Order

Orders are directives issued by investors to buy or sell currency pairs. Market orders and limit orders represent two common types of orders used to execute FX trades.

A market order instructs the broker to buy or sell a currency pair at the prevailing market price, ensuring immediate execution but offering no control over the exact price at which the trade is executed. On the other hand, a limit order enables investors to specify the maximum price they are willing to pay when buying or the minimum price they are willing to accept when selling a currency pair. This provides greater control over the execution price but may result in the order not being filled if the market does not reach the specified price. Both market and limit orders serve distinct purposes: market orders prioritize speed of execution, while limit orders prioritize price control.

Traders carefully consider market conditions and their trading objectives to determine the most appropriate order type for their FX trading strategy.

📄️ Place order

Place a limit or market order. Either the buy amount or sell amount is required, but not both. If the order is not immediately filled or killed, but rather it is returned back with 'pending' status, then it may be necessary to try to retrieve the order again later for status updates.

📄️ Retrieve order

Retrieves the order for the given id.