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What are Take Profit and Stop Loss orders?

Take Profit allows you to automatically close a trade when your asset's price reaches your target, helping you lock in profits. Stop Loss does the opposite: it automatically closes a trade when the price drops to your set level, helping to limit your losses. The system tracks the current market rates and triggers the order when your chosen price is reached. 

However, due to market volatility and potential system delays, the price can change quickly during the execution window (the time between the trigger and the execution of your order). This means the order may be filled at a different price or, in some cases, not executed at all.

Can I modify or cancel my Take Profit or Stop Loss order after setting it?

You cannot modify an existing order. However, you can cancel the current order and set up a new one if needed, as long as the original order hasn't been triggered yet. Once the order is triggered, it cannot be changed or cancelled.

Are there any fees for using Take Profit or Stop Loss orders?

There are no extra fees for setting Take Profit or Stop Loss orders, but standard trading fees apply when the order is executed. Make sure to review the platform's fee structure for details.

For more details, refer to our Crypto T&Cs.