Crypto derivatives. Now available.
What Are Crypto Derivatives?
Crypto Derivatives Example
How OKX Built it for Australian Retail
Eligibility - Who May Apply
Retail derivatives on OKX Australia may be appropriate for you if you meet the key criteria outlined in the cards below, including minimum financial position prior trading experience, understanding of derivatives mechanics and capacity to sustain total loss. You must be 18 years or older, an Australian resident and hold a verified OKX Australia account at the time of application. Your eligibility will be assessed through a suitability assessment covering these criteria, followed by a knowledge assessment on derivatives mechanics. For the complete target market criteria, see the Target Market Determination.
Annual income of $50,000 or more, with at least $20,000 in liquid assets.
Demonstrated experience in equities, foreign exchange, or spot cryptocurrency markets.
Working knowledge of leverage, margin, funding rates and liquidation. You will be required to pass a knowledge assessment before accessing derivatives trading.
You must acknowledge and be prepared to absorb the complete loss of any USDT deposited in your derivatives trading account.
Is this product right for you?
Retail derivatives on OKX Australia may be appropriate for you if you are 18 or older and an Australian resident, have annual income of $50,000 or more with at least $20,000 in liquid assets, have prior experience trading volatile asset classes, understand the mechanics of leverage and margin, have a high tolerance for investment risk, and are prepared to lose all of the USDT deposited in your derivatives trading account. For the complete eligibility criteria, see the Target Market Determination [link].
This product is unlikely to be appropriate for you if you are seeking capital-guaranteed or predictable returns, have no prior experience with leveraged or derivative instruments, cannot absorb the total loss of your deposited USDT, or are using funds required for essential living expenses. If any of these apply, this product is unlikely to be appropriate for your circumstances.
How to Get Started - Steps
Access to retail derivatives at OKX Australia requires completing three steps:
A few questions about your financial position, objectives, risk tolerance and trading experience. If the product is unlikely to be suitable for your circumstances, you will be ineligible and may attempt the test again after 180 days.
12 questions on derivatives, including leverage, margin requirements, funding rates and liquidation thresholds. If you do not pass, a 24-hour waiting period applies before you may reattempt the test. After 3 unsuccessful attempts, a 30-day waiting period applies before you may try again. After 5 unsuccessful attempts, access to derivatives is permanently locked and no further attempts are permitted.
USDT-margined perpetuals with up to 2× leverage are now accessible within your OKX Australia account.
Regulatory Documents
Looking for wholesale?
Często zadawane pytania
Leverage in a perpetual contract is the ratio of your total notional position value to the margin you have deposited as collateral. At the maximum of 2x on OKX Australia, a 1,000 USDT margin deposit controls up to 2,000 USDT in notional exposure. If the position moves against you beyond the maintenance margin threshold, liquidation may occur. For full details on margin requirements and liquidation mechanics, see the Product Disclosure Statement.
OKX operates a deep order book for crypto perpetual contracts. Eligible retail clients in Australia access the same underlying liquidity infrastructure as institutional and wholesale counterparts, which supports tight bid-ask spreads and consistent execution at standard retail position sizes. Liquidity conditions may vary during periods of significant market volatility, and past execution quality is not indicative of future conditions.
Trading fees, funding fees, liquidation fees and clearance fees apply. Current fee rates are published at 708lz9ho.com/en-au/fees. For a full description of all applicable fees, see the PDS. Fee schedules may be updated from time to time, and any material changes will be communicated to clients in advance.
Retail derivatives on OKX Australia are USDT-margined only. Your collateral, profit and loss are all denominated in USDT. This removes the additional complexity of crypto-margined structures where collateral value fluctuates with the underlying asset. Note that USDT is a stablecoin that aims to maintain a 1:1 value with the US dollar but is not guaranteed to do so. See the PDS for details on currency risk.
Before applying for retail derivatives access at OKX Australia, you should read the Product Disclosure Statement (PDS), which details the nature and risks of the product, the Financial Services Guide (FSG), which outlines the services provided and how OKX Australia is remunerated, and the Terms of Service, which sets out the contractual terms governing your trading relationship. A Target Market Determination (TMD) for this product is also available.
For retail clients, OKX Australia applies negative balance protection. You cannot lose more than the USDT deposited in your derivatives trading account. However, any individual position can be fully liquidated, meaning 100% of the margin allocated to that position may be lost. Liquidation alerts are designed to notify you before your position approaches the liquidation threshold, but this does not guarantee that liquidation can be avoided during periods of rapid market movement. Only commit capital you are prepared to lose entirely.
OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035) is the issuer of the derivatives products described on this page. The information on this page is general in nature and does not take into account your personal objectives, financial situation or needs. Before making any decision about these products, you should read the Product Disclosure Statement - OTC Derivatives (PDS), Financial Services Guide (FSG) and Terms of Service - Australia. A Target Market Determination - OTC Derivatives (TMD) for the Products is also available. These documents can be accessed at app.708lz9ho.com/en-au. Trading in leveraged derivatives involves significant risk. You may lose all of the USDT you have deposited in your account. Past performance is not indicative of future results.