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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 they're executed immediately during Regular trading hours.

It 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 Regular trading hours, which will be queued for execution as soon as the market opens.

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).