How can I place orders in the illiquid stocks in Fyers?
Placing a market order in illiquid stocks can be very risky as there might be a massive difference in the Bid & Ask price of the stock that might lead to freak trades. Therefore, it is always recommended to place a limit order where the order will be executed only if the stock price reaches your preferred limit price. As a thumb rule, it makes sense to place only limit orders to minimize slippage/impact cost.
For more details on how to place a limit order, refer to this article.
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What is the latency in FYERS for order placements?
At FYERS, you can place orders at less than 50 milliseconds. To see how it works, kindly checkout the video below: