Limit orders allow you to buy or sell contracts at a specified price (i.e., the limit price). Unlike Market orders, which execute at the best current price, Limit orders fill only when the market price reaches or surpasses your limit price.

The advantage of Limit orders is that they give you greater control in volatile markets and let you trade at your desired price without constantly monitoring the charts.

Follow these steps to place a Limit order for a Sports or Prediction contract:

You’ll receive a notification when your order is partially or fully filled, or if it’s rejected.

After you place a Limit order, the funds required to execute it are set aside from your USD Cash Account — this is your reserved balance. If you have no other positions or open orders, the reserved amount is calculated as:

Reserved balance = (Quantity × Limit price) + Total trading fees

If you have existing positions or open orders, the reserved amount is based on the maximum exposure across your buy and sell orders, with position offsets applied to minimize unnecessary holds on your USD Cash Account.

Example 1

You place a Limit order to buy 100 “Yes” contracts at $0.50.

Your reserved balance for the order amount is $50, so you must have at least this amount and enough to cover trading fees in your USD Cash Account for your order to be executed.

Example 2

You place a Limit order to sell 100 “Yes” contracts at $0.60.

No additional funds are required for the reserved balance, as the sell order offsets your position. This ensures that, even if you don’t have a USD Cash Account balance after opening the position, you will still be able to close it without any additional funding.

Example 3

You place Limit orders to buy 100 “Yes” and 200 “No” contracts at limit prices of $0.50 and $0.70, respectively.

Your reserved balance is $146, as calculated by:

$146 = (200 × $0.70 + 300 × $0.02)

The reserved balance is based on the maximum exposure among open orders for the same position. Whenever either side of the orders is filled, a proportional amount of the reserved balance is released, reflecting the reduced funding required for the remaining contracts.

Your limit orders remain pending until they are filled, canceled, or expire. All pending orders are automatically canceled when the event is resolved.

Partial fills are possible: If only part of your order is matched (e.g., 200 out of 500 contracts), the remaining quantity stays open, and your reserved balance is reduced proportionally to reflect the funds set aside for the remaining unfilled contracts.

Please note that you can’t edit the quantity or limit price of an existing limit order at this time. To make an adjustment, cancel the order and place a new one.

Follow these steps to cancel an open Limit order before it is fully executed:

Yes. You can submit a cancellation request during maintenance, and it will be processed under normal circumstances.

However, the scope of the maintenance may affect cancellations. If the request fails, please try again once maintenance ends.

No, editing is not supported at this time. Please stay tuned for future updates.

Yes, provided you don’t already hold a position on the opposite side. If you do, you must close that position before opening Limit orders in the other direction.

Yes, as long as the aggregated closing quantity is less than your position holdings, you will still be able to place a Market order to close the position.

For example:

As many as you like, as long as the combined contract total stays within the event’s position limit.

Limit orders are subject to the same fees as Market orders. Your final fee equals the per-contract rate multiplied by the number of contracts filled.

Please refer to the fee structures for Sports and Prediction Trading here and here respectively.