What Is a Market Order?
A Market Order on Pluang is a PRO Mode Advanced Order that buys or sells crypto immediately at the best price currently available in the market, prioritising speed of execution over an exact price. Unlike a Limit Order, it doesn't wait for a target price — it fills right away against the order book. The trade-off is price certainty: because crypto prices move continuously, the price you saw can differ slightly from the price you get, especially in a volatile market. On Pluang's spot crypto this settles in IDR.
Good to know:
- Execution is immediate — no waiting for a specific price.
- The actual fill price (and unit amount) can differ slightly from the displayed price, especially in a volatile or thin market.
- It's a taker order — it incurs a taker fee (subject to 11% VAT) and a floating spread.
- The Instant/Market route carries a 0% opportunity charge, but the spread still applies.
Related questions:
Q: Will my Market Order execute at the exact price I saw?
Not necessarily — it fills at the best available price at the moment of execution, which can differ slightly, especially when the market is moving fast.
Q: What is the difference between a Market Order and a Limit Order?
A Market Order executes immediately at the best available price (speed); a Limit Order only executes at your set price or better (price control), and may not fill at all.
Q: When should I use a Market Order?
When speed matters more than a precise price — you want the trade to go through now rather than risk missing the move.
Q: Does a Market Order have a fee?
Yes — a taker fee (subject to 11% VAT) plus a floating spread. The Instant/Market route carries a 0% opportunity charge, but the spread still applies.
Q: Can I cancel a Market Order after placing it?
A Market Order is designed to execute immediately, so there is usually nothing left to cancel. Cancellation applies to unexecuted Limit, Stop, and Stop-Limit Orders.