How to Compound Interest

[IlIlIlIlI]

to access 1:4 leverage, do i have to create a new account?

I failed to read the mail if there was one.

I fear you have to contact support for a live account if a change is possible for an existing account. For demo accounts you have to create a new one.

I've just created a new live portfolio and it won't let me update to 1:4. Only to 1:3 🤔 The demo has 1:4.

That's strange as the documentation "suddenly" only knows the 1:4 leverage.

Leveraged DARWIN portfolios

For investors who are comfortable with higher risk levels than DARWINs' default 6.5% monthly target VaR(95%), we offer the possibility to increase your portfolio leverage up to 3:1.

help.darwinex.com

Edit:
The Darwinex page is not consistent hopping between leverage 1:3 and 1:4 in the explanation/examples.

 

[QAVinversion]

I've just created a new live portfolio and it won't let me update to 1:4. Only to 1:3 🤔 The demo has 1:4.

darwinex answered me this, it's in Spanish

"
Hola Gerson,

Gracias por tu mensaje.

En algunos casos, tras las respuestas dadas durante el proceso de apertura de cuenta, el apalancamiento máximo permitido es de 4x. En tu caso, el apalancamiento máximo aplicado es de 3x y me temo que, por motivos regulatorios, no puede ser modificado.

Saludos y disculpa las molestias.

Javier
"

 

[IlIlIlIlI]

I've just created a new live portfolio and it won't let me update to 1:4. Only to 1:3 🤔 The demo has 1:4.

be careful with creating live portfolios for fun or test - the maximum number of live portfolios is 5 and they don't delete them - also for regulatory reasons.

 

[AriaS]

darwinex answered me this, it's in Spanish

"
Hola Gerson,

Gracias por tu mensaje.

En algunos casos, tras las respuestas dadas durante el proceso de apertura de cuenta, el apalancamiento máximo permitido es de 4x. En tu caso, el apalancamiento máximo aplicado es de 3x y me temo que, por motivos regulatorios, no puede ser modificado.

Saludos y disculpa las molestias.

Javier
"

Didn't you ask them what those regulatory reasons are? I've also mailed them. I guess the answer will come tomorrow.

 

[AriaS]

Here's the answer that my friend received from Darwinex:

"Before June 1st 2022 all the investor accounts had a leverage of x3 by default and cannot be changed.

Starting June 1st 2022 every investor that opens a real account has to go through a financial situation and risk profile questionnaire to calculate how much leverage can be provided. The result of the questionnarie may lead to a leverage from 1.5 to 4."

I must say I am a bit disappointed...

 

[AriaS]

My post about How to compound. Hope this will be of help to someone!