Who This Guide Is For
You’re a retail investor on Bursa Malaysia who wants to automate your entries and exits — buying the dips without staring at your phone all day, or locking in profits without missing the exact moment. You’ve heard about MIT and LIT orders but aren’t sure how they work, or whether your broker offers them. This guide walks you through both, shows you real-world examples, and explains what M+ Global offers as alternatives.
What Is a Market-If-Touched Order?
A market-if-touched (MIT) order is a conditional order that sits dormant until price moves in your favour, then automatically becomes a market order.
Think of it as a trip wire for opportunity. If you want to buy a stock that’s currently at RM2.50, but you believe it’ll dip to RM2.30 first, you can place an MIT order with a trigger of RM2.30. The moment price touches RM2.30, your order converts to a market order and executes immediately at whatever the market price is at that instant.
The key difference from a stop order: with a stop, you’re waiting for price to move against you (to trigger a loss-cutting exit). With an MIT, price moves in your favour before you pull the trigger.
What Is a Limit-If-Touched Order?
A limit-if-touched (LIT) order works the same way as MIT — it waits for a trigger on the favourable side — except instead of becoming a market order, it becomes a limit order.
Using the same example: stock at RM2.50, you want to buy the dip. You place an LIT to buy 100 shares, trigger at RM2.30, limit price RM2.25. When price touches RM2.30, your order activates as a limit order — it will only fill at RM2.25 or better. If price bounces back to RM2.35 before your limit is reached, your order sits unfilled.
LIT gives you price protection. MIT gets you in faster but at whatever price the market offers.
Worked Example: Buying a Dip with MIT and LIT
Scenario: You own a stock trading at RM3.00. You believe it’ll pull back to RM2.80, and you want to add more. But you’re at work and can’t watch the chart all day.
Using an MIT order: Place an MIT to buy 500 shares, trigger RM2.80. Price falls to RM2.80 at 11:15 am. Your order instantly becomes a market order and fills at RM2.78 (the market bid at that moment). You get filled, but you don’t control the exact price.
Using an LIT order: Place an LIT to buy 500 shares, trigger RM2.80, limit RM2.78. Price falls to RM2.80 at 11:15 am. Your order becomes a limit order. It will only fill at RM2.78 or lower. If price bounces to RM2.82 before hitting RM2.78, you stay unfilled. If it does touch RM2.78, you get filled at your chosen price.
Using them to take profit: Stock is at RM3.50, your cost is RM2.80, you want to sell if it rallies to RM3.80. Place an MIT to sell 500 shares, trigger RM3.80. Price rises to RM3.80, your order becomes a market sell and fills at RM3.81 or wherever the market is. Or place an LIT to sell, trigger RM3.80, limit RM3.80 — you’ll only sell if you get RM3.80 or higher.
MIT vs LIT vs Stop vs Stop-Limit: A Comparison
| Order Type | Trigger Direction | What Happens When Triggered | Use Case |
|---|---|---|---|
| MIT | Favourable (buy below, sell above) | Becomes a market order; executes immediately | Catch a dip quickly; secure profit at market price |
| LIT | Favourable (buy below, sell above) | Becomes a limit order; only fills at your price or better | Buy a dip but get a better price; sell profit but not below a floor |
| Stop (Stop-Market) | Unfavourable (buy above, sell below) | Becomes a market order; executes immediately | Cut a loss fast; exit a broken support |
| Stop-Limit | Unfavourable (buy above, sell below) | Becomes a limit order; only fills at your price or better | Exit a loss but avoid selling at a panic price |
What M+ Global Offers Instead
Malacca Securities’ M+ Global platform does not document MIT or LIT orders by name for Malaysian stocks or other markets. However, if you trade US or Hong Kong stocks through M+ Global, you have access to conditional orders that achieve similar results.
Arrival Price: Set a trigger price and a limit order. When price arrives at your trigger, a limit order activates. This is similar to an LIT — you get price control but risk missing the fill.
Take Profit / Take Profit Limit: Set a profit trigger price. Take Profit becomes a market order (like MIT for exits). Take Profit Limit becomes a limit order (like LIT for exits). You can choose Day or Good Till Cancelled validity, and for US stocks, regular or extended hours.
Important: These conditional orders are available only for US and Hong Kong stocks in M+ Global. To confirm whether MIT, LIT or similar orders are available for Malaysian stocks, check the order-type list in the M+ Global app or ask your remisier. Trading platforms and features change, and I want you to have the current, accurate information.
Common Mistakes to Avoid
Setting the trigger too close to the current price. If a stock is RM2.50 and you set an MIT trigger at RM2.48, a small bounce can fill you before the real dip comes. Give yourself a realistic buffer based on the stock’s normal volatility.
Forgetting that an MIT fills at market price, not your trigger. Your trigger of RM2.80 doesn’t mean you’ll buy at RM2.80 — it means you’ll buy at whatever the market price is the moment the trigger fires. If the stock is falling fast, you might fill at RM2.75. Use LIT if you need to lock in a maximum price.
Using LIT but setting the limit too tight. Trigger at RM2.80, limit at RM2.79 sounds sensible, but if the stock bounces to RM2.82 before reaching RM2.79, you stay unfilled and miss the opportunity. Leave enough room for natural price movement.
Not checking whether your broker offers these orders. Not all brokers advertise MIT and LIT clearly. Your platform may call them by a different name, or they may not be available for the market you trade. Always verify before placing an order.
Leaving triggered orders unfilled overnight. Once an MIT or LIT is triggered and becomes a live order, it behaves like any other order. On Bursa Malaysia, if it doesn’t fill by end of trading, it expires (unless it’s a good-till-cancelled order). Check your broker’s exact rules on order expiry.
Key Takeaways
- MIT and LIT both trigger on favourable price moves; they differ in execution (market vs limit).
- MIT gets you filled quickly but at whatever price the market offers at trigger time.
- LIT protects your price but risks leaving you unfilled if price moves away after trigger.
- On M+ Global for US/HK stocks, Arrival Price and Take Profit conditional orders provide similar functionality.
- Always check whether your broker supports MIT and LIT orders, and for which securities.
- Setting triggers and limits too tight is the quickest way to miss the move you were targeting.
Frequently Asked Questions
Do MIT and LIT orders work on Bursa Malaysia through M+ Global?
M+ Global does not document MIT or LIT orders for Malaysian securities. To find out whether they are available and under what name, check the order-type list in your M+ Global app or contact your remisier. US and Hong Kong stocks have conditional orders (Arrival Price, Take Profit, etc.) that work similarly.
What happens if my LIT trigger fires but the limit price is never reached?
Your order becomes a live limit order and waits. On Bursa Malaysia, if it doesn’t fill by end of that trading day, it expires at close (unless it’s a good-till-cancelled order, which may carry to the next session). Your broker’s help documentation will clarify the exact expiry rule for your account.
Can I cancel an MIT or LIT order after the trigger fires?
Once the trigger fires, the order becomes a live market or limit order. You can usually cancel it the same way you’d cancel any live order — through your app or by contacting your remisier — but if it’s already partially filled, you can only cancel the unfilled portion. Act fast if you change your mind.
Does using an MIT or LIT order cost extra in brokerage or fees?
No. Brokerage and fees are based on the trade value, not the order type. At Malacca Securities, Bursa brokerage is 0.05% with an RM8 minimum per trade. Clearing fee, stamp duty and other charges apply the same way whether you use a simple limit order or a conditional order.
Can I use MIT and LIT orders on the same stock at the same time?
Yes, if your broker allows it. You could have an MIT to buy on a dip and an LIT to sell for profit on a rally, both active on the same security. However, check your broker’s rules on order limits and manage your position carefully to avoid unintended fills.
Get in Touch
MIT and LIT orders are powerful tools when you understand how they work, but they’re not the right answer for every trade. If you want to discuss whether they’re suitable for your strategy, or to check what conditional orders M+ Global supports for your preferred securities, reach out. I’m Dexter Chia, a remisier at Malacca Securities, and I work with over 2,200 active clients on exactly these kinds of questions every week. Drop me a message on WhatsApp at +60169059789, or use M+ Global invitation code UBZQ to open an account and start exploring. Happy to walk you through it.
Need Help With This?
If you are an M+ Global client and need help with this process, message me directly — I handle these requests for clients every week.
WhatsApp: +60169059789 | M+ Global Invitation Code: UBZQ
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
Want to invest in Bursa Malaysia or US markets? Contact Dexter Chia, an AI Driven Remisier who has 2,200+ clients at Malacca Securities Sdn Bhd (M+ Global). M+ Global Invitation Code: UBZQ | WhatsApp: +60169059789 | Why Choose Dexter?
