Watch the walkthrough: How to Edit Leverage on an Active Order or Position on Ouinex
On an open position
Go to the Open Positions tab at the bottom of the screen. Next to the leverage figure there is a small pencil icon. Click it, set the new leverage, confirm.
The position updates immediately, and the change applies to any orders linked to it.
On a pending order
The same, on a limit order that has not yet filled. No cancellation and no re-entry.
There is one behaviour to know about before you use it. If you have no open position on that instrument, changing the leverage on one pending order changes it on all your other pending orders for the same instrument, after a confirmation prompt.
That is usually what you want; it keeps a set of orders on one instrument consistent. It is not what you want if you deliberately laddered entries at different leverage. Read the confirmation rather than clicking through it.
What changing leverage actually does
Leverage does not change the size of your position. It changes how much margin that position requires.
Raise the leverage on an open position and margin is released back to the wallet, your free margin goes up. Lower it and more margin is committed. The quantity you hold, and the profit or loss it produces per point of price movement, do not change either way.
What does change is the distance to liquidation. Higher leverage means less margin behind the same position, which brings the estimated liquidation price closer to the current market price. Lower leverage pushes it further away.
This is the whole of it, and it is worth being precise about because the common intuition, that raising leverage makes a position bigger, is wrong, and it leads people to raise leverage on a position that is going against them in the belief they are doing something about it. They are not. They are moving the liquidation price closer to a market that is already moving toward it.
When adjusting leverage in place is useful
Freeing margin. You want to open a second position and free margin is short. Reducing leverage on an existing position is not available for this, that consumes more margin. Raising it releases margin, at the cost of a nearer liquidation price. That is a real trade and it should be made deliberately, not reflexively.
Correcting an entry. You placed a limit order at a leverage you have since reconsidered. Previously that meant cancelling the order and placing it again. Now it does not.
De-risking a position that has run. A position well in profit can carry lower leverage than it was opened with. Reducing it commits more margin and pushes the liquidation price further away, a way to make a winning position more durable without closing any of it. This is the use case most worth knowing about, and it was awkward before 4.35.
What it does not do
Adjusting leverage does not close anything, reduce anything, or realise any profit or loss. If a position is going against you, changing its leverage does not reduce your exposure to the move. Closing or partially closing it is what reduces exposure.
Leverage limits are also set per instrument. The minimum and maximum available on a given market are shown on its instrument details page, and they differ between a major forex pair and a newly listed token.
FAQ
Can I change leverage on an open position on Ouinex? Yes. In the Open Positions tab, click the pencil icon next to the leverage figure, set the new value and confirm. The position updates immediately and the change applies to any linked orders.
Can I change the leverage on a pending order without cancelling it? Yes. Leverage can be edited directly on a pending limit order. If you have no open position on that instrument, the change applies to all your pending orders on the same instrument, after a confirmation prompt.
Does changing leverage change my position size? No. It changes the margin required to support the position, not the quantity you hold or the profit and loss per point of movement. What it does change is the distance to your liquidation price.
Does higher leverage increase my profit? No. It reduces the margin committed to the same position, which frees margin in your wallet and moves your liquidation price closer to the market. The position's profit and loss per point of price movement is unchanged.
Where do I find the maximum leverage for an instrument? On that instrument's details page, opened with the eye icon next to its name on the chart. Minimum and maximum leverage are set per instrument.
The bottom line
Leverage is now editable in place on both open positions and pending orders, which removes a genuinely annoying limitation. Use it to free margin deliberately, to correct an entry without cancelling it, or to reduce leverage on a position that has run in your favour. Do not use it as a response to a position going against you. It moves your liquidation price toward the market, not away from it, and the tool for reducing exposure is closing part of the position. More on how leverage works is in leverage trading explained.
