Types of Order on Futures Trading

Currently, Futures on the Platform’s supports 5 types of order:

Limit Order

A Limit Order allows you to place an order at a specific price or at a better price. If you place a buy Limit Order, it will be filled if the price matches or is lower than your limit price. On the other hand, if you place a sell Limit Order, it will be filled at or higher than your limit price. However, it is important to note that a Limit Order is not guaranteed to execute.

Market Order

A market order is an instruction to buy or sell an asset at the best available price in the market. It is executed immediately, and the price at which the trade is executed may be different from the current displayed price. Market orders are often used when the speed of execution is more important than the price of the asset.

Trigger Order

The trigger mode means that we need to set the trigger point. When the price reaches the trigger point, the system will delegate the order according to the set price limit and the entrusted quantity. Note that complex conditions do not guarantee that the order will be closed.

Stop Limit Order

A Stop Limit order is a conditional order over a set timeframe, executed at a specified price after a given stop price has been reached. Once the stop price is reached, it will buy or sell at the limit price or at a better price than the limit price you set (Not yet open, subject to the actual page).

Stop Market Order

Similar to a Stop Limit Order, a Stop Market Order uses a stop price to trigger the trade. However, when the stop price is reached, it triggers a market order instead (Not yet open, subject to the actual page).

Please note:

Position mode: Support and default is [Hedge Mode]: This refers to a trading feature on your crypto website that offers two modes: "Support" and "Hedge." "Support" mode means that users are looking to support the asset, while "Hedge" mode means that they want to hedge against price movements. The default mode is "Hedge."

The floating range of the set limit price is 1% of the market price: This means that when users set a limit price for buying or selling a cryptocurrency, the price can fluctuate within a floating range of 1% of the market price. For instance, if the market price of Bitcoin is $50,000, the floating range for a set limit price will be between $49,500 to $50,500.

Frequent fluctuation of market price will lead to price slippage, and it cannot be guaranteed that the price is the same as the submitted price: This refers to the possibility of price slippage in volatile market conditions. Price slippage occurs when the market price moves rapidly, making it difficult for a user's order to be filled at the desired price. In such cases, the executed price may be different from the submitted price. The website cannot guarantee that the executed price will be the same as the submitted price in such cases.

If you need any further assistance or have any questions, please contact our support team by [e-mail] at any time.