What is the market range for a limit order?

When setting a limit order, it is important to bear in mind that your requested order rate may not be traded during volatile periods in the market. In such cases, your order may execute into a position within a range of the target rate. This market range not only ensures that the order is executed at a suitable rate, but also acts as a safety measure so that a trade does not open in cases where the price has moved sharply away from the target rate.

 

An order will trigger only once your requested rate is reached in the market. The market range starts at the target rate you had set and goes in the direction the market is moving from the market rate at the time of the order, as follows:

  • If the target rate is higher than the market rate at the time of the order, the range will be upwards.
  • If the target rate is lower than the market rate at the time of the order, the range will be downwards.

 

The market range varies according to the asset type:

  • Stocks / ETFs / Commodities / Indices: The market range is 1% of the asset’s price.
  • Crypto: The market range is 3% of the asset’s price.
  • Currencies: The market range is calculated in pips. To see the full list, see below:
 
Symbol Market Range (pips)

EUR/USD

200

GBP/USD

200

NZD/USD

200

USD/CAD

200

USD/JPY

200

USD/CHF

200

AUD/USD

200

EUR/GBP

200

EUR/CHF

200

EUR/JPY

200

GBP/JPY

200

EUR/AUD

200

EUR/CAD

200

AUD/JPY

200

CAD/JPY

200

CHF/JPY

200

USD/HKD

392

USD/ZAR

200

USD/RUB

200

USD/CNH

200

AUD/CHF

200

AUD/CAD

200

AUD/NZD

200

EUR/NZD

200

GBP/AUD

200

GBP/CHF

200

GBP/NZD

200

NZD/CAD

200

NZD/CHF

200

NZD/JPY

200

CAD/CHF

200

USD/NOK

65

USD/SEK

45

NOK/SEK

138

EUR/NOK

200

EUR/SEK

46

USD/TRY

19

USD/MXN

200

USD/SGD

13

GBP/CAD

23

ZAR/JPY

391

EUR/PLN

137

USD/HUF

99

EUR/HUF

200

GBP/HUF

200

CHF/HUF

200

USD/PLN

200

USD/CZK

100

USD/RON

100