Understanding OKX Contract Mode
Contract Mode on OKX is a leveraged trading feature allowing users to speculate on cryptocurrency price movements with amplified potential gains/losses. Key aspects include:
- Types of contracts available
- Leverage ratios and associated risks
- Liquidation triggers and risk management
Step-by-Step Guide to Disable Contract Mode
Step 1: Access Account Settings
- Log in to your OKX account
- Navigate to "Account Settings" (top-right corner)
- Locate "Contract Mode" under "Trading Settings"
Step 2: Disable Contract Mode
- Verify if Contract Mode is active
- Click the "Disable" option
- Confirm your action
👉 Learn advanced trading strategies after disabling contracts.
Important Precautions
Before disabling:
- All pending contract orders will cancel
- Open positions will liquidate
- Unrealized P/L will settle
Post-Disabling Actions
- Verify successful deactivation
- Check order history for canceled contracts
- Review position history for liquidations
- Monitor account balance changes
Recommended Follow-up Steps
- Transfer remaining funds to spot wallets
- Reassess your risk tolerance
- Adjust trading strategies accordingly
Troubleshooting Common Issues
| Problem | Solution |
|---|---|
| Missing Contract Mode option | Ensure you're logged into correct account tier |
| Unresponsive disable button | Refresh page or contact OKX support |
| Residual positions after disabling | Check history or contact support |
| Delayed P/L settlement | Allow few hours processing time |
| Spot trading access issues | Verify spot trading is enabled in settings |
FAQ Section
Q: Can I reactivate Contract Mode later?
A: Yes, you can re-enable it anytime in Account Settings.
Q: Will disabling affect my spot holdings?
A: No, only contract positions are impacted.
Q: How long does liquidation take?
A: Typically completes within minutes under normal market conditions.
Q: Are there fees for disabling?
A: No, but regular trading fees apply to final settlements.
👉 Master safe trading practices with our comprehensive guides.
Remember: Contract trading involves high risk. Only trade with funds you can afford to lose. Consider practicing with spot markets or demo accounts first.