{"id":19848,"date":"2022-05-17T17:06:03","date_gmt":"2022-05-17T17:06:03","guid":{"rendered":"https:\/\/test.cibfx.com\/order-type\/"},"modified":"2022-08-04T14:10:43","modified_gmt":"2022-08-04T14:10:43","slug":"order-types","status":"publish","type":"page","link":"https:\/\/cibfx.com\/en\/order-types\/","title":{"rendered":"Order types"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"19848\" class=\"elementor elementor-19848 elementor-862\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fae5959 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fae5959\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-047c46d\" data-id=\"047c46d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fad0e2a elementor-widget elementor-widget-heading\" data-id=\"fad0e2a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Order types<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1fc5d96 elementor-widget elementor-widget-text-editor\" data-id=\"1fc5d96\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><strong>Aqu\u00ed encontrar\u00e1 toda la informaci\u00f3n sobre ejecuci\u00f3n y apalancamiento que necesita en relaci\u00f3n con nuestra plataforma de negociaci\u00f3n. A trav\u00e9s de CIB MetaTrader 4 los operadores pueden enviar instrucciones para \u00f3rdenes instant\u00e1neas u \u00f3rdenes pendientes.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ee6953e elementor-widget elementor-widget-spacer\" data-id=\"ee6953e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-82fa195 elementor-widget elementor-widget-spacer\" data-id=\"82fa195\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-54da7e3 elementor-widget elementor-widget-heading\" data-id=\"54da7e3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Instant orders<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c6b2aa elementor-widget elementor-widget-accordion\" data-id=\"8c6b2aa\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1471\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1471\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Orden instantanea<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1471\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1471\"><div class=\"elementor-element elementor-element-8c6b2aa elementor-widget elementor-widget-accordion\" data-id=\"8c6b2aa\" data-element_type=\"widget\" data-widget_type=\"accordion.default\"><div class=\"elementor-widget-container\"><div class=\"elementor-accordion\" role=\"tablist\"><div class=\"elementor-accordion-item\"><div id=\"elementor-tab-content-1471\" class=\"elementor-tab-content elementor-clearfix elementor-active\" role=\"tabpanel\" data-tab=\"1\" aria-labelledby=\"elementor-tab-title-1471\"><p>This is an order to either buy or sell at the \u2018ask\u2019 or \u2018bid\u2019 price (respectively) as it appears in the quotes flow at the time the client presents the order for execution.<\/p><\/div><\/div><\/div><\/div><\/div><div class=\"elementor-element elementor-element-f9f6494 elementor-widget elementor-widget-spacer\" data-id=\"f9f6494\" data-element_type=\"widget\" data-widget_type=\"spacer.default\"><div class=\"elementor-widget-container\"><div class=\"elementor-spacer\">\u00a0<\/div><\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f9f6494 elementor-widget elementor-widget-spacer\" data-id=\"f9f6494\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-881e811 elementor-widget elementor-widget-heading\" data-id=\"881e811\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Pending Order(s)\n<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2457956 elementor-widget elementor-widget-accordion\" data-id=\"2457956\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-3811\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-3811\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Stops orders<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-3811\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-3811\"><div class=\"elementor-accordion-item\"><div id=\"elementor-tab-content-3811\" class=\"elementor-tab-content elementor-clearfix elementor-active\" role=\"tabpanel\" data-tab=\"1\" aria-labelledby=\"elementor-tab-title-3811\"><p>This is an order to buy or sell once the market reaches the \u2018stop price\u2019. Once the market reaches the \u2018stop price\u2019 the \u2018stop order\u2019 is triggered and treated as a \u2018market order\u2019*. If the \u2018stop order\u2019 is not triggered it shall remain in the system until a later date subject to the conditions described in the \u2018Good till Cancel\u2019 section. In terms of Contracts for Difference (\u2018CFDs\u2019) on FX, spot metals and futures \u2018stop orders\u2019 should be placed a minimum number of pips away from the current market price.<\/p><\/div><\/div><div class=\"elementor-accordion-item\"><div id=\"elementor-tab-title-3812\" class=\"elementor-tab-title\" role=\"tab\" data-tab=\"2\" aria-controls=\"elementor-tab-content-3812\" aria-expanded=\"false\">\u00a0<\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-3812\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-3812\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Stop Loss<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-3812\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-3812\"><div class=\"elementor-accordion-item\"><div id=\"elementor-tab-content-3812\" class=\"elementor-tab-content elementor-clearfix elementor-active\" role=\"tabpanel\" data-tab=\"2\" aria-labelledby=\"elementor-tab-title-3812\"><p>This is an order to minimise losses. Once the market reaches the \u2018stop loss price\u2019 the order is triggered and treated as a \u2018market order\u2019*. If the \u2018stop loss\u2019 is not triggered it shall remain in the system until a later date. In terms of CFDs on FX, spot metals and futures \u2018stop loss\u2019 should be placed a minimum number of pips away from the current market price.<\/p><\/div><\/div><div class=\"elementor-accordion-item\"><div id=\"elementor-tab-title-3813\" class=\"elementor-tab-title\" role=\"tab\" data-tab=\"3\" aria-controls=\"elementor-tab-content-3813\" aria-expanded=\"false\">\u00a0<\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-3813\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-3813\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Limit order<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-3813\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-3813\"><div class=\"elementor-accordion-item\"><div id=\"elementor-tab-content-3813\" class=\"elementor-tab-content elementor-clearfix elementor-active\" role=\"tabpanel\" data-tab=\"3\" aria-labelledby=\"elementor-tab-title-3813\"><p>This is an order to buy or sell once the market reaches the \u2018limit price\u2019. Once the market reaches the \u2018limit price\u2019 the \u2018limit order\u2019 is triggered and executed at the \u2018limit price\u2019 or better. If the \u2018limit order\u2019 is not triggered it shall remain in the system until a later date subject to the conditions described in the \u2018Good till Cancel\u2019 section. In terms of CFDs on FX, spot metals and futures \u2018limit orders\u2019 should be placed a minimum number of pips away from the current market price.<\/p><\/div><\/div><div class=\"elementor-accordion-item\"><div id=\"elementor-tab-title-3814\" class=\"elementor-tab-title\" role=\"tab\" data-tab=\"4\" aria-controls=\"elementor-tab-content-3814\" aria-expanded=\"false\">\u00a0<\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-3814\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-3814\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Take Profit<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-3814\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-3814\"><div class=\"elementor-accordion-item\"><div id=\"elementor-tab-content-3814\" class=\"elementor-tab-content elementor-clearfix elementor-active\" role=\"tabpanel\" data-tab=\"4\" aria-labelledby=\"elementor-tab-title-3814\"><p>This is an order to secure profits. Once the market reaches the \u2018take profit price\u2019 the order is triggered and treated as a \u2018limit order\u2019. If the \u2018take profit\u2019 is not triggered it shall remain in the system until a later date. In terms of CFDs on FX, spot metals and futures \u2018take profit\u2019 should be placed a minimum number of pips away from the current market price.<\/p><\/div><\/div><div class=\"elementor-accordion-item\"><div id=\"elementor-tab-title-3815\" class=\"elementor-tab-title\" role=\"tab\" data-tab=\"5\" aria-controls=\"elementor-tab-content-3815\" aria-expanded=\"false\">\u00a0<\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-3815\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-3815\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Market order<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-3815\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-3815\"><div class=\"elementor-accordion-item\"><div id=\"elementor-tab-content-3815\" class=\"elementor-tab-content elementor-clearfix elementor-active\" role=\"tabpanel\" data-tab=\"5\" aria-labelledby=\"elementor-tab-title-3815\"><p>This is an order to buy or sell at the current market price that is available. The system automatically aggregates the volume received from third party liquidity providers and executes the \u2018market order\u2019 at VWAP (\u2018Volume-Weighted Average Price\u2019) that is the average and best available price at the time of the execution. Once the \u2018market order\u2019 is triggered it shall be subject to the conditions described in the \u2018Good till Cancel\u2019 section.<\/p><\/div><\/div><div class=\"elementor-accordion-item\"><div id=\"elementor-tab-title-3816\" class=\"elementor-tab-title\" role=\"tab\" data-tab=\"6\" aria-controls=\"elementor-tab-content-3816\" aria-expanded=\"false\">\u00a0<\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-3816\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-3816\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Good till Cancel (\u2018GTC\u2019) (= Expiry)<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-3816\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-3816\"><div class=\"elementor-accordion-item\"><div id=\"elementor-tab-content-3816\" class=\"elementor-tab-content elementor-clearfix elementor-active\" role=\"tabpanel\" data-tab=\"6\" aria-labelledby=\"elementor-tab-title-3816\"><p>This is a time setting that the client may apply to \u2018pending orders\u2019. The client may choose a specific date in the future until which the order may remain \u2018live\u2019 and pending execution; if the order is not triggered during this time frame it shall be deleted from the system.<\/p><\/div><\/div><div class=\"elementor-accordion-item\"><div id=\"elementor-tab-title-3817\" class=\"elementor-tab-title\" role=\"tab\" data-tab=\"7\" aria-controls=\"elementor-tab-content-3817\" aria-expanded=\"false\">\u00a0<\/div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-3817\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"button\" aria-controls=\"elementor-tab-content-3817\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Pending Order Modification \/ Cancellation<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-3817\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"region\" aria-labelledby=\"elementor-tab-title-3817\"><p>The client may modify\/ cancel a \u2018pending order\u2019 if the market did not reach the level of the price specified by the client.<\/p><table class=\"aligncenter\" width=\"678\"><tbody><tr><td width=\"189\"><p><strong>Order type<\/strong><\/p><\/td><td width=\"161\"><strong>Instant order<\/strong><\/td><td width=\"170\"><p><strong>Pending Order(s)<\/strong><\/p><\/td><td width=\"161\"><p><strong>Pending Limit order(s)<\/strong><\/p><\/td><\/tr><tr><td width=\"189\">\u00a0<\/td><td width=\"161\"><p><strong>INSTANT<\/strong><\/p><p>\u00a0<\/p><\/td><td width=\"170\"><p><strong>STOP ORDERS (BUY STOP, SELL STOP, STOP LOSS)<\/strong><\/p><p>\u00a0<\/p><\/td><td width=\"161\"><p><strong>LIMIT ORDERS (BUY LIMIT, SELL LIMIT, TAKE PROFIT)<\/strong><\/p><p>\u00a0<\/p><\/td><\/tr><tr><td width=\"189\"><p>Execution<\/p><\/td><td width=\"161\"><p>Instant Order<\/p><\/td><td width=\"170\"><p>Market Order<\/p><\/td><td width=\"161\"><p>Limit Order<\/p><\/td><\/tr><tr><td width=\"189\"><p>Re-quoting<\/p><\/td><td width=\"161\"><p><strong>YES<\/strong><\/p><\/td><td width=\"170\"><p>N\/A<\/p><\/td><td width=\"161\"><p>N\/A<\/p><\/td><\/tr><tr><td width=\"189\"><p>Deslizamiento<\/p><\/td><td width=\"161\"><p>N\/A<\/p><\/td><td width=\"170\"><p><strong>YES<\/strong><\/p><\/td><td width=\"161\"><p><strong>YES<\/strong>, positive.<\/p><\/td><\/tr><tr><td width=\"189\"><p>Partial fills<\/p><\/td><td width=\"161\"><p><strong>NO<\/strong><\/p><\/td><td width=\"170\"><p><strong>NO<\/strong><\/p><\/td><td width=\"161\"><p><strong>NO<\/strong><\/p><\/td><\/tr><tr><td width=\"189\"><p>Level restrictions on \u2018stop &amp; limit\u2019 orders<\/p><\/td><td width=\"161\"><p>1 or 2 pips for majors<\/p><\/td><td width=\"170\"><p>1 or 2 pips for majors<\/p><\/td><td width=\"161\"><p>1 or 2 pips for majors<\/p><\/td><\/tr><tr><td width=\"189\"><p>Commissions<\/p><\/td><td width=\"161\"><p><strong>NO<\/strong><\/p><\/td><td width=\"170\"><p><strong>NO<\/strong><\/p><\/td><td width=\"161\"><p><strong>NO<\/strong><\/p><\/td><\/tr><tr><td width=\"189\"><p>Mark-up<\/p><\/td><td width=\"161\"><p><strong>YES<\/strong><\/p><\/td><td width=\"170\"><p><strong>YES<\/strong><\/p><\/td><td width=\"161\"><p><strong>YES<\/strong><\/p><\/td><\/tr><tr><td width=\"189\"><p>Buy stop\/sell stop limit orders<\/p><\/td><td width=\"161\"><p>N\/A<\/p><\/td><td width=\"170\"><p>N\/A<\/p><\/td><td width=\"161\"><p><strong>NO<\/strong><\/p><\/td><\/tr><\/tbody><\/table><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-27731ad elementor-widget elementor-widget-spacer\" data-id=\"27731ad\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0bb0b3 elementor-widget elementor-widget-eael-adv-accordion\" data-id=\"c0bb0b3\" data-element_type=\"widget\" data-widget_type=\"eael-adv-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t        <div class=\"eael-adv-accordion\" id=\"eael-adv-accordion-c0bb0b3\" data-scroll-on-click=\"no\" data-scroll-speed=\"300\" data-accordion-id=\"c0bb0b3\" data-accordion-type=\"toggle\" data-toogle-speed=\"300\">\n    <div class=\"eael-accordion-list\">\n                <div id=\"re-quoting\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"1\" aria-controls=\"elementor-tab-content-2021\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-genderless\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Re-quoting<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2021\" class=\"eael-accordion-content clearfix\" data-tab=\"1\" aria-labelledby=\"re-quoting\"><div class=\"eael-accordion-list\"><div id=\"elementor-tab-content-2021\" class=\"eael-accordion-content clearfix\" role=\"tabpanel\" data-tab=\"1\" aria-labelledby=\"re-quoting\"><p>This is the practice of providing a secondary quote to the client after an \u2018instant order\u2019 has been submitted; the client must agree to this quote before the order is executed. CIB will re-quote \u2018instant orders\u2019 if the requested price originally specified by the client is not available. The secondary quote provided to the client is the next available price received by CIB from its third party liquidity providers. CIB does not re-quote \u2018pending orders\u2019.<\/p><p>\u00a0<\/p><\/div><\/div><div class=\"eael-accordion-list\"><div id=\"slippage\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"2022\" role=\"tab\" data-tab=\"2\" aria-controls=\"elementor-tab-content-2022\">\u00a0<\/div><\/div><\/div>\n                <\/div><div class=\"eael-accordion-list\">\n                <div id=\"slippage\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"2\" aria-controls=\"elementor-tab-content-2022\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-genderless\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Slippage<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2022\" class=\"eael-accordion-content clearfix\" data-tab=\"2\" aria-labelledby=\"slippage\"><div class=\"eael-accordion-list\"><div id=\"elementor-tab-content-2022\" class=\"eael-accordion-content clearfix\" role=\"tabpanel\" data-tab=\"2\" aria-labelledby=\"slippage\"><p>At the time that an order is presented for execution, the specific price requested by the client may not be available; therefore, the order will be executed close to or a number of pips away from the client\u2019s requested price. If the execution price is better than the price requested by the client this is referred to as \u2018positive slippage\u2019. In contrast, if the execution price is worse than the price requested by the client this is referred to as \u2018negative slippage\u2019. Please be advised that \u2018slippage\u2019 is a normal market practice and a regular feature of the foreign exchange markets under conditions* such as illiquidity and volatility due to news announcements, economic events and market openings. CIB&#8217;s automated execution software does not operate based on any individual parameters related to the execution of orders through any specific client accounts.<\/p><p>\u00a0<\/p><\/div><\/div><div class=\"eael-accordion-list\"><div id=\"bid-prices-on-charts\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"2023\" role=\"tab\" data-tab=\"3\" aria-controls=\"elementor-tab-content-2023\">\u00a0<\/div><\/div><\/div>\n                <\/div><div class=\"eael-accordion-list\">\n                <div id=\"bid-prices-on-charts\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"3\" aria-controls=\"elementor-tab-content-2023\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-genderless\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Bid prices on charts<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2023\" class=\"eael-accordion-content clearfix\" data-tab=\"3\" aria-labelledby=\"bid-prices-on-charts\"><div class=\"eael-accordion-list\"><div id=\"elementor-tab-content-2023\" class=\"eael-accordion-content clearfix\" role=\"tabpanel\" data-tab=\"3\" aria-labelledby=\"bid-prices-on-charts\"><p>Charts in the terminal are built and shown only for Bid prices. However, for the opening of long positions and closing of short ones, Ask price is always used. But the ASK price is not shown in the chart in any way and it cannot be seen. More scrutiny and review is available by enabling the &#8220;Show Ask line&#8221; parameter. After this command has been executed, an additional horizontal line corresponding with the current Ask price of the last bar will appear in the chart.<\/p><p>\u00a0<\/p><\/div><\/div><div class=\"eael-accordion-list\"><div id=\"trailing-stops\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"2024\" role=\"tab\" data-tab=\"4\" aria-controls=\"elementor-tab-content-2024\">\u00a0<\/div><\/div><\/div>\n                <\/div><div class=\"eael-accordion-list\">\n                <div id=\"trailing-stops\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"4\" aria-controls=\"elementor-tab-content-2024\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-genderless\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Trailing stops<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2024\" class=\"eael-accordion-content clearfix\" data-tab=\"4\" aria-labelledby=\"trailing-stops\"><p>Stop Loss is intended for the reduction of losses where the symbol price moves in an unprofitable direction. If the position becomes profitable, Stop Loss can be manually shifted to a break-even level. To automate this process, Trailing Stop was created. This tool is especially useful when prices change strongly in the same direction or when it is impossible to watch the market continuously for whatever reason.<\/p><p>Bear in mind that Trailing Stops operate in the client terminal, not in the server (as with Stop Loss or Take Profit). This is why they will not work if the terminal is off, unlike the orders above<\/p><\/div>\n                <\/div><div class=\"eael-accordion-list\">\n                <div id=\"eas-and-hft-high-frequency-trading\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"5\" aria-controls=\"elementor-tab-content-2025\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-genderless\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">EAs and  HFT (high frequency trading):<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2025\" class=\"eael-accordion-content clearfix\" data-tab=\"5\" aria-labelledby=\"eas-and-hft-high-frequency-trading\"><div class=\"eael-accordion-list\"><div id=\"elementor-tab-content-2025\" class=\"eael-accordion-content clearfix\" role=\"tabpanel\" data-tab=\"5\" aria-labelledby=\"eas-and-hft-high-frequency-trading\"><p>Whatever your trading style, you can execute your strategy on any instrument at CIB. MetaTrader 4 is fully compatible with Expert Advisors and automated trading systems as allowed by the prevailing market forex conditions and liquidity.\u00a0Bear in mind that EAs and HFT operate in the client terminal, not in the server (as with Stop Loss or Take Profit).<strong>\u00a0<\/strong>This is why they will not work if the terminal is off, unlike the orders above.<\/p><p>\u00a0<\/p><\/div><\/div><div class=\"eael-accordion-list\"><div id=\"margin-level-required-to-open-lock-or-hedge-positions\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"2026\" role=\"tab\" data-tab=\"6\" aria-controls=\"elementor-tab-content-2026\">\u00a0<\/div><\/div><\/div>\n                <\/div><div class=\"eael-accordion-list\">\n                <div id=\"margin-level-required-to-open-lock-or-hedge-positions\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"6\" aria-controls=\"elementor-tab-content-2026\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-genderless\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Margin level required to open lock or hedge positions<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2026\" class=\"eael-accordion-content clearfix\" data-tab=\"6\" aria-labelledby=\"margin-level-required-to-open-lock-or-hedge-positions\"><p>A lock or hedge position appears when a client opens a trade for the same volume in the contrary direction of one already open. This is not the same as closing the initial trade, since the lock position requires that both remain open.\u00a0<\/p><p>When you open a lock position (the contrary position) you will not be asked for additional margin as long as your Margin Level is higher than 100% on your Trading Account.<\/p><p>Since the Margin Level ratio expresses the relation between the Equity and the Used Margin (Margin Level = [Equity \/ Used Margin] * 100) you can see that as long as you have positive Free Margin (Margin Level &gt; 100%) you will be able to open lock positions without additional margin. If you don\u2019t have positive Free Margin you won\u2019t be able to open any new position including lock.<\/p><p>You can check your Equity, Used Margin, Free Margin and Margin Level on the status line of your\u00a0Forex Trading Account.<\/p><\/div>\n                <\/div><div class=\"eael-accordion-list\">\n                <div id=\"spread-variation\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"7\" aria-controls=\"elementor-tab-content-2027\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-genderless\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Spread variation<\/span><i aria-hidden=\"true\" class=\"fa-toggle fas fa-angle-right\"><\/i><\/div><div id=\"elementor-tab-content-2027\" class=\"eael-accordion-content clearfix\" data-tab=\"7\" aria-labelledby=\"spread-variation\"><div class=\"elementor-element elementor-element-c0bb0b3 elementor-widget elementor-widget-eael-adv-accordion\" data-id=\"c0bb0b3\" data-element_type=\"widget\" data-widget_type=\"eael-adv-accordion.default\"><div class=\"elementor-widget-container\"><div id=\"eael-adv-accordion-c0bb0b3\" class=\"eael-adv-accordion\" data-accordion-id=\"c0bb0b3\" data-accordion-type=\"toggle\" data-toogle-speed=\"300\"><div class=\"eael-accordion-list\"><div id=\"elementor-tab-content-2027\" class=\"eael-accordion-content clearfix\" role=\"tabpanel\" data-tab=\"7\" aria-labelledby=\"spread-variation\"><p>Please note that under the \u2018Terms and Conditions of Business\u2019 the company reserves the right to increase or decrease the spread beyond the Typical AVERAGE Spread that is displayed under the product specifications. This is likely to happen during abnormal market conditions.<\/p><p>\u00a0<\/p><\/div><\/div><\/div><\/div><\/div><div class=\"elementor-element elementor-element-44f6e9b elementor-widget elementor-widget-text-editor\" data-id=\"44f6e9b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\"><div class=\"elementor-widget-container\">\u00a0<\/div><\/div><\/div>\n                <\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-44f6e9b elementor-widget elementor-widget-text-editor\" data-id=\"44f6e9b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>* Please note that this is not an exhaustive list.<\/em><\/p><p><em>Commission: in the context of MetaTrader4, the client shall be charged commission; further information is available online.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8396d9e elementor-align-center elementor-widget elementor-widget-button\" data-id=\"8396d9e\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">OPEN LIVE ACCOUNT<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Order types Aqu\u00ed encontrar\u00e1 toda la informaci\u00f3n sobre ejecuci\u00f3n y apalancamiento que necesita en relaci\u00f3n con nuestra plataforma de negociaci\u00f3n. A trav\u00e9s de CIB MetaTrader 4 los operadores pueden enviar instrucciones para \u00f3rdenes instant\u00e1neas u \u00f3rdenes pendientes. Instant orders Orden instantanea This is an order to either buy or sell at the \u2018ask\u2019 or \u2018bid\u2019 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-19848","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Order types - CIBFX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cibfx.com\/en\/order-types\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Order types - CIBFX\" \/>\n<meta property=\"og:description\" content=\"Order types Aqu\u00ed encontrar\u00e1 toda la informaci\u00f3n sobre ejecuci\u00f3n y apalancamiento que necesita en relaci\u00f3n con nuestra plataforma de negociaci\u00f3n. A trav\u00e9s de CIB MetaTrader 4 los operadores pueden enviar instrucciones para \u00f3rdenes instant\u00e1neas u \u00f3rdenes pendientes. 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