Regarding the fee issue of the trailing stop loss feature for OKX futures contracts, the explanation is as follows based on platform rules and market practices:
- Trailing Stop Loss 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 Address: 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 is charged (current standard is 0.05%).
For a moving stop loss order, there are no additional charges 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. -
Precautions
The trailing stop loss feature must be set without any open positions; some contract varieties may restrict this feature.