What are the types of order execution?
There are two types of order execution:
1. Instant Execution (immediate execution);
2. Market Execution (market execution).
Trade opening in Instant Execution mode occurs at a price that the broker offers. Since the market is not on the Mets, and rates are constantly changing, there is a good offer – an offer to open a transaction at the new price. This mode is usually applied in classical and cent account types. In ECN mode Market Execution orders in this case are opened instantly at the market price.