<p>Market-On-Close (MOC) orders are a type of instruction given to a broker to execute a trade at the closing price of a particular financial instrument on a specific exchange. They are particularly useful for traders who want to ensure they buy or sell an asset at the end-of-day price, regardless of market fluctuations throughout the day.</p>

<h2>How It Works</h2>
<p>When a trader places a MOC order, the broker will monitor the market throughout the day. As the market closes, the broker will execute the trade at the last quoted price, which is typically the closing price. This ensures that the trader gets the price they want, even if it's not the best price of the day. MOC orders can be placed for both buying and selling.</p>
<p>On the MetaTrader 5 platform, available at STB Provider, MOC orders can be placed through the 'Orders' tab in the 'Trade' section. Simply select 'Market On Close' from the order type dropdown, and fill in the required details such as symbol, volume, and price.</p>

<h2>Why It Matters for Traders</h2>
<p><strong>Market-On-Close orders</strong> offer several advantages to traders:</p>
<ul>
  <li>They allow traders to set their desired price for the end of the trading day, providing a level of certainty that other order types cannot offer.</li>
  <li>They can help traders avoid slippage, which is the difference between the expected price and the price at which the trade is actually executed.</li>
  <li>They are particularly useful for traders who have a specific end-of-day price target, but cannot monitor the market throughout the day.</li>
</ul>

<h2>Example</h2>
<p>Let's say a trader wants to buy 100 shares of Apple Inc. at the end-of-day price. They place a MOC order on STB Provider's MetaTrader 5 platform in the morning, specifying the order type as 'Market On Close', the symbol as 'AAPL', the volume as '100', and the price as 'Market'. As the market closes, the broker will execute the trade at the last quoted price, ensuring the trader gets the closing price they wanted.</p>

<h2>Key Takeaways</h2>
<ul>
  <li>Market-On-Close orders are a type of instruction to execute a trade at the closing price of a financial instrument.</li>
  <li>They are useful for traders who want to ensure they buy or sell an asset at the end-of-day price, regardless of market fluctuations throughout the day.</li>
  <li>They can be placed on the MetaTrader 5 platform at STB Provider through the 'Orders' tab in the 'Trade' section.</li>
  <li>They offer advantages such as price certainty, slippage avoidance, and convenience for traders who cannot monitor the market throughout the day.</li>
</ul>