1. Overview
1.1 The Leverage Trading Service (referred to as "Service") is governed by this User Agreement, which is provided by OKX ("OKX," "we," "our," or "Platform") based on the applicable terms for users.
1.2 This Leverage Trading User Agreement ("Agreement" or "Terms") constitutes a legally binding contract between you ("User" or "You") and OKX regarding your use of the Service. By accessing or using the Service, you acknowledge that you have read, understood, and agreed to these Terms, including any modifications made by OKX. If you do not accept these Terms, you must immediately cease using the Service.
1.3 These Terms also incorporate OKX’s system policies, additional agreements, rules, and any updates related to the Service. Continued use of the Service implies acceptance of these documents.
1.4 These Terms, along with any applicable user agreements, form the complete understanding between you and OKX regarding the Service.
1.5 These Terms supplement OKX’s general policies. In case of conflict, these Terms shall prevail.
2. Eligibility for Using the Service
2.1 User Representations & Acknowledgments:
- You have agreed to comply with OKX’s policies and are legally permitted to use the Service.
- You possess sufficient trading experience, risk tolerance, and knowledge of leveraged cryptocurrency trading.
- You confirm that the digital assets in your OKX account are legally owned and obtained lawfully.
2.2 User Commitments:
- You will not use the Service for illegal activities, including fraud, money laundering, or market manipulation.
- You will not violate any applicable laws or regulations.
3. Risk Management
3.1 Risk Control Measures:
- OKX employs measures such as position limits, margin requirements, and liquidation protocols to mitigate risk.
- OKX reserves the right to cancel orders or liquidate positions if they pose excessive risk to the market.
3.2 Market Risks:
- Leveraged trading amplifies potential gains and losses. You alone bear full responsibility for trading decisions.
4. Using the Service
4.1 Leverage Trading Mechanism:
- You may borrow digital assets from OKX to trade on the Platform ("Leverage Trading").
- You must deposit supported assets (cryptocurrency or fiat) into your OKX margin account as collateral.
4.2 Order Execution:
- Orders can be placed via OKX’s website, API, or other channels. Once executed, orders cannot be canceled.
4.3 Interest & Fees:
- Interest accrues hourly on borrowed assets and is deducted automatically.
- Failure to meet margin requirements may trigger forced liquidation.
4.4 Leverage Adjustments:
- OKX may modify leverage ratios at its discretion based on market conditions.
5. Margin Repayment & Release
5.1 You may repay borrowed assets (principal + interest) at any time.
5.2 Upon full repayment, collateral is released to your OKX account. Partial repayments allow continued trading if margin requirements are met.
6. Security Interest & Liabilities
6.1 OKX holds collateral as security for your obligations under these Terms.
6.2 You grant OKX a first-priority security interest over your margin assets.
7. Representations & Warranties
7.1 You affirm that:
- Collateral is legally obtained and free from encumbrances.
- You comply with sanctions laws and will not engage in prohibited activities.
8. Limitations of Liability
8.1 Risk Disclosure:
- Digital assets are highly volatile—prices may collapse unexpectedly.
- Technical failures, market disruptions, or regulatory changes may impact trading.
8.2 OKX’s Disclaimers:
- OKX does not guarantee service continuity or asset value.
- OKX is not liable for losses due to market risks, third-party actions, or force majeure events.
9. Indemnification
9.1 You agree to indemnify OKX against losses arising from your breach of these Terms.
10. Legal & Tax Disclaimer
10.1 OKX does not provide financial, legal, or tax advice. Consult professionals before trading.
11. Third-Party Links
11.1 OKX disclaims responsibility for third-party websites linked on its Platform.
12. Governing Law & Dispute Resolution
12.1 These Terms are governed by English law. Disputes shall first be mediated via HKIAC, then resolved by arbitration in Hong Kong.
13. Miscellaneous
13.1 Updates to these Terms will be posted on OKX’s website—continued use implies acceptance.
13.2 If any clause is unenforceable, the remainder remains valid.
FAQs
Q1: What happens if I fail to meet margin requirements?
A1: OKX may liquidate your positions to cover the shortfall.
Q2: Can OKX change leverage ratios?
A2: Yes, OKX reserves the right to adjust leverage based on market conditions.
Q3: Is OKX liable for trading losses?
A3: No—users bear full responsibility for their trades.
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This document is for informational purposes only and does not constitute financial advice. Trade responsibly.