Contract Trading Guides

To place your first order, review all the Prerequisites and follow the Procedures. Prerequisite: Please read all of the Basic Trading Concepts articles to become familiar with all the terms and concepts used below. Procedures: The Phemex Trading Page offers you three types of orders: Limit Orders Log in to Phemex.com and click the Contract Trading button. From the Order Module on the left side of the page, select Limit. Set your desired Limit Price and contract Quantity. At the bottom of the module, select either Post-Only, Reduce-Only, GoodTillCancel, ImmediateOrCancel, FillOrKill, or leave untouched depending on your needs. Click Buy/Long or Sell/Short to display a confirmation window. Select a Take Profit or Stop Loss percentage if necessary. If not, then click Confirm.   Market Orders Log...

To close a position, review all the Prerequisites and follow the Procedures. Prerequisite: Please read all of the Basic Trading Concepts articles to become familiar with all the terms and concepts used below. Procedures: The Phemex Trading Page offers you three ways to close your positions: Limit Orders Log in to Phemex.com and click the Contract Trading button. Under your Open Positions tab, click the Limit button corresponding to your target position. Set your desired Close Price and contract Quantity and click Confirm. Market Orders Log in to Phemex.com and click the Contract Trading button. Under your Open Positions tab, click the Market button corresponding to your target position. Set your desired contract Quantity and click Confirm Conditional Orders Log in to Phemex.com and click the Contract Trading button. Under your Open Positions tab,...

Below is a step-by-step guide on how to set a trailing stop order on Phemex.   To set a Trailing Stop to an open position, perform the following steps: Log in to Phemex.com and click the Contract Trading button. From your Open Positions tab, click on -/-(-) under the TP/SL(Trailing Stop) column for the target symbol you wish to work with. In the new window that appears, check the Trailing Stop option. Enter your desired Trail Value. If you wish, you can also enter a specific Activation Price. Click Confirm.

If you are placing an order for the first time, please view How do I place a Perpetual Contract Order? Follow the instruction to successfully place an order with a Take Profit, Stop Loss, or both conditions. If you wish to set Take Profit or Stop Loss conditions to positions that you have already opened, perform the following steps: Log in to Phemex.com and click the Contract Trading button. From your Open Positions tab, click on -/-(-) under the TP/SL(Trailing Stop) column for the target symbol you wish to work with. In the new window that appears, check either Take Profit, Stop Loss, or both. For each order that you choose, set a...

To set your Leverage and Risk Limit preferences, review all the Prerequisites and follow the Procedures. Prerequisite: Please read What is Margin Trading to become familiar with all the terms and concepts used below. Procedures: The Phemex Trading Page allows you to choose between two types of margin: Isolated Margin Log in to Phemex.com and click the Contract Trading button. From the Leverage Module on the left side of the page, use the slider to select the amount of leverage you wish to apply or click the Edit symbol to manually enter a number (from 1 up to 100). NOTE: Isolated Margin will limit your loss to the initial...

Phemex offers 3 types of contract trade accounts: BTC and ETH (inverse perpetual contracts) to be funded with BTC and ETH respectively and USD (linear perpetual contracts) to be funded with USD from the Spot Wallet. There are 3 ways to fund your contract trade account. Let’s view a step-by-step guide on how to fund them. Funding From Spot Wallet 1. Firstly, make sure you have registered for a Phemex account, or alternatively, log into your account. 2. Next, navigate to the right hand corner of the website. Click on the circular icon to go to your Account. 3. From your account overview,...

Phemex provides two types of margin options (What is Cross and Isolated Margin?). The procedures to adjust margin will vary depending on the type of position. Isolated Margin Position Assuming that leverage remains the same, adding margin to a position will help increase the distance to liquidation price (What is Liquidation?). Adding Margin To add margin to an isolated margin position, perform the following steps: Log in to Phemex.com and access the Contract Trading page. From your Open Positions tab, click the target symbol you wish to adjust. In the Leverage Module on the left side of the page, make...

If you wish to trade with the BTC trading account, you must first purchase or deposit BTC and transfer it into the account. If you wish to trade with the USDT trading account, you must first purchase or deposit crypto, convert it into USDT, and transfer it into the account. To place your first perpetual contract order, perform the following steps: Phemex offers three types of orders: Market Orders Open the Phemex App and log in to your account. Tap the Contract in the center of the bottom navigation bar. Tap the hamburger menu (three horizontal lines) at the top...

The Phemex APP offers you both a BTC and USD Contract Trading Account. The BTC account allows you to trade our BTC-margined BTCUSD inverse contract. The USD account allows you trade all of our USD-margined linear contracts. To fund either account,  perform the following steps: Open the Phemex App and log in to your account. Tap the Assets Icon on right side of the bottom navigation bar and then tap the Transfer button at the top of the page. Tap Flip Icon to make sure you are transferring From Spot Wallet To Contract trade accounts. Select whether you’re transferring BTC...

All contract orders or positions can be set with isolated or cross margin. To learn more about these concepts, please read “What is Cross and Isolated Margin?” To become familiar with how to place a contract order, please first read “How do I place a Perpetual Contract Order? (APP)” Cross Margin and Risk Limit To set and adjust these settings, perform the following steps: Open the Phemex App and log in to your account. Tap the 100x Icon in the center of the bottom navigation bar. Tap the hamburger menu (three horizontal lines) at the top left of the screen...