Trading & Strategy · 6 min read

Market vs. Limit Orders: Which Order Type Should You Use?

You go to buy a player at 42.10, spend twenty seconds deciding, and fill at 43.60 because the price moved while you were thinking. That gap is the entire reason order types exist.

Trading here works like a brokerage account. You buy when you believe in a player, and you sell to lock in a gain or cut a loss. How you place that order matters about as much as what you're buying: the type you choose controls the price you actually get, and your tier controls which types you can reach.

The three order types

Market order (all tiers)

A market order executes immediately at the current price. You get filled instantly, and the price you see is the price you get. Market orders are the right tool when speed matters more than precision, reacting to news, or trading a high-float player where the price is not jumping around.

Limit order (Pro & Elite)

A limit order lets you set the exact price you're willing to pay or accept. It won't fill unless the market reaches your target. Limit orders are how disciplined traders avoid overpaying: you decide your price in advance instead of chasing the market. The trade-off is that the order may never fill if the price doesn't come to you.

Maker privileges (Elite only)

Elite members can place resting orders that add liquidity to the market. This gives execution advantages on large positions and in thin, limited-float markets where filling a big order with a market buy would move the price against you.

Daily trade limits and fees

Your tier also sets how often you can trade and what each trade costs:

TierDaily tradesTrade fee
Free10 / day1.0%
Plus25 / day0.5%
Pro50 / day0%
EliteUnlimited0%
Free users pay 1% on every trade. That sounds small until you trade actively, buy and sell the same position and you have paid roughly 2% round-trip before you even account for taxes. Plus cuts that in half, and for an active trader, the Pro fee waiver alone can pay for the subscription.

Choosing the right order

A simple rule of thumb: use a market order when you need to act now and the player's float is large enough that your order won't move the price. Use a limit order when you have a price in mind and the patience to wait for it, especially on volatile, limited-float names where prices swing through your target regularly. If you're an Elite trader building a large position in a thin market, maker privileges let you do it without paying up.

Don't trade blind: watchlists and alerts

Good orders start with good monitoring. Watchlists and price alerts let you track players and get notified when one hits a level worth acting on. Free and Plus users have no watchlists; Pro gets up to 5; Elite gets unlimited watchlists with advanced alert triggers. Pairing alerts with limit orders is the cleanest way to buy at your price without staring at the screen all day.

Keep reading