What is a Pending Order?

A pending order is an order to buy or to sell an instrument when certain pre-defined prices specified by the trader are met. Essentially, when placing a pending order a trader informs their broker that they only want their order executed if the market price reaches a certain level.

Pending orders fall into two categories, limit orders and stop orders.

Limit orders can only be executed at the limit price specified by the trader. There are two types of limit orders; a buy limit order instructs that an instrument is bought at a specified price or lower while a sell limit order instructs that an instrument is sold at a specified limit price or higher. Since Limit orders guarantee that an order will be filled within the specified limits or not at all, they are thus useful in preventing slippage. However, even though they may prevent slippage, they run the risk of not being filled at times of high volatility.

Stop orders instruct that positions are opened or closed when specified prices are reached and are widely used to lock profits and minimize losses. Buy stop orders are entered above the current market price and sell stop orders are entered below the current market price. Although stop orders are frequently confused with limit orders they differ in a key aspect; when the market price reaches the level specified by a trader a market order is then automatically placed. As such, at times of high volatility they may be affected by slippage and poor fills in certain market conditions.

We want to hear from you! Stellar support available 24/5

Company

Markets

Trading & Tools

Education Centre

Educational Videos

Partner with us

Support

Errante Securities (Seychelles) Ltd (the “Company”) is regulated by the Seychelles Financial Services Authority (FSA) under license number SD038.

The services on the Website (errante.co) are provided and regulated by the Company incorporated in Seychelles with company number 8425493-1 with registered office at Room 12, Kingsgate House, Victoria, Mahe Seychelles. Circumvenio Holdings Ltd (Registration No. HE406903) provides content and operates the business, office address: with registered office at 30 Karpenisiou Street, 1077 Nicosia, Cyprus and business address at 67, Spyrou Kyprianou, 1st floor, 4042, Limassol Cyprus. Circumvenio Holdings Ltd is wholly owned by Errante Securities (Seychelles) Ltd.

The card transactions are processed by our subsidiary entity, Circumvenio Holdings Ltd (Registration No. HE406903), with registered office at 30 Karpenisiou Street, 1077 Nicosia, Cyprus and business address at 67, Spyrou Kyprianou, 1st floor, 4042, Limassol Cyprus. Transactions made through Paysafe Group Limited are processed through Errante Securities (Seychelles) Ltd.

Errante brand other jurisdictions:

Notely Trading Limited (www.errante.eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license no. 383/20.

Errante is a Trademark owned by the Errante Group. All other trademarks that appear on this website are the property of their respective owners.

Risk Warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. For more information, please read our Risk Disclosure Statement.

Restrictions to accessing our services may apply to individuals being a national of, or a resident of, the following — but not limited to — countries: Afghanistan, Albania, Belgium, Canada, Iraq, North Korea, Panama, Syria, USA, Yemen and Zimbabwe.

© 2024 Errante Securities (Seychelles) Ltd. All rights reserved.