What is the maximum leverage allowed on my account?
See this link for detailed information : https://www.quicktrade.world/leverage-groups/
The maximum leverage levels for a given account are:
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QuickTrade (Pty) Ltd, a leading provider of trading services, understands that leverage is a crucial aspect of trading that impacts both the risks and rewards of a transaction. The company recognizes that the amount of leverage used can significantly affect the level of risk exposure and has therefore set up leverage levels to protect client assets and ensure that both QuickTrade (Pty) Ltd and its liquidity providers are not exposed to excessive risk.
Rules on 1:1000 leverage group - USD Account
- Max Equity balance: $400. If exceeded, the account will be moved to the 1:100 group.
- There is a limited number of securities available to be traded.
- Tradable instruments: forex, indices and commodities.
- There is no minimum deposit
- Only one 1:1000 leverage group account is allowed on a USD account.
- The 1:1000 spread can change due to market volatility.
- The account will be made inactive if not funded within 30 days.
Risk Warning Note: Forex and CFDs are leveraged products, incur a high level of risk and may not be suitable for all investors. You shouldn't risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and consider your level of experience. Seek independent advice if necessary.
Rules on 1:1000 leverage group - ZAR Account
- Max Equity balance: R4000. If exceeded, the account will be moved to the 1:100 group.
- There is a limited number of securities available to be traded.
- Tradable instruments: forex, indices and commodities.
- There is no minimum deposit
- Only one 1:1000 leverage group account is allowed on a ZAR account.
- The 1:1000 spread can change due to market volatility.
- The account will be made inactive if not funded within 30 days.
Risk Warning Note: Forex and CFDs are leveraged products, incur a high level of risk and may not be suitable for all investors. You shouldn't risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and consider your level of experience. Seek independent advice if necessary.Risk Warning Note: Forex and CFDs are leveraged products, incur a high level of risk and may not be suitable for all investors. You shouldn't risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and consider your level of experience. Seek independent advice if necessary.
Max Equity Balance will be $200 if exceeded the account will be moved to 1:100 group automatically.
Max open position Quantity will be 0.1 on FX and Indices
Max open positions Quantity will be 0.2 on Commodities.
Limited number of securities to be traded on the 1:1000 leverage groups.
Only one 1:1000 leverage group account allowed on ZAR or USD only.
1:1000 spreads can change due to market volatility.To further protect client assets, QuickTrade (Pty) Ltd has decided to adjust its leverage levels, taking into consideration account balances, to ensure that clients are provided with optimal trading conditions while reducing potential risks.
Under the new leverage levels, clients with an account balance of R0 to R39,999 will have a leverage level of 500:1, while those with R40,000 or more will have a leverage level of 100:1. These changes will be effective one business day after they are communicated to clients or published on QuickTrade (Pty) Ltd's website on 31 August 2021.
In the event that a client does not agree with the new leverage levels, QuickTrade (Pty) Ltd allows them to cancel their current client agreement by providing a written notice within five business days prior to the effective date. During this period, the client must close out all their current transactions and will not be allowed to enter into any new transactions.
If a client does not provide notice of cancellation or closes their account before the effective date, it is deemed that they have accepted the new leverage levels. Any transactions entered into using the trading platform after the effective date will be governed by the new leverage levels.
QuickTrade (Pty) Ltd strives to provide its clients with the best possible trading conditions while also ensuring that risks are kept at a minimum. The company hopes that these adjustments to leverage levels will better serve its clients and reduce the potential risks associated with trading.
If you have any queries, please feel free to contact us on compliance@quicktrade.co.za