Before placing an order, please confirm you have sufficient funds to cover the order and any applicable fees.
Our order book is an instant match system, and our matching engine is based on price priority.
2. Limit Orders
A limit order is an order set to be fulfilled at a specific price. There is no guarantee that the order will be fulfilled due to factors which include lack of demand, low liquidity or large fluctuations in the market.
3. Market Orders
This type of order is executed, and fulfilled, immediately at the best available current price on the Order Book.
There is no guarantee that a market order will be completely filled at a specific price. It may be filled at a number of prices which will be based on the quantity of the market orders and existing orders in the Order Book at that time.
Depending on the quantity and price of the order, it may not be filled at the best price. This is commonly called "slippage".
4. Matching and Order Priority
Infinite Exchange matches Taker Orders with open Maker Orders on each Order Book based on Price-Time Priority.
5. Trading Fees
Infinite Exchange transaction fees are deducted automatically and calculated as a percentage of the transaction value.
6. Market Integrity
All trades on Infinite Exchange are non-refundable. Infinite Exchange reserves the right to cancel, suspend orders or reverse trades in the following situations:
a. Abusive use of the transaction platform, such as market manipulation.
b. Irregular behaviour which may affect price, quantity or other market matters.
c. Court orders, and compelling requests from government authorities.
Infinite Exchange, at its absolute discretion, may decide to restrict trade size, frequency and API usage.
If any technical issue occurs such as users not being able to access the exchange, or place orders or access our API, Infinite Exchange may take any combination of the following action:
a. Suspend withdrawals and deposits
b. Cancel open orders.
c. Disable the placing of new orders.
d. Suspend sign-ins.
e. Suspend API use.
f. Suspend access to the web interface
g. Any other platform related action that Infinite Exchange deems fit in the circumstances.
8. Order Conflict
Please note that users are not able to be a Taker and a Maker at the same time when placing an order. If two orders have same quantity it would result in a self-execution, and both orders will be cancelled.
9. Market Manipulation prohibited
Users are prohibited from engaging in Market Manipulation which means a trader’s actions may include any of the following results:
a. Misleading or deceiving other traders.
b. Artificially controlling or manipulating the price or trading volume.