Understanding Market Orders on FYERS

What is a market order on FYERS and how does it work?

A market order is an instruction you provide to your broker to buy or sell a security at the best available current market price. Prioritising immediate execution, this order type might not guarantee the exact transaction price. As the market fluctuates in real-time, the execution price can be different from the Last Traded Price (LTP) you observe when placing the order.
For example, if stock ABC has an LTP of ₹100, a Best Bid of ₹99, and a Best Offer of ₹101:
  • A market buy order will likely execute at ₹101.
  • A market sell order will likely execute at ₹99.
Note: If securing a specific transaction price is crucial for you, we suggest using limit orders on the Fyers platform instead of market orders.
    • Related Articles

    • What are After Market Orders (AMO) / Schedule Order?

      After Market Orders (AMO) a.k.a Schedule Orders allow investors and traders to submit orders outside the regular trading hours. Once placed, these orders are scheduled for execution on the subsequent trading day, adhering to the specified order type ...
    • Can I place market orders for commodity options on FYERS?

      At FYERS, placing market orders in the MCX Options segment isn't feasible. Given that commodity derivatives, especially Options, witness low trading volumes in India, many of these options contracts are illiquid. Permitting market orders can ...
    • Why is my market order in the options segment rejected?

      If you're experiencing rejections of market orders in the options segment at FYERS, it's due to changes in our trading policies. Here's what you need to know: Current Week/Month Contracts: Market orders are only allowed for contracts that expire in ...
    • What is Post-Market and can I place an order during Post-Market?

      Post-Market is the period where the trading activities take place just after the closing of the regular stock market session. Post-market sessions are scheduled between 3:40 PM and 4:00 PM on the trading days for both the National Stock Exchange ...
    • Why did my CO/BO order get executed at different price points?

      Cover Order (CO) and Bracket Order (BO) are types of multi-legged orders that come with pre-defined stop-loss and/or target levels, alongside the main entry order. The execution of these orders is dependent on the available Bid/Ask in the market for ...