Traders could choose a leverage range from 1 to 100 in contract trading. Once you choos a higher leverage, the margin requirement to open the same positions of contract will scale down. Leverage is inverse proportion to Margin.
If you choose to use a lever, the forced margin closeout price will change as well. The higher the lever, the higher the risk you are facing.
Hoo.com offers Fixed and Cross mode. You will use a 100x leverage if you were under a Cross mode. Under a Fixed mode, you chould select a integer leverage between 1 to 100.
At Hoo.com, 1 unit of BTC/USDT contract=0.01BTC, if traders choose a 1x leverage, the Margin = Value.
If traders choose a 100x leverage, his Margin=Value/100.
In this case,Value=0.01(BTC)*9961(USDT)*10(unit)=996.1(USDT)Frozen Margin=996.1(USDT)/100=9.96(USDT)
Traders could change his leverage even his order has already deal and hold a position.