What is a Market Order?
A market order is an order to buy or sell a stock at the market’s current best available price. Market orders are often prioritised over other order types, which generally means it is executed immediately during trading hours.
A market order usually ensures execution but does not guarantee a specified price. Therefore, it is often used by investors who want to fill their orders quickly.
An Out-of-Hours Order is a market order that is submitted outside of the trading hours, which will be queued for execution as soon as the market opens. Note share based buy orders are not available while the market is closed.
To place a market order:
- Select the stock you want to buy or sell,
- Enter your order details (you'll be able to preview any fee).