Exness · Leverage and margin

Exness leverage is not one number — it is a per-instrument setting, and on most forex pairs it is Customizable, while a handful of instruments carry fixed caps. The practical consequence is that the same account can run very different margin requirements across the instruments in it, and the trade that hurts is usually the one where you never checked which of the two you were getting.

What the account type decides before leverage does

Leverage sits on top of a cost structure, and the cost structure differs by account. On Standard and Pro accounts the commission is none; on Zero it runs from 0.05 USD per lot per side, and on Raw Spread up to 3.50 USD per lot per side. Typical spreads follow the same split: Standard from 0.2 pips, Pro from 0.1 pips, Zero from 0 pips, Raw Spread from 0 pips.

Margin call and stop-out levels are tied to the account, not to the leverage you pick. Standard accounts trigger a margin call at 60%; Pro, Zero and Raw Spread at 30%. Stop out is 0% across the board, and hedged margin is 0%. Order execution also splits: market execution on Standard, Zero and Raw Spread; instant execution on Pro, with market execution for crypto.

Which instruments are Customizable and which are capped

Across the Standard account instrument list, most majors and crosses carry leverage marked Customizable. That includes AUD/JPY, AUD/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY and USD/THB, plus XAU/USD, XAG/USD and USOIL.

Caps are the exception, and they are instrument-specific rather than account-wide:

• USD/MXN — 1:50
• USD/ZAR — 1:200
• USOIL — 1:2000
• US30 — 1:400
• Indices broadly — 1:200 to 1:400
• Majors — customizable

The spread on those same instruments is worth reading alongside the cap, because a wide spread and a tight cap compound. USD/MXN shows 63.45 pips, USD/ZAR 116.8 pips, USD/THB 300 pips, XAU/USD 26 pips, USOIL 2 pips, XAG/USD 3 pips. Commission is 0 on all of them. Swaps vary: USD/ZAR -18.7/0 pips, USD/MXN -22.01/0 pips, XAU/USD -53.49/0 pips, USOIL 0/-20.03 pips.

Why the gold numbers matter more than the leverage setting

XAU/USD is customizable on leverage, which makes it look flexible. The volatility data is the constraint that actually matters. Over the tick history examined, the sharpest minute for gold came at 12:00 UTC with a 60.91 USD move — 6,091 USD per lot — and the calmest at 20:00 UTC with 3.29 USD. On the Standard account the gold spread was 0.26 USD, or 26 USD per lot, on 2026-09-11.

Put the swing range next to the spread and the picture is clear: the cost of entering is small relative to what a single minute can do to an open position. Leverage does not change that ratio. It changes how much of your balance is committed while the move happens.

Position size, margin and the 0% stop out

Lot limits are min 0.01, max 200 lots between 07:00 and 20:59 GMT+0, and 60 lots between 21:00 and 06:59 GMT+0, with unlimited open positions. The overnight cap is roughly a third of the daytime cap — a structural limit that applies regardless of how much leverage is available to you.

Because stop out is 0% and hedged margin is 0%, a hedged position does not consume margin the way two directional positions would, and the account is not force-closed until margin level reaches zero. The margin call at 60% (Standard) or 30% (Pro, Zero, Raw Spread) is the earlier signal. Negative balance protection is available, and there is a Financial Commission compensation fund of up to EUR 20,000 per client.

Which entity holds your account determines which regulator's rules apply to it.

On funding, the dominant local

Exness is a globally regulated broker holding multiple licences from financial regulators around the world.