What order types are supported on the trading platform?

A market order buys or sells immediately at the best available market price. It prioritises speed over price control and is ideal when certainty of execution outweighs the need for a specific rate. Because prices can move between the time you place the order and when it fills, the final fill may differ slightly from the last quoted price.

• Use case: Entering or exiting a position quickly in a fast-moving market.
• Risk: Slippage – especially in volatile or low-liquidity instruments.

A limit order sets a maximum purchase price (or minimum sale price) and only fills when the market reaches that level or better. It guarantees price, but not execution. If the market never touches your limit, the order remains open.

• Key advantage: No slippage – you only trade on your terms.
• Common scenario: Buying a stock on a dip at exactly $50, or selling at a target profit.

A stop order (also called a stop-loss order) becomes a market order once a specified trigger price is hit. It’s designed to limit losses or protect gains. When the market price reaches your stop price, the order automatically submits as a market order and fills at the next available price.

• Stop-loss: Sell order placed below the current price to cap downside.
• Stop-buy: Buy order placed above the current price, often used to enter breakouts.

The fill price after triggering may differ from the stop price, especially in gapped markets. Trailing-stop variants are available to adjust the trigger dynamically as prices move in your favour.

Conditional orders let you attach one or more criteria to an order, such as time-in-force, price triggers, or sequences. For example, you can place a one-cancels-other (OCO) order that pairs a stop-loss with a limit take-profit target. When one leg executes, the other is automatically cancelled.

Conditional logic helps you automate multi-leg strategies without constantly monitoring the screen. The platform supports bracket orders, OCO brackets, and contingent orders linked to other assets.

Chatref’s AI agent, grounded in this knowledge base, can walk you through every order type and help you place the right order. Simply describe what you’re trying to achieve – “I want to buy XYZ if it drops to $30” – and the agent will suggest the matching order type, explain the settings, and even guide you step by step through the trading interface.

Because the AI draws solely from our knowledge base, every recommendation is consistent, accurate, and based on your platform’s actual functionality. No guessing, no external web searches.

How do I place a market order?
In the order entry panel, select “Market” as the order type, enter the quantity, and submit. The order fills immediately at the best available price.

What are the differences between limit and stop orders?
A limit order guarantees a specific price (or better) but may not fill if the market doesn’t reach it. A stop order guarantees execution once a trigger price is hit, but the fill price can be worse if the market gaps.

Can I set conditional orders?
Yes. Use the advanced order ticket to attach conditions like OCO brackets, time-in-force rules, or trailing stop offsets. The AI agent can assist from any chat window – just describe your goal and it will build the appropriate conditional logic.