Placing Orders

This article details how to place the different order types available on Rails:

Before you continue:

• There is a minimum order size of $1 USD for all trades.

• There is no maximum order value.

Placing an Order

Placing a Trigger Order

FAQs

Delisting

How to Place an Order

To place a market or limit order, complete the following steps:

1. Select the Asset you wish to trade in the top left hand corner of your Rails account under All Markets.

2. Select Market or Limit to ensure that you are executing the type of order you want.

3. Select Buy or Sell depending on whether you want to open a Long or Short position respectively.

4. Select your preferred Leverage amount by clicking on the cross margin drop down menu.

   • Note: If you are changing your leverage, the change will apply to any open orders, as leverage is applied at the account level.

5. Input the details of your order or use the % options shortcuts to set a percentage of your available balance.

6. Select Post only if desired.

7. Click the Buy or Sell button to place your order.

A green "Order accepted" banner will pop and you should see your order appear under the Positions tab if it was successful. See our troubleshooting tips if you need help.

How to Place a Trigger Order

Learn how to use the trigger order shortcut here.

To place a Trigger Limit Order you must follow these steps:

1. Once you have an open position, navigate to your Positions Tab on the main Trading Page.

2. From the Order Panel, click the trigger order drop down menu and select whether you want a Take Profit Limit Order, Stop Limit Order, Take Profit Market Order or a Stop Loss Market Order

3. Select the Trigger Price, which is the price at which you would like the order to execute.

4. Select the Price which is the highest you would like to take profit or lowest you would like to stop loss.

5. Input the Amount you would like to buy/sell in one of three ways:

   • Use the % options shortcuts to set a percentage of your available balance, or

   • Input the Amount in either quantity (# of asset) or trade volume ($ in USD) using the arrows to toggle between the two options.

6. Click the Buy or Sell button to place your trigger limit order.

You should see a success message in the lower left-hand side of your screen if it was successful. See our troubleshooting tips if you need help.

Trigger Order Shortcut

The easiest way to add a trigger order is using the shortcut directly from your position in your positions tab.

Follow these steps to use the shortcut to place a Trigger Order:

1. Once you have an open position, navigate to your Positions Tab on the main Trading Page.

2. Click Add --> on either TP or SL in the Trigger Orders column.

1. The default is to set to Market Trigger orders, or select the checkbox to set a Limit Price:

Not sure if you want to set a market or limit trigger order? Find out more about each in our order types guide.

1. Click UPDATE TRIGGER(S).

A success message shows on screen if your trigger orders are placed successfully, and you can navigate to the trigger orders tab to confirm.

Frequently Asked Questions

Order book price vs index price

Order Book Price

Also known as the oracle price, the order book price is located above the chart at the top left corner of the trading page, is the midpoint between the best bid (highest price someone is willing to buy) and the best ask (lowest price someone is willing to sell).

This is a “fair” reference price in the middle of the current buy and sell offers. It’s often used to give traders a quick view of the market’s balance, and on Rails, it’s also the baseline for how market orders are priced for the fastest execution.

Index Price

The current asset price in USD pulled from our Index Price Sources. It smooths out sudden spikes or drops that might occur on any one exchange, giving you a more stable and reliable benchmark.

• Positions are opened or closed based on the order book price.

• Unrealized P&L is calculated using the index price.

• Liquidiation is triggered using the index price.

• Market Orders are submitted using the index price.

How to select the right limit price

Selecting the best price when you are trading an asset involves setting a specific price at which you are willing to buy or sell it. The goal is to get the desired price, but it requires careful consideration of market conditions and your own trading strategy. Further, failure to select an appropriate price may result in your order not closing if there is no buyer or seller willing to accept your trade.

Steps to Select the Best Price for a Limit Order

Analyze the Market:

• Current Price: Check the current market price (also known as the index price) of the asset you want to trade. This gives you a baseline.

• Order Book: Examine the order book, which shows the prices and quantities of buy and sell orders currently placed on Rails. This can help you understand where most traders are placing their orders.

Set Your Desired Price:

• For Buying: Choose a price below the current market price. This means you are waiting for the price to drop to your set level before your order executes.

• For Selling: Choose a price above the current market price. Your order will only execute if the price rises to your set level.

Asset Delisting

Rails periodically reviews available assets and markets. Occasionally, this leads to delisting, which involves removing the asset from trading and preventing new positions.

Here's how delisting might affect you:

• New Orders: New orders will be blocked or removed to prevent trading the delisted asset.

• Open Orders: Any open orders may be deleted or canceled without execution.

• Open Positions: We notify users with open positions in the soon-to-be-delisted asset. You will be advised to close your position by a specified date, or we may automatically close it.

We will give sufficient notice in all cases, and ensure that users are not affected before an asset is delisted.

What happens if I do nothing?

Depending on the asset, Rails may take action for you. We will send you details instructions if you need to take action, either by email and/or on socials.

Will Rails ever ask for my private keys during an asset delisting?

No. Rails will never request your private keys - ever.

Always use official channels and be cautious of impersonators. Refer to our safety notice here.

Delisted Assets List

Asset Name	Asset Cashtag	Delisting Date
FARTCOIN	$FARTCOIN	Dec 8, 2025

Still need help? See our troubleshooting tips.