When does the limit order I set gets executed?

A limit order is set to match and fill when market price hits the limit you have set.

Limit Order is the default option you will use on the Order Form. A limit order is used to prevent slippage that is often caused by big market orders.

Below is a screenshot of the Order Form set to Limit order on the L1CEX/USDC pair.

Funding currency in this case is USDC by default.

To place a Limit Order there are two options to consider:

Price: the price at which you're willing to trade L1CEX (limit price).

Quantity: the amount of L1CEX you want to trade.

In the below example, the trader has set L1CEX to be bought at 134 USDC and no higher.

If the market price is higher than 134 USDC, the bid will be placed in the order book.



For a Limit order to be filled, the market price must reach the order price at which you are buying or selling.

If you place a buy Limit order above or equal to the market price, or a sell Limit order below or equal to the market price, your order will be at least partially filled immediately.

What is the Market Price for Limit Orders?

The market price is shown in real-time in the Order Book panel.

Shortcuts

These shortcuts allow you to quickly choose to buy or sell 25%, 50%, 75%, or 100% of your balance.

Available indicates how much of your balance is available for trading or withdrawals.

Updated on: 31/08/2022