What is market order?Market Order
An order that fills right away at whatever price is available: the fill is guaranteed, the price isn't.
Animation · market order
Learn “market order” in an animated lesson
- Crypto BasicsPlacing Orders on an Exchange: Maker and Taker
Buying crypto with USDT on an exchange: a market order fills right away but costs more in fees and may slip; a limit order is cheaper but might not fill.
- Forex: Pending Orders & RiskWhat Is a Pending Order?
Don't want to watch the screen all day? Leave an order waiting at your target price and it fills automatically when the price gets there.
- Stock Trading: Next StepsLimit Orders
Fill only at my price or better. A limit order joins the order book queue and waits for someone to trade with.
- Stock Trading: Next StepsMarket Orders
No price preference, fill it now. Submit a market order yourself and watch it "eat" through the asks level by level.
- Stock Trading: Next StepsSlippage and Liquidity
Buying the same 2,000 shares can cost very different prices in a popular stock and a thinly traded one. Compare two order books to see why.
Related terms
See how “market order” works for yourself with an animation you can drag and play.
Go to “Placing Orders on an Exchange: Maker and Taker”