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.
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).