Order types explained
The orders you'll use trading stocks.
- Market: immediate execution at the best available price; risk of slippage in fast or thin markets.
- Limit: fills at your chosen price or better; the market must reach it to fill.
- Stop: becomes a market order when the stop price is hit; protects against losses but can slip.
- Stop-limit: on trigger it places a limit order, controls slippage, but the fill is not guaranteed.
- Trailing stop: automatically moves your stop as price moves in your favour, protecting profit.
- OCO (One-Cancels-Other): links two orders; filling one cancels the other (take-profit + stop).
- OSO (One-Sends-Other): filling the first order automatically sends a second (entry + auto management).
Corporate actions (splits, dividends, halts, symbol changes) may require simulated account adjustments, see Terms & Conditions §34.
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