The Coinmetro Exchange and Margin platforms give you flexibility in trading by offering multiple order types. Depending on your trading strategy, you can choose between Market Orders, Limit Orders, or Stop Loss Orders. Each type is designed to give you a different level of control over your trades.
⚡ Market Orders
Market orders are the fastest way to buy or sell an asset. When you place a market order, your trade is executed immediately at the best available price in the order book. For example, a market sell order will sell your asset at the highest bid currently available. Be aware that the price displayed before executing the order may differ from the final execution price due to market fluctuations.
Price Protection:
Coinmetro allows you to apply price protection using the Max/Min Price toggle. This ensures that your market order is not filled above or below the specified price. This feature provides more control but depends on liquidity.
Price Warnings:
Our Slippage Warning Dialog alerts you if your order could lose more than 3% due to slippage:
🟢 3.00% – 4.99%
🟠 5.00% – 9.99%
🔴 10.00%+
⚠️ Note: Price warnings do not account for spread and will not appear when closing or doubling a % of active positions on Margin. Coinmetro is not responsible for any slippage when a market order executes.
💰 Limit Orders
Limit orders give you full control over the exact price at which you want to buy or sell an asset.
Buy Limit Order: Your order will only execute at the specified price or lower.
Sell Limit Order: Your order will only execute at the specified price or higher.
Limit orders are two-sided. This means another trader must match your order at your chosen price for it to fill.
Tip: Use limit orders if you want to avoid slippage and have precise control over trade execution.
🛑 Stop Orders
Stop orders, also called stop-loss orders, are triggered once an asset reaches a specific price — the stop price. Once triggered, the stop order becomes a market order.
Buy Stop Order: Triggered above the current market price.
Sell Stop Order: Triggered below the current market price.
Stop orders are useful to manage losses or automate trades when the market moves against you.
Combining Stop + Limit Orders
You can combine stop and limit orders to automatically place a limit order once the stop price is reached. On Coinmetro’s Margin Platform, you can also set a stop price for your positions to automatically close them at market price if the stop is triggered.
⚙️ Fill Options Explained
When placing an order, you’ll see different fill options depending on the order type you choose. These allow you to control how your order is executed in the market.
🟢 Market Orders – Partial Fill Option
When placing a Market Order, you can enable the Partial Fill option. This means your order can be partially filled if there isn’t enough liquidity to fill the full amount at once. The remaining portion of your order will stay open until it’s filled at the next available prices.
If Partial Fill is not enabled, your market order will only execute if it can be fully filled immediately.
🔵 Limit Orders – Immediate or Partial Fill Options
With Limit Orders, you can choose between Immediate and Partial Fill options:
Immediate Fill: Your order will only execute if it can be filled instantly at your chosen price or better. If it can’t, the order will be canceled automatically.
Partial Fill: Your order can be partially executed at your chosen price or better. Any unfilled portion will remain open until it’s matched with another trader.
🔴 Stop Orders – Immediate or Partial Fill Options
For Stop Orders, both Immediate and Partial Fill options work the same way as for limit orders. Once your stop price is reached and the order is triggered, you can choose whether it must fill immediately in full or allow partial execution until the full amount is traded.
✅ Key Takeaways
Market Orders: Fast execution, subject to price changes. Use Max/Min sliders for price protection.
Limit Orders: Full price control, requires a matching order. Ideal to avoid slippage.
Stop Orders: Automatically trigger trades to protect against losses. Can be combined with limit orders for precision.
Coinmetro’s Demo Platform is available to practice without risk. This guide is for educational purposes only and is not financial advice.
FAQs
💡 What is the difference between market and limit orders?
Market orders execute immediately at the best available price, while limit orders only execute at your chosen price or better.
📉 What is a stop order and why would I use it?
A stop order triggers a market order once the asset hits a specific price, helping you limit losses or automate trades.
🟢 Can I combine stop and limit orders?
Yes! Combining stop and limit orders allows you to trigger a limit order when the stop price is reached, giving you more control.
⚠️ What is slippage and how can I prevent it?
Slippage is the difference between the expected price of a trade and the executed price. Using limit orders or the Max/Min slider on market orders can help minimize slippage.
💻📱 Where can I place these orders?
All three order types are available on both the Exchange and Margin platforms, accessible via desktop and the mobile app.