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On this page
  • Real order
  • Virtual order
  • Futures fees
  • Maker fee = 0.02%
  • Taker fee = 0.05%
  1. Manual trading
  2. Create order/grid

Order types

✔ Description of different types of orders in Finandy terminal, including real and virtual orders, their features and commissions on Spot and Futures.

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Last updated 1 year ago

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

Real order

R (Real) - all exchange types + Floating orders

Virtual order

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.

Taker fee = 0.05%

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

Examples:

  1. Market order

  1. 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.

Example of using a Limit order to buy below the extreme selling price.
📈
Limit order
Floating order
Market order
Stop order
Trailing order
Virtual order