1. Overall account leverage:
   This is the leverage ratio assigned to your trading account. Retail clients are subject to maximum leverage limits set by the FCA, which vary depending on the asset class. Professional clients may qualify for higher leverage if they meet the required eligibility criteria. Leverage limits and trading conditions are subject to change based on regulatory requirements and market conditions.
   
   
2. Fixed leverage (Product-Specific Leverage):
   Some products have a set leverage independent of your account leverage. This is specified in the "margin percentage" found under the product's "specification".

Margin calculation formulas

The required margin for each trade depends on the "margin calculation mode" in the product's "specification." The formulas are as follows:

• Forex: contract size * lot * margin percentage / leverage
• CFD-leverage: contract size * lot * open price * margin percentage / leverage
• CFD: contract size * open price * lot * margin percentage
• CFD margin initial: margin initial x lots x margin percentage

Note: The margin amount is calculated in the instrument’s margin currency will be automatically converted to your account currency if different.