diff --git a/freqtrade/exchange/binance.py b/freqtrade/exchange/binance.py
index b21e64eb2..7462e4f81 100644
--- a/freqtrade/exchange/binance.py
+++ b/freqtrade/exchange/binance.py
@@ -31,7 +31,7 @@ class Binance(Exchange):
         "ccxt_futures_name": "future"
     }
     _ft_has_futures: Dict = {
-        "stoploss_order_types": {"limit": "limit", "market": "market"},
+        "stoploss_order_types": {"limit": "stop", "market": "stop_market"},
         "tickers_have_price": False,
     }
 
diff --git a/tests/exchange/test_binance.py b/tests/exchange/test_binance.py
index 1fc8b4153..306a30985 100644
--- a/tests/exchange/test_binance.py
+++ b/tests/exchange/test_binance.py
@@ -23,7 +23,7 @@ from tests.exchange.test_exchange import ccxt_exceptionhandlers
 def test_stoploss_order_binance(default_conf, mocker, limitratio, expected, side, trademode):
     api_mock = MagicMock()
     order_id = 'test_prod_buy_{}'.format(randint(0, 10 ** 6))
-    order_type = 'stop_loss_limit' if trademode == TradingMode.SPOT else 'limit'
+    order_type = 'stop_loss_limit' if trademode == TradingMode.SPOT else 'stop'
 
     api_mock.create_order = MagicMock(return_value={
         'id': order_id,