How to Change Leverage on Exness?(All Your Answers Here)

Should You Change Leverage on Exness?

Before you attempt leverage trading, you need to understand what exactly it is and how you can use it to amplify your potential profits. So, let’s start with the basics: what is leverage?

Simply put, it is a feature on trading platforms that lets you open larger orders or trading positions than you would normally be able to with your available account balance. There is a common misconception that it is a loan since you’re trading with more money than you have, but that is not the case. It is simply a ratio of your available funds to the highest amount you can trade with.

The amount of leverage you can use depends on various factors, including the instrument you’re trading with, your account balance, and the state of the market.

There are many upsides to using leverage, such as potentially increasing your profits. Let’s consider this using a simple thought experiment.

Say you make an average of 200 orders every three months without leverage, and each order is worth $2. If your success rate is 60% and we take into account gross profit and gross loss, your total quarterly profit would be around $80. However, if you used a leverage of 1:100, your profit would be $8000.

But this is only possible if your success rate far outweighs your late rate. If we were to reverse the situation, and you had a loss rate of 60% on all those trades, you would incur a quarterly loss of $8000 instead.

So, while leverage trading is a great way to amplify your profits, it could backfire if you consistently make bad trades.

Exness Leverage Rules

Now that we’ve covered what leverage is and how to use it to amplify your profits let’s discuss Exness’s leverage rules. Here are a few things you should know.

Maximum Leverage

This refers to the highest amount of leverage you can trade with on Exness. The leverage settings on Exness range from 1:2 to unlimited for all trading account types, while the maximum leverage depends on your trading account’s leverage requirements. The trading account’s leverage requirement is determined by its current equity, but you can set your own leverage for the account.

That said, the maximum leverage on Exness is 1:100, except for Kenyan users, who can access up to 1:400 leverage. Furthermore, the leverage can be fixed or changeable depending on the trading instrument. More on that shortly.

Leverage on Trading Instruments.

As I mentioned earlier, some trading instruments have fixed leverage while others dont. An example of a trading instrument with fixed leverage is cryptocurrencies, while forex and other trading instruments have changeable leverage.

Additional Information

Here are some other factors that affect the availability of leverage on Exness. One is your account balance. The maximum amount of leverage available for your account decreases as your balance increases. If your account balance exceeds $1000, you will be unable to use unlimited leverage.

Another is major market news. Shortly after the release of major news reports like the American job report, the maximum available leverage becomes 1:200 for most trading instruments.

Finally, other platform features, such as Portfolio Management and Social Trading, become unavailable when trading with leverage.

How to Change Leverage on Exness?

If you want to change or manage your leverage settings on your Exness account, follow these simple instructions.

• Login to your Exness account and navigate to the Personal Area page.
• Inside the Personal Area page, click on the three-dot icon beside your chosen trading account. Select Change max leverage from the options displayed.
• Once you do this, a dropdown that will allow you to set your leverage. Choose your preferred leverage from the options provided (1:2 to 1:Unlimited).
• You can also set a custom value by clicking Custom in the dropdown. Do this and enter your preferred value.
• Once you’re done setting a value, click the Set maximum leverage button to complete the action.

Final Words

Leverage trading is a great feature that allows you to amplify your profits on a trading platform. If you use it wisely, you can vastly increase your potential winnings.

Before attempting leverage trading, ensure you are familiar with all the broker’s rules. For instance, leverage trading is available to some trading instruments and unavailable to others. There is also a maximum amount of leverage available per broker.

There are also some factors that can affect leverage that you should pay attention to, such as major market news. Ensure you are familiar with how leverage works on a broker before trying it. Sign up for Exness here!