Important: All operations and data in the New Order window are valid for the currently active symbol. The current symbol is displayed at the top right of the window (GBPUSD in the screenshot). 

Market order

To place a market order:

1. Select a symbol.

2. Set the order volume. If the order volume is less than or greater than the minimum/maximum allowable trade amount, the trade buttons become inactive. Hover over the field to see the range of possible volume values, trade step and commission.

3. Click Buy or Sell to place an order at the current market price. The Sell button displays the best current Bid price, and the Buy button shows the best current Ask price. The current Spread is indicated in the middle. If the price goes up, the trade button turns green. If the price goes down, the button turns red . This helps you to quickly react to market changes.

The value-weighted average price (VWAP) is indicative. The actual price for closing and opening the trade may differ from prices shown in the Depth of Market (Level2).

• VWAP off: The SELL/BUY buttons show the best current prices on the market.
  
• VWAP on: The SELL/BUY buttons show the best prices depending on your Order volume. 

Limit order

To place a Limit order:

1. Select a symbol.

2. Set the order volume. If the order volume is less than or greater than the minimum/maximum allowable trade amount, the Place Limit button becomes inactive. Hover over the field to see the range of possible volume values, trade step and commission.

3. Select the order side: Buy or Sell.

4. Price: Indicate the price at which you want the order to be activated. Hover over the field to see the range of possible price values and the price step.

This setting allows you to hide your intentions from other market participants.

5. Set the order execution type:

• GTD (Good Till Date): The order is valid until the specified date and time unless it has been filled or canceled. You can specify the date and time of order expiration using the date picker .
  
• GTC (Good Till Canceled): The order is valid until you cancel it unless it has been successfully filled.
  
• IOC (Immediate or Cancel): The order is immediately executed, and any portion of the order that cannot be filled immediately is canceled.
  

6. Click Place Limit to place the order.

Stop order

To place a Stop order:

1. Select a symbol.

2. Set the order volume. If the order volume is less than or greater than the minimum/maximum allowable trade amount, the Place Stop button becomes inactive. Hover over the field to see the range of possible volume values, trade step and commission.

3. Select the order side: Buy or Sell.

4.  Price: Indicate the price at which you want the order to be activated. Hover over the field to see the range of possible price values and the price step.

5. Set the order execution type:

• GTD (Good Till Date): The order is valid until the specified date and time unless it has been filled or canceled. You can specify the date and time of order expiration using the date picker .
  
• GTC (Good Till Canceled): The order is valid until you cancel it unless it has been successfully filled.
  

6. Click Place Stop to place the order. 

Stop Limit order

To place a Stop Limit order:

1. Select a symbol.

2. Set the order volume. If the order volume is less than or greater than the minimum/maximum allowable trade amount, the Place Stop Limit button becomes inactive. Hover over the field to see the range of possible volume values, trade step and commission.

3. Select the order side: Buy or Sell.

4. Set the Stop and Limit prices. Hover over the fields to see the range of possible price values and the price step.

• Stop Price: The Stop Limit order is activated at the Stop price. After the Stop order is activated at the Stop price, a new Limit order with a new ID is created.
  
• Limit Price: Activation price of the Limit order.
  

5. Set the order execution type:

• GTD (Good Till Date): The order is valid until the specified date and time unless it has been filled or canceled. You can specify the date and time of order expiration using the date picker .
  
• GTC (Good Till Canceled): The order is valid until you cancel it unless it has been successfully filled.
  
• IOC (Immediate or Cancel): The order is immediately executed, and any portion of the order that cannot be filled immediately is canceled.
  

6. Click Place Stop Limit to place the order.

Depth of Market section

The Depth of Market (Level2) section at the bottom of the New Order window lets you observe the best Bid and Ask prices with the corresponding volumes and place pending orders. 

You can add a histogram of pricing data to the Level 2 section.

• None: The histogram is not displayed.
  
• Non-aggregated: The histogram shows non-aggregated data.
  
• Aggregated: The histogram shows the aggregated data on the volume and price.
  

* Price bands are colored green when the difference between prices’ high-order digits is 1 or greater, e.g. the first best Bid price displayed is 2440.000 and the second best Bid price is 2439.999 so the second best Bid price band is colored green.

Price precision affects how price levels are displayed in Level 2.

 Decrease price precision: Prices that do not differ by the last digit are summed up by the weighted average formula and form one price and one total volume in Level 2. If you click this button once again, subsequent decimal places will be taken into account in the calculation.

 Increase price precision: Opposite setting, which increases price precision in Level 2.

At the bottom of the section, you can see the total available Bid and Ask volumes, and the VWAP Bid and Ask prices.

To see the average price and total volume for multiple rows in Level 2, select the rows by right-clicking them. Then point to the rows to see a tooltip showing the average price and total volume for Bid and Ask.