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What is an Order?
An order is a request to open a position at a future time. You place an order either when you want to wait for the instrument to reach a particular price, or when the market is closed and positions cannot currently be opened.
To place an order, tap “Advanced” on the position screen, then select “Buy/Sell when the rate is”. You then have two options:
- Set a specific rate, and a position will be opened on your behalf when the requested rate is reached or surpassed. The opening rate is not guaranteed, as the price can change by more than one pip at a time.
- If the market is closed, you can request that a position be opened at the platform’s opening rate when trading resumes. This is known as a Market-on-Open order.
If an order doesn’t open a position in 90 days (30 days for demo orders), it will expire and no longer be available.
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