Trading glossary

Taker

Taker orders and taker fees: removing liquidity from the order book.

Order executionDefinition & trading context
All definitions
The definition

A taker order removes liquidity by matching immediately against resting orders (market orders or marketable limits).

Understanding taker

Taker fees are typically higher than maker fees. VIP volume tiers on ApeX Omni discount both maker and taker rates as 30-day volume grows.

Choosing maker vs taker is a trade-off between fill certainty/speed and fee cost.