# FAQs ### **Does placing a Scaled Order count as a market order or a limit order?** A Scaled Order is made up of multiple **limit orders** distributed across a selected price range. It is not a market order. *** ### Scaled Order vs. TWAP


Feature	Scaled Order	TWAP (Time-Weighted Average Price)
Execution Logic	Places multiple limit orders at predefined price intervals within a chosen price range.	Splits a large order into smaller market orders when executed evenly over a fixed time period.
Control Factor	Controlled by price levels.	Controlled by time.
Execution Guarantee	Execution not guaranteed – only orders at reached price levels will fill.	Full order is typically executed as long as liquidity exists.
Primary Objective	Cost averaging and laddered entry/exit across multiple price levels.	Minimize market impact and achieve an average price over time.
Market Dependency	Highly dependent on price movement; orders fill only if the market hits your levels.	Less dependent on price movement; trades are executed over time regardless of volatility.

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