You can trade cryptocurrencies only using Market or Limit orders. Market orders can be submitted in cash value only (e.g. $10,000 worth of BTC). Limit orders can be submitted in either trade value or quantity terms, but the entered trade value will be converted to quantity and transmitted to OSL in quantity terms. A Limit order is an order to buy or sell at a specified price or better. The Limit order ensures that if the order fills, it will not fill at a price less favorable than the limit price, but it does not guarantee a fill.
What order types can I use for cryptocurrency orders?
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Why am I unable to convert currency with the currency conversion tool?
The currency conversion tool considers market orders when placing the order. Please note, when placing a Market order the order value cannot be known with certainty prior to execution as the market can move in any direction, at any moment. Because of this, an extra 5% is added to the order quantity at the credit check step for Market type orders to account for market movements. This 5% buffer is what is causing the difference in the trade value and the cash available in the account. Should you choose to convert currency using an Order Ticket, Limit orders do not require the 5% buffer…
Why is my FX Closing trade getting rejected due to low balance?
A Cash account must have enough cash to cover the cost of a position plus commissions and can never hold a negative cash balance. When placing a Market order (or Stop order), the order value cannot be known with certainty prior to execution as the market can move in any direction at any moment. Because of this, an extra 5% is added to the order amount at the credit check step for Market type orders to account for market movements. If you receive an order rejection for not enough Settled Cash when you do in fact have the Settled Cash to execute your order at your desired price and quantity, try using a Limit order (or Stop Limit order for a Stop) or reduce the MKT order size…
How do I create a Limit order in TWS?
A Limit order is an order to buy or sell an instrument at a specified price or better. A Limit order ensures that if the order fills it will not fill at a price less favorable than your limit price, but it does not guarantee a fill.
To send a Limit order from the Mosaic Order Entry panel:…
What is the difference between a Limit order and an IBAlgo Adaptive Limit order?
A Limit order is an order to buy or sell at a specified price or better. Adaptive limit orders are designed to fill between the bid and ask prices in an effort to achieve a fast fill at the best all-in price. On average, using the Adaptive algo leads to better fill prices than using regular market or limit orders. This algo order type is most useful to an investor when the spread is wide, but can also be helpful when the spread is only one tick…