Interactive Order Simulator
See how different order types execute in real market conditions
Current Price
Simulated live price
Side-by-Side Comparison
| Feature | Market Order | Limit Order |
|---|---|---|
| Execution Speed | Instant | Conditional |
| Price Control | None | Full |
| Slippage Risk | High | Zero |
| Execution Guarantee | Guaranteed | Not Guaranteed |
| Best For | Urgent Trades | Planned Entries |
When to Use Each
Use Market Orders When
- You need immediate execution
- Trading highly liquid pairs
- Order size is small relative to volume
- Price is moving fast and you need in/out
Use Limit Orders When
- You have a specific target price
- You want to minimize fees
- You're placing larger orders
- You're not in a rush to execute
Slippage Warning
Market orders in low liquidity markets or during high volatility can experience significant slippage. Always check order book depth before placing large market orders.
Key Takeaways
Market orders guarantee execution but not price - use for urgent trades in liquid markets.
Limit orders guarantee price but not execution - use for planned entries and to minimize fees.
Larger orders have higher slippage risk - consider splitting into smaller chunks.
Most exchanges charge lower fees for limit orders (maker) vs market orders (taker).
Best Exchanges for Trading
All exchanges below offer both market and limit orders with competitive fees.
Ready to Start Trading?
Practice with market and limit orders on the world's top exchanges with exclusive fee discounts.