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Market Order

Refers to an order containing the instruction to buy or sell at the best available price current as of that moment in the related trading platform.

Actively Priced Order (Don’t Let Slippage)

It refers to an order which tries to trade at the price chosen by you, but is rejected if the price has changed. Shortly, order is either instantly executed at the chosen price or cancelled.

Actively Priced Order (Let Slippage Up to the Pre-determined Pip*)

It refers to an order where the price chosen by you is permitted to slippage only up to a pip pre-determined again by you. If the price remains within the pre-determined pip range starting from the moment of choice, order is executed instantly. But if the price goes beyond this range, order is cancelled.

* “Pip” is an acronym for "percentage in point" or "price interest point." A pip is the smallest price move that an exchange rate can make based on forex market convention.

Limit Order

Refers to an order containing the instruction to buy or sell at a fixed price determined by you, i.e. an order which is executed when the market price reaches the price level determined by you. Validity time for order may be determined by you until a chosen date or until being cancelled.

Stop Order

Stop order means a type of order containing instruction to buy a security at a price above the then-current market price or to sell a security at a price below the then-current market price. Validity time for order may be determined by you until a chosen date or until being cancelled.

Protection Orders

Take Profit Order

Refers to a type of order giving a level above the market price for long positions and below the market price for short positions, and containing instruction to close the position at that level.

Stop Loss Order

Refers to a type of order giving a level below the market price for long positions and above the market price for short positions, and containing instruction to close the position at that level.

Note: In case of sudden price movements, there may be slippages in levels determined for take profit and stop loss orders.

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