A trade order is a type of order that is placed to open a trade, involving the buying or selling of an instrument at a certain price. The most common trade orders include market orders, limit orders and stop-loss orders.
A market order is a buy or sell order for a financial instrument at the current prevailing price level. It's well suited to high-volume trades in particular, as it's considered to be the fastest type of order. A trader will place a market order to pay the immediate bid or ask price.
Limit orders are an execution tool that trigger a buy or sell trade at a specified price, either above or below the current market price, and often within a set time period. There are two main types of limit order: buy and sell limit orders, which execute trades at different prices.
Market orders are effective for immediate trades, whereas limit orders can can help to protect your capital, as your buy or sell order will only be placed at your specified price. Learn more about order execution
No, you can’t place most market orders when the market (or instrument that you want to trade) is closed. You can, however, place limit orders and stop-entry orders when the market is closed.
You can register to receive notifications from your PC or via our app, which alert you when market orders and other execution types are triggered in your account. Find out more about trading alerts
A stop-loss order is a market order that helps you manage risk by closing your trade at a pre-determined level. It's a risk-management tool that you can attach to your order ticket to help to minimise any loss on your trade.
We offer a regular stop-loss order, plus a trailing stop-loss order and a guaranteed stop-loss order. Find out more about these risk-management order types in our FAQs below.
From the ‘Order Settings’ panel, you can select to automatically apply default stop-loss and take-profit orders to any trades placed through one-click trading, and set the default distances and expiry behaviour. Learn about our execution types.
You can add stop-loss orders to market orders, including regular, trailing and guaranteed stop-losses. Learn about the different types of stop-loss orders that you can use to help limit any potential losses.
A trailing stop-loss order is similar to a regular stop-loss order, but it moves with a positive trend direction, remaining at the distance specified when the order was placed, while staying static during negative trend movements. A trailing stop-loss can help a trader follow the classic mantra of ‘cut your losses and let your profit run’.
A guaranteed stop-loss order (GSLO) is a type of risk-management tool that works in the same way as a regular stop-loss, except that, for a fee, it guarantees to close you out of a trade at the price you specify, regardless of market volatility or gapping. We'll refund the fee if the GSLO doesn't get triggered.
Guaranteed stop-loss orders (GSLOs) will always be filled at the level you specified, even in periods of high market volatility, when there is a higher potential for market gapping, or slippage.
If the instrument's price action hits your specified stop level, the GSLO is triggered and your position will close out, minimising your loss on the trade. However, if the GSLO is not triggered, the premium is refunded in full.
Test your risk-management strategy with our spread betting demo account.
You can set up a guaranteed stop-loss order (GSLO) when placing a trade via the order ticket. A GSLO has a fee, which will be displayed on the order ticket. If your GSLO isn't triggered, we refund the cost in full. Learn more about how risk management forms a key part of any trader's strategy.
A guaranteed stop-loss order (GSLO) works in the same as a regular stop-loss order, except that for a fee, it guarantees to exit a trade at the exact price you specify, regardless of market volatility.
When market conditions are particularly volatile, which can result in sudden and extreme price movements, market gapping (or slippage) can occur. This can result in a regular stop-loss order being triggered at a different price to the one you've set.
Using a GSLO in volatile markets offers a guarantee to close the trade at your specified level. If your GLSO isn't triggered, we refund the fee in full. Find out more about volatility in trading.
Our one-click trading tool enables fast execution, and simplifies the trading process. With one-click trading, you can also pre-set stop-loss and take-profit orders, which will then be applied to the ticket, and place pending orders. One-click trading can be particularly useful in volatile markets.
You can activate the one-click trading feature from our trading platform. Once you've logged in, select the 'Settings' menu, and choose 'Order Settings'. You'll then need to tick the box, read the terms and conditions, and select 'Activate'.
One-click trading allows you to place trades immediately, so you don't miss out if market prices move suddenly in the wrong direction. From 'Order Settings', you can also set up default order types, including stop-loss and take-profit orders, while you can also trade on multiple instruments at once.
Once you’ve filled out your buy or sell order ticket and placed the trade using one-click trading, it can’t be reversed or cancelled. However, once the position is open, you can close the position. View our one-click trading terms of use for more information.
To enable one-click trading on the MT4 platform, navigate to the menu at the top of the window and select ‘Options’. Find the ‘Trade’ tab and make sure the ‘One-Click Trading’ box is ticked. You'll need to agree to the terms and conditions.
Ladder trading uses built-in technology that makes it possible to execute larger trade sizes in a single transaction, without having to place multiple trades. Our platform uses price laddering to offer you more price levels to execute your trade, in order to reach your desired position amount.