At present we work one type of order, stop trade, this means we will work your order for you until that price has traded in the market, then and only then will we fill your order at the prevailing market rate.
We offer various combinations of orders including if done orders and oco’s.

Stop Loss Order
For this order to be filled the Market has to trade at the price.
Example:
The market is 1.2785-87 and the client leaves an order to buy at 1.2800 as a Stop loss. The market moves higher and now the price is 1.2799-01 we also know that the market has traded at 1.2800. We would manually fill the order (In normal market conditions) at 1.2801.

Limit Order
For this order to be filled our price has to be bid at the rate if it is a sell order or offered at the rate if it is a buy order.
Example:
The market is 1.2785-87 and you leave an order to sell at 1.2800 on Limit. The market moves in your favour and now the BGCFX price is 1.2800-02 you are filled at the rate and sell at 1.2800. Please note you will not be filled if the price is 1.2799-01. The same will work if you were buying at 1.2760, the BGCFX price would have to be 1.2758-60 for you to be filled.

OCO Order (one cancels other)
An OCO order means that if one of the orders is filled then the other is cancelled automatically. This type of order is normally left when you have a position already and you want to leave a take profit and a stop loss attached to the original position.
Example:
The market is 1.2785-87 and the client leaves an order to buy at 1.2800 or at 1.2770. If the market goes down to his limit level then he will be filled at 1.2770 and the other order is automatically cancelled.

If Done Order (Primary and Contingent)
For these orders to be filled the second (attached order) only becomes active if the first one is done.
Example:
The market is 1.2785-87 and the client leaves an order to buy at 1.2800 stop loss if done stop loss at 1.2770.
The market moves higher and the price is 1.2800-02 so the primary order is triggered. The system automatically places the contingent part of the order which is a stop offer order at 1.2770. The market now moves lower to 1.2768-70 and the client is filled at 1.2769.