Glossary

What is Maker / taker fee

A maker adds liquidity to the book (a limit order) and pays less; a taker removes it (market, stop-market) and pays more. The fee is charged on position size, not on risk.

How it works

Example

A $17 016 position: limit entry (maker 0.02%) — $3.40, stop-market exit (taker 0.05%) — $8.51. Together $11.91 — 0.12R of the $100 risk.

Common mistake

Not counting the fee in R: with a tight stop and a big size it eats tenths of an R on every trade.

Read next

Frequently asked questions

Where can I learn Maker / taker fee step by step?
In the Trading OS Academy: “Costs: fees, funding, slippage”, “Position size without ego”.
What is Maker / taker fee related to?
Limit order; Market order; Position size; Funding rate.

Plan versus outcome — for every trade

The Trading OS journal keeps the planned RR and the actual R of each trade side by side and computes expectancy from real results.

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