What leverage, commission and swap charges apply at ThinkCapital?

ThinkCapital leverage depends on the program, and trading is commission-free with standard spreads. Lightning uses fixed leverage of 1:30 on forex, 1:10 on metals and oil, 1:5 on indices and 1:1 on crypto. Dual Step and Nexus use dynamic leverage, which reduces in tiers as your open lot size grows. Bolt and Bolt Flex share their own margin schedule, with up to 1:100 on forex. Swap charges follow the rates published on the ThinkMarkets swap rates page.

Lightning (challenge and funded)

Forex: 1:30. Indices: 1:5. Gold/Silver: 1:10. Oil: 1:10. Crypto: 1:1.

Dual Step and Nexus: dynamic leverage

Dynamic leverage applies higher leverage to smaller exposures and scales down as your open lot size increases. It is applied progressively per tier, not as one flat rate.

Asset (example)	Lot range	Leverage
Forex (GBPUSD)	0 to 5.00	1:100
	5.01 to 10.00	1:50
	10.01 to 15.00	1:30
	15.01 to 20.00	1:15
	20.01+	1:10
Metals (XAUUSD)	0 to 0.50	1:30
	0.51 to 1.00	1:10
	1.01 to 1.25	1:5
	1.26 to 1.51	1:3
	Above 1.51	1:2
Indices (US30)	0 to 8.00	1:20
	8.01 to 16.00	1:10
	16.01+	1:5
Indices (SPX)	0 to 3.0	1:20
	3.01 to 6.0	1:10
	6.01+	1:5
Oil (WTI)	0 to 3.00	1:20
	3.01 to 6.00	1:10
	6.01+	1:5
Crypto (BTCUSD)	0 to 0.10	1:2
	Above 0.10	1:1

Example 1, 12 lots GBPUSD at 1.3000: one lot is £100,000, or $130,000 at this rate. 5.00 lots at 1:100 = $650,000 ÷ 100 = $6,500 margin; 5.00 lots at 1:50 = $650,000 ÷ 50 = $13,000; 2.00 lots at 1:30 = $260,000 ÷ 30 = $8,667. Total margin: $28,167. Margin moves with the GBP/USD rate.

Example 2, 1.00 lot XAUUSD at $2,400/oz: one lot is 100 oz, so $240,000 notional. 0.50 lot at 1:30 = $120,000 ÷ 30 = $4,000 margin; 0.50 lot at 1:10 = $120,000 ÷ 10 = $12,000. Total margin: $16,000.

Bolt and Bolt Flex: margin schedule

Bolt and Bolt Flex use their own margin-based schedule, separate from the Dual Step and Nexus tiers. The smallest forex positions get up to 1:100, and every larger tier is tighter. Cryptocurrency is not available on Bolt or Bolt Flex.

Asset class	Lot tier	Margin %	≈ Leverage
FX	0 to 0.30	1%	1:100
	0.30 to 1.00	2.5%	1:40
	1.00 to 3.00	6.66%	1:15
	3.00 to 6.00	20%	1:5
	6.00+	50%	1:2
Metals	0 to 0.04	5%	1:20
	0.04 to 0.12	10%	1:10
	0.12 to 0.30	20%	1:5
	0.30+	50%	1:2
Indices	0 to 2.00	5%	1:20
	2.00 to 5.00	10%	1:10
	5.00 to 10.00	20%	1:5
	10.00+	50%	1:2
Oil	0 to 0.50	5%	1:20
	0.50 to 2.00	10%	1:10
	2.00 to 4.00	20%	1:5
	4.00+	50%	1:2

Commission and swaps

ThinkCapital offers commission-free trading on all assets, with standard spreads applied. For swap charges, see the ThinkMarkets swap rates page.

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