A market order is an order to buy or sell at the current market price. It does not guarantee a specific price.
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1. A market order does not specify a price and may fill at an unexpected price when market conditions change rapidly.
2. The price of a market order is calculated as the current price multiplied by market order multiplier, and the market order multiplier is subject to adjustment by FUTU HK from time to time according to market conditions. If you place a market order, part of your buying power will be frozen accordingly. Once the order is filled or cancelled, that part of your buying power will be released.
Disclaimer
FUTU HK offers market orders as an easy online trading option for its customers. Although we strive to ensure a stable service, we cannot promise it will be perfect. We are not liable for any financial losses or damages if a market order fails because of issues like network problems, server errors, or external factors.