Leverage is an important aspect of forex trading that can significantly impact your trading results. It refers to the amount of borrowed funds that a trader uses to open and maintain a position in the market.
As a BlackBull Markets client, you can see the leverage for any of your accounts in the Secure Client Area, including MT4, MT5, and TradingView. If you are not a client of BlackBull Markets, you can check the leverage of your MT4 account by following these steps:
To check the leverage on your MT4 account, you first need to log in to your account. You can do this by launching the MT4 platform on your desktop or mobile device and entering your login credentials.
Once you have logged in to your account, you will need to navigate to the "Account History" tab found at the bottom of the platform. Alternatively, this can be found by clicking on the "View" tab at the top of the platform and selecting "Account History" from the drop-down menu.
Generate a Detailed Report After opening the "Account History" tab, generate a detailed report by right-clicking within the window and selecting "Save as Detailed Report." This report will include important information about your trading activities, including your leverage level.
Check your leverage level once you have saved the detailed report, it should open automatically. If not, locate the report in your downloads folder and open it using your preferred browser. In the report, you will find your leverage level for your MT4 account next to the highlighted "Leverage" label.
It is important to monitor your leverage regularly, as it can change depending on the size of your trades and the margin requirements of the currency pairs you are trading. BlackBull Markets offers leverage up to 1:500, but you can adjust your leverage according to your trading preferences and risk management strategy.