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What is a limit order in foreign exchange (FX)?
What is a limit order in foreign exchange (FX)?

A limit order is an order type that lets you set a (click to read full definition and learn how to do a limit order with amnis).

Sabrina Maly avatar
Written by Sabrina Maly
Updated over a year ago

By entering an fx limit order, you place an order to buy or sell a currency only if a certain exchange rate is reached in the currency markets.

A limit order will be executed automatically if the desired exchange rate is reached before the set expiry date of the order. If, however, your limit is not hit until the expiry date, the order is cancelled automatically.

Learn how to book a limit order with amnis.

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