Trading Orders | Trailing Stop Order | Pending Order | Stop Limit Order | IFCM
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Trading Order Types


InstantThe market order is sent to the broker along with the current market price within the client trading terminal. If the price provided by the client matches the server price, the order is executed. Otherwise, the client is provided with a requote.
MarketThe market order is sent to the broker without the current price of the client trading terminal. So, such order is always executed by the current server price without any possibility of a requote


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Sell LimitSet at a price higher than the current market priceExecuted at the price set by the client or at a better price
Buy LimitSet at a price lower than the current market priceExecuted at the price set by the client or at a better price
Sell StopSet at a price lower than the current market priceExecuted at the price set by the client, except the cases of price gaps, when the order may be executed at the first price available in the market
Buy StopSet at a price higher than the current market priceExecuted at the price set by the client, except the cases of price gaps, when the order may be executed at the first price available in the market


For ECN account type Buy/Sell Limit orders may be executed partially according to the volume available in the market. In that case, your order may be divided into several smaller orders.

Pending orders have the following subtypes:

Linked Stop and Limit Order – Stop loss and Take profit orders, which are linked to specific open position or a pending order. If the market price reaches the level set in a linked Stop Loss or Take Profit order, such position is automatically closed. Stop loss order is set and executed by rules of Pending Stop order. Take profit order is set and executed by rules of Pending Limit order.

One Cancels the Other (OCO) – a combination of two pending orders set to open a position at prices different from the current market price. Execution of one of the two orders brings to an automatic removal of the remaining one. Available in NetTradeX trading platform only.

Activated Order – activated order is a pending order that is set when the price reaches the level of activation. Available in NetTradeX trading platform. On MetaTrader 5 platform, the activated orders are called Buy Stop Limit and Sell Stop Limit

Trailing Stop Mode – provides a mechanism for automatic shift of the linked Stop Loss order according to the following rule: if the position's profit becomes greater than a specified fixed distance, the Stop Loss order is moved to a level where the difference between the current market price and the order price is equal to that distance. In case the Stop Loss order has not been initially set, but the Trailing Stop mode has, the Stop Loss order is set automatically at the price of position opening when the profit becomes equal to the distance specified in the mode. Trailing Stop in NetTradeX trading platform is a server-side mode which remains active even when the client’s terminal is turned off.

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Author
Mary Wild
Publish date
09/10/25

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