📊Limit Order

Key Information

• Typically a passive trading style

• Optimal when the primary goal is to obtain a better price for the asset

• Utilised during periods of high volatility

What is a Limit Order?

A limit order is an order type to buy or sell a security at a specific price or better. This allows the trader to control the price at which they are buying or selling an asset.

Our limit order function, similar to a trigger order, constantly monitors market prices and executes the order once the market price matches the preset limit. Limit orders guarantee precise execution at the specified price, effectively preventing any slippage. This order type is extremely valuable in times of heightened market volatility, providing protection against undesirable slippage.