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Limit Orders

Last updated: Aug 7, 2026

Limit Orders allow you to specify the price at which you want to buy or sell. They are designed for traders who want greater control over their execution price rather than immediate execution.

A Limit Order is only executed if the market reaches your specified price or a better price. If this does not occur, the order remains open until it is executed, cancelled or expires according to its selected Time in Force setting.

Common Trading Scenarios

Limit Orders are commonly used when controlling the execution price is more important than immediate execution.

Examples include:

  • Entering a position at a preferred price.
  • Buying during a market pullback without continuously monitoring the market.
  • Selling at a predefined target price.
  • Placing orders away from the current market price and waiting for the market to reach them.

Whether a Limit Order is appropriate depends on your trading objectives and current market conditions.

How Limit Orders Work

When you submit a Limit Order, your order is placed on the order book at your specified price.

The order is only executed if the market reaches your specified price or a better price. If the market does not reach your price, the order remains open until it is executed, cancelled or expires according to its selected Time in Force setting.

Depending on available liquidity, a Limit Order may be partially filled before the remaining quantity continues to wait on the order book.

How to Place a Limit Order

  1. Open the Market Selector near the top-left corner.
  2. Select the market you want to trade, for example BTC-USDT.
  3. In the Order Entry panel, ensure Limit is selected as the order type.
Open the Market Selector to choose your market, then ensure Limit is selected as the order type in the Order Entry panel.
  1. Adjust your leverage, if required.
  2. Select Buy / Long or Sell / Short.
  3. Enter your Limit Price.
  4. Enter the position size.
Select Buy / Long or Sell / Short, enter your Limit Price, then enter your position size in the Value field.
  1. Select a Time in Force option.
  2. (Optional) Configure Reduce Only.
  3. (Optional) Configure Take Profit and Stop Loss.
  4. Select Buy or Sell.
Select a Time in Force option, optionally enable Reduce Only and configure Take Profit and Stop Loss, then select Buy or Sell to open the Confirm Order window.
  1. Review your order details in the Confirm Order window.
  2. Select Submit to place your order.
  3. (Optional) Edit your open Limit Order after it has been placed.
  4. (Optional) Chase your open Limit Order after it has been placed.
From the Open Orders tab, use the Edit button to modify your limit order or the Chase button to adjust its price toward the current market.

After a Limit Order has been submitted, you can edit, chase or cancel it from the Open Orders tab. For step-by-step instructions, see Managing Open Orders.

Time in Force

Time in Force determines how long your Limit Order remains active and how it behaves when submitted.

Select a Time in Force option from the TIF dropdown when placing a Limit Order. GTC keeps the order open until filled or cancelled, IOC cancels any unfilled portion immediately, and ALO only adds liquidity to the order book.

Good 'Til Cancelled (GTC)

Good 'Til Cancelled (GTC) keeps your Limit Order active until one of the following occurs:

  • The order is fully executed.
  • You manually cancel the order.
  • The order is otherwise removed by the platform.

This option is useful if you want your order to remain active until it is filled or you decide to cancel it.

Immediate or Cancel (IOC)

Immediate or Cancel (IOC) attempts to execute your order immediately.

Any portion of the order that cannot be filled immediately is automatically cancelled.

This option is useful if you want any unfilled portion of your order to be cancelled immediately rather than remain on the order book.

Add Liquidity Only (ALO)

Add Liquidity Only (ALO) ensures that your order only adds liquidity to the order book.

If the order would immediately execute against an existing order, it is automatically cancelled.

This option is useful if you want your order to provide liquidity rather than execute immediately against existing orders.

Reduce Only

Reduce Only ensures that your Limit Order can only reduce or close an existing position. It is only available when you have an open position in the selected market.

When enabled, the order:

  • Cannot increase your existing position.
  • Cannot open a new position.
  • Cannot reverse your position.
  • Cannot exceed the size of your current position.

Reduce Only is useful when partially or fully closing an existing position without unintentionally increasing your market exposure.

Take Profit and Stop Loss

You can optionally configure Take Profit and Stop Loss when placing a Limit Order.

If configured when placing a Limit Order, Take Profit and Stop Loss become active only after the Limit Order has been executed.

Take Profit

A Take Profit order automatically closes your position when your chosen target price is reached.

Stop Loss

A Stop Loss order automatically closes your position if the market moves against you and reaches your chosen stop price.

Both options can also be added or managed later from an existing position.

When configuring Take Profit and Stop Loss for a Limit Order, the platform validates that the prices are on the correct side of the Limit Price.

For a Long Limit Order:

  • Take Profit must be above the Limit Price.
  • Stop Loss must be below the Limit Price.

For a Short Limit Order:

  • Take Profit must be below the Limit Price.
  • Stop Loss must be above the Limit Price.

If an invalid price is entered, the platform displays a validation message and prevents the order from being submitted until the values are corrected.

Important Considerations

  • Limit Orders are only executed if the market reaches your specified price or a better price.
  • Limit Orders may remain open until they are executed, cancelled or expire according to their selected Time in Force setting.
  • Limit Orders may be partially filled depending on available liquidity.
  • If immediate execution is more important than controlling your execution price, consider using a Market Order instead. See Market Orders to learn more.