🏷️ Order type
All order types
You can select any of the following order types when you are placing order:
Limit Order 🎯: A limit order allows you to buy or sell at a specific price or better. It ensures that you do not pay more or receive less than the price you set.
Market Order 🏷️: This order type is executed immediately at the current market price, offering the quickest way to enter or exit a position.
Stop Limit Order 🛑🎯: Triggered once the market hits your specified stop price, it then becomes a limit order. It combines the certainty of price with the trigger of a stop.
Stop Market Order 🛑: Similar to a stop limit order but converts into a market order when triggered. It’s ideal for exiting a position at market price once a certain price level is reached.
Reduce Only 📉 (Coming Soon): A safeguard to ensure an order only reduces your position, not increases it. It's especially useful for position management and limiting risk.
Post Only ✉️: This order ensures you pay the maker fee and not the taker fee. If your order would match immediately, it gets canceled instead.
Good 'Til Canceled (GTC) ⏳: Your order will stay active until it’s filled or you choose to cancel it. It's useful for traders who do not wish to monitor the market constantly.
Immediate or Cancel (IOC) ⚡: Any part of this order that can't be filled immediately will be canceled, reducing the chance of partial fills.
Fill or Kill (FOK) 💥: This order type requires the entire order to be executed immediately in full or not at all, avoiding partial fills.
Time-Weighted Average Price (TWAP) 🕒 (Coming Soon): A strategy to execute orders evenly distributed over time, minimising market impact.
Scaled Order 📊 (Coming Soon): Divides a large order into smaller tranches, executed at various prices, potentially providing a better average entry or exit price.
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