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Apple CFD leverage at Questrade explained

Your expert
Krisztián G.
Fact checked by
Tamás D.
Updated
Feb 2024
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

What leverage can you use for Apple CFDs at Questrade as of February 2024?

The maximum leverage you can use at Questrade is 5:1 for Apple CFDs. This means that with a deposit of $1,000, you can potentially trade Apple CFDs worth up to $5,000, giving you five times the trading power based on your invested capital.

  • Leverage in CFD trading allows you to handle larger positions using lower funds.
  • While leverage has the ability to raise profits, it can also increase losses.
  • Traders must be mindful of margin requirements and potential margin calls while utilizing leverage.
  • Use lower levels of leverage and risk management to safeguard your account balance.

You should be aware that Questrade offers high fees for trading Apple CFDs compared to other brokers. This means there are some much better options out there, which you can find by reading our best CFD brokers list. Alternatively, you can make use of our fee calculator tool to find brokers that provide competitive rates and low fees.

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What is leverage?

Leverage in CFD trading is a powerful tool that enables traders to increase the size of their positions using a smaller amount of capital. It works by borrowing funds from the broker to open trades that are larger than the trader's available funds. While leverage offers the potential for amplified profits, it also comes with significant risks.

By using leverage, you can control positions that exceed their initial investment. However, it's important to understand that losses can be magnified as well. If the market moves against a leveraged position, losses can surpass your initial capital, potentially leading to margin calls.

Margin calls occur when the trader's losses approach a certain level, known as the margin level. To maintain the position, additional funds must be deposited. Failure to meet the margin call may result in the automatic closure of the position. Some brokers offer investor protection programs that set maximum loss limits or provide negative balance protection, which prevents traders from losing more than their account balance.

It's essential to approach leverage with caution and consider its risks. Amplified losses can erode the trader's account balance quickly, and emotional responses like fear and greed can cloud judgment. To manage risk, it is generally recommended to use lower levels of leverage, such as 3:1 or 5:1.

To learn more about leverage, check out our article that explains what leverage in CFD trading is.

Apple CFD fees at Questrade

Trading Apple CFDs offers the opportunity to speculate on the price movements of Apple shares without the need to own the actual stocks. When engaging in Apple CFD trading, you essentially enter into a contract with your broker that reflects the current market value of Apple. By buying or selling Apple CFDs, you can potentially make profits or suffer losses based on the fluctuations in the company's share price. However, it's important to note that there are always fees associated with trading CFDs.

Apple CFD fees
Apple CFD fee
$23.5 -
-
Apple CFD spread
0.0
-
-
Apple CFD financing rate
8.9%
-
-
Apple CFD
$10.1
-
-

Data updated on February 5, 2024

In addition to trading fees, there may be non-trading fees associated with trading at Questrade. To learn more about the costs check out Questrade's review where we break down all the fees and transaction costs involved.

In case you found the fee levels too high, check out our best CFD brokers article to get a better overview of your options.

Looking for a CFD broker?

If you are looking for the brokers that offer the best CFD trading conditions, check our top recommendations of the best CFD brokers in the world.

Read Best CFD Brokers article

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Further reading

Author of this article

Krisztián Gátonyi

Method-Man | Forex • Market Analysis • Stock Market

I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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