Reasons for Failed Futures Trading Orders

1. Why Orders Fail to Place:

1. Insufficient Margin

Order placement may fail due to insufficient available margin, which can occur in the following scenarios:

• You have other open orders that share the same margin.
• The order amount exceeds the position amount.
• Lower leverage requires a higher margin balance.

You can increase the margin balance or adjust the leverage level to ensure sufficient funds for order execution.

2. Position limits

• Given your leverage, your stop-loss/take-profit orders or oversized reverse positions may require more margin than is currently available. Review your position size and margin requirements.
• Maximum position sizes vary by trading pair and leverage level. Orders exceeding the specified maximum nominal value per pair will be rejected.

3. Order Below Minimum Nominal Value

Different contract types have minimum order value requirements. If the order value is below the required minimum, it cannot be placed.

Please refer to the trading rules for the minimum notional value and minimum trade amount: https://www.lbank.com/futures/trading-rules 

4. Reduce-Only Order Restrictions

You don't have an existing opposite position to reduce. This error occurs when you try to place a [Reduce-Only] order without a corresponding open position.

5. You placed a FOK order, and it wasn’t filled immediately

A Fill-Or-Kill (FOK) order must be fully executed immediately, or it will be canceled. If market conditions do not allow instant execution, the order will be rejected and will not appear in the order history.

 

2. Why Orders Fail to Execute: 

1. No matching price on the market

The market price has not yet reached the price you set for your stop-loss or take-profit order. These types of orders only execute when the market price matches the order price. If you place a Stop Market order, you can set the trigger price at the mark price or the latest price so it will more likely be filled.

2. The order price deviates hugely from the market price

There are no matching orders in the market depth pool at the price you set. Or your position is very large and could only be partially filled.

3. Margin Check Failed (for Stop-Loss/Take-Profit)

For Stop Limit and Stop Market orders, you need to fill in a trigger price and a filled price. The system will then execute double margin checks before placing an order and before filling the order. Once the order is triggered, the system will conduct a second margin check immediately. If your margin balance is insufficient (e.g., you transferred some of the margin balance out of the Futures account), the order status will be shown as expired.