This means that the order will be executed at the best available market price which may be different from the stop price. In contrast, a stop-limit order becomes a limit order when the stop price ...

However, if the market price changes rapidly, that could mean that you end up selling for less than you'd ideally like. Another option is to use stop-limit orders to add more control over your order.

Learn More: Stop-Limit Order Definition: Features & Examples Are there fees for limit orders? If your brokerage charges trading fees, a single limit order should incur the same fees as a market order.

So, a market order might mean that your broker fills the order ... having your trade executed as a market order, a limit order, a stop order, a stop limit order, or even a trailing stop order.