TradFi X-Perps Introduction FAQ

What are Stocks, Oil, Gold and Silver X-Perps?

A Stocks, Oil, Gold and Silver X-Perp is an expiry futures contract offered by us that tracks the price of an underlying asset, such as a US stock, ETF, or commodity, without transferring ownership of that asset. X-Perps are UM-margined, meaning positions are funded and settled in USD, USDC, or USDG. They have a maximum term of five years and use a funding rate mechanism to keep the contract price anchored to the underlying index price.

How are Stock X-Perps different from buying shares?

When you trade an OKX X-Perp, you are trading a derivative contract that tracks the economic performance of the underlying share. You do not own the share. You do not receive shareholder rights, voting rights, or dividends. What you own is the position itself, a contractual claim on price performance, entitling you to the profit or loss from closing the position, plus any funding rate receipts or obligations while the position is open.

How are Index X-Perps different from investing in ETFs?

OKX X-Perps like SPYUSD Perp and QQQUSD Perp track the price of an ETF unit but do not give you ownership of the ETF units themselves. You do not receive ETF holder rights or dividends. OKX X-Perps are built for price exposure and trading, not fund ownership or income generation.

How are Oil, Gold and Silver X-Perps different from buying commodities?

OKX X-Perps provide price exposure to commodities including Gold, Silver, WTI Crude Oil, and Brent Crude Oil. They do not involve physical delivery or ownership of the underlying commodity at any point. Trading GOLDUSD Perp does not mean you own physical gold. No storage, custody, transport, or delivery logistics apply.

Why trade OKX X-Perps?

OKX X-Perps allow eligible users to trade selected TradFi markets without opening a separate stock brokerage or commodity futures account. X-Perps support 24/7 trading, long and short positions, and leverage of up to 10x for EEA retail users (as of 9 June 2026). This allows users to rotate capital between crypto and TradFi-linked markets from one platform. X-Perps carry risks including funding fees, liquidation risk, and potential price divergence outside traditional market hours.

Is there a minimum amount needed to start trading X-Perps?

The minimum lot size for all OKX X-Perps contracts is 0.01 contracts. The actual margin required depends on the price of the underlying asset and the leverage selected. Users should check the OKX trading interface for the current margin requirement before placing an order.

Can I lose more than I deposit?

In standard isolated margin mode, the maximum loss on an OKX X-Perp position is the margin allocated to that position, liquidation is triggered before the account balance reaches zero, subject to maintenance margin requirements. OKX X-Perps use the same risk and liquidation framework as OKX's standard crypto contracts.

Disclaimer: OKX X-Perps are leveraged derivatives. Leverage can amplify gains and losses. Losses may occur quickly and these products may not be suitable for all investors. OKX X-Perps provide price exposure only and do not provide ownership of the underlying asset. OKX Europe Markets Ltd is authorised and regulated by the Malta Financial Services Authority (MFSA) under the Investment Services Act (Chapter 370 of the Laws of Malta), Licence No. OEML-15905.