Can anyone help me with leverage? - page 4

[techmac]

There are some additions to that (leverage changes and leverage used) :

- You can not change leverage if you have open positions (it will not affect opened positions)

- Your broker can change you leverage depending on your account size. If your account size "crosses" some boundaries broker can change you leverage. An example for FxOpen allowed leverages depending on account sizes:

[*=1]Leverage available for trading accounts is from 1:1 to 1:500 for accounts under 25,000 USD. From 1:1 to 1:200 for accounts under 100,000 USD. And from 1:1 to 1:100 for accounts under 1,000,000 (1 million) USD.

- Broker may apply what is called a "floating leverage". Here is an example from Alpari :

An open position of less than USD3 million nominal value carries a maximum leverage of 1:500.

An open position of USD3 million to USD5 million USD carries a leverage of 1:500 for the first 3M and a leverage of 1:200 for the remaining 2M.

An open position of USD5 million to USD10 million carries a leverage of 1:500 for the first 3M, a leverage of 1:200 for the next 2M and a leverage of 1:100 for the remaining 5M.

For open positions higher than USD10 million, the first 3M carries a leverage of 1:500, the next 2M carries a leverage of 1:200, the next 5M carries a leverage of 1:100. Everything above carries a leverage of 1:33.