Our platforms support the following types of orders:
Market Order - buy or sell at current offer or bid price. Stop Loss & Take Profit orders may be attached when opening a position.
Buy Limit Order - buy at a fixed price which is lower than the current offer.
Buy Stop Order - buy at a fixed price which is higher than the current offer.
Sell Limit Order – sell at a fixed price which is higher than the current bid.
Sell Stop Order – sell at a fixed price which is lower than the current bid.
Stop Loss – an order to close out a position at a specified price to limit loss.
Take Profit – an order to close out a position at a specified price to protect profit made.
Trailing Stop - a sell trailing stop sets the stop price at a fixed level below the market with an attached "trailing" amount. As the market price rises, the stop price rises by the trail amount. If the price falls, the original stop price doesn't change and the position is closed out when the stop price is hit. This allows the investor to specify a limit on the maximum possible loss.
IKON Finance Limited is incorporated in England and Wales, Company number 7251305 and authorised and regulated by the Financial Conduct Authority ("FCA"), FRN 525113.
Trading FX and/or CFDs on margin is high risk and not suitable for everyone. Losses can exceed investment. Please read our Risk Disclosure notice.