Can Leverage be changed?

Situation:
0.01 Lot is using $1218 of margin on Alpari UK Demo today. However, when I opened this account, it was a normal 100:1 leverage, allowing me to open 5.0 Lot with Only $5000 capital. Now I can not open any lot over 0.11 Lot with out getting the message ' not enough money'

I opened up a 0.01 lot and two orders of 0.05 lots before the Margin was maxed out Just now! and this also changed my Drawdown immediately.

Before this issue, drawdown was around 16% , but after me pushing the margin to the max, its at 50%, which doesn't make any sense either. Very Weird Indeed.

Has anyone else ever had this issue?


I understand, yeah it's just a demo account. Delete this one and start Over. It's no biggy really, but very odd.

Here is the Demo account.

https://www.myfxbook.com/members/pipinvestment0/attention-grabber-1/36114

The screen shot says'Fxpro- Metatrader' but it is a Alpari demo. I am just using the exe from fxpro with Alpari demo. srv file.

A friend emailed me on the 14th of June, that he had the same thing with Alpari. It's like leverage has disappeared.

If you know what's good for you, stay away from them, treat this problem as a serious warning.

try oanda, really the 'best' broker i have experienced.
if you want to go with mt4 try ibfx e.g.

your learning gets a big boost when you trade real money. i do it that way with a small oanda account.
demo account just doesnt get you the feel of real money, you know? thats a big point in trading psychology!

I agree to_ul. Try Oanda. You can change the leverage with them to suit, although the max isn't very high. This might be irrelevant if CTFC rules 10:1 leverage becomes maximum, as is rumoured (Oanda is based in America). This doesn't bother me as I already use only 10:1 leverage and small position sizes to give me 10k pips to play with.

However, with regards to MT4, I was trying to find out what my MT4 demo leverage is yesterday and all I could find was an Alpari UK FAQ page that said if you want to change your leverage, to send them an email.

Not sure if this helps, but get with Oanda for a small demo account and use MT4 for intense technical analysis. Their platform is superb for that alone.

You could try a centsaccount with Instaforex as well. Max leverage 1:1000.
And their 1.0 lot is 10'000 units where most other brokers 1.0 lot is 100'000.
On a centsaccount with min. 0.1 lot this is 10 unit trades - you can get a long with just 10 bucks :-)

Cheers

Soeren

GridsForPips posted:
You could try a centsaccount with Instaforex as well. Max leverage 1:1000.
And their 1.0 lot is 10'000 units where most other brokers 1.0 lot is 100'000.
On a centsaccount with min. 0.1 lot this is 10 unit trades - you can get a long with just 10 bucks :-)

Cheers

Soeren

I don’t think; 1:1000 is a good option! It’s too much aggressive decision!

By and large traders in particularly the newcomers fall a great loss by taking high leverage due to non-sense planning and zero risk management policy, nothing to do with high leverage at all. So, before trading with high leverage we have to know how to manage risk.

The bigger the leverage ( 1:100 , 1:200 , 1:500 , 1:1000 ...) the bigger the risk! Careful with the leverage level guys, it can be helpful but also dangerous for your funds. Think twice before executing orders with bigger leverage.

In Forex If you want to get maximal result by using high leverage you have to make sure the sufficient balance, otherwise that’s not possible at all to make profit with greatly despite of real money managing plan.