Brokers quote leverage as a setting. What matters is how big your position is compared with your whole account — and how far price can move before margin runs out.
Two different leverage numbers
A 100:1 account running one small position may be at 2x effective leverage. The same account with five positions open can be at 30x without a single setting changing.
The full market value of the position, not the margin.
Your broker or exchange setting for this instrument.
Total equity, so effective leverage can be calculated.
If it's inside normal daily range, the position is too large.
See the margin a position ties up, the leverage you are really running against your whole account, and how far price can move before margin is gone.
SimpleAlgo V5 draws volatility-based stop and target levels on your chart, so position size follows the market's range instead of the leverage you happen to have.
Guides, definitions and indicator pages on the same topic.