The leverage factor is a multiplier used in the calculation of trading turnover.
The leverage factor can be:
- Specified in the bonus terms.
- If not specified, the leverage factor is 35 for bonuses that are less than 50% of the deposit, and 40 for bonuses that exceed 50% of the deposit.
For example, let's consider a scenario where a trader deposits $50 and receives a 20% bonus on the deposit, resulting in a total of $60 (including the $10 bonus funds). Since the bonus does not exceed 50% of the deposit, the leverage factor will be 35. Therefore, the required trading turnover will be $10 * 35 = $350.