An all or none (AON) order<\/strong> is a trading order that must be executed in full at a specified price, or not executed at all. If the full quantity cannot be filled, the order will remain unfilled or be cancelled.<\/p>\n In simple terms, it tells your broker: \u201cfill the entire order, or do nothing.\u201d<\/strong><\/p>\n When you place an AON order, the system checks whether enough shares<\/a> or contracts are available at your chosen price to complete the trade.<\/p>\n If the full quantity is available \u2192 the order is executed<\/p>\n<\/li>\n If not \u2192 the order stays open or expires unfilled<\/p>\n<\/li>\n<\/ul>\n Unlike standard market or limit orders, partial fills are not allowed<\/strong>.<\/p>\n Because of this restriction, AON orders may take longer to execute, especially in markets with lower liquidity or limited trading activity.<\/p>\n Imagine you want to buy 1,000 shares at $20<\/strong> using an all or none order:<\/p>\n Only 600 shares are available \u2192 the order is not executed<\/p>\n<\/li>\n Later, 1,000 shares become available \u2192 the full order is filled<\/p>\n<\/li>\n<\/ul>\n If the full quantity never becomes available, the trade will not go through at all.<\/p>\n Ensures your full position size is executed<\/p>\n<\/li>\n Avoids partial fills and inconsistent pricing<\/p>\n<\/li>\n Provides better control over trade execution<\/p>\n<\/li>\n<\/ul>\n May not be executed at all<\/p>\n<\/li>\n Can take longer to fill compared to standard orders<\/p>\n<\/li>\n Less suitable in fast-moving or highly liquid markets<\/p>\n<\/li>\n<\/ul>\n AON orders prioritise certainty over speed<\/strong>, which can increase the risk of missing trading opportunities.<\/p>\n Traders typically use AON orders when precision matters more than speed<\/strong>, such as:<\/p>\n Building a position with an exact size<\/p>\n<\/li>\n Trading large volumes where partial fills affect strategy<\/p>\n<\/li>\n Reducing multiple transaction costs from split trades<\/p>\n<\/li>\n Entering positions in less liquid markets<\/p>\n<\/li>\n<\/ul>\n They are commonly used by more experienced or institutional traders who rely on accurate position sizing and controlled execution<\/strong>.<\/p>\n Risk Warning:<\/strong> Trading CFDs involves significant risk and may not be suitable for all investors. Losses can exceed your initial deposit. Please ensure you fully understand the risks involved before trading.<\/p>\n","protected":false},"excerpt":{"rendered":" What is all or none (AON) order? An all or none (AON) order is a trading order that must be executed in full at a specified price, or not executed at all. If the full quantity cannot be filled, the order will remain unfilled or be cancelled. In simple terms, it tells your broker: \u201cfill Continue Reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[125],"class_list":["post-61391","post","type-post","status-publish","format-standard","hentry","category-trading-glossary","tag-trading-basics"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\n\t\tHow an all or none order works<\/h2>\n
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Example of an AON order<\/h2>\n
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Advantages and disadvantages<\/h2>\n
Pros<\/strong><\/h3>\n
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Cons<\/strong><\/h3>\n
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When do traders use AON orders?<\/h2>\n
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