When placing trades on our platform, you may have noticed the Spend Percentage Bars that can be utilised when placing a buy or sell order.
You can use these buttons to effortlessly calculate how much of the underlying asset you are able to purchase or sell, with the balance available on your account. For example, when placing a sell order, if you only want to use sell half of your BTC balance and keep the remaining half, you would select the 50% option and when this order executes, it will only sell half of the Bitcoin balance in the account at that time.
This option essentially allows you to select a percentage, from the screen, of how much of your asset you wish to use in the trade you are placing.
Please note that the minimum trade amount of $25 AUD will still apply to all transactions regardless of the value of the amount selected by the percentage based trade bar. Additionally, please also note that when using Market Orders you may also see the amount of the asset you can buy/sell changing over time. This is due to the ongoing market fluctuations in price so be sure to take that into account as these are estimated figures.
If you have any further questions, or would like a hand placing an order using the percentage based trade bar, please don't hesitate to get in touch via live-chat.