Order Types

The FastIQ platform offers a full range of order types. For speed and ease, all order types can be placed simultaneously from one order ticket.

Limit Orders

Limit orders allow you to set a limit on the price you're willing to accept a fill at. Available on both entry orders or profit targets for existing positions.

Market Orders

For the urgent moments where timeliness is secondary to the possibility of price slippage, market orders combined with 1 Click trading allow you to execute trades at the speed of a mouse click.

Stop Orders

Stop orders are orders that trigger when a certain market price is reached.

• Use stop buy or stop sell orders to automatically attempt to close out a position when a certain market price is reached.
• Automatically attempt to enter a new position when a certain market price is reached (stop entry order).
• Flexibility to place a regular stop order at any distance from the market.
• Place trailing stop orders.
Stop orders may be subject to slippage particularly at times of extreme market volatility. As an alternative, Guaranteed Stop Loss Orders (GSLs) are available on select markets for an extra charge.

Conditional Orders

With the FastIQ platform you can place a full range of conditional orders to manage your positions:

• If-Done Order

  An If-Done order is a secondary order that becomes active, only when a primary parent order is executed. You can use an If-Done order to automatically activate a stop loss order if your entry order is executed.

• OCO Pair

  An OCO or One Cancels the Other pair is an order set up where if one order is executed, the other order is cancelled. A common strategy involves setting up a linked profit limit and stop loss order over an existing position as an OCO. Once either of these orders is executed, exiting your position, the other order will be cancelled.

• If-Done OCO

  An If-Done OCO is a combination of an If-Done order and an OCO order. An OCO pair becomes active only if a parent order is executed. You can use this combination to set an entry order. If you entry order is executed, a profit limit and stop loss OCO pair automatically becomes active.