Leverage

Exposure greater than the collateral allocated to a position.

Leverage allows market exposure to exceed the margin posted. It magnifies changes in equity relative to that margin and does not reduce the economic risk of a position. Set size from a risk budget rather than maximum buying power.

All educational content is provided for general information and educational purposes only. It does not constitute investment advice, financial advice or a recommendation to buy or sell any financial instrument. Trading leveraged products involves significant risk and may result in the loss of invested capital.