Forex Order Types
Understand how to make money and manage your risk exposure through Market Orders, Take-Profit Orders and Stop Loss orders.
Share to win a $1,000 Amazon voucher. Find out more ▷
What is a Forex market order?
With a market order, you instruct a broker to execute a trade as soon as possible at the prevailing market price.
What is a limit order?
With a limit order, you set the maximum purchase price or the minimum sale price at which a trade is to be executed.
What is a stop order?
You can think of a stop order as the reverse of a limit order. A stop order allows selling below the current market price or buying above the current market price if the stop price is reached or breached.
What is a trailing stop order?
A trailing stop order is a variation on a stop order: the stop price moves according to parameters you set instead of staying fixed.
Best Execution
Gold Account [Islamic]
Trade up to 71 currency pairs as well as CFDs on metals, commodities and indices through MT4. STP ... More
- $20 deposit
- 1:300 leverage ?
- 1.1 pips EUR/USD
Best Conditions
Islamic Account [BVI]
Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not ... More
- $100 deposit
- 1:400 leverage ?
- 1.9 pips EUR/USD
Best Platform
Islamic Account
Trade Forex as well as CFDs on cryptocurrencies, shares, indices and metals on floating spreads ... More
- $100 deposit
- 1:500 leverage ?
- 1.2 pips EUR/USD
Pro Account
Islamic Account [EU]
Trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with no ... More
- $1000 deposit
- 1:30 leverage ?
- 3 pips EUR/USD
