To buy or sell Perpetual or Futures contracts, follow these steps:
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Navigate to the Trade Page: Go to the trading page for Derivatives
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Choose a Contract: Select the contract you want to trade (e.g., XBTUSD) from the contract selection menu, located at the top left
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Choose Margin Type & Leverage: Select your margin type (Single Asset or Multi-Asset) and adjust leverage (up to 250x, depending on the contract)
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Select Order Type: Choose the type of order you want to place (e.g., Market, Limit, Stop)
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Enter Order Details:
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Size: Specify the number of contracts you want to buy or sell
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Limit Price: If using a Limit Order, enter the price at which you want the order to be executed
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Execution Instructions: Choose how the order should be executed. Options include:
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For Market/Limit Orders:
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TP/SL: Select to add a Take Profit or Stop Loss to your order
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Reduce-Only: Select to ensure the order only reduces the size of your existing position
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For Limit Orders:
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Chaser: Automatically adjust the order price to follow the market price
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Post-Only: Ensures your order is added to the orderbook and not immediately executed
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Hidden: Hides your order from the orderbook
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Time In Force: Specify how long the order remains active before it is cancelled:
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GoodTillCancel (GTC): The order remains active until it is filled or you cancel it
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ImmediateOrCancel (IOC): The order executes immediately, and any unfilled portion is cancelled
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FillOrKill (FOK): The entire order must be filled immediately, or it is cancelled
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Choose Order Side: Select whether you want to:
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Buy (Long): Open a position with the expectation that the price will increase
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Sell (Short): Open a position with the expectation that the price will decrease
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Confirm Your Order: Double-check all the order details to ensure they are correct
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Place Order: Submit the order by clicking the Buy or Sell button
Important Considerations
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Margin: Ensure you have sufficient margin in your account to open and maintain the position. The required margin depends on the contract, leverage, and order value
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Order Type: The order type you choose will affect how your order is executed. Market orders execute immediately at the current market price, while limit orders execute only at your specified price or better. Refer to Order Types and Execution Instructions for details on this
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Risk: Trading leveraged derivatives involves significant risk. Be sure to understand the risks involved before placing a trade