What is a Unified Account?
Unified account is a brand-new trading system launched by OKEx，through which users can trade spot and derivatives simultaneously in multiple currencies by one account without transfer funds back and forth between multiple accounts, making the trading process much easier. Moreover, users’ profits and losses generated from different business lines can offset each other, significantly improving the use of funds. The unified account includes three new account modes: Simple, Single-currency margin, and Multi-currency margin, which can meet the diverse needs of all users. The following is a detailed introduction of the three account modes:
|
Account mode |
Access |
Requirements |
|
Simple |
You can trade:
*Margin trading is not available in this mode. |
This mode will be activated by default for the first use. |
|
Single-currency margin |
You can trade:
Margin mode you can choose:
* In single-currency cross margin, all trading products that settled with the same currency will share the margin, and the generated profits and losses can offset each other. |
Take a quiz and activate the mode. |
|
Multi-currency margin |
You can trade:
Margin mode:
*Multi-currency cross mode allows users to share margin and offset profits and losses between derivatives. |
Unified account equity is greater than or equal to 10,000 dollars. Take a quiz and activate the mode. |
How to set up account mode?
Users can select account mode in the "Settings"-"Account mode". If there are any pending orders or positions in the current account, the mode cannot be switched until all pending orders are cancelled and all positions are closed. If the selected account mode is not activated, users need to finish relevant steps such as taking a quiz to activate the mode.
After logging in to the sub-account, users can set up the account mode of sub-account separately. Users who have multiple sub-accounts can go to the sub-account management page to set the account mode after logging in to their master accounts. The range of account modes that can be set for all master and sub accounts are the same, and different modes can be set for different sub accounts.