Order Types: Market, Limit, and Stop

Funded with Flow gives you three core order types in the Trade terminal order ticket: market, limit, and stop. A market order fills right away at the current price, a limit order fills only at your chosen price or better, and a stop order waits for a trigger price before turning into a market order.

Market orders

A market order asks to buy or sell immediately at the best available price. Use it when getting into or out of a position quickly matters more than the exact fill price. Because it takes whatever price the market offers, the fill can differ slightly from the last quote you saw, especially when a symbol is moving fast. You place market orders on stocks and futures straight from the order ticket on the /trade terminal.

Limit orders

A limit order lets you name the price. A buy limit fills at your limit price or lower, and a sell limit fills at your limit price or higher. This gives you control over price, with the tradeoff that the order may not fill at all if the market never reaches your level. Limit orders are handy when you want to enter on a pullback or exit at a specific target rather than accept the current price.

Stop orders

A stop order stays inactive until the market hits your trigger price. Once that price prints, the stop becomes a market order and fills at the next available price. Traders often place a sell stop below a long position to cap downside, or a buy stop above the market to enter on a breakout. Keep in mind that a stop becomes a market order when triggered, so in fast conditions the fill can come in past your trigger.

Brackets for automatic exits

If you want an exit to manage itself, attach Take Profit and Stop Loss brackets to an open position from the close dialog on the Trade terminal. You can set each level by percent, dollar, or price, and the platform will auto exit when the level is reached. This is a clean way to define your risk the moment you are in a trade.

Order behavior and any contract or position limits vary by plan, and the live figures for your account are on the Pricing page and your Accounts page. For account-specific help, email [email protected].

Get comfortable with all three, and you will always have the right tool for the entry or exit you have in mind.