What is the difference between Market and Instant execution?
A ‘Market order’ is an immediate order to ‘buy’ or ‘sell’ at the current price in the market.
The current price is calculated according to the volume and prices available at that moment (VWAP=Volume Weighted Average Price.)
This means that market orders can receive fills that are better, worse, or at the price requested. This type of execution also applies to all stop orders (stop loss, buy stop, sell stop, stop out).
Although most platforms use ‘market execution’ as default for the opening of orders, we do also have an MT4 Instant Execution account option, as well as an MT4 Fixed spread account with instant execution. An ‘Instant Order’ is an order to ‘buy’ or ‘sell’ at the requested price, and if this is not available, a requote will occur (offer of a new price, which can be accepted or declined).
We offer FxPro, MT4, MT5 and cTrader accounts with Market execution, and MT4 and MT4 Fixed Spread accounts with Instant execution. Please note that for pending orders the execution is the same regardless of account type (i.e. all stop orders are executed with 'market execution' and all limit orders are executed with 'limit execution').
You can find more information about order execution for each platform on our website:
https://www.fxpro.com/mt4-order-execution
https://www.fxpro.com/mt5-order-execution
https://www.fxpro.com/ctrader-order-execution
https://www.fxpro.com/fxpro-platform-order-execution
Although most platforms use ‘market execution’ as default for the opening of orders, we do also have an MT4 Instant Execution account option, as well as an MT4 Fixed spread account with instant execution. An ‘Instant Order’ is an order to ‘buy’ or ‘sell’ at the requested price, and if this is not available, a requote will occur (offer of a new price, which can be accepted or declined).
We offer FxPro, MT4, MT5 and cTrader accounts with Market execution, and MT4 and MT4 Fixed Spread accounts with Instant execution. Please note that for pending orders the execution is the same regardless of account type (i.e. all stop orders are executed with 'market execution' and all limit orders are executed with 'limit execution').
You can find more information about order execution for each platform on our website:
https://www.fxpro.com/mt4-order-execution
https://www.fxpro.com/mt5-order-execution
https://www.fxpro.com/ctrader-order-execution
https://www.fxpro.com/fxpro-platform-order-execution