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How to Place and Cancel Orders

27/08/2025 02:25:40


Placing an Order

Placing an order on the Bifu platform is straightforward, ensuring accurate and convenient operations:
  • Log in to your account Log in to your Bifu account via the website or mobile app.
  • Go to the trading page Select the asset class you want to trade (e.g., Forex / Cryptocurrency / Commodities) and open the trading interface for the corresponding trading pair.
  • Choose order type
    • Market Order: Executed immediately at the current market price.
    • Limit Order: Triggered and executed only when the market reaches your specified price.
  • Set order parameters
    • Enter the trading volume (lots or quantity).
    • To limit or stop orders, enter the target price.
    • Optional: Set Stop-Loss (SL) / Take-Profit (TP) levels.
  • Review and confirm carefully check the direction (Buy/Sell), quantity, price, and SL/TP settings. Click "Buy Long" or "Sell Short" to submit the order.
  • Monitor orders and positions View order status and position details in the Open Orders / Positions section of your account.
 

Cancelling an Order (Pending Orders)

To cancel a pending order:
  • Go to the Orders page After logging in, navigate to the Open Orders (or Pending Orders) section.
  • Locate the order Find the pending order you wish to cancel.
  • Cancel the order Click the "Cancel" button next to the order and confirm the cancellation in the prompt.
  • Verify the result Check the Order History / Trade History to confirm that the pending order has been cancelled or view the cancellation status.
 

Important Notes

  • Market orders cannot be cancelled once executed. Please confirm all parameters before placing an order.
  • Network stability: Ensure a stable network connection when placing/cancelling orders to avoid duplicate submissions or timeouts.
  • Permissions and balance: Before placing an order, ensure your account has sufficient available balance and the corresponding permissions (margin/leverage settings, etc.).
  • Time lag and delays: Slippage or delays may occur during periods of high market volatility. Trading risks are borne by the user.
  • Encountering problems: If you encounter any issues or require assistance, please contact the Bifu customer support team via online chat or email.