What Is Taker?
A trader whose order removes liquidity by filling against existing orders, typically via market orders. Taker fees are higher than maker fees, which matters enormously for high frequency and scalping strategies.
Related Terms
- Maker A trader whose limit order adds liquidity to the order book and waits to be filled.
- Market Order An order that executes immediately at the best available price.
Where You Will Meet This Term
You will run into taker constantly on any futures exchange, from the order panel to the position dashboard. If you are still building your foundation, our guides on leverage, liquidation and risk management connect the vocabulary into an actual trading process, and the full glossary covers every other term you will encounter.