I want to place an order on OYi Contract, where is the commission function hidden?

To calculate the trading fees associated with an order on OYi Contract's user-friendly trading interface, locate the "Fee Rate" field displayed in the order entry panel after selecting the desired contract.

Jan 27, 2025 at 06:42 am

Key Points:

• Understanding the OYi Contract Trading Interface
• Locating the Commission Function
• Steps for Placing an Order with OYi Contracts
• Frequently Asked Questions (FAQs)

Understanding the OYi Contract Trading Interface

OYi Contract offers a user-friendly trading interface designed for both experienced and novice traders. The platform features various tools and functions to facilitate efficient trading, including charting capabilities, order management, and position monitoring.

Locating the Commission Function

The commission function in OYi Contract is essential for calculating trading fees associated with your orders. To access this function:

1. Log into your OYi Contract account.
2. Navigate to the Trading tab.
3. Select the contract you wish to trade.
4. On the order entry panel, find the "Fee Rate" or "Commission" field.
5. This field will display the commission percentage applicable to your order.

Steps for Placing an Order with OYi Contracts

Placing an order on OYi Contract involves the following steps:

1. Choose a Trading Pair: Select the contract you want to trade, which represents the underlying asset (e.g., BTC/USDT).
2. Specify Order Type: Determine the type of order you want to place, such as a market order or limit order.
3. Enter the Order Size: Input the number of contracts you wish to buy or sell.
4. Set Price (for Limit Orders): If using a limit order, specify the desired execution price.
5. Check the Commission: Review the commission fee that will apply to your order.
6. Place the Order: Click on the "Buy" or "Sell" button to submit your order.

Frequently Asked Questions (FAQs)

Q: Does OYi Contract charge a maker and taker fee?
A: Yes, OYi Contract charges both maker and taker fees, which vary based on the contract type and trading volume.

Q: How is the commission calculated?
A: The commission is calculated as a percentage of the contract value multiplied by the trading volume.

Q: Can I adjust the commission fee?
A: No, the commission fee is set by OYi Contract and cannot be modified by users.

Q: Where can I find information about the specific commission rates?
A: Refer to the OYi Contract website or contact their customer support team for up-to-date information on commission rates.

Q: Are there any discounts or rebates on commissions?
A: OYi Contract may offer commission discounts or rebates for high-volume traders or other special promotions. Check with their support team for details.