Capital amplification
Amplification describes a relationship between the capital a customer contributes and the trading capital allocated under a programme. A simplified 12X example turns $1,000 of contributed capital into a $12,000 trading-capital reference.
Broker leverage
Broker leverage concerns how much market exposure an account can support relative to margin. A maximum leverage figure describes capacity, not necessarily the exposure actually being used.
Two layers can coexist
An account can participate in an amplification programme and then use broker margin when positions are opened. Treating the programme multiplier as if it were the broker leverage ratio can produce misleading conclusions.
Why the distinction matters
Risk depends on actual position size, strategy behaviour, drawdown rules and programme terms. A headline multiplier alone is not enough to calculate maximum loss.