marketindex is different

Customisable orders

marketindex provides different order types so you can trade with confidence even when you are unable to monitor your account. You can combine different order types to create something that suits your specific needs.

There are no charges or fees for using our orders, stops and take profits. They are there to help you minimise your trading risk and lock in profits.

Stop loss order: the trade will be closed automatically if the market moves against you by the amount you specify when you make the order, limiting your losses.

Trailing stop loss order: similar to a ‘Stop loss order’ but the trigger level for a ‘Trailing stop loss’ rises with the underlying asset price. So instead of allowing the asset price to plummet before the Stop loss order is activated, the position will be closed to lock in any profit at a set level below the asset price.

Take profit order: closes the trade automatically if the market moves in your favour by the amount you specify.

Limit order: This is an order that will execute a buy (sell) trade at a set price which is below (above) the current market price.

Market-if-Touched order: This is an order that will execute a buy (sell) trade at a set price which is above (below) the current market price.

Price Bounds: Customer may also specify Price Bounds for any type of Margin Trading Order. Price Bounds are a range of upper and lower price limits within which an Order is to be executed.

marketindex will execute your order at or as close to the specified price as possible.

In a rapidly changing market, the marketindex price quoted to you at the time of the order (or in the case of a Limit Order, Market-if-Touched Order, Stop Loss Price or Take Profit, the trigger price) may not be the same as the marketindex price at which the order is actually executed or triggered.

This risk can be mitigated for orders (but not for Stop Loss Prices or Take Profits) by the use of price bounds.