XS's maximum leverage of 1:2000 is not a fixed figure — it is set by two types of dynamic leverage, equity-based and lot-based (official dynamic leverage page, checked 26 September 2026). The maximum leverage offered steps down as equity or trading volume grows. On the Standard account, the margin call level is 40% and the stop out level is 20%.
This article maps, from what the official pages confirm, the tiers for FX majors and minors, exotics, metals/oil/indices/crypto, gold and silver, the limits applied during HMR periods (economic releases, market open/close, holidays and similar events), fixed-leverage instruments, and how the margin level is calculated. The figures actually applied depend on the trading platform display and the current terms.
In short: XS leverage steps down as equity or trading volume grows
- Maximum leverage: 1:2000 dynamic leverage (equity-based and lot-based types, official dynamic leverage page)
- Margin call: 40% (Standard account, official account types page)
- Stop out level: 20% (Standard account)
- The maximum leverage offered steps down as equity or trading volume grows
- During HMR periods (economic releases, market open/close, holidays and similar events), leverage on new positions is further restricted
The breakpoints and tiers of dynamic leverage differ by instrument and account, and can change. The tables in this article reflect what was confirmed on the official pages on 26 September 2026; the figures actually applied depend on the trading platform display and current terms. Trading FX and CFDs carries the risk of losing part or all of your funds.
Two types of dynamic leverage: equity-based and lot-based
According to the official dynamic leverage page (checked 26 September 2026), equity-based leverage "automatically adapts to your trading account's equity. As your equity increases, the maximum leverage offered decreases."
Lot-based leverage "automatically adapts to your trading volume. As your trading volume increases, the maximum leverage offered decreases." It applies to account types with "LT" in the name (such as LT Standard, LT Pro and LT Elite, on both MT4 and MT5, excluding Cent accounts). Net lot count is calculated across multiple instruments and partial hedges within the same instrument.
Equity-based leverage tiers: FX, metals, oil, indices and crypto
Under equity-based dynamic leverage, the maximum leverage steps down by instrument group as the account's equity (in JPY) rises (official pages, checked 26 September 2026).
| Equity (JPY) | Maximum leverage |
|---|---|
| 0-450,000 | 1:2000 |
| 450,001-900,000 | 1:1000 |
| 900,001-3,000,000 | 1:500 |
| 3,000,001-6,000,000 | 1:400 |
| 6,000,001-15,000,000 | 1:200 |
| 15,000,001 and above | 1:100 |
| Instrument group | 0-150,000 | 150,001-750,000 | 750,001-3,000,000 | 3,000,001-6,000,000 | 6,000,001-15,000,000 | 15,000,001 and above |
|---|---|---|---|---|---|---|
| FX exotics | 1:200 | 1:200 | 1:200 | 1:200 | 1:200 | 1:100 |
| XPDUSD & XPTUSD (palladium & platinum) | 1:50 | 1:50 | 1:50 | 1:50 | 1:30 | 1:20 |
| USOIL & UKOIL (crude oil) | 1:500 | 1:200 | 1:100 | 1:50 | 1:30 | 1:20 |
| Indices | 1:500 | 1:200 | 1:100 | 1:50 | 1:30 | 1:20 |
| BTC & ETH | 1:200 | 1:100 | 1:50 | 1:25 | 1:25 | 1:25 |
※ Equity is measured in JPY.
| Equity (JPY) | Maximum leverage |
|---|---|
| 0-800,000 | 1:2000 |
| 800,001-1,600,000 | 1:1000 |
| 1,600,001-3,000,000 | 1:500 |
| 3,000,001-8,000,000 | 1:200 |
| 8,000,001-16,000,000 | 1:100 |
| 16,000,001-32,000,000 | 1:50 |
| 32,000,001-64,000,000 | 1:25 |
| 64,000,001 and above | 1:10 |
※ USD-denominated accounts use the same 8 tiers, from 1:2000 at USD 0-5,000 equity to 1:10 at USD 400,001 and above. Check the official page display for the exact breakpoints in between.
| Equity (JPY) | Maximum leverage |
|---|---|
| 0-150,000 | 1:2000 |
| 150,001-500,000 | 1:1000 |
| 500,001-1,500,000 | 1:400 |
| 1,500,001-3,000,000 | 1:200 |
| 3,000,001-8,000,000 | 1:100 |
| 8,000,001-16,000,000 | 1:50 |
| 16,000,001-32,000,000 | 1:20 |
| 32,000,001-64,000,000 | 1:10 |
| 64,000,001 and above | 1:5 |
※ USD-denominated accounts step down leverage the same way as equity increases. Check the official page display for the exact breakpoints.
Lot-based dynamic leverage: LT accounts and crypto margin rates
Lot-based leverage applies to account types with "LT" in the name (such as LT Standard, LT Pro and LT Elite), and the maximum leverage is set by the net lot count for each instrument (official pages, checked 26 September 2026). For crypto, the required margin rate and maximum leverage change with net lot count as follows.
| Net lots | Required margin rate | Maximum leverage |
|---|---|---|
| 0-2 | 0.2% | 1:500 |
| 2-10 | 0.5% | 1:200 |
| 10-20 | 2% | 1:50 |
| 20-30 | 4% | 1:25 |
| 30-40 | 10% | 1:10 |
| 40 and above | 20% | 1:5 |
| Asset | Normal maximum leverage |
|---|---|
| FX majors, gold | 1:2000 |
| FX minors, crude oil, major indices, BTC/ETH | 1:500 |
| FX exotics, silver | 1:200 |
| Platinum, palladium, minor indices | 1:100 |
| CNA50, HK50, USDXY | 1:50 |
| Other crypto | 1:20 |
| NGAS | 1:10 |
※ This table shows the normal maximum leverage. During HMR periods (next section), different limits may apply.
HMR period limits and fixed-leverage instruments
During HMR periods (High Margin Requirement — economic releases, market open/close, holidays and similar events), leverage on new positions under equity-based dynamic leverage is restricted below the normal level (official pages, checked 26 September 2026). Check the official pages for how existing positions are treated.
| Asset | 0-6,000,000 | 6,000,001-9,000,000 | 9,000,001-15,000,000 | 15,000,001 and above |
|---|---|---|---|---|
| FX majors and minors | 1:200 | 1:200 | 1:200 | 1:100 |
| FX exotics | 1:50 | 1:50 | 1:50 | 1:50 |
| Gold | 1:200 | 1:200 | 1:100 | 1:50 |
| Silver | 1:50 | 1:50 | 1:30 | 1:20 |
| XPDUSD & XPTUSD | 1:50 | 1:30 | 1:30 | 1:20 |
| Indices | 1:100 | 1:50 | 1:30 | 1:20 |
| USOIL & UKOIL | 1:50 | 1:50 | 1:30 | 1:20 |
※ Equity is measured in JPY.
| Asset | 0-750,000 | 750,001-3,000,000 | 3,000,001 and above |
|---|---|---|---|
| BTC | 1:100 | 1:50 | 1:25 |
| ETH | 1:50 | 1:50 | 1:25 |
| Asset | Maximum leverage |
|---|---|
| Energy (NGAS) | 1:20 |
| Crypto (other than BTC & ETH) | 1:10 |
| Stocks (all) | 1:5 |
| Commodities (other than NGAS) | 1:100 |
| Indices (HK50, CNA50, USDXY) | 1:50 |
What margin call 40% and stop out 20% mean (a worked example), and zero-cut
The margin level is calculated as "equity ÷ required margin × 100", a standard forex indicator. On the Standard account, a warning is shown once this level drops to the margin call threshold (40%), and open positions are automatically closed once it drops to the stop out threshold (20%) (official Standard account page, checked 26 September 2026).
| Level | Equity (example, required margin of JPY 10,000) | What it means |
|---|---|---|
| 40% (margin call) | JPY 4,000 | A warning is shown (positions are not yet closed at this point) |
| 20% (stop out) | JPY 2,000 | Open positions are automatically closed |
※ The required margin of JPY 10,000 and the resulting JPY 4,000 / JPY 2,000 in this table are illustrative figures used only to explain how the margin level works — they are not official confirmed values. Your actual required margin depends on your trade size (lots and rate) and leverage.
On zero-cut (negative balance protection), the official Standard account page does not use this term, but our broker page lists XS as offering it ("Yes*") under the policy applied to all listed brokers. *Conditions and exceptions follow each broker's terms.
Checkpoints for managing leverage and stop out risk
- Check the maximum leverage for your account type and instrument on the official dynamic leverage page or the trading platform
- Understand that leverage steps down as equity or trading volume grows, and check which tier applies to your intended trade size
- During HMR periods (economic releases, market open/close, holidays and similar events), leverage on new positions is restricted
- Factor the 40% margin call and 20% stop out levels into your margin-level calculations
- Check the terms for zero-cut conditions and exceptions
The basics of leverage and stop out (beginner guide) →
See XS's swap-free accounts (eligible instruments and grace periods) →
Frequently asked questions
Q. What is XS's maximum leverage?
A. Up to 1:2000, as dynamic leverage. It is not a fixed figure — under the equity-based and lot-based systems, the maximum leverage offered steps down as equity or trading volume increases (official dynamic leverage page, checked 26 September 2026).
Q. What is XS's dynamic leverage?
A. Two systems: equity-based leverage, which changes with the account's equity, and lot-based leverage, which changes with trading volume. In both cases, the maximum leverage offered decreases as equity or trading volume increases.
Q. What is XS's stop out level?
A. On the Standard account, the stop out level is 20% and the margin call level is 40% (official account types page, checked 26 September 2026).
Q. How is XS's margin level calculated?
A. The margin level is calculated as "equity ÷ required margin × 100", a standard forex indicator. A warning is shown once it drops to the margin call level (40%), and positions are closed once it drops to the stop out level (20%). The actual amounts depend on trade size and leverage, so calculate them for your own account.
Q. What is an HMR period?
A. HMR (High Margin Requirement) refers to periods — such as economic releases, market open/close and holidays — when leverage is restricted more than usual. During an HMR period, leverage on new positions is limited below the normal level.
Q. Does XS offer zero-cut?
A. The official Standard account page does not use this term, but our broker page lists XS as offering it ("Yes*") under the policy applied to all listed brokers. *Conditions and exceptions follow each broker's terms.
Q. Is crypto leverage different from FX leverage?
A. Yes. Under equity-based leverage, BTC and ETH follow a separate tier table from FX. Under lot-based leverage (LT accounts), the required margin rate for crypto steps up from 0.2% to 20% as net lot count increases.
Sources and conditions
- XS official: Dynamic leverage (checked 26 September 2026) →
- XS official: Equity-based (checked 26 September 2026) →
- XS official: Lot-based (checked 26 September 2026) →
- XS official: Standard account (checked 26 September 2026) →
- The basics of leverage and stop out (beginner guide) →
- XS account types and terms (this site) →
- Advertising, affiliate relationships and risk disclosure →
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