> For the complete documentation index, see [llms.txt](https://docs.finandy.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.finandy.com/trading/create-order-grid/order-types.md).

# Order types

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/cdbcdd36-7007-4fd6-9767-0c3b237ce09a/image.png" alt="" width="375"><figcaption></figcaption></figure>

Terminal can create both real (exchange) and virtual orders, which place a real order based on trigger conditions.

### Real order

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/801c7e48-63cb-4187-876c-7bc5a42ce05c/image.png" alt="" width="375"><figcaption></figcaption></figure>

**R** (Real) - all exchange types + Floating orders

### Virtual order

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/6aec69d6-a7db-41ff-bf5b-4b962838538f/image.png" alt="" width="375"><figcaption></figcaption></figure>

**V** (virtual) - places an exchange order (Limit, Float, Market) when the trend hits a trigger price.

## Futures fees

### Maker fee = 0.02%

When executing a Limit order from the order book at a later time, the **Maker** commission is charged.

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/a9b5b57c-7c07-4562-a730-78db806566ab/image.png" alt=""><figcaption><p>Example of using a Limit order to buy below the extreme selling price.</p></figcaption></figure>

### Taker fee = 0.05%

Taker fee is charged when orders are filled in the order book.

Examples:

1. Market order

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/61ed2969-2e4b-4842-a934-6bb3e289a08d/image.png" alt="" width="375"><figcaption></figcaption></figure>

2. In case a limit order (e.g. buy 100) is executed at market price due to the presence of an opposite direction order in the order book, the transaction will incur a **Taker** fee.

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/c859b90b-55ad-40bd-9365-6f39a59b7fb6/image.png" alt=""><figcaption></figcaption></figure>

{% content-ref url="/pages/jv75T6F5wQ90mPIstSNi" %}
[Limit order](/trading/create-order-grid/order-types/limit-order.md)
{% endcontent-ref %}

{% content-ref url="/pages/gvrTMRW95UpQQTOhTssi" %}
[Floating order](/trading/create-order-grid/order-types/floating-order.md)
{% endcontent-ref %}

{% content-ref url="/pages/v3YrIMOkz0UBXefI1gMM" %}
[Market order](/trading/create-order-grid/order-types/market-order.md)
{% endcontent-ref %}

{% content-ref url="/pages/8BYGy0IoBb2HVwaD1LIn" %}
[Stop order](/trading/create-order-grid/order-types/stop-order.md)
{% endcontent-ref %}

{% content-ref url="/pages/w6quyXZwXWPoq9791kG9" %}
[Trailing order](/trading/create-order-grid/order-types/trailing-order.md)
{% endcontent-ref %}

{% content-ref url="/pages/sBnlfIgicPT9mSAJT4kW" %}
[Virtual order](/trading/create-order-grid/order-types/virtual-order.md)
{% endcontent-ref %}


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