Term

What maker and taker fees mean

Maker and taker are two ways an order can fill, and they are usually priced differently.

Short answer

A maker order rests in the book and waits; a taker order fills against an order that is already there. Platforms publish the two separately.

What maker and taker fees mean: a document

Key points

  • The difference is whether it filled at once

    An order that executes immediately is a taker; one that waits in the book for a counterparty is a maker. On the same trade the two can differ by a lot.

  • The trade record is the evidence

    Your fill history labels each trade as maker or taker. Sort by that label when you compare costs, not by what you assumed at the time.

Common questions

When does an order count as a maker fill?

When your order entered the book first and was filled later by a counterparty. Which side a given trade landed on is written on the trade record.

Is maker always cheaper?

Most platforms price maker lower and some rebate it, but the rule differs by platform and can move with tier or campaign. The fee page on the day decides.

Sources:the maker and taker section of the platform's fee page · describing how the two order types differ; no rate figure is quoted · Checked on 2026-09-18

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