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ORDERS

Order types

Orders divide into buying at the current price and waiting for a price you name. Using both means your stop and target sit in the market without you watching it.

Market order

Fills immediately at the price available. Certain to execute, but in fast conditions the fill can differ from what you saw.

Limit order

Names a better price than the current one and waits: below the market to buy, above it to sell. If the price never arrives, nothing fills.

Stop order

Names a worse price than the current one. Used for stop losses, and also to buy once price breaks past a level.

Place both at once

A stop loss and a take profit can be attached when the position is opened. Set beforehand, they remove the moment where you would otherwise revise the plan mid-move.

Where each order type sits relative to the current price.
Sell limit / Buy stopA price above the market
Current priceMarket — fills at the current price
Buy limit / Sell stopA price below the market
Market Fills immediately at the price available.
Limit Waits at a better price. If it never arrives, nothing fills.
Stop Names a worse price. Used for stop losses.

A stop and a target can both be attached when the position is opened.

This page explains our trading conditions and is not a recommendation to trade. Margin trading carries the risk of losing your invested capital.

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[Risk warning]

Foreign exchange trading carries the risk of losing your invested capital, and higher leverage increases that risk. Please consider the risks carefully and trade only within a range of loss you can bear.
Past performance neither indicates nor guarantees future results.

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This website is not directed at residents of Japan. AXIA PHOENIX FINE PROJECT does not provide services to residents of certain jurisdictions, including the United States, Afghanistan, Belarus, Burma, the Central African Republic, Congo, Cuba, Egypt, Guinea, Iraq, Iran, Lebanon, Libya, Mauritius, North Korea, Pakistan, Somalia, Sudan, Syria, Venezuela, Yemen and Zimbabwe.