What types of orders can I create on Revolut X?
When you use the order form on Revolut X, you can choose from several order types depending on how you want your trade to execute.
Market or limit order
A market order buys or sells immediately at the best available price. Use this when you want your order filled right away. Keep in mind that market orders can't be cancelled once they're created.
A limit order lets you set a specific price at which you want to buy or sell. The order will only execute when the market reaches your target price. If the price isn't met, the order stays pending until it expires or you cancel it.
Take profit/stop loss (TP/SL) and conditional orders
A TP/SL order lets you set a target price to lock in profit (take profit) or limit your losses (stop loss). The order triggers automatically when the market reaches the price you set.
A conditional order only activates once a price condition you've set is met. Until then, the order remains inactive and won't appear in the order book.
TWAP (Time-Weighted Average Price) order
A TWAP order splits a larger trade into smaller portions executed evenly over a set period. This helps reduce the impact of a single large order on the market price.
To learn more, select 'Learn about orders' in the order form.