What is the market range for a pending order?

When setting a pending order, it is important to bear in mind that your requested order rate may not be traded during volatile periods in the market. In such cases, your order may execute into a position within a range of the target rate. This market range not only ensures that the order is executed at a suitable rate, but also acts as a safety measure so that a trade does not open in cases where the price has moved sharply away from the target rate.

An order will trigger only once your requested rate is reached in the market. The market range starts at the target rate you had set and goes in the direction the market is moving from the market rate at the time of the order, as follows:

  • If the target rate is higher than the market rate at the time of the order, the range will be upwards.
  • If the target rate is lower than the market rate at the time of the order, the range will be downwards.

 

The market range for each instrument can be found below:

Instrument Type Symbol Market Range (pips)
Stocks   100
ETFs   100
Currencies   20
Commodities    
  OIL 100
  GOLD 300
  SILVER 20
  COPPER 100
  NATGAS 100
  PLATINUM 300
Indices    
  USDOLLAR 100
  China50 100
  SPX500 500
  NSDQ100 1000
  DJ30 4000
  UK100 1000
  FRA40 1000
  GER30 750
  AUS200 1000
  ESP35 2000
  JPN225 4000
  HKG50 1000
  EUSTX50 700
Cryptos    
  BTC 2000
  ETHEREUM 40000
  BCH 1000
  XRP 100
  DASH 500
  LTC 250
  ETC 6000
  ADA 10
  MIOTA 3
  XLM 10
  EOS 15
  NEO 137
  ZEC 502
  BNB 100
  BTCEUR 3000
  ETHEUR 12500
  ETHGBP 100
  BTCGBP 2700
  EOSGBP 5
  XRPGBP 10
  ETHJPY 100
  BTCJPY 100
  EOSJPY 300
  XRPJPY 20
  ETHEOS 20
  ETHXLM 600
  ETHBTC 10
  BTCEOS 600
  BTCXLM 15000
  EOSXLM 10