OKX Futures
OKX
One of the largest derivatives platforms, offering over 400 futures pairs, MiFID II compliance in the EU and competitive fees. In 2025, however, it was hit with a $505M AML fine and remains unavailable in the United States.
Worth it if you trade derivatives and want a venue with MiFID II compliance and 400+ futures pairs.
Avoid it if you trade from the US, or the 2025 AML fine is a dealbreaker.
Data & conditions
| Maker / Taker fee | 0.02% / 0.05% |
|---|---|
| Markets | Derivatives |
| Max leverage | 125× |
| Supported assets | 350+ |
| Trading pairs | 400+ |
| 24h volume | $15B |
| Fiat on-ramp | Yes |
| Deposit methods | bank_card, crypto_wallet_transfer, p2p_c2c, google_pay, apple_pay, bank_transfer |
| Geo restrictions | USA (previously restricted; relaunched April 2025 with MSB licenses), Canada (some provinces), Singapore (derivatives restricted for retail) |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA, APAC, LATAM, MENA · 60+ countries |
| Regulator | VARA, MAS, ASIC, state MTL |
| OAM Italy registration | No |
| Segment | B2C |
| Past incidents | [object Object] · [object Object] · [object Object] · [object Object] · [object Object] |
| MiCA / License status | VASP, MiCA, MPI MiCA + MiFID II (Malta) — EU regolamentato unico |
Strengths
- #2 futures; MiFID II compliance EU; 400+ pair futures; fee competitive.
- No notable sovereignty advantage documented.
Weaknesses
- Fine AML 2025; no US.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (MiCA + MiFID II (Malta) — EU regolamentato unico): reporting to authorities and freezes on order.
- Geographic restrictions (USA (previously restricted; relaunched April 2025 with MSB licenses), Canada (some provinces), Singapore (derivatives restricted for retail)).
Verdict
The A rests on one of the largest derivatives platforms, with over 400 futures pairs, MiFID II compliance in the EU and competitive fees (0.02%/0.05%). Holding the score back are the $505M AML fine of 2025, the unavailability in the US and leverage of up to 125x that stays risky for the average user.
On this lens OKX is worth little: it is custodial and full-KYC, and the 2025 AML mega-fine underscores how integrated the platform is in the regulatory perimeter the crypto-native tries to sidestep. Depth and compliance are not self-custody.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
What are OKX Futures's fees?
On OKX Futures, spot fees are maker 0.02% / taker 0.05%. They drop with monthly volume and VIP tier.
Is OKX Futures regulated in Europe?
Regulatory status of OKX Futures: MiCA + MiFID II (Malta) — EU regolamentato unico.
Does OKX Futures publish Proof of Reserves?
Proof of Reserves publication is not documented for OKX Futures. No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.
Can I send transfers to third-party IBANs from OKX Futures?
No, OKX Futures is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.
Does OKX Futures support derivatives and futures?
OKX Futures offers derivatives trading, with up to 125x leverage.
Sources
- Official service page Maker/taker fees · Regulatory framework · Derivatives Data verified on Jun 13, 2026
- caproasia.com Valutazione · Investors Data verified on Jun 14, 2026
- coinlaw.io Proof-of-Reserves · Volume data Data verified on Jun 14, 2026
- coinwire.com Trading pairs · Num asset Data verified on Jun 14, 2026
Show 5 more sources
- datawallet.com Past incidents Data verified on Jun 14, 2026
- github.com Trustpilot reviews Data verified on Jun 14, 2026
- odaily.news Volume 24h Data verified on Jun 14, 2026
- tradersunion.com Deposit methods Data verified on Jun 14, 2026
- zipmex.com Founders · Hq · Licensing Data verified on Jun 14, 2026
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