whaleclub.co 20x leverage I DONT GET IT

[YeahIGotIt]

Hey guys,

I´ve started a demo account on the whaleclub.co to see how it works and there are some things that don´t make sense. Or maybe you can tell me where is my error.

So I opened a BUY position of 1 BTC with 20x leverage.
I got a +66% return.
And it says it equals to +0.031 BTC.

WTF. It should be +0.66 BTC. Shouldn´t it?

Here´s a screenshot of the position:
https://imgur.com/a/nt3l8

I´ll appreciate if some one can explain me how this works, or if it´s a theft.


I imagine that if the price go up by 5%, 1 BTC with a 20x leverage becomes 2 BTC, and if it goes down by the same amount, its all lost. Is it this way?

[1713947553]

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[1713947553]

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[Johan555]

It's a 62.07% return on your margin (the amount that you actually risked). The margin was 0.05 BTC so a 0.031 BTC return (62.07% of 0.05) sounds about right

[slaman29]

Be extremely careful when you trade with margins, various sites have various terms on how they perform forced liquidation, and most traders can't even think beyond 2x leverage, much less 20x leverage. Both complaints posted above seem unwarranted. Just trade 1:1 if you have problems with simple mathematics. Sorry to be harsh but you guys should really understand what you're getting yourselves into with margins and with futures trading.