• Order Type

    At BaseFEX, we offer many different order types to help you trade cryptocurrency derivatives. You can check the order types here, and also check the Fees of your orders.

    Market Orders

    Market orders will be executed immediately with the current market price. You might use this kind of order when you want to execute it right away. You should pay close attention to your orderbook when choosing your order type, as a large market order might cause huge costs.

    User Inputs: Quantity

    Limit Orders

    Limit order is used to specify the maximum or minimum price you are willing to buy or sell at. You can use this order type to minimize your trading cost, but your order might not be able to be executed when its price is too far from the market price.

    Use Inputs: Quantity, Limit Price

    Limit Order Example

    Quantity = 10 Contracts
    Limit Price = 100
    Direction = Buy

    A bid of 10 contracts will be placed in the market with a Limit Price of 100.

    Trigger Orders

    Trigger orders are executed with pre-defined Trigger Condition and Trigger Price by a customer. Trigger Condition include Mark Price, Market Price, and Index Price. Once the price reaches the pre-defined Trigger Price, the system will send your order to the market, be it Market Order or Limit Order.

    User Inputs: ''Trigger Condition'', ''Trigger Price'', ''Limit vs Market Order''

    Trigger Order Example

    Trigger Condition = Index Price
    Trigger Price = 10,000
    Limit vs Market Order = Market
    Quantity = 10
    Direction = Buy

    A market order of 10 contracts will be bought when Index Price reaches 10,000.

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