Order Types

1) Limit Order

A limit order allows users to set the order quantity and the maximum buy price or minimum sell price they are willing to accept. When the market price meets the user's expectations, the system will execute the order at the best available price within the limit range.

2) Market Order

A market order allows users to immediately execute a buy or sell at the current best market price, achieving fast execution. Note: The total value of a single market order cannot exceed 100,000 USDT. If the total value of a single market order exceeds 100,000 USDT, the order will fail.

3) Conditional Order

"Conditional Order" refers to a trading strategy where users set the order price and quantity as well as a trigger price. When the latest market price reaches the trigger price, the system automatically places the order according to the pre-set order price and quantity. "Conditional Orders" do not freeze account assets. When a "Conditional Order" is triggered, if the quantity available from the user's current available asset balance is less than the order quantity, the order will be based on the available balance; if the quantity available from the user's current available balance is less than the minimum trading quantity, the order will fail.

4) Advanced Limit Order

Advanced limit orders offer three selectable execution mechanisms compared to regular limit orders: "Post Only", "Fill Or Kill", and "Immediate Or Cancel", while regular limit orders default to "Good-Til-Canceled" execution mechanism.

5) Take Profit/Stop Loss

Take Profit/Stop Loss allows users to pre-set a trigger price and order price. When the market price reaches the trigger price, the system automatically places an order according to the user-set order price and quantity. One-way take profit/stop loss can set take profit or stop loss on one side; two-way take profit/stop loss can set both sides, and when one side is triggered, the other side becomes invalid. This order will pre-freeze account assets.

6) Trailing Order

"Trailing Order" refers to a strategy that submits a user's pre-set order to the market when there is a significant market pullback. When the latest market price reaches (1 ± user-set pullback percentage) of the highest (lowest) market price since the user set the strategy, the user-set strategy is triggered and the user's pre-set order is submitted to the market at market price. The pullback percentage cannot be greater than 5% or less than 0.1%.

7) Iceberg Order

"Iceberg Order" refers to a strategy where, when users conduct large-scale trading, to avoid excessive impact on the market, large orders are automatically split into multiple orders. Small orders are automatically placed based on the current best bid/ask price and the user-set price strategy. When the previous order is fully executed or the latest price significantly deviates from the current order price, orders are automatically re-placed.

Disclaimer

This article may contain product-related content not applicable to your region. This article is intended to provide general information only and does not accept responsibility for any factual errors or omissions contained herein. This article represents the author's personal views only and does not represent the views of OKX. This article is not intended to provide any recommendations, including but not limited to: (i) investment advice or investment recommendations; (ii) offers or solicitations to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Holding digital assets (including stablecoins) involves high risk, may fluctuate significantly, and may even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. For questions about your specific situation, please consult your legal/tax/investment professional. The information appearing in this article (including market data and statistics, if any) is for general reference only. Although we have taken all reasonable precautions in preparing these data and charts, we accept no responsibility for any factual errors or omissions expressed herein. © 2025 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less from this article may be used, provided that such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: "© 2025 OKX, used with permission." Permitted excerpts must cite the article name and include attribution, for example "Article Name, [Author Name (if applicable)], © 2025 OKX". Some content may be generated or assisted by artificial intelligence (AI) tools. Derivative works or other uses of this article are not permitted.

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