Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

A working order is a general term for either a stop or limit order to open. It is used to advise your broker to execute a trade when an asset reaches a specific price.

Working order definition

A working order is a general term for either a stop or limit order to open. It is used to advise your broker to execute a trade when an asset reaches a specific price.

Working orders are one of several varieties of orders, including market orders that will execute at the best available price that day, or good-‘til-cancelled orders that remain open indefinitely.

Unlike most types of order, though, working orders are not differentiated by their expiry date. Instead, working orders can have any length of expiry attached to them, from the same day to good-‘til-cancelled.

There are two varieties of working order:

  • Stop orders will execute at a level less favourable than the current market price
  • Limit orders will execute at a level more favourable than the current market price

 

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