What is leverage? Example 1:200

 

Could someone please explain to me ?

By the way, do we need to pay taxes before any withdrawals being made on our trade account?

 
Hey. 
Yes you have to pay taxes accoording to your nation laws. 

Leverage means that your broker lends you money to increase your buying power.
 
ed4474:

Could someone please explain to me ?

By the way, do we need to pay taxes before any withdrawals being made on our trade account?

No, you pay tax to your government. Only scam brokers collect tax.