Floating leverage
Alpari UK uses a floating leverage system on MetaTrader 4 Micro, Classic and Pro accounts. This system automatically applies higher leverage on a trade by trade basis depending on your trade volume.
Floating leverage on forex
When you’re trading forex, an open position of less than USD3 million nominal value carries a maximum leverage of 1:500.
An open position of USD3 million to USD5 million carries a leverage of 1:500 for the first USD3 million and a leverage of 1:200 for the remaining USD2 million.
An open position of USD5 million to USD10 million carries a leverage of 1:500 for the first USD3 million, a leverage of 1:200 for the next USD2 million and a leverage of 1:100 for the remaining USD5 million.
For open positions higher than USD10 million, the first USD3 million carries a leverage of 1:500, the next USD2million carries a leverage of 1:200, the next USD5 million carries a leverage of 1:100. Everything above carries a leverage of 1:33.
For example, if you open a position of USD12 million (for example, 120 lots in USDCHF), your margin requirements will be:
| Nominal value of open position | Funds required to open position | Maximum leverage offered |
|---|---|---|
| First USD3 million | = 3,000,000 / 500 = USD6,000 |
1:500 |
| Next USD2 million | = 2,000,000 / 200 = USD10,000 |
1:200 |
| Next USD5 million | = 5,000,000 / 100 = USD50,000 |
1:100 |
| Remaining USD2 million | = 2,000,000 / 33 = USD60,606 |
1:33 |
| TOTAL: USD12 million | = USD126,606 |

Floating leverage on spot gold and silver
An open position of less than USD2 million nominal value carries a maximum leverage of 1:200 (0.50% margin).
An open position of USD2 million to USD4 million carries a leverage of 1:200 for the first USD2 million and a leverage of 1:100 (1% margin) for the remaining USD2 million.
An open position of USD4 million to USD9 million carries a leverage of 1:200 for the first USD2 million, a leverage of 1:100 for the next USD2 million and a leverage of 1:50 (2% margin) for the remaining USD5 million.
For open positions higher than USD9 million, the first USD2 million carries a leverage of 1:200, the next USD2 million carries a leverage of 1:100 and the next USD5 million carries a leverage of 1:50. Everything above carries a leverage of 1:33 (3% margin).
For example, if you open a position of USD12 million nominal value, your margin requirements will be:
| Nominal value of open position | Funds required to open position | Maximum leverage offered |
|---|---|---|
| First USD2 million | = 2,000,000/200 = USD10,000 |
1:200 (0.50% margin) |
| Next USD2 million | = 2,000,000/100 = USD20,000 |
1:100 (1% margin) |
| Next USD5 million | = 5,000,000/50 = USD100,000 |
1:50 (2% margin) |
| Remaining USD3 million | = 3,000,000/33 = USD90,909 |
1:33 (3% margin) |
| TOTAL: USD12 million | = USD220,909 |
Please be aware that if your account leverage is lower than 1:200, the maximum leverage on precious metals will be equal to your account leverage.
