Fifty times its capital on derivative products, and this within the confines of a MiCA approved platform. The equation was still a forbidden dream for European traders a few weeks ago. With its âElective Professional Programâ, OKX breaks down this barrier and offers EEA experts the same weapons as their offshore counterparts, but under the protection of an impeccable legal framework. Be careful, this sesame is not won with a simple click: between assets under management, trade history and concrete CV, the path is demanding. Let's find out together how to unlock this XXL lever.
A program designed for experienced profiles
With the âElective Professional Programâ, there is no room for amateurs! OKX does not want to send inexperienced users to the brink. The status of elective professional is a trophy that must be earned, and the platform imposes a draconian selection. For the doors to open, you must satisfy two criteria out of three, each attesting to solid experience or a substantial financial base:
First criterion: assets under management (AUM). You must have a total of at least âŹ500,000 in assets under management, which can be distributed between several platforms. A portfolio of âŹ200,000 on OKX, âŹ250,000 with a broker, âŹ50,000 in a bank account⊠the total does the trick. The only constraint: you must provide supporting documents with your name, your identifiers and the necessary amounts clearly visible. No room for approximations.
Second criterion: trading experience. You must prove that you have carried out more than 10 transactions for a total cumulative volume of at least âŹ50,000. These can be operations on OKX or on other platforms, provided that you provide the corresponding evidence.
Third criterion: professional experience. The program requires a minimum of one year of experience in trading, portfolio management, investment advisory or Risk/Compliance functions within an investment company.
In addition to these prerequisites, there are three formal obligations: pass the Knowledge Test (a questionnaire validating the understanding of derivative products), complete the derivatives appropriateness assessment (an evaluation of the suitability of the product to the investor's profile), and provide all the supporting documents necessary for validation of the file. Ready to get started? Once connected to your OKX account, the request is made here. And if you don't have an account yet, take advantage of OKX's latest promotions and welcome bonuses through this link.
X-Perps: regulated OKX derivatives for professionals
The X-Perps constitute the backbone of the âElective Professional Programâ. Marketed by OKX Europe Markets Limited, an entity authorized by the Malta Financial Services Authority (MFSA) under the MiCA Regulation, these leveraged derivative products are intended for residents of the EEA. Their singularity? An impeccable legal design, backed by the MiFID directive, which makes it a reference instrument.
Unlike traditional perpetual contracts, X-Perps include a fixed maturity date of five years. At this time, any open position is automatically settled in cash. In terms of guarantees, flexibility is essential. To open a position, you deposit margin as collateral. No need to sell your cryptocurrencies for this. X-Perps currently accept six tokens as collateral: BTC, ETH, SOL, USDC, USDG and DOGE. Two margin modes are offered:
The âselectedâ (crossed) mode: margin and profits/losses are shared between all your positions. You can open many positions, but a liquidation affects the entire account.
âIsolatedâ mode: each position has its own guarantee. Losses are strictly limited to this position, providing granular risk control.
On the leverage side, the situation changes radically compared to the offer reserved for individuals. The cap set at 10x increases to 50x for professionals certified under the program. A difference that radically transforms the risk/return equation with increased liquidation risk.
The mechanism is relentless: leverage amplifies potential gains in the same proportions as losses (with 50x leverage, an unfavorable market movement of 2% is enough to wipe out the entire margin committed).
A unique spectrum of assets
The main advantage of the X-Perps? A catalog of assets that is unlike any other. Where competing platforms are limited to cryptocurrencies only, OKX considerably broadens the horizon. Gone are the limits of the crypto ecosystem alone. Make way for an ultra-diversified basket of assets, designed for traders who want to go further.
Among the nuggets available, the shares of tech giants: Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, Tesla, etc. are accessible, without going through a traditional broker, 24/7. Enough to capture the movements of the Nasdaq without the time constraints of the stock markets.
OKX also offers major ETFs such as the SPY (S&P 500 index) and the QQQ (Nasdaq). Finally, physical markets complete this already impressive picture. Gold, a historic refuge, silver, WTI crude oil and Brent, these raw materials that drive the global economy, are also trading media accessible in a few clicks, without the logistical complexity of traditional futures contracts.
OKX, a two-speed platform for all traders
With the Elective Professional Program, OKX meets the needs of the most demanding traders by offering them 50x leverage within a regulated framework. But the platform is not limited to this elite. She has designed a complete ecosystem where each profile finds its place. Simple Mode, for example, allows individuals and beginners to learn about derivative products in complete safety, with a clean and accessible interface that uses the codes of spot trading. And the PnL Futures Center offers traders of all levels the tools necessary to dissect their performance and make lasting progress. Whether you are a professional looking to maximize your exposure or an individual wanting to discover leverage without the hassle, OKX is for you.
