Can I Place Market Orders for Commodity Options in FYERS?
At FYERS, we do not allow market orders in the MCX Options segment. This is an intentional safeguard to protect traders from slippage and unfavourable executions. Since commodity options in India usually trade with low liquidity and wide bid-ask spreads, market orders can execute at unpredictable prices and lead to significant losses. To ensure better price control and risk management, we only allow limit orders in commodity options.
Why Market Orders Are Not Allowed at FYERS
- Low Trading Volume: Many MCX option contracts have limited trading activity. If you place a market order, it can consume all available bids or offers, executing far from your expected price.
- Wide Bid-Ask Spreads: Illiquid strikes can have large price gaps, causing orders to fill at highly unfavourable levels.
- Risk of Slippage: In a thinly traded market, even a small market order can trigger major price movement, resulting in unexpected losses.
How You Can Trade Safely
We recommend using limit orders instead of market orders. A limit order lets you define the exact price you are willing to pay (for a buy) or receive (for a sell). Your order will execute only at that price or better, giving you greater control and protection against volatility.
How to Place Limit Orders
- FYERS App: Search for the MCX option contract, tap Buy or Sell, choose Order Type: Limit, enter your desired price and quantity, and place the order.
- FYERS Web: Visit fyers.in/web, open the contract, select Limit in the order window, set your price and quantity, and confirm the order.
- FYERS Trader: Log in at trade.fyers.in, open the desired contract, choose Limit, enter price and quantity, and submit the order.
Tip: At FYERS, we recommend reviewing the Option Chain or Market Depth before placing a limit order. This helps you identify realistic bid-ask levels and improves your chances of timely execution.
What If...
| Scenario | Explanation |
|---|
| I place a market order on a commodity option | The order will be rejected automatically because market orders are disabled in the MCX options segment at FYERS. |
| I place a limit order | Your order executes at your specified price or better, depending on available liquidity in that contract. |
| My limit order does not get filled | You can modify the price closer to the live bid-ask spread or wait for better liquidity during active market hours. |
| I am not sure why my order did not execute | You can review the market depth or contact our support team and we’ll help you understand the order behaviour. |
Important: At FYERS, we disable market orders for MCX options to prevent slippage and erratic price fills in low-liquidity contracts. Always use limit orders for safer, more controlled trade execution.
Last updated: 06 Nov 2025
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