A market order is an instruction to buy/sell at next available price. The final execution price may differ from the original quoted price when the order was placed. Please read the slippage section for more details.

Our trading system offers a One-Click order function. By simply clicking on the prices displayed on the screen, you may open, close, hedge, or close all positions for the same currency instantaneously. This way, you will not miss any trading opportunities.

One-Click Order with Stop Loss

With One-Click order, you can preset a stop-loss point distance. For example, if you set 15 pips. You "click" to buy the EUR/USD at 1.08060 and have it executed successfully, a stop order at 1.07910 will be automatically generated as a stop-loss.

One-Click Order with hedging

You can enable hedging with One-Click order. For example, you hold a buy position in EUR/USD, when this function was enabled, clicking on the sell button of EUR/USD will not close the existing buy position, the system will open another position to sell EUR/USD at next available price resulting in a hedging (locked) position. (Please use the hedging function with caution, if you do not understand this function, please leave this function disabled.)

A limit order is an order to buy/sell at a price specified by you. The execution price is the pre-determined order price. If you want to place an order to buy, you may specify a price below the current market price. If you want to place a sell order, you may specify a price above the current market price. The limit order will only be executed once the market reaches the price you specified. You can open or close a position with a limit order. Regarding favourable/unfavourable price movement, please read our slippage policy.

A stop order can generally be used as a stop loss. It is used for the purpose of preventing additional loss if the price goes against your position. A stop order is triggered when the market price reaches a specified price (see example 2). In some situations, experienced traders may also use a stop order to open a position by placing a buy order with a price above the market or a sell order with a price below the market. (see example 1).

OCO order allows client to place two orders at the same time. It combines a limit order, with a stop order, but only one of the two can be executed.

In other words, as soon as one of the orders get partially or fully filled, the remaining one will be canceled automatically.

Note that canceling one of the orders will also cancel the other one.

An order containing two stages, when the first stage (open position) order is filled, the second stage (close position) order will take effect. Such order for both stages can be either limit order or stop order.

IFD-OCO is a combination of an IFD and an OCO order.

The entry order of limit or stop, along with take profit and stop loss orders will be placed simultaneously. The closing order (i.e. take profit and stop loss) will remain dormant until the entry order has been executed.

Example of IFD, OCO and IFD-OCO:

Limit and stop orders are not executed immediately. When placing such orders, you may choose the expiration period for your order. Below are the types of expiry.

In Forex trading, slippage is the difference between the expected price when the trade was ordered, against the actual price that the trade was executed at. It is a common phenomenon in Forex trading. Slippage can be either positive (favourable price movement) or negative (unfavourable price movement).

Due to the fast pace of price movements, slippage may occur due to the delay that exists between the time of placing an order and the time it is executed. A delay in execution may occur for various reasons, such as technical issues with the internet connection, lack of available liquidity or when large orders are placed.

Slippage also occurs during periods of high volatility, maybe due to news event that makes it impossible to execute trade orders at the expected price because the market may have moved significantly away from that price. The order can only be executed at next available price.

One way to mitigate the risk associated with slippage is to utilize the Slippage setting feature on our trading system.

Please note that slippage policy is various in different kinds of order types. Kindly refer to the following table:

Slippage Setting

Please enter [Trade] tab after login to our trading platform, then click the user preference icon and edit the maximum slippage pips. Untick the [No Restriction] box and enter the maximum slippage allowed in pips.

In another way, clients can also edit the maximum slippage pips allowed in order panel, and check the [ON] box to activate the function.

For example, the maximum slippage pips allowed is 5 pips, and the rate of EUR/USD ask price is 1.13600. The order will be executed below 1.13650. (Please refer to the table below)