What leverage changes
Leverage does not make the underlying currency move more. It magnifies how much a given market move affects the capital supporting the position.
That means relatively small price changes can create large percentage gains or losses in the money committed to the position.
Margin is not a fee
Margin is collateral rather than a direct transaction charge. Platforms set margin requirements based on the product, leverage level and their own risk rules.
If losses reduce available margin too far, positions may be restricted or closed under the provider’s rules.
Why this matters
Leverage can make an otherwise modestly moving market highly risky. It also introduces platform-specific rules around margin calls, close-out levels and negative balances.
Any forex comparison that ignores leverage terms is incomplete.
General information only. Investment products can lose value, and terms, fees and regulation can change.