If your market order in the options segment is getting rejected at FYERS, it's likely due to our policy to safeguard traders from poor execution in illiquid markets. Here's a breakdown of when market orders are allowed and when they aren't.
Current Week and Month Expiry Contracts:
You can place market orders for options contracts that expire in the current week or current month. These contracts typically have sufficient liquidity.
Next Week/Month and Far Expiry Contracts:
Market orders are not permitted for contracts beyond the current expiry period. You'll need to place a limit order instead, specifying the maximum price you’re willing to buy or the minimum price to sell.
BSE F&O Contracts:
Market orders are completely disallowed due to frequent illiquidity. Instead, FYERS applies MPP (Market Price Protection) to convert market orders into limit orders, preventing orders from being filled at unfavorable prices.
| Scenario | Outcome |
|---|---|
| You place market order for current expiry | Order is accepted and executed |
| You place market order for next or far expiry | Order is rejected; use limit order instead |
| You place market order on BSE F&O | Rejected or converted to MPP-based limit order |
| You want to place market order on commodities | Check this commodity options guide for more info |
Last updated: 27 Jun 2025