Thndr offers several ways to place stock orders, allowing you to balance speed, price precision, and execution rules according to your strategy.

While some investors prioritize immediate execution, others prefer to wait for a specific target price or apply conditions to manage how an order is filled. This guide breaks down the essentials of order management, including:

A market order is an instruction to buy or sell a stock immediately at the best available price.

How it works: It guarantees execution but does not guarantee the price. In fast-moving markets, the final price might differ slightly from the last one you saw on the screen.

Safety Buffer: For market buy orders, Thndr may apply a temporary 10% safety buffer to help ensure sufficient buying power.

When to use: When you want to enter or exit a position right away and the exact price is less important than the certainty of the trade.

Important to know: During sharp price moves, execution may happen higher or lower than expected.

A Recurring Market Order is a scheduling feature that automates a Market Order at a frequency of your choosing (Daily, Weekly, or Monthly).

How it works: You set the initial order and choose your preferred frequency: Daily, Weekly, or Monthly.

When to use: This is ideal for investors practicing cost averaging who want to build a position over time without manual entry.

A Limit Order allows you to buy or sell at the price you set.

How it works: The trade will only execute if the stock reaches your specified price (or better). If the price never hits your limit, the order remains unfilled.

Queue Priority: EGX uses Price-Time Priority. This means the best price gets filled first; if multiple people choose the same price, the person who placed the order first is next in line.

When to use: When you have a specific "entry" or "exit" target in mind and are willing to wait for the market to reach it.

A Limit Order must comply with Egyptian Exchange (EGX) price boundaries. If the price entered falls outside the allowed range, the order will be rejected.

Daily price limits are calculated based on the previous close price.

Thndr automatically applies the exchange's price boundaries when you place a limit order. The app won't let you enter a price outside the allowed range — so if your input is blocked, that's why.

Numerical Example

Yesterday's Close: 100 EGP

This means valid limit prices for today must be between 80 EGP and 120 EGP. Any price outside that range would normally be rejected by the exchange, which is why Thndr blocks it during order entry.

For experienced investors, advanced controls add specific rules to how and when a Limit Order is filled.

Settlement refers to when the transfer of shares officially completes. On the EGX, different shares in your portfolio may be in different settlement states depending on when you bought the shares. When placing an advanced sell order, you need to specify which settlement bucket you're selling from:

Note: Settlement cycle selection only applies to sell orders. Not all stocks support all settlement types — available options will appear based on your holdings.

Execution conditions let you specify additional rules for how your limit order should be filled.

All or None (AON) ensures the order is only executed if the full number of shares you requested can be bought or sold in a single transaction to prevent "partial fills".

When to use: When you need a specific quantity bought or sold to fulfill your strategy, or when you do not want to end up selling only part of your holdings and keeping a small leftover position.

Requires a minimum quantity to execute first. The remaining quantity may fill later. Useful when you want meaningful initial execution while keeping flexibility.

When to use: When you want at least a minimum number of shares filled immediately, while allowing the rest to complete later.

A specialized condition where an entry order is "bracketed" by two exit orders: a Take Profit (Limit) and a Stop Loss (Market). If one triggers, the other is automatically cancelled. This order is currently only available on ThndrX
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When to use: When you want to enter a trade with a clear exit plan, lock in gains automatically, and limit losses without needing to watch the market constantly.

Order expiry determines how long your order stays active if it is not filled immediately. Different expiry options give you control over whether an order stays open, expires at the end of the day, or must execute instantly.

Your order stays active until the market closes on the same trading day. If it is not fully executed by then, the remaining quantity expires automatically.

When to use: When you only want the order active for today’s session and do not want it to carry into another trading day.

Your order remains active until it is fully executed or you cancel it manually. If only part of the order fills, the remaining quantity stays open and can continue executing across multiple trading sessions over several days until a match is found.

When to use: When you have a target price in mind and are willing to wait beyond one trading day.

Your order stays active until a future date you choose. If it does not fill by then, it expires automatically.

When to use: When you want the order to stay open for a limited period without needing to cancel it manually later.

Your order must be executed immediately in full. If the full quantity is not available right away, the entire order is cancelled.

When to use: When you need the complete quantity instantly and do not want any partial execution.

Your order executes as much as possible immediately. Any unfilled quantity is cancelled right away.

When to use: When you want instant execution for available shares, but are comfortable cancelling the remainder.

Normally, orders for T+0 or T+1 stocks expire at the end of the day. Selecting "Persistent" allows these orders to carry over into future sessions according to your GTC or GTD settings.

When to use: When trading eligible T+0 / T+1 stocks or when you want your order to stay in the market across sessions, until it executes, expires, or you cancel it manually.

A stop sell order (also known as a stop-loss order) is a conditional sell order that remains inactive until the stock reaches a trigger price you choose. Once that price is reached or crossed, the order automatically converts into a market order and is sent for execution at the best available price.

How it works: It stays hidden from the exchange order book until the market price falls to your trigger.

The “Gap” Risk: Because it converts to a Market Order, the final execution price is not guaranteed. If a stock closes at 10 EGP and opens the next day at 7 EGP, your 9 EGP stop sell will execute at 7 EGP.

When to use: When you want to protect your portfolio from losses (limit downside risk) and automatically exit a position without needing to monitor the market constantly.

A Bracket Order helps you plan your exit before your trade begins. You place your primary order, and combine it with two linked exit levels: one to take profit if the price rises, and one to limit losses if the price falls. Your main order must be filled first. The profit and stop-loss exits only become active after your entry order is executed. Only one exit order can execute. This order type is only available on ThndrX

How it works: It sets your exit plan in advance once your main order is filled.

When to use: When you want to enter a trade with a clear exit plan, lock in gains automatically, and limit losses without needing to watch the market constantly.

Not every order type can be paired with every expiry rule. The combinations available to you depend on the execution type and advanced controls selected. The table below shows which options are supported together.

Which order type should I use as a beginner?

If you're just getting started, a market order is the simplest option — it executes immediately at the best available price. As you get more comfortable, limit orders give you more control over the price you pay or receive.

Can I modify an order after placing it?

It depends on the order type. Limit orders with Day, GTC, or GTD expiry can be modified or cancelled while they're still active. All market orders, FOK and IOC orders cannot be edited — they execute or cancel instantly.

What happens if my limit order price is outside the exchange's price limits?

Your order will be rejected by the exchange. Make sure your limit price falls within the daily price limits for the relevant market segment before submitting.

Are market orders available during all trading sessions?

Not always. On the EGX, market orders are not accepted during the pre-close and Trade at Close sessions (after 2:15 PM). Only limit orders are permitted during those periods.

What is the difference between Fill or Kill and Immediate or Cancel?

Fill or Kill (FOK) requires your entire order to be filled instantly — if the full quantity isn't available, the whole order is cancelled. Immediate or Cancel (IOC) is more flexible — it fills whatever quantity is available right away and cancels only the unfilled remainder.

What happens to my recurring order during a market holiday?

If a scheduled recurring stock market order falls on a day when the market is closed, such as a weekend or a public holiday, the order is automatically deferred and placed during the next available trading session.

Why was my Limit Order rejected?

The common reasons is that your price was outside the +/- 20% daily limit,

Can I use Market Orders at 2:30 PM?

The EGX only allows Limit Orders during the Pre-Close and Trade at Close sessions (typically after 2:15 PM).

What happens to my Stop Sell if the market "gaps" down?

If the stock price dips below your trigger price (e.g., opening much lower than it closed), your order will trigger at the first available market price, which may be significantly lower than your trigger price.

I bought shares today — why can't I sell them?

Shares you buy today are on T0 settlement, which means they haven't fully cleared yet. To sell them on the same day, you need to place an Advanced Limit Order and select T0 as the settlement cycle. Regular market orders and standard limit orders don't support same-day settlement and won't let you sell those shares until they settle.