The multiplier is calculated by dividing your Allocation Account funds by your Trading Account funds.
Formula: Multiplier = Allocation funds (Equity) ÷ Trading funds (Equity)
The multiplier determines how many times your trades are scaled in your Allocation Account.
Example (Incubation stage): $15,000 (Allocation) ÷ $1,500 (Deposit) = x10 multiplier.
The multiplier is set at the start of each stage based on your equity at that point — not recalculated mid-stage.
If you deposit additional funds during a stage, only the multiplier will be recalculated (and decreased), not your overall Allocation Account balance.
The multiplier changes as you progress through stages. Stage multipliers: Seed x10, Incubation x10, Acceleration x25, Pro x40, Pro 500 x50, Pro M x50. Maximum funding caps: Seed $5,000, Incubation $20,000, Acceleration $100,000, Pro $200,000, Pro 500 $500,000, Pro M $1,000,000.
See the Axi Select Pathway in your Client Portal for the multiplier at each stage. For the full multiplier per stage, refer to: What are the requirements and benefits for each Axi Select stage?