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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.