What is Customized Leverage?
Customized Leverage allows you to reduce and/or increase the desired maximum leverage on any of your Main or Sub Account(s) at any time. This gives you the option to reduce the risk of getting liquidated in any of your derivative positions. Leverage can be customized on an individual account basis so that you may choose a different level of leverage for different accounts.
How does it work?
There are 7 leverage steps as follows:
After the action, the leverage on the specific account can never exceed the chosen amount of leverage. However, a leverage curve still applies, so for larger positions, the total leverage that EQONEX allows may be lower than the maximum leverage you select. In that case, you cannot exceed the maximum leverage EQONEX allows. See the specific leverage and margin requirements for each curve in Custom Margin Curves.
If you wish to reduce the maximum leverage, but you have open derivative position(s) in that account, EQONEX will check your current Total Account Margin against the new Initial Margin requirements to prevent unintended liquidations. Should your Total Account Margin be lower than the new Initial Margin requirement, you will be required to move more funds to the said account or reduce your derivatives position size. Read more on Liquidation and Cross Collateral Liquidation.
How to set your Custom Leverage
Step 1: Click on the Accounts button on the left bar.
Step 2: While on the Account Management page, click Manage button next to the account you wish to edit its Max Leverage. This can be either your Main Account or any Sub Account (See How to Create and Manage a Sub Account)
Step 3: Choose the Max Leverage for the account, then click Done.
For further assistance or more information, please contact our Customer Support team via email@example.com or click on the chat widget at the bottom right-hand side of the EQONEX page.