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Here we'll look over the steps on how to place a market order on the new order screen of the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Unlike a limit order, you use the current market rate when placing a market order. The order gets executed as soon as it reaches the market, so there may be slippage, which is the difference between the requested price and the execution price, due to the volatility of the symbol. There are two types of market orders: buy and sell, either of which can open a position.
Related article: Open the new order screen
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