## What are maximum position, maximum leverage, and Initial Margin Rate?

The leverage amount that's available to you is contingent on the notional value of your position. This means that the amount of leverage decreases as your position size increases. You have the flexibility to adjust the leverage to meet your specific requirements and all position sizes are calculated based on the notional value of the contract. Therefore, the leverage you choose directly affects the Initial Margin.

## What is the Maintenance Margin?

**Maintenance Margin = Notional Position Value * Maintenance Margin Rate**

## Maintenance Margin Rate

## Leverage and Margin

*Rule update time: 2023/06/06 16:00 *

*Please note that in the event of abnormal price fluctuations and extreme market conditions, Bitforex will take additional measures to maintain market stability, including but not limited to:*

*Adjusting the maximum leverage ratio**Adjusting position limits for different tiers**Adjusting maintenance margin ratios for different tiers.*

Tier | Position (USDT nominal value.) | Max. Leverage | Maintenance Margin Rate |

1 | 0 - 50,000 | 1x | 0.40% |

2 | 50,000 - 250,000 | 100x | 0.50% |

3 | 250,000 - 3,000,000 | 50x | 1.00% |

4 | 3,000,000 - 15,000,000 | 20x | 2.50% |

5 | 15,000,000 - 30,000,000 | 10x | 5.00% |

6 | 30,000,000 - 80,000,000 | 5x | 10.00% |

7 | 80,000,000 - 100,000,000 | 4x | 12.50% |

8 | 100,000,000 - 200,000,000 | 3x | 15.00% |

9 | 200,000,000 - 300,000,000 | 2x | 25.00% |

10 | 300,000,000 - 500,000,000 | 1x | 50.00% |

**FAQ: **

**Q:** Can I adjust the leverage of my position?

**A: **If your position is in cross-margin mode, you can use the "Adjust Leverage" button to increase or decrease the leverage multiplier. If your position is in isolated margin mode, you cannot reduce the leverage ratio.

## Insurance Clearance Fee

When a user's position is liquidated, a certain percentage of the Insurance Clearance fee will be collected and contributed to Insurance Fund reserves(Usually refers to the remaining maintenance margin), marked as ''Insurance Clearance'' in the Transaction History.

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