How to Trade Contracts on OKEx? A Step-by-Step Guide to OKEx Futures Trading

OKEx has maintained high visibility in the crypto community as a veteran futures trading platform. For beginners, understanding how to operate OKEx contract trading, the workflow, and how fees are calculated is crucial. This guide provides an in-depth walkthrough of OKEx futures trading.

Getting Started with OKEx Contract Trading

Prerequisites:

1. Register an OKEx Account: Visit the official website to sign up.
2. Deposit Funds: After registration, deposit crypto assets. Note that contract trading is enabled only after holding funds for one month.
   👉 OKEx Registration Portal

Steps to Begin Trading:

1. Complete Identity Verification in the account settings.
2. Transfer USDT to the "Spot Trading" account to purchase your desired cryptocurrency.
3. Move the purchased coins to the "Futures Contract" account.
4. Select leverage (e.g., 10x for beginners) and choose "Buy/Long" (bullish) or "Sell/Short" (bearish).

OKEx Futures Trading Tutorial

1. Fund Transfer

• Navigate to "Assets" → "Futures Account" → Enter transfer amount → Confirm.

2. Contract Selection

• Choose Delivery Contracts (e.g., Weekly or Quarterly).
• Opt for major cryptocurrencies (e.g., BTC, ETH) for better liquidity.

3. Contract Settings

• Margin Mode: Isolated Margin (recommended for beginners).
• Leverage: Start with 10x; adjust as you gain experience.

4. Placing Orders (Limit Order)

• Buy/Long: Predict price rise → Set entry price/quantity → Confirm.
• Sell/Short: Predict price drop → Set entry price/quantity → Confirm.
• Monitor orders under "Positions" (filled) or "Pending Orders" (unfilled).

OKEx Contract Trading Fees

Fees are calculated based on position size and order type:

| Order Type | Fee Rate (LV1 User) |
|------------------|---------------------|
| Maker (Limit) | 0.02% |
| Taker (Market) | 0.05% |

Example: Using 10x leverage with 1 EOS:

• Full taker fee: 0.005 EOS
• Full maker fee: 0.002 EOS

👉 Explore OKEx Fee Structure

FAQs

Q1: Can I change leverage after opening a position?
A: No. Leverage must be set before opening and cannot be adjusted mid-trade.

Q2: What’s the difference between Isolated and Cross Margin?
A: Isolated uses only the position’s margin, while Cross uses the entire account balance.

Q3: How are fees deducted?
A: Fees are subtracted from the traded amount upon order execution.

Risk Disclaimer: Futures trading involves high risk. This guide does not constitute investment advice. Trade responsibly.