Market Order
Co-Founder•1 min read
A market order is an instruction to buy or sell a currency (or other asset) immediately at the best available price in the market.
It guarantees execution but not the exact price, as rates can change slightly between the time the order is placed and filled — especially in fast-moving markets.
Example:
A business places a market order to sell €100,000 for GBP. The trade executes instantly at the current market rate, whatever that rate is at that moment.
Used in:
Spot FX trading, share dealing, and other financial markets where speed of execution is more important than price precision.