Once the leverage is set at the time of creating your account, it remains fixed and cannot be altered later on. Leverage plays a crucial role in determining the amount of margin needed to sustain your open positions. Modifying leverage post-account creation could lead to substantial implications for your current trades and risk management strategy. Thus, it's vital to carefully select the appropriate leverage level when initially establishing your account.
Understanding the significance of leverage in trading is essential for managing your positions effectively. The leverage ratio directly impacts the margin requirements for your trades, influencing the amount of capital needed to control a specific position. By choosing an appropriate leverage setting upfront, traders can align their risk tolerance with their trading objectives. While the inability to adjust leverage post-account creation may seem limiting, it underscores the importance of thoughtful decision-making when setting up your trading account.