Axiory now offers 1:777 Leverage
Axiory is happy to inform you that Max accounts have just received a massive upgrade with an increase of the max leverage from 1:500 to 1:777.
This gives all traders the flexibility to make bigger and more versatile trades.
Traders with Max Accounts can adjust their leverage based on their level of experience and trading style and can request leverage anywhere between 1:1 and 1:777.
The max leverage of 1:777 can be used on all FX pairs when trading on a Max account.
Start Using Upgraded Max Accounts to Your Advantage.
What is Leverage and Margin?
With leverage, you can move a large amount of money based on a small margin you have.
Margin (deposit money) is money to be deposited as collateral for FX company.
With leverage, you can sell and buy currencies of various countries according to the amount of this margin money, at an amount more than the deposited money.
Then, specifically, how much currency can you trade for how much margin money?
In case of Axiory’s MAX account, you can leverage your traders by 777 times
To deposit $10,000 in foreign currency at a bank, you will need $10,000 worth of funds.
But with leverage, you don’t need $10,000.
In case of Axiory, when trading $10,000, margin of only about 0.1% is required will be required.
In other words, you can trade $10,000 for about $12, so the maximum leverage is 777 times.
What is Stop Out?
In FX trading, there is a rule to forcibly reverse trading regardless of the trader’s intention so that if the market price moves in the opposite direction to the expected amount and the loss amount reaches a certain ratio, the loss will not expand.
This is called “Stop Out”.
In case of Axiory, the stop out is triggered at 30% of margin leve,
When a stop out is triggered, all positions held at that time are forcibly closed and all pre-orders are canceled.
In other words, in order to protect your assets, when a certain amount of loss occurs, the rule that forcibly terminates the transaction so that the loss does not expand further is “Stop Out”.
Axiory also support NBP (Negative Balance Protection), so even if the account balance goes negative after the stop out is triggered, the exceeded loss will be covered by Axiory, so you can start trading again from zero but not minus.