A Stop-Market order is a conditional order that combines a stop order with a market order. When the specified stop price is reached, it triggers a market order to buy or sell at the best available current price.
How Stop-Market orders work
Stop price
- This is the price that triggers the execution of your Stop-Market order.
- When the market price reaches this level, it triggers a Market order.
Market Order
- Once triggered, the order executes immediately at the best available price.
Important Considerations
Due to extreme market movements, the executed price of market order may be lower/higher than the last traded price that the user may have seen, the user needs to pay attention to the market depth and price fluctuations.
How to place a Stop-Market order?
1. On the Spot Trade page, select the Stop-Limit order tab.
2. Before placing a Stop-Market order, you need to choose the stop price that triggers the market order. The stop price that triggers the market order is the "Last Price" on the market.
3. Enter Trigger Price and Total. Or, enter Trigger Price and Amount.
4. Click Buy or Sell to place your Stop-Market order.
How to view my Stop-Market order history?
- For filled orders, you can check them under the Order History tab to view the Executed Price of each trade.
- For open orders, you can view them under the Open Order tab.
- To cancel an order, click the Cancel icon directly.
Need help?
Contact us through the following channels should you need further assistance:
How many open orders can I make?
You can have a maximum of 300 open limit orders and 10 open stop orders per account. This limit applies to each sub-account as well.
To view your open orders:
- On the Website: Go to the Orders tab and click Open Orders.
- On the App: Go to the Trade tab, tap the top-right icon, and select Open Orders.
How do I cancel open orders?
To cancel open orders on the Coins app or website:
- Go to the Trade tab (app) or Spot Trade tab (website).
- Click on Order History.
- Select the order you want to cancel.
- Click the Trash can icon (app) or Cancel button (website).
To cancel all open orders, look for the Cancel All Orders option in the upper-right corner of your Order History.