The order type determines the price and conditions at which you want to buy or sell an instrument.
Three order types
A market order fills immediately at the market price.
A limit order fills at your specified price or better. It can be used to take profit.
A stop order fills at the market price once the price reaches your specified level. It can be used to limit losses.
All order types can be partially filled. Limit and stop orders may be filled in several parts at different times.
How long an order remains active depends on the market:
US stocks: unfilled orders are canceled automatically when post-market begins. Orders placed during post-market are canceled when post-market ends.
Crypto and Goods+: orders remain active until they are fully filled or canceled.
For example, you place a limit order to buy 100 shares at $10. Only 50 shares are initially available at that price, so that part of your order fills. Later, another 30 shares fill at the same price.
When post-market begins, the unfilled remainder of 20 shares is canceled automatically. In total, you have bought 80 of the 100 shares. You can place a new order for the remaining 20 shares when the market opens.
How to place an order using the form
The order form is the main way to enter orders. It has three tabs, one for each order type.
The form includes:
Order type — Market, Limit, or Stop.
Price — for a limit order.
Stop price — for a stop order.
Amount — enter it manually or use the slider.
Max below Buy and Sell — the maximum amount you can trade, including leverage.
Price step — the minimum price increment for the instrument.
How to place an order on the chart
Click a price level on the chart to place an order. The terminal selects the order type based on where that level is relative to the current market price:
Price level | Buy | Sell |
Below the current price | Limit | Stop |
Above the current price | Stop | Limit |
Find the ticker you want to trade.
Hover over the price level on the chart. A + button appears.
Click + and choose Buy or Sell. The price is entered into the order form.
Set the amount and submit the order.
Your order appears on the chart as a horizontal line showing its label, price, and remaining amount.
How to place an order from the order book
Clicking a price level in the order book enters that price into the form as a limit order. Then choose Buy or Sell, set the amount, and submit the order.
Where to see your orders
Use the tabs in the terminal's bottom panel:
Open Orders — all active orders.
Closed — filled, canceled, and rejected orders.
Positions — open positions, average price, amount, and profit or loss. Turn on Show closed positions to include positions closed during the day.
How to cancel an order
On the chart: click the cross on the order line and confirm the cancellation.
In the table: open Open Orders and click Cancel in the order's row.