Supported Order Types

Foundation offers a comprehensive range of order types and options, giving traders the versatility they need for effective trade setup and management.

Market Order

A Market Order is used to immediately buy or sell an asset at the market's current price, based on what is available in the order book at the time the order is processed.

Please be aware that the actual price at which a Market Order is executed may vary from the estimated price you see on our website, due to potential changes in the order book's pricing just before your order is completed by the matching engine.

Limit Order

A Limit Order allows you to buy or sell an asset at a specific price or a better one. If you're buying, the order will execute at your set limit price or lower. For selling, it will execute at your limit price or higher.

Advanced Limit Order Options

You can also use advandced options to setup your trades:

• Reduce Only: Designed to decrease an existing position rather than opening a new position in the opposite direction.

• Good Til Cancel: Remains active on the order book until it is filled or canceled by the trader.

• Immediate or Cancel: This order type is canceled if not filled immediately upon placement.

• Fill or Kill: This order will only complete if the entire amount can be matched. Partial matches are not filled with this order type and will not execute.

• Post-Only: This order is either placed in the order book or expires if matches an existing order. The Post-Only option guarantees that you will not pay the taker fee.

Stop Market Order

A Stop Market Order activates when the index price reaches or crosses a specific Stop Price. As soon as the Index Price hits your stop price, it automatically places a market order to buy or sell the specified amount of your order. This type of order is useful for limiting potential losses on your positions. It does this by automatically closing them if the price drops below the stop price for long positions, or rises above it for short positions.

Stop Limit Order

A Stop Limit Order is set to execute when the index price crosses a specific Stop Price. Once the Index Price reaches your stop price, a limit order is automatically placed to buy or sell your specified order amount at a limit price. This type of order is often used to limit potential losses on positions by automatically closing them if the price falls below the stop price for long positions or rises above it for short positions.

When triggered, the ensuing limit order might be filled immediately or might remain on the order book at the limit price. The functioning of this limit price is the same as that of a standard limit order.

Take Profit Market Order

Take Profit Market orders are designed to help traders secure profits and set specific targets for their positions. By specifying a price at which an open position should be closed for profit, traders can effectively manage their earnings.

When using a Take Profit Market order, a market order is triggered once the specified profit price is hit. For a long position, this means setting a stop above the current market price, and for a short position, setting it below. As the Index Price reaches the take-profit level, the order status shifts from 'Untriggered' to 'Open', and then it functions like a typical market order. These orders are particularly useful for short-term traders who aim to manage risk by exiting trades once their desired profit target is achieved, thus avoiding potential downturns in the market.

Take Profit Limit Order

Take Profit Limit orders enable traders to set profit targets for their positions by specifying a price at which they wish to close an open position for a gain.

With this order type, a limit order is activated when the profit target price is reached. If a trader holds a long position, they would set the Take Profit Limit above the current market price. Conversely, for a short position, the Take Profit Limit is set below the market price. When the Index Price hits the take-profit level, the order status changes from 'Untriggered' to 'Open', and it then operates as a standard limit order. These orders are particularly suitable for short-term traders focused on risk management, allowing them to exit a trade at their predetermined profit target, thereby avoiding potential declines in the market later on.