Leverage is the ability to use a small amount of capital to control a larger total position. For example, if you trade AUD/USD with a total position size of $3,000, and the leverage is 30:1, it will take $100 to open that position. Leverage can boost the size of your wins and amplify the size of your losses.
For Australian retail clients, the leverage for the major asset classes is set as follows:
30:1 for major currency pairs
20:1 for minor FX pairs, Gold or major stock market indices
10:1 for minor commodities (other than gold) or minor stock market indices
5:1 for share and ETF CFDs
2:1 for Cryptocurrencies