# Trading Fees Our on chain order books are powered by Econia, which inherently has 5 bps fees for liquidity takers. Providing liquidity is free. ## Taking Liquidity (Takers) If you place a Market order which gets filled instantly against existing limit orders, you are a liquidity taker, and 5 bps fees is applicable on such orders ## Providing Liquidity (Makers) If you place a Limit order, which does not get filled instantly, you are providing liquidity in the market which can be consumed by someone else later on. These orders do not incur any fees, even when they are filled later on. > Even Limit orders can be filled instantly if you specify a buy price higher than what people are willing to sell at or you specify a sell price lower than what people are willing to buy at. Such Limit orders essentially behave as Market orders, and hence incur 5 bps taker fees --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.fliq.one/trading-concepts/trading-fees.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.