Leverage

XNCE adopts liquidity leverage rules, dynamically adjusting leverage based on your actual position lots (total of all open orders), calculated in tiers—different lot ranges apply different leverage. This way, your leverage only decreases gradually as trading volume increases, and is not suddenly reduced due to account equity growth, avoiding the risk of forced liquidation from insufficient margin.

XNCE's default leverage is 5000x. If you feel this leverage level carries more risk than you can bear, you can apply to adjust it to 1000, 500, 200, or 100 leverage.

If you believe the default leverage level exceeds your risk tolerance, you may submit a written or online request when you have no open positions to adjust the leverage ratio to lower tiers such as 1000:1, 500:1, 200:1, or 100:1. The adjusted leverage will take effect immediately and apply to subsequent new positions.

Traders should clearly distinguish between 'leverage multiplier' and 'position risk': your profit or loss on each trade is determined by position size (lots) × price movement (pips) × contract value, and has no direct mathematical relationship with the account leverage multiplier.

For example, if two accounts hold positions in the same product and the same lot size using 1000x and 1x leverage respectively, when the market price moves by 100 points, the floating profit or loss of both accounts is exactly the same. The only difference is that the high-leverage account requires less upfront margin, releasing more available funds. However, this may also encourage overtrading. We recommend focusing on the risk amount per trade rather than the leverage number, and managing actual risk exposure by controlling lot sizes.

NCE strictly enforces a regulated negative balance protection policy; investors do not need to repay losses exceeding their own funds. When the market gaps, excessively high leverage is more likely to cause a negative balance. If a client experiences two negative balances within the same month, the maximum leverage will be limited to 200, and it will take 30 days to restore to the normal level.

For example, if two accounts hold positions in the same product and the same lot size using 1000x and 1x leverage respectively, when the market price moves by 100 points, the floating profit or loss of both accounts is exactly the same. The only difference is that the high-leverage account requires less upfront margin, releasing more available funds. However, this may also encourage overtrading. We recommend focusing on risk exposure and position management rather than simply pursuing the highest possible leverage.

We remind all clients that opening new positions with unusually large position sizes before the weekly market close or ahead of major economic data releases, especially when such size significantly deviates from the client's historical trading pattern, may be deemed an attempt to obtain asymmetric gains through the negative balance protection mechanism. The platform maintains zero tolerance for such behavior and reserves the right to impose restrictions on such accounts, including but not limited to leverage reduction, trading restrictions, or disqualification from negative balance protection.

Please note that because we use straight-through order processing, all trading positions are directly connected to the liquidity market, and the profit or loss of your orders is ultimately reflected at the clearing level of the liquidity provider. When your account falls into a negative balance, that loss is still settled by the liquidity provider rather than being exempted from the market.

We are willing to bear this cost for occasional mistakes or sudden market events within a reasonable scope as part of our risk policy. However, negative balance protection should not be treated as a long-term risk buffer. If negative balance events occur frequently, we may be unable to continue bearing such costs, and may have to adjust your account permissions or leverage settings in accordance with risk control rules. We strongly advise you to manage leverage prudently and maintain sufficient margin buffers.