What is leverage for US Stocks on Pluang?
Leverage on Pluang lets you open a US Stock position larger than your own balance would normally allow, by borrowing part of the position's value. Two ratios are available: 2x leverage, which can be held overnight into the next trading day, and 4x Day Trade leverage, which must be closed before the trading session ends and can never be carried overnight. With 2x leverage, a $100 top-up gives you roughly $200 in buying power; with 4x Day Trade, that same $100 gives you around $400. Because leverage multiplies both directions, a move that would be a $10 gain or loss on a $100 non-leveraged position becomes about $20 with 2x leverage or $40 with 4x Day Trade. Leverage only applies to stocks Pluang has marked eligible, filterable from the Explore page. Holding a 2x position past market close triggers a Daily Leverage Fee, while 4x Day Trade positions never incur that fee since they must close within the same session.
- Two ratios: 2x leverage (can hold overnight) and 4x Day Trade leverage (must close same session, no overnight holding)
- Buying power example: a $100 top-up becomes ~$200 buying power at 2x, or ~$400 at 4x Day Trade
- Amplified moves: gains and losses scale with the ratio — a $10 move on $100 becomes $20 at 2x or $40 at 4x
- Eligible stocks only: leverage is available only on stocks Pluang has flagged, filterable on the Explore page
- Fee difference: 2x positions held past market close incur a Daily Leverage Fee; 4x Day Trade positions do not, since they cannot be held overnight
Related questions:
Q: What's the difference between 2x leverage and 4x Day Trade leverage on Pluang?
2x leverage can be held overnight and into future trading sessions, giving you flexibility to hold a position for as long as you want, subject to margin requirements. 4x Day Trade leverage offers double the buying power of 2x, but the position must be closed before the trading session ends — Pluang auto-closes any remaining 4x Day Trade position shortly before market close. Because it never carries overnight, 4x Day Trade also never triggers a Daily Leverage Fee, unlike 2x leverage.
Q: How much buying power do I get with leverage on Pluang?
With 2x leverage, every $100 in your USD Margin balance gives you roughly $200 in buying power, meaning you can open positions worth about double your balance. With 4x Day Trade leverage, that same $100 gives you around $400 in buying power — four times your balance — but only for positions you plan to close within the same trading session, since 4x Day Trade cannot be held overnight.
Q: Which US Stocks can I trade with leverage on Pluang?
Only stocks that Pluang has specifically flagged as leverage-eligible can be traded this way — not every US Stock on the platform supports leverage. You can find the full eligible list by going to the Explore page, selecting the US Stocks tab, and applying the leverage filter, which narrows the list to stocks you can buy using either 2x or 4x Day Trade leverage.
Q: Do I get charged extra for using leverage on Pluang?
It depends on the ratio and how long you hold. 2x leverage positions held past market close are charged a Daily Leverage Fee every calendar day, including weekends, for as long as the position stays open. 4x Day Trade positions never incur this fee, because they must be closed before the trading session ends and can't be carried into the next day.