All Collections
Aevo Exchange FAQs
What is the difference between limit order and market order?
What is the difference between limit order and market order?
Updated over a week ago

A limit order gives you certainty about execution price but not about time.

A market order gives you certainty about execution time but not about price.

A market order deals with the execution of the order. In other words, the price of the asset is secondary to the speed of completing the trade. Limit orders, on the other hand, deal primarily with the price. So, if the security's value is currently resting outside of the parameters set in the limit order, the transaction does not occur.

Market Order

  • Easier to set up as no price is specified

  • Will almost always be filled immediately

Limit Order

  • You must specify price at which order will trigger

  • May not get filled if limit order price is not met by market

Did this answer your question?