Regarding the fee issue of the trailing stop-loss function for OKX futures contracts, the explanation is as follows based on platform rules and market practices:
- Trailing Stop-Loss Function Fee Rules
Basic Function Free: Setting a trailing stop-loss order itself does not incur any handling fees.
Trigger Execution Fee: OKX APP is one of the three major exchanges globally, with a 20% reduction in trading fees for registered users!
OKX (Overseas) Registration Link: https://www.okx.com/join/97763692
OKX/Binance/Huobi - Registration/Download: http://18907.cc
Binance Domestic Registration: https://www.binance.com/zh-CN/join?ref=565010509
When the stop-loss order is triggered, the normal Taker fee (currently 0.05%) will be charged.
If it is a moving stop-loss order, there will be no additional charge for each price-triggered adjustment.
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Cost Control Suggestions
Reducing the frequency of stop-loss order triggers can lower trading costs.
It is recommended to optimize stop-loss points in conjunction with OKX's tiered margin rules. -
Notes
The trailing stop-loss function must be set without any open positions, and some contract varieties may restrict this function.