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Essential

Leverage

Using borrowed capital to increase the potential return of an investment. Amplifies both gains and losses.

Quick answer

Leverage is borrowed buying power. At 30:1, $1,000 controls $30,000 of position. It multiplies profit and loss in both directions, which is why regulators cap retail leverage.

Definition

Leverage allows traders to control a larger position with a smaller amount of capital. For example, 100:1 leverage means $1,000 controls $100,000 in the market. While leverage amplifies profits, it equally amplifies losses. The trade-off is direct: leverage does not create profit, it scales whatever happens to your position. A 1% move against you at 30:1 is a 30% loss on your deposit, which is why the highest leverage offers come from the least regulated brokers.

How It Works

  • 100:1 leverage: $1,000 margin controls $100,000
  • 50:1 leverage: $2,000 margin controls $100,000
  • Higher leverage = higher risk and reward
  • Margin is the collateral required

Types of Leverage

Forex Leverage

Often 30:1 to 500:1 depending on regulation

CFD Leverage

Varies by instrument (stocks, indices, commodities)

Crypto Leverage

Typically 2:1 to 100:1

Trading Tips

1

Regulated brokers have leverage limits (EU: 30:1 forex)

2

Start with lower leverage as a beginner

3

Higher leverage increases margin call risk

Sources

  • ESMAEU retail leverage limits (30:1 major FX)
  • FCAUK leverage and client-money rules
  • InvestopediaDefinition and worked example
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