In Hapi, there are certain restrictions for placing limit orders and stop limit orders, defined by the asset's current price. These restrictions determine how far from the current price or stop price you can set your limit price to protect investors from extreme market fluctuations.
Restrictions for Stocks and ETFs
Depending on the current stock price, the following variations are allowed when placing limit or stop limit orders:
Current Asset Price (USD) | Allowed Variation |
Below 25 | ±10% |
25.0001 to 50 | ±5% |
Above 50 | ±3% |
Practical Example (Limit Order): If the current stock price is $400 (above $50), the allowed variation is ±3%, meaning your limit price must be between $388 and $412.
Practical Example (Stop Limit Order): If you set a stop price of $400, the allowed variation for the limit price is ±3%, meaning your limit price must be between $388 and $412.
Restrictions for OTC Assets
Restrictions for OTC market assets differ due to their higher volatility:
Current Asset Price (USD) | Allowed Variation |
Below 2.99 | ±20% |
3 to 137.49 | ±10% |
137.50 to 749.99 | ±5% |
Above 750 | ±3% |
Practical Example: If the current price of an OTC asset is $10, the allowed variation is ±10%, thus, your limit or stop limit order must be between $9 and $11.
Important Notes
These restrictions only apply to limit and stop limit orders. There are no restrictions on the stop price for stop orders.
Currently, there are no restrictions on cryptocurrency limit prices.
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