Special Orders to Benefit Your Trading Strategy
Together with the regular Market and Limit orders, eToroX also offers a range of advanced order types to best serve our clientele, and augment their trading capabilities.
Users can create their ideal trading execution strategy with such varied and convenient TIF orders as FOK, IOC,GTC and GTD, as well as special Iceberg orders.
Market orders are executed at the best available price in the current market.
Limit orders are executed at a specific price or better.
FOK orders are either immediately executed at a specified price, or completely cancelled. If sufficient liquidity is available, the order will be filled all at once. If not, the order will be immediately cancelled.
IOC orders are similar to FOK orders but they accept partial fills. If there is insufficient liquidity, only the portion of the IOC order that cannot be immediately filled will be cancelled.
GTC orders stay active until the trade is either executed, or manually canceled.
GTD orders allow traders to specify a date when the order will expire. The order will then remain active until it is either filled or the preselected date passes.
Iceberg orders automatically break large orders down into smaller chunks to conceal the real size. These small chunks are then drip fed to the orderbook one at a time. When one order fills, the next is sent to the market.