A target order (also known as a limit order) lets you set the price at which you'd like to buy or sell an asset. This means your trade will only go through if your set price—or a better one—is available. Target orders stay active until they’re executed or cancelled.
They’re perfect for traders who:
Want to buy at a lower price or sell at a higher price
Prefer to set and forget—your order will be executed automatically, even while you sleep
🧭 Navigating the Target Orders Interface
The Portal UI is split into two sections:
Order Form (left side): This is where you input your buy/sell target order details
Order Table (right side): Displays your active target orders
Key Interface Features:
Order form, here you enter your buy or sell parameters
Order form checklist, detailing all fields we need from you to successfully enter your target order
Order table headers
Order table filters, use these to sort and organise your entered target orders
Target distance helps you understand how far your order is from the current market price (this updates when you refresh the page)
Cancel order, if you want to cancel an order, clicking this cancel button will cancel the target order. Upon cancelling, your allocated funds will be released after a few minutes for you to set new Target orders, or to enter a Market order via the trade page.
🚀 The Fastest Way: Place a Target Order in the Portal
You can easily set up, track, and cancel your target orders through the Caleb & Brown Portal. We highly recommend using the Portal for all target orders—it’s faster, easier, and gives you full control.
Step-by-Step Guide:
Log into your Portal account
Click the ‘Trade’ option in the right hand menu to unfurl.
Select ‘Targets’
Select whether you want to Buy or Sell via the drop down.
Enter the token using the drop-down & enter the total units
If a Sell order, please ensure you have a sufficient balance in your Caleb & Brown wallet
Enter your target price
Using the drop-down, select the fiat currency or stablecoin you'd like to execute the order with
For now, we only support entering target orders in Portal where one side of the order is a stable coin or fiat currency. You may still enter tokens to token targets via your Broker.
Review your order and click NEXT
🧾 Reviewing Your Order
Before you click Place Target, you’ll be taken to an Order Details page showing:
Asset pair
Order amount
Current market price
Your target price
Percentage difference from market
Estimated order value
Fees
Make sure everything looks right—then hit Place Target.
✅ You’ll receive a confirmation message and see your open order in the Order Table.
🔒 Note: Your funds will be temporarily reserved once the target is placed. You’ll need to cancel it before using those funds for other trades.
💬 Still Want to Email Your Broker?
While the Portal is the fastest method, you can still place a target order by emailing your broker. You’ll find their contact details in your Portal account. Please include:
For a Buy:
Asset to buy
Amount to buy (units or dollar value)
What you’re using to fund the purchase (e.g., AUD, USDC)
Target price (must match funding currency)
Example:
"Please use 5,000 USDC (including fees) to buy BTC at a price of $20,000 USD."
For a Sell:
Asset to sell
Amount to sell
What you want to sell into (e.g., USD, USDC)
Target price (must match receiving currency)
Example:
"Please sell 0.5 BTC into USD if BTC reaches $30,000 USD."
❓ Frequently Asked Questions
Where can I view completed target orders?
Go to the History page in the Portal and click on the Targets tab.
What types of target orders can I enter in the Portal?
You can enter any Buy or Sell order where one side of the trade is a fiat currency or stablecoin.
Want to do a token-to-token swap?
Contact your broker directly.
How do I cancel a target order?
Click the Cancel button in the Target Orders UI or email your broker with the order details.
How do I know if my order is close to executing?
Look for the green target icon in the Order Table. This means the order is within 5% of your target price.