Market Order
Market orders are executed at the best available price at the time the order is received.
Limit Orders
Limit orders are executed at the order rate or better. Sell limit orders are filled when the bid
reaches the requested rate; limit orders to buy are filled on the offer.
Stop Orders
A stop order is an order to buy or sell once a pre-defined price is reached. When the price is
reached, the stop order becomes a market order and is executed at the best available price.
Stop entry order- this is an order placed to buy above the current price, or to sell below the
current price. These orders are useful if you believe the market is heading in one direction and
you have a target entry price.
Stop loss order - this is an order placed to sell below the current price (to close a long position),
or to buy above the current price (to close a short position). Stop loss orders are an important
risk management tool. By setting stop loss orders against open positions you can limit your
potential downside if the market moves against you.
Remember that stop orders do not guarantee your execution price – a stop order is triggered
once the stop level is reached and will be executed at the next available price.
You can request time and sales reports for a specific period from our customer service team.
All the above orders can be entered as day orders, entered today and are good until end of New
York business day (5pm New York time). Alternatively, customers can enter a good ’til
cancelled order (GTC), which is valid until the order is executed or cancelled.
Orders remain open until they are triggered or cancelled. If a position is closed manually, any
order(s) relating to that position must also be cancelled.
Placing contingent orders may not necessarily limit your losses.
Minimum Placement Distance
Limits and stops must be set at least 1 pip away from the prevailing market price.
Order Expiry
End of Day (EOD) orders automatically expire at 5pm New York time on the same day the
order was entered. Good ‘til cancelled (GTC) orders are valid until the order is executed or
cancelled. Alternatively, you can specify the exact expiration time of your order.
Orders Left Over the Weekend or Holidays
Wealthonic AI’s trading hours run from Sunday at 5pm New York time to Friday at 5pm New
York time. Orders (for example, stops, limits, and contingent orders) left pending over a
weekend or holiday period will not be executed until Wealthonic AI resumes regular trading
hours.