In the Basic tier, you have access to market orders, which are executed immediately at the best available price. This is ideal when speed is more important than price.
With the Plus and Prime tiers, you gain access to additional order types that offer more control:
Limit Orders
Limit orders let you set the maximum price you're willing to pay when buying or the minimum price when selling. These orders ensure you get the price you want or better, but they are only active until the end of the trading day.
Zero Orders
These orders are free and can be placed anytime during market hours but are executed at the daily Cut-Off Time (e.g., 16:00 in Amsterdam). The execution price may differ slightly from the price at the time of order placement. Orders can be cancelled before the Cut-Off Time.
GTC (Good-Til-Canceled) Limit Orders
GTC orders remain active until executed or cancelled, giving you long-term flexibility without needing to monitor the market constantly.
These order types—Limit, Zero, and GTC—provide more flexibility and control, allowing you to better tailor your trading strategy to your goals.