Feb 3, 2024
Complaint marked as Resolved It all makes sense to me now. And what I wrote earlier is a little bit wrong.
So let me tell you how it really works. Because I made a mistake and maybe someone reading my post got wrong information.
So, indeed this broker provides leverage x500. But of course not for all financial instruments. And riskier ones have smaller amount. For example, Dow Jones index I wrote about is more risky and that's why it has multiplier of x100.
I'm glad I found out everything and got the right information. And I apologize to those who were confused by my first post.
Olymp Trade customer support has been notified about the posted complaint.
Thank you for your question. We are glad to tell you about leverage or multiplier at Olymp Trade Forex.
A multiplier multiplies your investment amount by a certain amount. The multiplier value shows how many times the total trade volume will increase.
Let’s say you invest $100 using an x200 multiplier. Accordingly, the total trade volume will be $20 000 ($100 x 200 = $20 000).
As a result, the financial outcome of such a position will vary within a larger range than if you traded $100 using a multiplier of x100, x50, or lower.
It is important to know that the use of the multiplier increases not only the amount of the potential profit but also the risk level of the trade.
A high value of the multiplier is suitable for active trading when an investor makes many trades during one day. However, if you opt for long-term investments, using the minimum value of the multiplier will be the right choice.
The multiplier values may vary for different asset types. The largest value o[censored]p to x500 can be used when trading currency pairs. You can find the information about the minimum and maximum multiplier values in the "Help" section of the "Assets" menu: select the asset you are interested in and open the "Trading Conditions" tab.
Best regards, Olymp Trade team.