OKEX Futures Trading Questions and Answers

You need to pass the test to use OKEX's futures trading platform. Here are questions and answers. The answer is in bold.

1.By using 10x leverage, forced liquidation will be triggered when your loss is accounted to position margin by:
90% 80%
Answer: 90%

2.By using 20x leverage, forced liquidation will be triggered when your loss is accounted to position margin by:
90% 80%
Answer: 80%

3.Estimated liquidation price is the computed market price of holding positions with the condition of the margin hits 0%.
Correct Incorrect
Answer: Correct

4.Liquidation price is the price of losing all position margin (fixed-margin) / equity balance (cross-margin)？
Correct Incorrect
Answer: Incorrect

5.What is the use of Insurance Fund?
To cover the loss when the forced liquidation price is unable to execute in the market
Nothing in particular
Answer: To cover the loss when the forced liquidation price is unable to execute in the market

6.When could the realized profits be withdrawn?
Anytime
After the settlement at 16:00 (Hong Kong Time, UTC+8) on every Friday
Answer: After the settlement at 16:00 (Hong Kong Time, UTC+8) on every Friday

7.Why the unrealized profits and losses have become zero after settlement?
UPL had already transferred to equity balance (cross-margin) / margin (fixed-margin) after weekly settlement
The unrealized profits and losses will not become zero
Answer: UPL had already transferred to equity balance (cross-margin) / margin (fixed-margin) after weekly settlement