How to permanently close contract trading on Ouyi APP?

To permanently close your contract trading account on the Ouyi APP, log in, navigate to Account Settings, find Contract Trading settings, initiate the closure process, and confirm the closure after reviewing the risks and consequences.

Jan 27, 2025 at 10:30 am

**Key Points:

**

• Permanently closing a contract trading account on the Ouyi APP involves several steps.
• These steps include logging in, navigating to the account settings, finding the contract trading settings, and initiating the closure process.
• It's important to note that once a contract trading account is closed, it cannot be reopened, and any open positions or pending orders will be liquidated.

Step-by-Step Guide to Permanently Close Contract Trading on Ouyi APP:

1. Log In:

Launch the Ouyi APP and enter your login credentials to access your account.

2. Navigate to Account Settings:

Tap on your profile icon in the top-left corner of the screen. From the menu that appears, select "Account Settings."

3. Find Contract Trading Settings:

Scroll down the Account Settings page and locate the "Contract Trading" section. This section contains various settings related to contract trading, including the option to close your trading account.

4. Initiate Closure Process:

Tap on the "Close Account" button within the Contract Trading settings. A pop-up window will appear, prompting you to confirm your request.

5. Confirm Closure:

Thoroughly review the information in the pop-up window, including any potential risks or consequences of closing your account. If you're certain about closing the account, tap on the "Confirm Closure" button.

6. Complete Closure:

Once you confirm the closure, the process will be completed. Your contract trading account will be closed permanently, and you will no longer be able to trade contract instruments on the Ouyi platform. Please note that any open positions or pending orders will be liquidated as part of the closure process.

FAQs:

• Q: Can I reopen my contract trading account after closing it?
• A: No, once a contract trading account is closed, it cannot be reopened.
• Q: What happens to my open positions and pending orders when I close my account?
• A: All open positions and pending orders will be liquidated as part of the account closure process.
• Q: Will I lose my funds if I close my contract trading account?
• A: No, your funds will not be lost when you close your contract trading account. However, if you have any open positions that are in a loss, you may incur losses during the liquidation process.
• Q: How long does it take to close a contract trading account?
• A: The account closure process typically takes a few minutes to complete. However, it may take longer depending on the volume of pending orders and the volatility of the markets.
• Q: Can I close my contract trading account if I have a bonus balance?
• A: Yes, you can close your contract trading account even if you have a bonus balance. However, you may need to meet certain withdrawal requirements before the closure can be processed. Please refer to the Ouyi platform's FAQ or contact customer support