At FYERS, placing market orders in the MCX Options segment is not allowed due to the low liquidity in commodity derivatives, particularly options, in India. Many of these contracts are illiquid, and allowing market orders could lead to erratic trades that may exhaust your funds quickly.
You can place limit orders, which give you better control over the price at which your order is executed. Limit orders allow you to define the price at which you want to buy or sell an option, ensuring that your trade is executed only at your desired price or better.
For more details on how to use limit orders, refer to our article on limit orders: How to Place a Limit Order in FYERS
| Scenario | Outcome |
|---|---|
| I place a market order on a commodity option | The order will be rejected as market orders are not allowed |
| I place a limit order for commodity options | The order will be executed at your specified price or better, depending on market conditions |
| I want to trade illiquid options | Always prefer limit orders to avoid large slippage and unexpected execution prices |
Last updated: 27 Jun 2025