OKX (formerly OKEx) is one of the world's leading cryptocurrency exchanges, offering advanced margin trading features including portfolio margin and multi-currency margin modes. With over $1 billion in daily derivatives volume, OKX is a favorite among professional traders.
Pros & Cons
✅ Pros
- Advanced portfolio margin mode
- Multi-currency margin for flexibility
- Up to 125x leverage
- Excellent Web3 wallet integration
- Comprehensive trading tools
- Low fees with VIP program
- Strong institutional-grade API
❌ Cons
- Not available in USA
- Interface can be overwhelming for beginners
- Some features restricted by region
- Withdrawal delays reported occasionally
Fee Structure
Margin Tiers
| Tier | Max Position | Max Leverage | Maintenance Margin |
|---|---|---|---|
| 1 | $50,000 | 125x | 0.4% |
| 2 | $200,000 | 100x | 0.6% |
| 3 | $1,000,000 | 75x | 1.0% |
| 4 | $5,000,000 | 50x | 2.5% |
How to Sign Up for OKX
OKX FAQ
OKX Portfolio Margin uses a risk-based model to calculate margin across your entire portfolio, reducing margin requirements by offsetting hedged positions. This is ideal for sophisticated trading strategies.
OKX offers up to 125x leverage on select USDT-M perpetual contracts. Spot margin supports up to 10x leverage. Available leverage varies by trading pair.
No, OKX is not available to US residents. American traders should consider Kraken or Coinbase as regulated alternatives.
Multi-currency margin allows you to use multiple cryptocurrencies as collateral simultaneously, with automatic conversion calculations for margin requirements.