Margin and Derivatives Trading Agreement

Section 1 - Introduction

1. Scope

1.1 This Agreement applies to all Services offered by OKX Middle East Fintech FZE ("OKX" or "we") to you ("User" or "you") via the Platform.
1.2 Services are detailed in Section 2.

2. Applicability

2.1 This Agreement supplements the Terms of Service and prevails in case of conflict.
2.2 Capitalized terms retain definitions from the Terms of Service unless specified in Schedule 1.

3. Classification

Users are classified as:

• Retail Investor
• Qualified Investor
• Institutional Investor

Per VARA Rules, Retail Investors are restricted to Margin Trading only.

4. Acceptance

By using Services, Users accept this Agreement and associated risks.

Section 2 - The Services

5. Services Offered

OKX provides:

• Margin Trading
• Futures Contracts
• Options Contracts
• Perpetual Contracts

👉 Explore Margin Trading

6. Margin Trading

6.1 Users deposit Virtual Assets or Eligible Fiat Currency as Margin.
6.2 OKX offers Leverage, displayed as a multiple of User-provided assets.
6.3 Maximum Leverage complies with Applicable Law.

7. Futures Contracts

7.1 Contracts expire on a specified date with underlying Virtual Asset delivery.
7.2 Settlement occurs weekly (Friday 12:00pm UAE Time).

8. Options Contracts

8.1 Automatically exercised if in-the-money at expiry.
8.2 Users may close positions pre-expiry or wait for settlement.

9. Perpetual Contracts

9.1 No expiry date; uses Funding Rate for dues between Users.
9.2 Funding Rate settled every 8 hours (04:00, 12:00, 20:00 UAE Time).

Section 3 - Fees & Payments

10. Fees

10.1 Charged per Position opened/closed/liquidated.
10.2 Updated fee list available here.

11. Taxes

11.1 Subject to Applicable Law, OKX may charge VAT or other taxes.

Section 4 - Trading

12. Trading Account Modes

• Spot and Futures Mode: Isolated Margin per asset.
• Multi Currency Mode: Shared Margin across assets.
• Portfolio Margin Mode: Holistic Margin within risk units.

👉 Learn about Modes

13. Margin Trading Steps

1. Open Position: Provide Initial Margin.
2. Maintain Position: Meet Maintenance Margin.
3. Close Position: Realized P&L credited/debited.

14. Liquidation

14.1 Triggered if Margin Ratio ≤ 100%.
14.2 OKX notifies Users before liquidation.

Section 5 - Risk Disclosure

20. Key Risks

• Leverage Risk: Small price movements may cause significant losses.
• Margin Calls: Must top up Margin promptly.
• Auto-Deleveraging: Extreme market conditions may force liquidation.

FAQ

Q: What is the maximum Leverage OKX offers?
A: Subject to Applicable Law; displayed on your Trading Account.

Q: How often is the Funding Rate settled?
A: Every 8 hours for Perpetual Contracts.

Q: Can Retail Investors trade Derivatives?
A: No—only Margin Trading is permitted.

Q: What happens if my Margin Ratio drops below 100%?
A: Positions may be liquidated.

Schedule 1 – Definitions

| Term | Definition |
|------|-----------|
| Margin | Virtual Assets/Fiat deposited to open Positions. |
| Leverage | Borrowed assets to amplify trades. |
| VARA Rules | Regulations by Dubai’s Virtual Asset Regulatory Authority. |

Updated April 7, 2025

**Key SEO Keywords**: Margin Trading, Derivatives, Leverage, Futures Contracts, Perpetual Contracts, VARA Rules, Liquidation, Risk Disclosure.  

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**Tables**: 1 for definitions.