MT4 leverage is a simple ratio provided by the broker, and represents borrowed funds, allows a trader to take on a greater position. Leverage helps a trader to increase exposure. 100:1 leverage provides a trader’s ability to control up to 100 USD for every dollar in account equity.
This article will analyze steps on how to increase leverage on mt4 and how to decrease leverage on mt4 for different brokers.
How to Change Leverage on MT4?
To change leverage on the MT4 platform, go to the Accounts section of your Secure Area profile on your broker website. You need to log in to the user platform (members area) and then manually change account leverage value in the accounts section. Some forex brokers offer permanent leverage for their accounts, but the majority offer the possibility to change leverage.
Example 1: How to change leverage on Hotforex?
As you know, Hotforex is one of the most famous forex brokers, and they offer even zero spread accounts for day traders.
If you want to change leverage in the Hotforex account, you need the first step to log in:
Then you need to go into the account section and choose the option to change leverage:
In the last step, you will see the drop-down menu where you can choose new leverage:
Just choose preferred leverage and save your option. You can increase your leverage up to 1:1000.
Example 2: How to change leverage on XM?
In the first step user needs to log in:
After that, in the account section, choose the option “change leverage”:
In the end, choose leverage value from the list:
Example 3: How to change leverage on Fxpro?
In the first step, you need to log in Fxpro account:
Then go to the Account section and use a pencil to change leverage:
Then you will see a drop-down list to change leverage: