How ProBit Global adjusts current leverage

ProBit Global offers adjustable leverage up to 100x, but cautions traders to consider its impact on margin requirements, potential for margin calls, fees, and risks involved.

Nov 26, 2024 at 02:06 am

How ProBit Global Adjusts Current Leverage

Introduction:

Leverage is a powerful tool that can be used to increase potential profits in trading. However, it is important to use leverage responsibly, as it can also lead to significant losses. ProBit Global understands the importance of responsible leverage management. As such, they have implemented a number of measures to help traders manage their risk when using leverage.

Steps to adjust leverage:

1. Log in to your ProBit Global account.
   If you do not have a ProBit Global account, you can create one by visiting their website.
2. Click on the "Margin Trading" tab.
   This tab will take you to the ProBit Global margin trading platform.
3. Select the trading pair that you want to trade.
   ProBit Global offers a wide range of trading pairs, including BTC/USDT, ETH/USDT, and LTC/USDT.
4. Click on the "Leverage" button.
   This button will open a dialog box where you can adjust your leverage.
5. Enter the desired leverage amount.
   ProBit Global offers a maximum leverage of 100x. However, it is important to note that using high leverage can increase your risk of losses.
6. Click on the "Save" button.
   Your leverage will be updated immediately.

Additional Considerations:

• Margin Trading: As you use leverage, you are essential taking out a loan from the trading platform. Therefore, using leverage will increase the margin required for any position you take.
• Margin Call: If your position moves against you too far, you will be subject to a margin call. At this point, ProBit may liquidate your positions without notice to cover any losses.
• Fees: ProBit Global charges a fee for using leverage. The fee is calculated based on the amount of leverage that you use.
• Risk: It is important to understand the risks of using leverage before you start trading. Leverage can magnify your profits, but it can also magnify your losses.

Conclusion:

ProBit Global is committed to providing a safe and secure trading environment for its clients. By implementing a number of measures to help traders manage their risk when using leverage, ProBit Global is helping to ensure that its clients have a positive trading experience.