Order types

What types of orders can I place on the different CFD accounts?

This table is a summary of the order types that are available on CFD Accounts. The types of orders available on our Electronic Trading Platform/s may change from time to time and additional order types may be added to our Electronic Trading Platform/s. Information on order types is available when you log into your Account. If you have any questions, please contact Client Services.

  CFD Account
Market Orders Available
Market Open Orders Limited Availability*
Market Open (Buy) Orders Limited Availability*
Market Open (Sell) Orders Limited Availability*
Stop Loss Orders Available
Stop Entry Orders Limited to certain instruments
Market Trigger Orders Limited available and instruments
Shield CFD Stop Loss Orders N/A
Available OCO Orders
If Done Orders Available
Guaranteed Stop Loss Orders Available
Day Orders Available
Good Till Cancelled Orders Available
Market Fill or Kill Orders Limited Availability
Market Fill and Kill Orders N/A
Market to Limit Orders Limited Availability
Contingent Orders N/A
Best N/A

*Please refer to our Electronic Trading Platform/s or contact our Dealing Desk for confirmation of whether this order type is available to you.

Limit and Stop orders

These orders are recommended for traders new to CFDs. These can be used on every trade no matter whether you’re going long or short and are most useful for traders who do not have the time to constantly monitor prices whilst the market is open.

Guaranteed Stop Loss Orders (GSLO’s)

These orders are executed at your determined price regardless of any market slippage. GSLO’s are required to be set at least 5% away from the price at time on placing the order. There is a premium for this service but they do provide a peace of mind when trading in volatile markets. GSLO’s can only be placed over the telephone with the dealing team. GSLO’s are not available on all products.

What is the cost of Guaranteed Stops?

The current premiums charged for placing a GSLO, and the minimum distance from the CFD Bid or Offer price are specified in the table below:

Product Premium Minimum % away from
current CMC Markets price
Share CFDs 0.3%; or 30 basis points * 5%
Sector CFDs 0.2%; or 20 basis points 1%
Index CFDs 0.1%; or 10 basis points 1%

*This is with the exception of German Share CFDs outside the top 30, which cost 0.6% or 60 basis points.

All GSLOs are subject to a minimum cost of $30 in the currency local to where the CFDs are denominated. We may increase these costs and terms according to market conditions. The premium paid is calculated by multiplying the Contract Value of the GSLO by the premium stated above.

One Cancels the Other orders (OCO’s)

OCO’s include a stop and limit order together so when one is activated, the other is cancelled.

If-done orders

If done orders are used when you want to place a pending order to open a new positions but want to have a stop loss or limit automatically created when the position is opened.