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.