A market order is a request to execute a trade immediately at the best available price. Unlike pending orders that wait for a specific price level, market orders are executed as soon as they reach the trading server.
Attribute | Description |
---|---|
Execution speed | Immediate |
Entry price | Best current market price |
Order type | Buy or Sell |
Slippage risk | Possible during volatility |
Use case | Fast entries or exits |
When to Use Market Orders on Exness:
Market orders help avoid missed opportunities when speed matters most.
On the Exness platform, market orders are processed based on real-time liquidity from multiple providers. This structure is designed to offer low latency and competitive pricing.
Step | Explanation |
---|---|
Order placement | User clicks Buy or Sell |
Price confirmation | Platform shows current bid/ask |
Execution | Order filled at next best available price |
Confirmation | Position appears in open trades |
Platform Conditions Affecting Market Order Execution:
Execution speed depends not only on platform technology but also on market depth.
Exness offers various order types, each with unique functions. Market orders are designed for speed, while others focus on price precision.
Order Type | Execution Time | Price Guarantee | Use Case |
---|---|---|---|
Market Order | Immediate | No | Quick entry/exit |
Limit Order | Delayed | Yes | Precise entry below market (buy) |
Stop Order | Conditional | No | Trade after price crosses a level |
Stop Limit Order | Conditional | Partial | Combined precision and control |
Strengths of Market Orders:
Traders must weigh speed vs. price accuracy when selecting order types.
With Exness market orders, there’s a possibility that the final executed price differs slightly from what was seen on screen. This is known as slippage and occurs more often in fast-moving markets.
Market Condition | Slippage Likelihood | Impact on Trade |
---|---|---|
High volatility | High | Entry price may shift |
Low liquidity | Medium | Fewer quotes available |
Stable markets | Low | Price nearly constant |
During news release | Very High | Large unexpected moves |
How to Manage Slippage on Exness:
Exness allows configuring maximum deviation to control price tolerance.
All Exness account types support market orders, but the execution model and cost may vary slightly between them. Commission-based accounts may offer tighter spreads, which affects the overall trade value.
Account Type | Spread Type | Commission | Execution | Market Order Support |
---|---|---|---|---|
Standard | Floating | No | Market | ✔ |
Pro | Floating | No | Instant | ✔ |
Raw Spread | Raw (0.0) | Yes | Market | ✔ |
Zero | Zero | Yes | Market | ✔ |
Considerations When Choosing an Account:
All accounts give access to market orders with slight cost and speed differences.
Exness market orders offer a fast and effective way to open or close trades based on current pricing. Whether you're entering a breakout, closing during volatility, or managing a live event trade, market orders allow you to react without delay.
Understanding how Exness processes market orders, including factors like slippage, spread, and execution method, allows traders to use this order type more effectively. It’s a tool best used when time matters more than exact price.