What order types are used (market/limit) and how is slippage handled?
Last Updated last year
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Axe primarily uses market orders for fast, complete execution.
However:
- For illiquid stocks, limit orders may be used to avoid excessive price impact.
- In Autopilot mode, Axe monitors execution quality to minimize slippage (difference between expected and actual trade price).
All orders are executed directly via your broker to maintain transparency and compliance.