Apex's software trading platform supports all standard order types.

Market Order: Just by looking at the "Dealer's Rates" window and clicking on the currency pair you wish to trade, then select the transaction size that will best accommodate you. You can then click "OK" to confirm.
Under no conditions will a market order be filled at a price to which the client has not approved.

The dealing desk responds to market orders in under 10 seconds during normal market conditions. During heavier market conditions, market orders are processed in less than thirty seconds. Clients do not wait more than thirty seconds in order to have their trade confirmed or to receive a new price on which to deal.

Entry orders
An order that is executed when a particular price level is reached and/or broken. The execution of these orders are under the supervision of the dealing desk and remain in effect until the client cancels the order. Entry orders fall into two broad categories and are executed according to the category.

Stop Entry orders
Stop Entry Orders are executed when the exchange rate breaks through a specific level. The client placing a stop entry order believes that when the market's momentum breaks through a specified level, the rate will continue in that direction. The execution of a stop entry order may involve a limited degree of slippage, usually two pips or less.

Limit Entry orders
Limit Entry Orders are executed when the exchange rate touches (not breaks) a specific level. The client placing a limit entry order believes that after touching a specific level, the rate will bounce in the opposite direction of its previous momentum. Limit entry orders are always executed at the specified level.

 

Operation	Placement of Orders	Type of Order
Buying Euros (price on right side) Buying Pounds	Above Market Rate	Stop Entry
Buying Euros (price on right side) Buying Pounds	Below the Market Rate	Limit Entry
Selling Euros (price on left side) Selling Pounds	Above Market Rate	Limit Entry
Selling Euros (price on left side) Selling Pounds	Below the Market Rate	Stop Entry
Buying Dollars (price on right side) Against the Franc or Yen	Above Market Rate	Stop Entry
Buying Dollars (price on right side) Against the Franc or Yen	Below the Market Rate	Limit Entry
Selling Dollars (price on left side) Against the Franc or Yen	Above Market Rate	Limit Entry
Selling Dollars (price on left side) Against the Franc or Yen	Below the Market Rate	Stop Entry

Stop-Loss Order
A stop-loss is an entry order linked to a specific position for the purpose of stopping the position from accruing additional losses. A stop loss order placed on Buy position is a stop entry order to Sell linked to that position. A stop-loss order remains in effect until the position is liquidated or the client cancels the stop-loss order. The execution of a stop-loss order may involve a limited degree of slippage, usually two pips or less.

Limit Order
A limit order is a limit entry order linked to a specific position for the purpose of locking in the gains on an existing position. A Limit order placed on a Buy position is a Close entry order to Sell linked to that position. A Limit order remains in effect until the position is liquidated or the client cancels the Limit order. Limit orders are always executed at the specified level.

Other specialized types of orders are accommodated via Telephone if needed. For further information on placing orders see via telephone or check out our trading platform or user manual.