Main HelpFAQ Limit Order

What is a Limit Order?
A limit order lets you enter or exit trades with precision by placing the order at a specific price level of your choosing.

When you execute a ‘Buy’ limit order, you place the order at the price you want to buy the asset. 

When you execute a ‘Sell’ limit order, you place the order where you want to sell the asset.

Unlike the market order, there is no guarantee that your limit order will be filled, as the price of the asset has to move to the exact point where you placed it. 

When is a Limit Order typically used?
Limit orders are generally used when you want to specify what you want to pay for the asset. The advantage of this, is favorable pricing, however the disadvantage is the possibility of your order going unfulfilled if the price is not met.

Furthermore, if there is insufficient liquidity in the order book at the specified price, even when met, it may result in only a partial fill of your order.

As there is no guarantee that your limit order will be filled, there could be missed trading opportunities. Make sure to consider all the pros and cons of this order type before placing it.