With a market order, the buy or sell order is executed at the next tradable market price.
This may differ significantly from the last price at the time the order was placed due to price fluctuations.
An automatic limit (max. 4% above the ask price) is inserted to protect you as an investor from major losses due to price fluctuations. A buy order in the form of a market order is therefore automatically converted into a limit order in the Scalable Broker.
A Market order is generally valid for 360 days from the day of creation. For manual orders, the validity may vary. After 360 days, the order is automatically cancelled. If required, you can, of course, manually cancel the order at any time. It is currently not possible to adjust this period according to your own preferences.
The creation of limit orders is possible on trading days from 00:15 to 23:30.