Leverage allows a Position larger than the amount deposited with Sirius for the position. The trader provides a percentage of the full value of the Position and Sirius loans the difference between the initial margin and the value of the Position as part of the Margin FX or CFD contract. The use of Leverage magnifies the gains and equally, magnifies the losses, of Leveraged positions opened (excluding transaction costs).
A small change in the quoted price of the underlying instrument can cause a large gain or a large loss on highly leveraged and risky Margin FX or CFD Positions.
While usually fixed on Standard Trade360 accounts, spreads can vary during extreme trading conditions or during non-trading hours. If you attempt to trade under these conditions, the relevant spreads will be presented to you on the platform.