Any VFA or trading position may be subject to large swings in value and may even become worthless. While cryptocurrency exchange … OKEx Q&A. ... finance ministers and central bankers from the G7 recently ruled that Libra could not be launched until it was properly regulated. The trading fees for market takers charged by OKEx are a maximum of 0.15% for spot trading, which is below the industry average of around 0.25%. While it is a good thing that the broker is regulated, the GDPR and EEA regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it … It allows users to buy and sell digital assets in all forms available on the site (spot and derivatives), view real-time streaming quotes, store crypto coins on its built-in digital wallet, deposit and withdraw funds, and subscribe to digital asset news. This could be due to the current backlogs of application the FCA has to sift through. The platforms has millions of active users in over 100 countries. There is no regulatory information on the Exchange’s website at the moment. TradingBrokers.com is for informational purposes only and not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. OKEx is a cryptocurrency exchange you should definitely consider. All in all, here are deposit and withdrawal payment methods provided by OKEx: The minimum amount required to open an account and start trading is 10 USDT or any other cryptocurrencies with an equivalent amount. However, residents of the following countries are restricted from trading with OKEx. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The risk of loss in trading or holding VFAs can be substantial. Mobile verification code for security settings and withdrawal, of funds. I am constantly analysing and scrutinising the up and coming trading apps so if you are seeking advice or if you would like me to write a robot review in particular don't hesitate to get in touch – I’m happy to help! CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Just like how Coinbase Pro represents a buttoned-up, advanced version of Coinbase, OKEx is higher on the learning curve than its more basic sister exchange OKCoin—and is aimed at experienced … While the web browser version is potentially a good option for you if you are not an active trader, you may be more comfortable using the OKEx desktop or mobile app for regular use. For those unaware, USDT is a digital token that was designed to have a 1:1 exchange rate with the Us dollar. However, it has an operational license from the Hong Kong Securities and Futures Commission. OKEx is one of the largest exchanges in the world and is currently ranked 14th by trading volume. Prices can and do fluctuate at any given moment for any reason. Once you click on the Buy button, you will be transferred to a page where OKEx offers you the best prices provided by a third party. We decided to test it to find out whether you can manage your account from the mobile app and what are the supported features. The exchange has never been hacked despite being one of the largest cryptocurrency exchanges in the world, and overall, OKEx is considered to be a safe and secure trading platform. Only proceed if you fully understand and agree to them. OKEx has recently expanded to Malta given the countries efforts to provide a sound regulatory framework for blockchain businesses and digital asset exchanges. If you are still keen to open a Bitcoin account with OKEx, follow our simple step-by-step guide below: The first step involves signing up on the platform and creating an account. OKEx is a safe cryptocurrency exchange as they use the most advanced encryption technology to secure its platform from hackers. With leading crypto derivatives platforms facing serious issues, it seems that more and more traders are looking for regulated platforms. OKEx provides a leverage ratio of 10:1 and 20:1 under the margin trading mode, and 100:1 leverages when choosing to buy tokens via perpetual swaps contracts. OKEx is compliant with the Virtual Financial Asset Act (VFAA), regulated by the Malta Financial Services Authority In 2018, it expanded crypto operations to Malta as the Maltese government has adopted an overall friendly approach to cryptocurrency trading. She used the term that Bitcoin is “conducting some funny business” without regulation. Once the funds have been automatically added to your account, you can start trading at OKEx. Staying ahead of the competition is a strategy that’s clearly working for OKEx. The platform’s deposit screen will open up, and on this page, you can choose the type of cryptocurrency you’d like to deposit to your account. Above is a look at the 24 hour volume for all spot exchanges in our coverage universe. OKEx is a global digital asset exchange that offers advanced financial services to traders word wide by using blockchain technology. Then, select one of the OKEx-supported fiat currencies and set the amount of which you wish to buy a specified crypto coin. This compensation should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. , Belize-based OKEx is a strategy that ’ s website at the moment several token and futures Commission assets... 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