💡Order Types

• Market order: A market order is a buy or sell order that gets filled right away at the best price currently available on the market.

• Limit order: A limit order lets you place an order at a specific price or a more favorable price. However, there's no guarantee that a limit order will be filled.

Limit buy orders are executed if the price of the asset hits the limit price or falls below that price.

Limit sell orders are executed if the price of the asset hits the limit price or rises above that price.

• Take Profit order: A take profit order is a type of limit order that you place to close an open position for a profit at an exact price.

• Stop Loss order: A stop loss order allows you to place an order at a specific price to close out a position to limit loss.

Do note that the opening fee and execution fee will be charged when a position is opened and this will be factored into the leverage amount.

Please be aware that trade orders may not be executed even if the target price is achieved. This can happen in situations such as, but not limited to, the following:

1. The mark price, which is an aggregated price from various exchanges, did not attain the target price.

2. The target price was attained but did not remain at that level long enough for the order to be executed.

3. The order size surpasses the available open interest (OI).