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Binance offers different order types for you to use in Margin Trading. You can use them to set your trading strategies and trade efficiently. Let’s look at the common order types in Binance Margin Trading.
A limit order is an order that you place on the order book with a specific limit price. It will not be executed immediately like a market order. Instead, the limit order will only be executed if the market price reaches your limit price (or better). Therefore, you may use limit orders to buy at a lower price or sell at a higher price than the current market price.
For example, you place a buy limit order for 1 BNB at $600, and the current BNB price is $500. Your limit order will be filled immediately at $500, as it is a better price than the one you set ($600).
Similarly, if you place a sell limit order for 1 BNB at $400 and the current BNB price is $500. The order will be filled immediately at $500 because it is a better price than $400.
If you enable Auto-Transfer, your available balance will be from both spot account and margin account, which is shown on “Avbl”.
In Margin Trading, you can place limit orders with “Normal”, “Auto-Borrow” and “Auto-Repay” mode to complete trade and borrow/repay at the same time.
| Trade Mode | Trade Logic |
| Limit Order under Normal Mode | Same as spot trading |
| Limit Order under Auto Borrow Mode | After a limit order is placed, the system will automatically borrow on your behalf to execute the order and accrue interest to you. |
| Limit Order under Auto Repay Mode | After the limit order is filled, the received assets will automatically be used to repay the borrowed assets of the same denomination in your margin account. |
To learn more about limit orders, please refer to What Is a Limit Order?.
A market order is executed at the current market price as quickly as possible when a user places the order.
You can select a base token or quote token to input the 'Total' amount to place a buy or sell market order. For example, you can enter the total amount directly if you want to buy a certain quantity of BNB. But if you want to buy BNB with a certain amount of funds, such as 1,000 USDC, you can use quote tokens to place the buy order.
If you enable Auto-Transfer, your available balance will be from both spot account and margin account, which is shown on “Avbl”.
In Margin Trading, you can place market orders with “Normal”, “Auto-Borrow” and “Auto-Repay” mode to complete trade and borrow/repay at the same time.
| Trade Mode | Trade Logic |
| Market Order under Normal Mode | Same as spot trading |
| Market Order under Auto Borrow Mode | After the market order is placed, the system will automatically borrow on your behalf to execute the order and accrue interest to you. |
| Market Order under Auto Repay Mode | After the market order is filled, the received assets will automatically be used to repay the borrowed assets of the same denomination in your margin account. |
For more information on how to place a market order, please refer to What is Market Order and How to Place It?.
A stop-limit order is a limit order with a limit price and a stop price. A limit order will be placed automatically when the trigger price is reached.
You can set the minimum amount of profit you’re willing to take or the maximum you’re willing to spend or lose on a trade. Stop-limit orders are useful tools for limiting the losses that may incur in a trade.
For example, BNB is trading at $400, and you set up a stop-limit order at a stop price of $395 and a limit price of $390. A limit order of $390 will be placed when the price drops from $400 to $395.
If you enable Auto-Transfer, your available balance will be from both spot account and margin account, which is shown on “Avbl”.
In Margin Trading, you can place Stop Limit orders with “Normal”, “Auto-Borrow” and “Auto-Repay” mode to complete trade and borrow/repay at the same time.
For example, you can set a stop-loss order under Auto-Repay mode, the borrowed assets and any accrued interest will be automatically repaid after the order is filled to avoid ongoing interest accumulation.
| Trade Mode | Trade Logic |
| Stop Limit Order under Normal Mode | Same as spot trading |
| Stop Limit Order under Auto Borrow Mode | Once the Stop limit order is placed, the system will automatically borrow on your behalf and accrue interest to you, regardless of the stop price reach or not.
After the triggered price is reached, the system will automatically place the limit order. |
| Stop Limit Order under Auto Repay Mode | After the triggered price is reached, the system will automatically place the limit order.
After the limit order is filled, the received assets will automatically be used to repay the borrowed assets of the same denomination in your margin account. |
To learn more about stop limit orders, please refer to What Is a Stop-Limit Order?.
Similar to a stop limit order, a stop market order uses a stop price to trigger the market order.
Note: Due to extreme market movements, slippage may occur and the executed price of market order may be lower/higher than the last traded price, please pay attention to the market depth and price fluctuations.
If you enable Auto-Transfer, your available balance will be from both spot account and margin account, which is shown on “Avbl”.
In Margin Trading, you can place Stop Market orders with “Normal”, “Auto-Borrow” and “Auto-Repay” mode to complete trade and borrow/repay at the same time.
| Trade Mode | Trade Logic |
| Market Order under Normal Mode | Same as spot trading |
| Stop Market Order under Auto Borrow Mode | Once the Stop Market order is placed, the system will automatically borrow on your behalf and accrue interest to you, regardless of whether the stop price is reached.
After the triggered price is reached, the system will automatically place the market order. |
| Stop Market Order under Auto Repay Mode | After the triggered price is reached, the system will automatically place the market order.
After the market order is filled, assets received will automatically be used to repay the debt of the same coin in your margin account. |
To learn more about stop market orders, please refer to What is a Stop-Market Order?
A trailing stop order lets you place a pre-set order at a specific percentage away from the market price. A trailing stop order activates during market swings and can potentially limit losses and preserve gains when the market moves in unfavorable directions.
Please note that the trailing stop order does not move back in the other direction. When the price moves in the opposite direction by a specified percentage, the trailing stop order will be executed as a limit order.
For example, for a BNB/USDC long trade, you set the trailing delta at 1%, limit buy price at $520 and activate with the last price immediately. This means that if the price increases by 1.0% from the lowest price, a limit order buying 0.1BNB at 520USDC will be submitted to the order book - the executed price may not be equal to 520USDC.
If you enable Auto-Transfer, your available balance will be from both spot account and margin account, which is shown on “Avbl”.
In Margin Trading, you can place a Trailing Stop order with “Normal”, “Auto-Borrow” and “Auto-Repay” mode to complete trade and borrow/repay at the same time.
| Trade Mode | Trade Logic |
| Trailing Stop Order under Normal Mode | Same as spot trading |
| Trailing Stop Order under Auto Borrow Mode | Once the trailing stop order is placed, the system will automatically borrow on your behalf and accrue interest to you, regardless of the trailing delta reach or not.
After the trailing price is reached, the system will automatically place the limit order. |
| Trailing Stop Order under Auto Repay Mode | After the trailing delta is reached, the system will automatically place the limit order.
After the limit order is filled, the received assets will automatically be used to repay the borrowed assets of the same denomination in your margin account. |
For more information on how to place a trailing stop order, please refer to How to Use Spot Trailing Stop Order.
A One Cancels the Other (OCO) order combines a limit and stop-limit order. You place two orders simultaneously, but as soon as one is triggered, the other order is canceled. Therefore, only one of the orders can be executed.
For example, BNB is at $400. You place an OCO order to buy 1 BNB when the price reaches $390 or sell it when the price rises to $410. When either one of the orders is executed, the other order is automatically canceled.
If you enable Auto-Transfer, your available balance will be from both spot account and margin account, which is shown on “Avbl”.
In Margin Trading, you can place OCO order with “Normal”, “Auto-Borrow” and “Auto-Repay” mode to complete trade and borrow/repay at the same time.
| Trade Mode | Trade Logic |
| OCO Order under Normal Mode | Same as spot trading |
| OCO Order under Auto Borrow Mode | Once the OCO order is placed, the system will automatically borrow on your behalf and accrue interest to you, regardless of the order filled or not. |
| OCO Order under Auto Repay Mode | After limit order or market order is filled, the received assets will automatically be used to repay the borrowed assets of the same denomination in your margin account. |
To learn more about OCO orders, please refer to What Is an OCO Order?
A 'One Triggers the Other' (OTO) or 'One-Triggers-a-One-Cancels-the-Other' (OTOCO) order is a type of trade execution strategy where the placement of one order automatically triggers another. Using this strategy, a trader can effectively place primary and secondary orders. When the conditions for the primary order are met, the secondary order is initiated, allowing for more seamless, automated trading. This can be used for a more sophisticated strategy to manage trading risk and save time.
The OTO&OTOCO can be found on the trading page, shown as “TP/SL”.
For more information on how to place an OTO or OTOCO order, please refer to Binance OTO (One-Triggers-the-Other) & OTOCO (One-Triggers-a-One-Cancels-the-Other) Order.
| Order Type | Cross Margin Classic | Cross Margin Pro | Isolated Margin | Portfolio Margin(Margin) |
| Limit Order | ✓ | ✓ | ✓ | ✓ |
| Market Order | ✓ | ✓ | ✓ | ✓ |
| Stop Limit Order | ✓ | ✓ | ✓ | ✓ |
| Stop Market Order | ✓ | ✓ | ✓ | ✓ |
| Trailing Stop Order | ✓ | ✓ | ✓ | ✓ |
| OCO | ✓ | ✓ | ✓ | ✓ |
| OTO/OTOCO | ✓ | x | ✓ | x |
Disclaimer and Risk Warning: Digital token prices are subject to high market risk and price volatility. The information provided does not constitute, in any way, a solicitation or recommendation or inducement to buy or sell the products. The value of your investment may go down or up, and you may not get back the amount invested. Cross-margining contributes to providing greater leverage than a regular margin account, and greater leverage creates greater losses in the event of adverse market conditions. There is increased risk that a user's cross-margin positions will be liquidated involuntarily, causing possible loss. Comments and analysis do not constitute a commitment or guarantee on the part of Binance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. This product may not be available in certain countries and to certain users. This content is not intended for users/countries to which prohibitions/restrictions apply. For more information, see our Terms of Use and Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
