To disable leverage on your account, visit ‘Settings’ in the Client’s Area.
Keep in mind that non-margin accounts are not allowed to engage in:
- Options and futures trading
- Stock and fund shorting
Alternatively, you can open a back-up sub-account to trade these instruments with leverage.
Note! Trading without a margin means you can no longer borrow any amounts from the broker to place your orders. However, you will still see the margin utilization rate changing in your account - as it counts the amount of cash traded from your account.
All the positions will be opened with 1:1 leverage rate. For example:
Account value: 10,000 USD
Value of purchased stocks: 5,000 USD = Margin Delta: 5,000 USD
Margin Utilization rate: 50%.
Note that trading without margin still means that you can have negative positions in currencies. That may happen if you trade an instrument in a currency that is not available for your account. To avoid interest charges, make sure you timely convert your currencies or enable automatic conversion from your Client’s Area.
Note! Trading without leverage is not available for Demo accounts.