You can adjust your account trading mode to fit your trading strategies or goals.
To change the trading mode setting, you will need to go to Margin & Futures settings.
Web:
Mobile:
An account can only use one trading mode at a time. If you wish to use different trading modes, you can achieve it by using Subaccounts.
Please check out our ▶ Subaccount Guidelines
Trading Mode introduction
Trade Spot Only:
This is the most simple way of trading, we recommend beginners to start their journey from this mode.
In Trade Spot Only, you can only trade with the tokens you already have and are not able to borrow.
You are also not able to trade with leverage in this mode.
However, at the same time, you won’t need to worry about the margin ratio and the loan from borrowing.
Trade Spot & Margin:
Trade Spot & Margin mode allows you to trade spot trading pair with x3 to x5 leverage. You can also short tokens by borrowing.
Before trading with this mode, we recommend you read through the following articles to understand the risks and learn about how to control them:
- ▶ What are the leverage ratio and margin ratio in margin trading?
- ▶ How do I calculate the margin liquidation price?
- ▶ How to manage risk (vault, subaccount, TP/SL)
Trade Spot & Futures:
Trade Spot & Futures (TP/SL) mode allows you to trade PERP pairs with up to 20x leverage. You can short PERP pairs in this mode by borrowing, but you can’t short Spot pairs or apply leverage in Spot pairs.
Before trading with this mode, we recommend you read through the following articles to understand the risks and learn about how to control them:
※ Note: Users should be aware of the associated risks in the fluctuating market. WOO X is not responsible for any direct or indirect losses.