Order Types

PUNCH.WIN supports two order types: Market Order and Limit Order.

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Market Order

An order that executes immediately at the best available price on the Orderbook.

Field	Details
Execution	Immediate
Price	Automatically set to the current market price
Role	Always Taker
Fee	Charged (Fee details)
Cancellation	Not possible, as it executes immediately

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Limit Order

An order placed at a user-specified price.

Field	Details
Execution	When the specified price is reached
Price	User-defined ($0.001 – $0.999)
Role	Maker (if posted to the Orderbook) or Taker (if matched immediately)
Fee	Maker: None / Taker: Charged
Cancellation	Unfilled orders can be cancelled

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Taker vs Maker Determination

Scenario	Determination	Fee
Market Order	Always Taker	Charged
Limit Order → Matched immediately	Taker	Charged
Limit Order → Posted to Orderbook	Maker	None

• Taker: An order matched immediately against existing orders on the Orderbook. Fee charged.

• Maker: An order posted to the Orderbook awaiting execution. 0% fee + eligible for 50% Rebate.