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 functionality is free: Setting a trailing stop-loss order itself does not incur any handling fees.
OKX is one of the three major exchanges globally, and registration offers a 20% reduction in trading fees!
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
Trigger execution fee:
When the stop-loss order is triggered, the normal Taker fee is charged (current standard is 0.05%).
If it is a moving stop-loss order, there are no additional charges for each price trigger adjustment.
2. 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.
3. Precautions
The trailing stop-loss feature must be set without any open positions, and some contract varieties may restrict this feature.