What is leverage? Example 1:200

ed4474  

Could someone please explain to me ?

By the way, do we need to pay taxes before any withdrawals being made on our trade account?

Luigi Maria Luna  
Hey. 
Yes you have to pay taxes accoording to your nation laws. 

Leverage means that your broker lends you money to increase your buying power.
Enrique Dangeroux  
ed4474:

Could someone please explain to me ?

By the way, do we need to pay taxes before any withdrawals being made on our trade account?

No, you pay tax to your government. Only scam brokers collect tax.

Reason: