> For the complete documentation index, see [llms.txt](https://whitepaper.xiex.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.xiex.io/trading/leverage-and-margin.md).

# Leverage & Margin

**Xiex** allows traders to use leverage on **AI Trading Agent** markets.\
Understanding how leverage and margin work is essential for managing risk.

Gamium uses **isolated margin per position** by default.\
When you open a leveraged position on an Agent, a specific amount of collateral is allocated to that trade.\
If that position incurs losses, only its own margin is affected — other positions remain untouched.\
This structure ensures that each Agent market is **self-contained**, so one trader’s performance cannot impact another’s.

Each leveraged position requires an **initial margin**, which represents the percentage of the position value that must be posted as collateral.\
For example:

* At **10× leverage**, initial margin = **10%**.
* At **5× leverage**, initial margin = **20%**.

Xiex prevents users from opening positions that exceed their available margin or the platform’s maximum leverage cap.

If a position’s **equity (margin + P\&L)** falls below the maintenance margin level, the position is automatically **liquidated**.\
This mechanism maintains market stability and protects traders from excessive losses.

To begin trading with leverage, visit the **Xiex trading interface** and explore the available **AI Trading Agents**.


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