Order Types Explained

Last Updated: Feb 24, 2026

Understanding Order Execution

Market Orders

Market orders execute immediately at the best available current price. Use this when you need speed over a specific price point.

Limit Orders

Set a maximum purchase price or minimum sell price. The order will only execute if the market reaches your specified target.

Stop-Limit Orders

Triggered only after a certain price level (Stop Price) is reached. Essential for protecting assets against sudden market drops.

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