OKEx is a cryptocurrency exchange launched in 2014 to provide financial services to traders globally using blockchain technology. The Exchange operates from Malta and is regarded as one of the top digital asset exchanges by trading volume, serving millions of users in over 100 countries. They provide their traders with a web-based trading platform and a mobile app for trading multiple cryptocurrencies, including Bitcoin, Ethereum, Ripple, Tether, Bitcoin Cash, Litecoin, OKB, and more. Traders are also provided with trading tools, educational resources, and a client support team. The Exchange offers a live account with variable spreads, maximum leverage of 1:100, and an initial opening balance of $1.
OKEx Review Introduction
In this OKEx review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including OKEx.
OKEx Platforms & Tools
OKEx provides traders with a centralized exchange trading platform for trading virtual financial assets, cryptographic tokens, or digital tokens and their derivatives. It is an order-matching platform that automatically matches users’ trades with open orders from other users according to pre-established criteria. The Exchange makes the platform available as a WebTrader that can run directly on most modern web browsers and a mobile app that is compatible with mobile devices running on Android and iOS devices. The mobile app can be downloaded from the relevant app stores and can be helpful to those who wish to trade on the go.
Trading tools, like OKEx API, EARN Program, Pool, and OK Vault Web Wallet, are available to enhance the overall trading experience of traders.
OKEx Research & Education
There is a trading academy on the Exchange’s website where traders can get video walkthroughs, quick tutorials, and trading articles to improve their trading knowledge. There is also the press room, which contains news and updates that keep traders informed about the factors that move the financial markets.
OKEx Trading Accounts
OKEx offers a single live trading account to trade the available multiple cryptocurrencies using the provided trading platform. The account requires a minimum opening balance of just $1.
OKEx Account Funding
The Exchange accepts a range of payment methods. The method available to you depends on the currency your account is denominated in. They include:
- INR: Bank Transfer, and UPI
- VND: Bank Transfer
- CNY: Bank Transfer, WeChat Pay, and AliPay
OKEx Customer Service
OKEx offers a knowledgeable customer support team that is available 24/7 and can be reached via email and a range of social handles: Telegram, Twitter, Facebook, Weibo, and others.
OKEx is the brand name of Aux Cayes FinTech Company Limited, which is a company registered in Seychelles. There is no regulatory information on the Exchange’s website at the moment. Most experts would advise against trading with an unregulated Exchange as they cannot offer the same protection to investors that a regulated one can.
OKEx Review Summary
OKEx is a crypto exchange that provides its traders with spot trading services, offering multiple cryptocurrencies for trading online via a centralized trading platform that is available in web and mobile versions. Clients also get access to some useful tools and educational resources. However, the Exchange is not regulated by any reputable regulatory authority at the moment.
It is worth mentioning that some of the trading products and services in this OKEx review may differ or not be available to traders in some countries due to regulations. As broker’s terms can change over time, please verify all information is up to date directly from the OKEx broker website which you can visit by using the link below.
Trading of virtual financial assets (VFAs) involves significant risk. The risk of loss in trading or holding VFAs can be substantial. You should therefore carefully consider whether using the spot services or additional services is suitable for you in light of your financial condition.