

  • Trigger Price must be lower than the current market price

  • Limit Price must be lower than the trigger price

Once the trigger price is reached, a limit order is placed. 

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• Stop Market Order: A Stop Market Order also uses a trigger price, but once triggered, it places a market order.

  • Buy Stop Market: Trigger Price must be higher than the current market price

  • Sell Stop Market: Trigger Price must be lower than the current market price

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Once triggered, the order executes at the best available market price, not a fixed price.

Important Note on Order Execution:

• All orders are executed based on market liquidity

• Prices may differ from expected levels during high volatility

• Market and Stop Limit/Market orders do not guarantee an exact execution price