Order Types
When placing a trade on Synthetix, you’ll choose an order type. Each order type determines how and when your trade is executed.
Market Orders
Market orders execute immediately at the best available price in the order book.
Useful when you want to enter or exit a position quickly.
May incur slippage if liquidity is thin or the market is volatile.
Limit Orders
Limit orders execute only at the price you set, or better.
Useful if you want to control the price of your entry or exit.
Orders remain open until they are filled or canceled.
Can result in partial fills if only part of your size is matched.
Stop Orders
Stop orders trigger once the market hits the price you set.
Commonly used for stop-loss or take-profit strategies.
Two types are supported:
Stop Market – converts to a Market order once triggered.
Stop Limit – converts to a Limit order once triggered, allowing a trader to buy or sell in a range.
Advanced Options
Several options can be applied when placing an order. These appear directly in the order entry panel.
Reduce-Only Ensures the order can only reduce or close an existing position. Useful for safely exiting without flipping direction. Take
Post-Only Ensures the order adds liquidity to the order book. If it would immediately execute, it is canceled.
Take-Profit / Stop-Loss (TP/SL) A toggle that allows you to attach exit levels to your trade when placing the order. Enter a target price to automatically close for profit, or a stop price to cap losses.