Paying back leverage on selling

Beginner Questions
1

Hi all,

I’ve used the search tool to search for threads about paying back used leverage on profit. But couldn’t find one that answers my question.

Let’s say my deposit is £350. 1:10 leverage enables me to use £3500.

And I buy crude oil (wti) £3160.

P&L indicator says £2000 and I sell it. Does this mean I owe the broker (plus500) £3160 - my deposit?

I suppose my main question is: Do I have to payback the leverage used. Which means I bed to make sure when I sell I need to sell when I profit £3150 and more?

2

No you dont pay back leverage. In fact you never see the leverage. You only see what’s in your account. Even when you open a position it’s only your money that’s at risk not the leverage.

3

Thanks alot for your response. Great help.