To perform FX (Foreign exchange margin trading), you need to open a trading account of BigBoss. Margin is the amount of collateral that is needed to deposit after the account is opened.
In Forex trading, by using "leverage" on your funds (the margin), you can amplify your funds, and thus trade with the position larger than your actual funds in your trading account.
Benefits of using leverage
Leveraging makes buying and selling a larger position than your actual funds possible.
Controlling the leverage, which is highly efficient in money management, you may have more opportunities to secure large profits.
Risks of using leverage
Leveraging magnifies not only profits but also losses.
Leveraged trading allows you to trade multiple amounts of actual funds, which means even with small movements in the exchange rate, the higher the leverage, the more the asset value of your account will fluctuate.
Your position(s) may be forcibly closed if the market fluctuates in an unfavorable direction to prevent further loss.
Please be aware that leverage can make a big profit with a small amount of money, but on the other hand, there is a possibility of losing the deposited funds.
BigBoss Leverage Rules
At BigBoss, you can open an account with a leverage value of "1111:1", and use your funds
To avoid the risk of loss due to the high leverage, we have a variable leverage system based on your balance and BigBoss Loyalty Program(BLP).
The leverage ratio based on the account balance is updated once a day, in 10 minutes after EOD (End of day) according to the total balance of all accounts held by the user.
*Market close time is 21:00 (Summer Time) or 22:00 (Winter Time) (both GMT +0).
The leverage system applies to Standard accounts, Pro Spread accounts, MASS standard accounts.
|Account Currency Type||Account Balance||Leverage|
|$0 - $19,999||1111:1|
|$20,000 - $49,999||555:1|
|$50,000 - $99,999||200:1|
|$100,000 and above||100:1|
|Balance as of previous day||Balance when the leverage ratio updates|
|The total balance of the accounts held by the user
(calculated in USD)
*Determined based on total balance
All balances are converted to USD at the exchange rate at the beginning of the leverage update process.
|Variable leverage system Applicable Currency Pairs||
|Variable leverage system NOT Applicable Currency Pairs||