There are two types of working order, where you define the price at which you’d like the trade to be executed – Stop and Limit orders.

When you place a working order and the market price matches your desired price, your order will be sent for execution in the market.

While orders are awaiting a price match, you can view, edit, or cancel them in the Orders tab at the bottom of the screen.

To access your Working Orders, click on Orders in the bottom navigation on the app experience, or left navigation pane on web.

When your order is executed and filled, it will convert to an open position, and will be visible in the Positions tab. The order will also be removed from your Working Orders.

You margin will not be affected when placing a Working Order. Only upon execution of your order would your margin be impacted.

The price you enter determines if your order is a Stop or Limit order, based on the existing Buy or Sell price, and is automatically detected by the platform.

Select Product

Find the product you want to create an order for and select it to activate the Order Ticket panel.

The Order Ticket defaults to Trade, meaning a market order. To switch to a working order, select Order at the top of the trade ticket in the web experience, or in the app, select the drop-down at the top to tab between these two options.

Text in grey beneath the price field offers guidance on appropriate Limit and Stop order levels.

Enter order information

The Order tab allows you to enter a Limit or Stop order for the selected product:

• Select your side of the trade, Buy or Sell.
• Enter the order price in the ‘Buy when the price is’ box.
  • The order price cannot be the same as the current market price. Usually, a minimum distance of 5 points must be respected, and the platform will show guidance underneath the price field.
• The order price determines whether the order is a Stop or Limit.
  • If you enter a price above the current market price, this will place a Limit order.
  • If the price is lower than the current market price, this will place a Stop order.
• Enter the trade size.
• Account Impact provides an estimate of the impact of the working order if it was executed immediately, with the chosen values, expressed in the account currency.

The Depth of Book allows you to view market activity information in real time and see how those bids and asks can affect the price.

Working Order mandatory fields: Buy or Sell direction, Order Price, Order Size

The Order / Working Order tab of the Order Ticket contains an Advanced drop-down, with customisation options for more advanced traders.

More information on these options can be found in the Advanced Order Entry Options section.

Order Expiry

If you do not specify the Order Expiry, your order will be placed with expiry Until Cancel. This means your order will stay working on the order book until you cancel the order yourself or the order is sent for execution.

You can opt to set the Order Expiry by Fill or Kill, where an order to buy or sell must be executed in its entirety, otherwise the order will be cancelled.

You can specify the date and time for the expiry of the order. This means that the order will automatically expire and get cancelled if the date/time selected has been reached before a price match.

More information on execution behaviour and Net Off or Force Open functions is available in the Execution Behaviour section.

Confirming and Placing Order

When you have entered the order parameters, click on ‘Place Limit/Stop Order’ to proceed to the confirmation screen.

• If the working order is successfully placed, you will see a confirmation showing an overview of the order details on the next screen.
• The order can now be seen in the Working Orders tab.

Click on Place Limit/Stop Order to proceed. The next screen will be the Working Order confirmation screen.