|TYPES OF ORDERS|
The system allows the user to choose between different order methods.
Basic order methods
Market: An order to buy/sell regardless of price. The order is placed for the price the financial product is traded at the particular moment in the market and depending on available quantity of stock, it is executed wholly or partly.
Limit: An order for a buy/sell limit which is implemented if the price exceeds the level selected by the investor.
Stop: An order for a buy/sell limit which is activated if the price exceeds the level selected by the investor. The use of this order is used to protect the investor by specifying a point at which the market price has exceeded the client’s expectation. In this way, potential loss is minimised.
Important Note: When the specified price level for the ‘Stop’ order appears (bid/ask price), the order is automatically converted into a Market Order i.e. the order will not be executed at the exact default price, but at the closest current market price.