Market Order vs Current or Better order

[Chuckfk]

Hello, what is a Current or better order?  I understand the Market order and assume the Current or Better would buy at the current or a lower (better) price?  New to FX

Thanks,

[Caseynotes]

10 hours ago, Chuckfk said:

Hello, what is a Current or better order?  I understand the Market order and assume the Current or Better would buy at the current or a lower (better) price?  New to FX

Thanks,

Hi, in addition to the above what they are really talking about is at times of higher than normal volatility there may be slippage. It used to be that disreputable brokers would happily pass on slippage if it worked against the client but slippage can work either way and they would pocket any gain if it worked in your favour. What IG are pointing out is that they will pass the not only any loss but also any gain if actual price is better than the current price when you hit the buy or sell.

Edited February 14, 2020 by Caseynotes