A market order is your instruction to us to place an order for you when the market reaches a specific rate in the future.
There are 3 types of market orders:
1. Limit orders
Limit orders allow you to specify a best-case rate. If the market reaches that price, we'll automatically action your money transfer.
2. Stop Loss Orders
With Stop Loss Orders you set the worst rate at which you're willing to trade. If the market falls to this rate, we'll fill your trade, protecting you from a deteriorating exchange rate.
3. One Cancel the Other Order (OCO)
Place a Stop Loss Order and a Limit Order so that you can take advantage of favourable exchange rates and remain protected should the exchange rate worsen. If one is filled, we'll cancel the other for you.