Leverage visualizer
Compare how one market move affects the same collateral at different leverage levels.
The same collateral and market move at six leverage levels.
This comparison excludes liquidation. In practice, high-leverage positions can be closed before the simplified collateral balance reaches zero.
Leverage changes the exposure supported by your collateral. The underlying market still moves by the same percentage; your account-level result changes because the position is larger.
Read the full guideRead leverage through loss capacity
The visualizer holds collateral constant and changes notional. That isolates leverage’s effect: the same market move creates a larger currency P&L when more exposure is supported by the account.13
A live account’s effective leverage also changes as equity, collateral value, funding, and other positions change. Maximum selectable leverage is not a recommended operating level.23