i'll explain my way of leverage to you, that most beginners understand
all examples are based on open trades of a lot size 0.01, not anything higher than that and with a $250 balance
Broker # 1 = Leverage 1:50
Acct balance = $250
can only open up max trades 1-2 (margin cost per trade is so high it eats up your balance until trade is close and returns the cost of the trade back to your balance)
Broker # 2 = Leverage 1:200
same as Broker 1 but u can open up max trades of 3 to stay in the safe zone
Broker # 3 = Leverage 1:500
max trades you can open is 4-5
Broker # 4 = Leverage 1:1000
max trades you can open is around 10-12 or all trades totaling 0.1 lot size
also margin cost changes per trading session, NY session cost the least and Asian/Sydney session is the most expensive, i don't trade London but i believe when i did it may have been the same as NY don't quote
me on it, but margin cost are much cheaper during the NY session in which my examples are based upon
hope this explains better and give you a broader spectrum of leverages