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