What is a pending order?

A pending order (or limit order) is an order placed in the system aimed to execute into a position once your selected target rate, or better, is reached.

An order will be executed if the current market rate of an instrument reaches the selected target rate and it can be executed within a range of this rate, depending on market movements and volatility. These type of orders will stay opened until they get executed or you decide to close them.

Opening an order is done via the same window as opening a trade. The main difference is when you open an order at the time the market is closed, you may choose to either open the order at the Market rate, or at a rate of your choosing. 

The default option is to open the Order at market rate. If you wish to select the rate at which the Order will execute, click on "Rate":

You may then select the rate of your choosing: 

Once you click on "Set Order", the order will be noted and the allocated amount will be deducted from the account balance, since it is no longer available for trading.

In order to view all Pending Orders, click on the blue arrows at the top of the Portfolio:

You will now view the Orders section and be able to check the details of the Order, as well as cancel it. If you choose to cancel the Order, click on the red X at the right side of the Order. Once cancelled, the allocated funds will return to the account balance and be available for trading. 

Order Details

Action – The direction (buy or sell) of the instrument you selected.
 
Amount – The amount in US Dollars you are prepared to invest for this single order.
 
Units – The number of actual units (amount X leverage).
 
Rate – Displays the requested target rate for this order.
 
Stop Loss – Shows you the rate at which you have set your stop loss order.
 
Take Profit - Shows you the rate at which you have set your take profit order.
 
Date and Time – Indicates the date and time when your order was submitted.
 
Close – Enables you to remove a pending order.
 
Important notes:
  1. Orders will not be executed if there are insufficient funds in your account to accommodate the requested trade.
  2. Orders that did not execute prior to market breaks will stay in pending mode and can be executed once the markets resume full activity.
  3. All orders are good until canceled; meaning orders will remain pending until either the pending rate is filled or canceled manually.
  4. Under extreme volatile market conditions, orders can be executed close to your target rate within a range that is set in the system (please see the table below).
  • If the order rate is higher than the current market rate, the range will be upwards.
  • If the order rate is under the current market rate, the range will be downwards.
 

Instrument Display

Symbol

Market Range

EUR/USD

EURUSD

20

GBP/USD

GBPUSD

20

NZD/USD

NZDUSD

20

USD/CAD

USDCAD

20

USD/JPY

USDJPY

20

USD/CHF

USDCHF

20

AUD/USD

AUDUSD

20

EUR/GBP

EURGBP

20

EUR/CHF

EURCHF

20

EUR/JPY

EURJPY

20

GBP/JPY

GBPJPY

20

EUR/AUD

EURAUD

20

EUR/CAD

EURCAD

20

AUD/JPY

AUDJPY

20

CAD/JPY

CADJPY

20

CHF/JPY

CHFJPY

20

Oil

OIL

100

Gold

GOLD

300

Silver

SILVER

20

Copper

COPPER

100

Natural Gas

NATGAS

100

US Dollar Index

USDOLLAR

100

China A50 Index

China50

100

SPX500

SPX500

500

NSDQ100

NSDQ100

1000

DJ30

DJ30

4000

UK100

UK100

1000

FRA40

FRA40

1000

GER30

GER30

750

AUS200

AUS200

1000

ESP35

ESP35

2000

JPN225

JPN225

4000

USD/HKD

USDHKD

20

Platinum

PLATINUM

300

Palladium

PALLADIUM

300

USD/ZAR

USDZAR

20

EUSTX50

EUSTX50

700

USD/RUB

USDRUB

20

USD/CNH

USDCNH

20

AUD/CHF

AUDCHF

20

AUD/CAD

AUDCAD

20

AUD/NZD

AUDNZD

20

EUR/NZD

EURNZD

20

GBP/AUD

GBPAUD

20

GBP/CHF

GBPCHF

20

GBP/NZD

GBPNZD

20

NZD/CAD

NZDCAD

20

NZD/CHF

NZDCHF

20

NZD/JPY

NZDJPY

20

CAD/CHF

CADCHF

20

USD/NOK

USDNOK

20

USD/SEK

USDSEK

20

NOK/SEK

NOKSEK

20

EUR/NOK

EURNOK

20

EUR/SEK

EURSEK

20

USD/TRY

USDTRY

20

USD/MXN

USDMXN

20

USD/SGD

USDSGD

20

GBP/CAD

GBPCAD

20

ZAR/JPY

ZARJPY

20

EUR/PLN

EURPLN

20

USD/HUF

USDHUF

20

EUR/HUF

EURHUF

20

GBP/HUF

GBPHUF

20

CHF/HUF

CHFHUF

20

USD/PLN

USDPLN

20

Ethereum

ETHEREUM

40000

Ripple

XRP

20

Dash

DASH

20

Litecoin

LTC

20

Ethereum Classic

ETC

2000

BitcoinBTC2000
Bitcoin CashBCH1000
StocksVarious instruments100