Step-by-Step Guide to Activate Contract Trading on OKX
Contract trading on OKX (formerly OKEx) allows you to trade derivatives with leverage. Follow these steps to enable this feature:
Step 1: Register and Verify Your OKX Account
- Visit the OKX official website
- Click "Sign Up" and complete the registration process
Verify your identity through:
- Email confirmation
- Phone number verification
- KYC documentation (ID proof)
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Step 2: Activate Contract Trading
- Navigate to the "Trade" section
- Select "Futures" from the trading options
- Locate and click the "Enable Contract Trading" button
Step 3: Complete the Application Form
Provide accurate information about:
- Your trading experience level
- Investment objectives
- Risk tolerance capacity
Step 4: Finish Risk Assessment
Answer the questionnaire honestly to:
- Understand your risk profile
- Learn about potential losses
- Determine suitable trading limits
Step 5: Wait for Approval
OKX typically processes applications within:
- 24 hours for standard accounts
- 2-3 business days for complex cases
Step 6: Start Trading Contracts
Once approved:
- Log in to your OKX account
- Deposit funds
- Begin trading futures contracts
Key Considerations Before Trading Contracts
| Risk Level | Recommended Action |
|---|---|
| High | Start with small positions |
| Medium | Use moderate leverage |
| Low | Consider spot trading instead |
- Leverage amplifies both profits and losses
- Market volatility can trigger liquidations
- Only trade with risk capital you can afford to lose
FAQ Section
Q: What's the minimum deposit for contract trading?
A: No minimum deposit is required, but we recommend at least $100 for effective risk management.
Q: Can I trade contracts without KYC?
A: No, full identity verification is mandatory for contract trading on OKX.
Q: How long does approval typically take?
A: Most applications are processed within 24 hours during business days.
Q: What if my application gets rejected?
A: You may reapply after gaining more trading experience or adjusting your risk profile.
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Remember: Contract trading involves substantial risk and isn't suitable for all investors. Always conduct thorough research before engaging in derivatives trading.