Order Types

In 1001x, the following order types are available:

Market Order

A market order is a buy or sell order that is executed immediately at the best available price in the market.

Limit Order

A limit order allows you to set a specific price at which you want to buy or sell. The order will only be executed if the market price reaches your specified limit price.

Limit buy order: Executed when the market price reaches or falls below your specified price.

Limit sell order: Executed when the market price reaches or rises above your specified price.

Note: There is no guarantee that a limit order will be filled.

Take Profit Order

A take profit order is a type of limit order that closes an open position at a specified price to secure profits.

Stop Loss Order

A stop loss order is designed to limit potential losses by closing an open position at a specified price.

Important Considerations

Fees: Both an opening fee and an execution fee are charged when a position is opened. These fees are factored into the leverage amount.

Order execution: Trade orders may not be executed even if the target price is reached due to the following reasons:

• Mark price discrepancy: The mark price, which is an aggregated price from various exchanges, did not reach the target price.

• Insufficient time at target price: The target price was reached but did not remain at that level long enough for the order to be executed.

Order size exceeds available open interest: The total size of all open positions in that direction. Your order may not be filled if it's larger than what the market can support.