Leverage means you can have a small amount of capital in your account controlling a larger amount in the market.
With 100:1 leverage you are effectively using $1 to hold $100 dollars. With 500:1 leverage will enable you to hold $500 using $1.
We would suggest that you check the best option for you with your mentor if you have one or conduct an internet search to understand the concept fully.
Depending on the pair/instrument that you trade with, different leverage options may apply.
To see more about what kind of leverage we offer, please click here.