Trader
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Leverage up to 150x on stocks, 150x on crypto, 1000x on forex, and 250x on commodities. Trade directly from your wallet without middlemen, ensuring maximum security.
Q1: If the market is closed, can I still close my order? A1: No, that’s not possible.
Q2: Can I adjust my trade while the market is closed, and will the changes apply once the market reopens? A2: No, you also can’t adjust the trade while the market is closed.
Q3: Are fees charged even when the market is closed? A3: Yes, borrowing fees are charged per block, regardless of whether the market is open or closed.
Q4: What happens if someone gets liquidated due to fees while the market is closed? Q4: Liquidations only happen when the market is open, just like limit orders.
Q5: What about a Stop Loss that gets hit while the market is closed? A5: How can a Stop Loss be triggered if the price doesn’t move? If the price doesn’t change, there can’t be any liquidation, SL (Stop Loss), or TP (Take Profit). Even if it’s due to fees, it would only trigger once the market reopens.
Q6: What are potential risks in using LeverageX? A6a: UI or System Errors (Programming Issues / Faulty Features, etc.) causing Potential Errors and Deviations in Trade Execution: Even we thrive to provide a flawless system, errors may occur when opening, updating, or closing trades due to internal programming mistakes, faulty features, or unexpected system behavior. These can result in incorrect information being displayed in the user interface (UI), such as wrong prices, incorrect position sizes, or trade status not reflecting the actual on-chain state. A6b: Price Forecast vs. On-Chain Execution (Market Deviation): There may still be deviations between the price forecast shown to the user and the actual execution price on-chain. These discrepancies are typically caused by market fluctuations, slippage, or time delays between the trade confirmation and its on-chain settlement.
