Multiplier allows you to borrow funds for your trades from the broker and trade with the amount that exceeds the amount the user deposited. The multiplier shows how many times the investment amount will increase compared to the user’s initial amount.
For example, the current BTC/USD price is $10,000.
The balance available at your Movo account is also $10,000, thus allowing you to buy precisely one bitcoin.
But with the leverage level of 1:3 you can buy 3 bitcoins for the total amount of $30,000, meaning that for each $1 on your Movo account, you can buy $3 worth of a coin.
The amount required by the broker to open the position and call an investment is $10,000.