Closing contract mode on the OKX platform—whether via the web version or mobile app—is a straightforward process designed to help users manage their trading preferences securely. While the interface differs slightly between devices, the core steps remain consistent: close all open positions, navigate to the appropriate settings, and confirm the action with your funding password. This guide walks you through both methods in detail, ensuring a smooth and safe experience.
Whether you're transitioning away from derivatives trading or simply want to reduce exposure, understanding how to properly disable contract mode is essential. Importantly, doing so does not erase your trading history or affect other account functions like spot or P2P trading.
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Understanding Contract Mode on OKX
Contract mode enables users to engage in futures and perpetual contracts—financial instruments that allow speculation on price movements without owning the underlying asset. However, not all users wish to maintain access to these leveraged products indefinitely. Some may prefer to disable the feature for risk management, compliance, or personal strategy reasons.
When you close contract mode:
- All active contract positions must first be settled.
- You will no longer be able to open new contract trades.
- Historical records of past transactions are preserved.
- Spot trading, savings, and other non-contract services remain fully functional.
This separation ensures flexibility and safety for users managing multiple types of digital asset activities.
How to Close Contract Mode on OKX Web Version
The desktop experience offers a more expansive view of your portfolio and settings, making it ideal for users who prefer precision during account adjustments.
Step 1: Close All Open Contract Positions
Before disabling contract mode, you must fully exit any open positions. Navigate to the Contracts section and either manually close each position or use the "Close All" (one-click liquidation) function if available. Ensure your position list shows zero open contracts.
Step 2: Access the Contracts Trading Page
Log into your OKX web account and click on "Contracts" in the main navigation menu. This brings you to the primary derivatives dashboard.
Step 3: Open Trade Management Settings
On the contracts page, look for a tab labeled "Trade Management", typically located at the top or right side of the screen. Clicking this opens advanced account controls related to contract functionality.
Step 4: Select “Close Contract Mode”
Within Trade Management, locate the option labeled "Close Contract Mode". It may appear as a button or toggle switch depending on UI updates.
Step 5: Confirm With Funding Password
A security prompt will appear, requiring you to enter your funding password. This step verifies your identity and protects against unauthorized changes. After entering the correct password, click Confirm.
You’ll receive a success message once the process completes. Contract mode is now disabled.
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How to Close Contract Mode on OKX Mobile App
The mobile app provides streamlined access for users on the go, with an intuitive layout that mirrors the web version’s logic.
Step 1: Liquidate All Contract Positions
As with the web version, ensure all open futures or perpetual contracts are closed. Use the "Close All" feature if multiple positions exist.
Step 2: Enter the Contracts Section
Open the OKX app and tap "Contracts" from the bottom navigation bar. This leads you directly to your derivatives interface.
Step 3: Go to Account Settings
In the upper-right corner of the contracts screen, find the profile icon or "Account" button. Tap it to access personal settings and configuration options.
Step 4: Locate Contract Mode Option
Scroll through your account settings until you see "Contract Mode". This setting indicates whether derivatives trading is currently enabled.
Step 5: Choose “Close Contract Mode”
Tap the contract mode entry and select "Close Contract Mode" from the dropdown or popup menu.
Step 6: Authenticate With Funding Password
Enter your funding password when prompted. Upon verification, the system disables contract trading capabilities immediately.
A confirmation message confirms successful deactivation. From now on, you won’t be able to initiate new futures trades unless you re-enable the mode.
Frequently Asked Questions (FAQ)
Q: Will my historical contract records be deleted after closing contract mode?
A: No. All past contract transaction records remain securely stored in your account history for future reference.
Q: Can I re-enable contract mode after closing it?
A: Yes. You can reactivate contract mode at any time through the same path—either on the web or app—by selecting "Enable Contract Mode" and verifying with your funding password.
Q: Does closing contract mode impact my spot wallet or other balances?
A: Not at all. Your spot holdings, staking assets, and P2P funds are unaffected. Only derivatives-related functions are disabled.
Q: What happens to my unrealized P&L when I close contract mode?
A: Any unrealized profit or loss must be settled before closure. Since you're required to close all positions first, there will be no outstanding P&L at the time of deactivation.
Q: Is it safer to disable contract mode if I’m not actively trading?
A: Yes. Disabling contract mode reduces attack surface and prevents accidental leveraged trades, especially useful for long-term holders or beginners focusing on spot markets.
Q: Do I need KYC verification to reopen contract mode?
A: If you previously completed KYC, you generally won’t need to repeat it. However, regulatory requirements may vary by region, so ensure your account remains compliant.
Final Thoughts
Turning off contract mode on OKX—via either the web or mobile platform—is a simple yet powerful way to take control of your trading environment. By following the correct sequence—closing positions, navigating settings, and confirming with your funding password—you ensure both security and continuity.
Whether you're simplifying your interface or stepping back from high-risk strategies, knowing how to manage this setting empowers smarter decision-making.
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