Originally Posted by
;
Hello!
I'm about to start a micro ($3k) account with EFX Group, but I have only discovered, that the only leverage I can trade with is 100:1. And it's fixed.
I'm new to all of this, but I'm wondering, if all (or most) brokers inflict a predetermined leverage, or do they let you correct the leverage for each trade separately?
I was not intending to use a higher leverage than 10:1, but the support guy at EFX told me, that when I don't enjoy the 100:1 leverage, I can trade a smaller position.
Thus, if I would trade with a more compact position, could I fix it so that it would be exactly the same as if I would trade using a 5:1 leverage, rather than 100:1?
Any help would be much appreciated.