Changing your account leverage is an important aspect of managing your trading strategy and risk. This article provides a guide on how to adjust the leverage on your trading account. To change your leverage, follow the steps below:
- Log in to MyFXTM Dashboard.
- On the left-hand menu, click on ‘My Accounts’ > ‘Accounts Overview’.
- Scroll to find the trading account you want to change the leverage for, click on the drop-down arrow next to ‘Deposit’ > ‘Change leverage’.
- In the window, choose your new account leverage and enter your trading account password to verify the changes. Click on the ‘Ok’ button to complete the process.
Note: You should have no open positions on the account to update its leverage. In case you have open positions, the system will give you an error: "Something went Wrong:
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