OKX offers a Simple mode for its X-Perps contracts that replicates the spot trading interface, allowing users to take long or short positions with leverage up to 10x, defaulting to 3x. The RFQ mechanism locks the entry price and prevents slippage at both opening and closing, while take-profit and stop-loss orders can be configured from the moment a position is opened. The platform provides access to over 80 markets including technology stocks, major ETFs such as SPY and QQQ, as well as commodities like gold, silver and crude oil, settled in USD, USDC or USDG. Targeted at eligible users in the European Economic Area under MiCA regulation, the offering competes with Kraken and its xStocks, notably by enabling direct trading without the 1% conversion fee. Beyond Simple mode, OKX provides a more technical Exchange mode for advanced traders looking to refine their strategies.
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