Hello!
I'm about to open a micro ($3k) account with EFX Group, but I have just found out, that the only leverage I can trade with is 100:1. And it is fixed.
I'm still new to all of this, but I'm wondering, if all (or most) brokers impose a fixed leverage, or do they let you adjust the leverage for each trade individually?
I wasn't planning to use a higher leverage than 10:1, but the support guy at EFX told me, that if I don't like the 100:1 leverage, I can trade a smaller position.
So, if I would trade with a smaller position, could I adjust it so that it would be the "same" as if I would trade with a 5:1 leverage, instead of 100:1?
Any help would be much appreciated.
I'm about to open a micro ($3k) account with EFX Group, but I have just found out, that the only leverage I can trade with is 100:1. And it is fixed.
I'm still new to all of this, but I'm wondering, if all (or most) brokers impose a fixed leverage, or do they let you adjust the leverage for each trade individually?
I wasn't planning to use a higher leverage than 10:1, but the support guy at EFX told me, that if I don't like the 100:1 leverage, I can trade a smaller position.
So, if I would trade with a smaller position, could I adjust it so that it would be the "same" as if I would trade with a 5:1 leverage, instead of 100:1?
Any help would be much appreciated.