Why does my leverage automatically increase on BitMEX?
JavitoJan 07, 2022 · 3 years ago3 answers
I've noticed that the leverage on my BitMEX account keeps increasing automatically. Why is this happening and how can I control it?
3 answers
- Jan 07, 2022 · 3 years agoIt's possible that your leverage is automatically increasing due to the settings you have chosen on your BitMEX account. BitMEX offers a feature called 'Auto Deleveraging' which adjusts your leverage based on the liquidation price of your position. This is done to protect the exchange from potential losses. To control your leverage, you can adjust the settings in your account and disable the 'Auto Deleveraging' feature. Make sure to carefully manage your leverage to avoid unexpected liquidations.
- Jan 07, 2022 · 3 years agoThe automatic increase in leverage on BitMEX could be a result of the 'Cross' margin mode. In Cross mode, your available margin is shared across all open positions, and as the value of your positions changes, the leverage automatically adjusts to maintain a certain level of margin. If you prefer to have more control over your leverage, you can switch to 'Isolated' margin mode, where each position has its own independent margin. This allows you to set and maintain your desired leverage for each individual position.
- Jan 07, 2022 · 3 years agoAt BYDFi, we understand that the automatic increase in leverage can be frustrating for some traders. While BitMEX does offer features like 'Auto Deleveraging' and 'Cross' margin mode, it's important to note that these settings can be adjusted to suit your trading preferences. If you prefer to have more control over your leverage, you can disable the 'Auto Deleveraging' feature and switch to 'Isolated' margin mode. This will allow you to set and maintain your desired leverage without any automatic adjustments.
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