Risk & Acceptable Use

Leveraged FX and index perpetuals are high risk. Read this before you deposit, and only trade money you can afford to lose.

Key risks

Leverage: Small moves in an exchange rate cause large changes in your position's value. At high leverage a move of a few percent can liquidate you.
Emerging currencies: Some currencies can gap sharply on policy changes, capital controls or devaluations. Leverage caps are lower on these pairs for that reason.
Weekend and off-hours moves: Markets trade 24/7, but price feeds can pause. Orders placed while a feed is paused fill at the next live price, which may differ from the last one you saw.
Index gaps: Index perps only price during exchange hours. News while an exchange is closed can move the index sharply at the next open, past your liquidation price.
Funding: Holding the crowded side of a market costs funding over time.
Smart contract and chain risk: Deposits and withdrawals depend on Robinhood Chain, USDG and your wallet software working as expected.

No manipulation: Don't attempt to exploit stale prices, feed errors or bugs. Report them instead.
No abuse: Don't overload, probe or interfere with the service or other users.
No illicit funds: Don't use Levex to move proceeds of crime or to evade sanctions.
One honest user: Don't use multiple wallets to get around position or leverage limits.

We may cancel queued orders, restrict a wallet or pause markets when these rules are broken.