OKX Options Trading User Agreement

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Options trading on digital asset platforms offers powerful tools for investors seeking exposure to price movements with defined risk and reward profiles. This comprehensive guide outlines the key aspects of the OKX Options Trading User Agreement, designed to ensure users fully understand their rights, responsibilities, and the inherent risks involved when engaging in options and margin-based trading.

Whether you're new to derivatives or an experienced trader, this document serves as a foundational reference for using OKX’s options services responsibly and securely.

Overview of the Agreement

This Options Trading User Agreement (the “Agreement”) governs your use of the options trading service (the “Service”) provided by OKX. It forms a legally binding contract between you (“User” or “you”) and OKX — which may include the specific legal entity through which you access the platform.

By accessing or using the Service, you confirm that you have read, understood, and agreed to all terms herein — including any future amendments. If you do not accept these terms, you must immediately cease using the platform.

👉 Discover how OKX empowers traders with advanced options tools and real-time market access.

The Agreement supplements the broader OKX Terms of Service, which remain in full effect unless explicitly overridden by this document. In case of conflict, the provisions of this Agreement take precedence.

Additionally, this Agreement incorporates other critical policies such as:

All referenced materials form an integral part of this Agreement and are subject to updates at OKX’s discretion.

Eligibility and User Responsibilities

To use the options trading service, you must meet certain eligibility criteria and uphold strict compliance obligations.

Key Eligibility Requirements:

Prohibited Activities:

You agree not to use the Service for:

OKX reserves the right to suspend accounts suspected of engaging in unfair or malicious behavior, including exploitation of system vulnerabilities.

Risk Management Mechanisms

Trading options involves significant financial risk, especially when leverage is applied. To protect both users and the platform’s integrity, OKX employs several automated risk control systems:

These mechanisms are detailed in OKX’s official documentation and are considered part of this Agreement. OKX may introduce additional safeguards at any time without prior notice.

If your positions pose systemic risk to other users, OKX has the right to cancel orders or close positions partially or entirely.

How to Use the Options Trading Service

The OKX options platform enables users to buy and sell option contracts tied to digital assets. These contracts give the holder the right — but not the obligation — to buy or sell a specified amount of an underlying asset at a predetermined strike price on or before expiration.

Key Features:

For traders seeking enhanced exposure, margin trading is available. This allows borrowing of digital assets against deposited collateral (Margin), enabling leveraged positions.

To qualify for margin trading:

Orders can be placed via web interface, API, or client software. Once executed, trades cannot be canceled or modified.

👉 Explore OKX’s intuitive trading interface and start building strategic options positions today.

Interest on borrowed assets accrues hourly and is deducted automatically. Failure to maintain required margin levels may trigger liquidation or forced repayment.

Repayment and Margin Release

You may repay borrowed assets and accrued interest at any time. Full repayment releases the corresponding margin back to your available balance.

Partial repayments allow continued trading as long as minimum margin requirements are met.

In the event you stop using the Service — or if it is terminated — OKX has the right to deduct outstanding principal, interest, fees, and penalties directly from your margin holdings.

Security Interests and Collateral

When using margin services, you grant OKX a continuing first-priority security interest in all assets held in your Margin Account. This includes:

This security ensures fulfillment of your obligations under the Agreement and allows OKX to offset debts if necessary.

You warrant that:

You also irrevocably appoint OKX as your attorney-in-fact to manage collateral in case of default — including executing transfers or initiating claims.

Representations and Warranties

As a user, you affirm that:

  1. Your margin funds come from lawful sources.
  2. Assets posted are unencumbered.
  3. No legal actions affect your ability to fulfill obligations.
  4. You’re not on any government sanctions list.
  5. You will inform OKX of any changes affecting these warranties.

Breach of these representations gives OKX the right to suspend services and seek indemnification for any resulting losses.

Limitation of Liability

Risk Disclosure Summary

Digital asset markets are highly volatile. Users acknowledge that:

OKX disclaims liability for:

You bear full responsibility for all trading decisions and outcomes.

Unfair Trading Practices

OKX strictly prohibits market manipulation. If detected, it may:

No compensation will be provided for losses incurred due to enforcement actions.

Indemnification

You agree to defend, indemnify, and hold harmless OKX from any claims arising from:

This includes covering reasonable legal fees incurred by OKX in defending against such claims.

No Financial or Legal Advice

Nothing provided by OKX constitutes investment, tax, legal, or financial advice. You are solely responsible for evaluating whether a trade aligns with your financial goals and risk profile.

Always consult independent professionals before making decisions involving digital assets.

Third-Party Website Disclaimer

Links to external sites are provided for convenience only. OKX does not endorse their content, products, or privacy practices. You assume all risks when interacting with third-party platforms.

Governing Law and Dispute Resolution

This Agreement is governed by the laws of England and Wales.

Any dispute shall first undergo mediation through the Hong Kong International Arbitration Centre (HKIAC). If unresolved within 90 days, it will proceed to binding arbitration under HKIAC rules.

Arbitration will take place in Hong Kong, with three arbitrators (one appointed by each party, the third by HKIAC). Proceedings are conducted in English.

Final awards are enforceable in any competent court.

Miscellaneous Provisions

Frequently Asked Questions (FAQ)

Q: What happens if I don’t meet margin requirements?
A: OKX may liquidate part or all of your margin assets to cover deficiencies. You remain liable for any shortfall after liquidation.

Q: Are options automatically exercised?
A: Yes. In-the-money options are automatically exercised at 08:00 UTC on expiry. ATM and OTM options expire worthless.

Q: Can I get my margin back after closing a position?
A: Yes. Once liabilities are repaid or positions closed, locked margin is released back to your available balance.

Q: Does OKX offer customer support for trading issues?
A: While formal disputes go through arbitration, general inquiries can be submitted via email or phone as informal communication channels.

Q: How often are interest rates updated for borrowed assets?
A: Interest accrues hourly based on dynamic rates published on the platform under “Interest Calculation.”

Q: Can I withdraw my assets anytime?
A: Yes, subject to sufficient equity maintenance and no open positions requiring collateral. Withdrawal times may vary due to network conditions.

👉 Secure your trading future with robust risk controls and transparent fee structures on OKX.

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