Can I Change the Leverage While a Position Is Open on Pluang?

No. Once you open a leveraged position on Pluang, its leverage ratio is fixed and cannot be changed while the position stays open. Pluang currently offers 2x leverage and 4x Day Trade on its leverage-eligible US stocks, and the choice you make at the moment of opening applies for the life of that position. A 4x Day Trade position cannot be converted to 2x, and a 2x position cannot be converted to 4x Day Trade. If you want to trade the same stock at a different ratio, the only route is to close the existing position and open a new one at the ratio you want, which realises any profit or loss on the original position and starts a fresh position at current market prices. Because the ratio is locked in, it is worth deciding deliberately before you place the order.

• The rule: Leverage is fixed at the moment the position opens and cannot be edited afterwards.
• Both directions blocked: 4x Day Trade cannot become 2x, and 2x cannot become 4x Day Trade.
• Available ratios: Pluang currently offers 2x leverage and 4x Day Trade on leverage-eligible US stocks.
• The only workaround: Close the existing position, then open a new one at the ratio you want.
• Cost of switching: Closing realises the current profit or loss and the new position starts at current market prices.
• Practical implication: Choose the ratio deliberately before placing the order, since it cannot be corrected later.

Related questions:

Q: Why can't I just adjust the ratio on an open position?
The leverage ratio determines how much margin the position consumes and how much was borrowed against your USD Margin wallet, so it is part of the position's structure rather than a display setting. Changing it mid-life would change the loan itself. Pluang therefore treats the ratio as fixed from the moment of opening, in both directions, for both 2x and 4x Day Trade.

Q: What actually happens if I close and reopen at a different ratio?
Closing the position realises whatever profit or loss it currently carries, which is then reflected in your USD Margin Balance. The new position you open afterwards starts fresh at the market price at that moment, with margin calculated on the new ratio. You are not transferring the old position across, so the entry price and any unrealised gain on it do not carry over.

Q: Does this rule apply to 4x Day Trade too?
Yes, and with an extra constraint. A 4x Day Trade position cannot be converted to 2x to keep it overnight — it will still be force-closed 30 minutes before the exchange closes, at 03:30 WIB standard time or 02:30 WIB during Daylight Saving Time. If you want overnight exposure, you have to open a 2x position from the start rather than convert one later.

Q: Can I add to an existing leveraged position instead?
Placing another order creates its own position with its own ratio rather than editing the original one. Each leveraged transaction is subject to the 0.1 to 1,000 share unit limits, and each draws margin from the same USD Margin wallet. That means additional positions increase the total margin in use and therefore affect your shared Margin Level and Withdrawable Cash.