Selecting 1:500 Leverage when creating a MetaTrader account is only applicable to Forex markets (Max 1:500). The rest of the market has a fixed leverage as below: 

Metals 1:200 
Cryptos: 1:100
Stocks: 1:20 
Indices: 1:200 
Energies: 1:200
Forex: 1:500

Leverage for pairs with Swiss Franc - In a bid to protect our clients from potential shock volatility surrounding CHF, the following pairs  AUDCHF*, CADCHF*, CHFJPY*, EURCHF*, GBPCHF*, NZDCHF*, USDCHF* margin requirements will decrease to 1:50 as of August 20th, 2021.
Check the following for more information: click here.

Leverage for Ripple -  XRPUSD has been changed from 1:100 to 1:50 until further notice from January 3rd, 2021 due to the unstable situation as a result of the SEC filing proceedings against Ripple and its key Directors. 

With the recent volatility in the Silver market, many prominent liquidity providers together with multiple trading platforms are increasing the margin requirements for Silver (XAGUSD).

In order to guard our clients and their funds, the leverage for XAGUSD will be reduced to 1:100 as of market opening time on Thursday the 4th of February 

* Since the Market for certain Instruments is volatile, Leverage options are subject to change.