- Market order: buy or sell a given instrument at the market price.
The price for these types of orders are defined as the best price available on the market at the point of time the order is being placed.
Since the price changes in constantly, the total price and fees are provided as estimates rather than exact values.
- Stop order: execute a trade at a specified price (stop price).
Traders may specify the desirable stop price for an order. When the stop price is reached, a stop order becomes a market order.
Stop orders don't require reserved funds and won't appear in the order book before being activated.