Forex Spread, Leverage, & Contracts

If I increase leverage does this increase the spread cost also?

OR

If I multiply the amount of contracts does the spread also multiply?

Thanks

Source.

 

Spreads and leverage are the most important tools of forex trading. They help a trader to maximize his profit and earn a lot of money. So, trader should choose those broker who are giving low spreads and high leverage. I am currently trading with [removed]. I choose them as my broker because they are giving me the lowest spreads which is 0.01 pips. They are also giving me high leverage up to 1:500. Their low spreads and high leverage help me to make profit easily.

 

Financial Spread Betting allows you to trade on price movements of a wide range of markets including Indices, Forex, Shares and Commodities. Choosing a Buy or Sell position on a market allows you to speculate on whether the price of your chosen market will rise or fall in value. Selecting a stake size then lets you decide how many pounds per point to stake; for every point the market price moves in the direction you predict, you will earn a multiple of your stake. Conversely if the market moves against you, you will lose a multiple of your stake for each point the market moves in the opposite direction.

 

leverage is one of the most important tools in forex market. It increases the investment ability. Traders generally choose those brokers which give more leverage than others. So it is a very important to choose a broker which has dynamic and high leverage. I choose [removed, pay to advertise] because of their high leverage which is 1:500. They don't change their ratio. It helps me to make more profit.