Notice: Undefined index: Features in /data/phemex/wp/wp-content/themes/knowall/header.php on line 1412
combobox arrow
Phemex Blog
Phemex Crypto Blog: Learn the latest news, updates, and industry insights on bitcoin futures, bitcoin trading, crypto derivatives exchange, and related blockchain technology.

What are Conditional Orders?

Conditional orders are one of the three types of orders that you can place on

Conditional orders are automatically submitted once a specified criterion is met. To activate these orders, you must specify a trigger price (TP) based on either the Last Traded Price or the Mark Price.

You can further specify whether you want your order to execute with a specific Limit Price or at the Market Price at the moment your trigger price is reached.

This type of order is generally used with advanced strategies by experienced traders.

For any inquiries contact us at .
Follow our official Twitter account to stay updated on the latest news.
Join our community on Telegram to interact with us and other Phemex traders.
Phemex | Break Through, Break Free

Was this article helpful?

Related Articles