During specific periods (such as major news events or market open/close), a temporary maximum leverage limit is applied to certain products. If your current leverage is already lower than the temporary limit, nothing changes for you. However, if your leverage is higher than the cap, we will temporarily cap it. This primarily affects the margin required to open new trades during these specific windows:
| Product | Dynamic Leverage |
| Forex & gold | 1:200 |
| Silver | 1:50 |
| Oil | 1:20 |
| Indices | 1:50 |
| Commodities (including XPT and XPD) | 1:05 |
Example A: Original leverage is higher than the leverage limit
- Scenario: A client opens 1 lot of gold (XAUUSD) 5 minutes before the NFP data release (assumed price: $3,000)
- Original leverage: 1000:1
- News-period leverage: Automatically reduced to 200:1
- Normal margin calculation: 3,000 × 100 (contract size) ÷ 1000 = $300 (margin required)
- News-period margin calculation: 3,000 × 100 (contract size) ÷ 200 = $1,500 (margin required)
Difference: Under normal conditions, the margin required is $300. During the news period, the margin requirement increases to $1,500.
Example B: Original leverage is lower than the leverage limit
- Scenario: A client opens 1 lot of Brazil Index (BVSPX) during a news period
- Original leverage: 50:1
- News-period leverage limit: 50:1
Difference: Since the original leverage (50:1) does not exceed the limit, the margin requirement remains unchanged.
Example C: Leverage adjustment before market close (weekend risk)
- Scenario: A client opens a long position of 1 lot on US oil (USOUSD) 1 hour before the Friday market close (assumed price: $80)
- Original leverage: 500:1
- Temporary leverage limit: 20:1 (applies within 3 hours before market close)
- Normal margin calculation: 80 × 1,000 (contract size) ÷ 500 = $160 (margin required )
- Adjusted margin calculation: 80 × 1,000 (contract size) ÷ 20 = $4,000 (margin required)
Difference: Under normal conditions, the margin required is $160. During the pre-close period, the margin requirement increases to $4,000.This adjustment helps ensure your account has sufficient buffer to manage potential price gaps when the market reopens, reducing the risk of insufficient margin or negative balance.