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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 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).