What is Cover Order & its advantages

You are here:
< Back to Knowledge base

A Cover Order is a market order that is placed along with a Stop Loss Order. In a Cover Order the buy and sell order is always a Market Order that is accompanied with a compulsory Stop Loss order in a specified range as predefined by the system which cannot be cancelled.

In which the user can take an intraday position and take advantage of high exposure while being protected through a stop loss order. We also provide upto 30 times exposure. Limited Risk and Maximum Profit.

Stop Loss is attached with the Entry order, so losses are limited And you can exit cover order with profit. The Cover Order gives you more exposure than MIS product type.