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      【Trader】opening and closing restrictions

      OKX's logo OKX

      1. Opening leverage limit

      After the trader has the right to take a single, when trading a specific contract with a single target, the opening and closing of positions will be subject to certain restrictions, specifically, when opening a position, when the trading contract is BTCUSDT, the leverage multiple cannot exceed 100X, and when trading other contract targets, the leverage multiple cannot exceed 50X.

      Contract
      Maximum leverage
      BTC
      100x
      ETH、XRP、SOL、ADA、DOGE、LTC、DOT、EOS、ETC
      50x

      2. Close position limit

      For contracts with orders, traders need to follow certain requirements when position squaring

      In the open and close mode, when a trader holds the Positioning of a contract target, he cannot directly customize the number of position squaring from the Positioning, he can choose [full market price], or position squaring one by one or all position squaring under the [single] Tab; at the same time, the trader cannot directly level the warehouse receipt in the order area. After placing an order, the system will prompt "Your current identity is a trader with a single order, please select full market price or position squaring in the single area";

      13.png

      14.png

      In the buying and selling mode, when a trader holds a certain contract target Positioning, he cannot directly place any order in the opposite direction in the order area, such as when a trader holds a long position of BTCUSDT, he cannot directly place a sell order of BTCUSDT.

      3. Maximum position limit

      Lead trader and copy trader under their names have maximum position limits under different targets. When the overall position exceeds the limit value, traders can still continue to open positions, but copy traders won't continue to open orders. The specific restrictions are as follows:

      Underlying assets
      Maximum position value
      ETH、BTC
      Long/short each 3,000,000USDT
      XRP、SOL、ADA、DOGE、LTC、DOT、EOS、ETC
      Long/short each
      5,00,000USDT
      Read the original article at okex

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