What Are X-Perps in Simple Mode? OKX's Simple Way to Trade Leverage

Before opening your first position, you must complete OKX's appropriateness assessment, a short questionnaire required by regulation to confirm you understand how leveraged products work.

TL;DR:

• Open and close in a few taps and adjust positions with one swipe

• Easily set up SL/TP (Stop Loss and Take Profit)

• Leverage goes up to 10x, with 3x applied automatically unless you change it

• You get access to over 80 markets: crypto, stocks, commodities, and ETFs

• When opening a position, your entry price is locked before you confirm the trade, so there is no price slip when opening a position. Closing works the same way, you just see your profit or loss instead of a price to confirm.

• You can add a take-profit and stop-loss at the same time you open the trade

• You settle in USD, USDC, or USDG

• You must pass OKX's appropriateness assessment before you can trade X-Perps in any mode

• X-Perps in simple mode are available in-app only, in the same simple mode you already know

• OKX Europe Markets Ltd, regulated by the Malta Financial Services Authority, operates the product for EEA traders

X-Perps in simple mode is built for OKX users who want to open a leveraged position in a few taps, right from their phone, without learning a new screen. Instead of learning a new order-book screen, you pick long or short, set your leverage, and lock in your entry price from the same simple mode layout you already know how to use. X-Perps in simple mode settle in USD, USDC, or USDG, so you choose your settlement currency when you open the trade.

The main difference is the screen you trade on, not the product itself. X-Perps in simple mode and regular X-Perps trade the exact same underlying contract, with the same leverage cap of up to 10x and the same regulatory oversight from OKX Europe Markets Ltd. The difference lies in how much control you have over the trade setup and how much knowledge is required before placing a trade.

Simple Mode X-Perps is built to get you into a position in a few taps. You pick long or short, easily set up Stop Loss and Take Profit (SL/TP) before confirming your order and leverage is set to 3x by default.

When you open a position, OKX gives you a fixed price to review before you confirm. This is the price you'll get, with no slippage.

When you close a position, the same locked-price mechanism runs behind the scenes, but instead of showing you a quote to confirm, OKX shows you your profit or loss directly. Either way, the price behind your trade is locked in advance, not picked up from a live, moving market.

That's the trade-off Exchange mode makes in the other direction. Where Simple Mode sets your leverage, locks your price, and lines up your exits for you, Exchange mode hands you manual control over all of it: a full order book, a live mark price (a fair-value price OKX uses to check your position, separate from the last traded price), and your own choice of margin mode. You get more to configure, but also more control over exactly how your trade executes.

If you outgrow the simple mode layout, you can switch to Exchange mode from inside the app to get the full order book, manual margin control, and live funding rate detail.

Yes. X-Perps in simple mode lets you pick long or short right on the simple mode screen before you open your position. Choose long if you expect the price to rise, or short if you expect it to fall.

Before you confirm opening an X-Perps position in simple mode, OKX shows you a fixed price for that trade. Once you confirm, your position opens at that exact price. Because the price is locked before you confirm, you never end up with a worse fill than the price you saw on screen.

Yes. X-Perps in simple mode lets you add a take-profit and a stop-loss at the same time you open your position. A take-profit closes your trade automatically once the price hits a target you set, and a stop-loss closes it automatically once the price hits a loss limit you set.

You get access to over 80 markets on X-Perps in simple mode spanning crypto, stocks, commodities, and ETFs. X-Perps in simple mode opens up the simple mode layout to asset classes beyond crypto too.

1. Open the OKX app and go to the simple mode screen you already use for spot trading

2. Complete the appropriateness assessment if you have not done so already. This is required before you can trade any X-Perps

3. Pick the market you want to trade from the available X-Perp markets

4. Choose long or short and set your leverage, up to 10x

5. Confirm your locked entry price to open the position

6. Add a take-profit and stop-loss if you want to, right when you open the trade

7. Switch to Exchange mode inside the app whenever you want the full order book and more control