1. Market price list
Market order (Market Order) refers to the order that does not require the customer to set the price himself, and will be traded at the latest market price after placing the order; market order can make the order quickly closed, but does not guarantee the transaction price. When the market changes rapidly, or For stocks that are not actively traded, market orders may be closed at higher or lower prices. Please carefully assess the relevant risks before placing an order.
Notes and Precautions:
Market orders can usually only be placed intraday.
After the market order is placed, the system will freeze the purchasing power slightly exceeding the current purchase cost before the order reaches the final state, so as to promote the smooth execution of the order and maintain the stability of the risk control value of the account; after the order is filled or cancelled, the frozen purchasing power will be automatically released.
Since market orders and orders that rely on market orders (such as stop loss orders) cannot guarantee a transaction price, market orders will be automatically converted into limit orders for market systems that do not support market orders (20% price limit protection for open market orders) to help buffer any sharp price movements.
2. Limit order
Limit order (Limit Order) refers to the order that requires the customer to specify the transaction price by himself, and will only be executed when the stock price reaches the specified price or has a better price; the limit order will only be at a limit price or a price better than the limit price. The transaction price range can be effectively locked; however, using a limit order may miss the market. If the stock price does not reach or fall to the limit price, the order will not be executed.