Sat, Oct 01, 2022

Leverage is the best trading tool and the most misunderstood. Many market participants, including professional ones and regulators, mistakenly associate it with high risk. We have researched hundreds of brokers to find the best high leverage Forex brokers, which offer clients a competitive edge.

High leverage serves a rather specific need in Forex trading. Here is the list of reasons for you to open account with broker offering 1:1000 or higher leverage:

  • You need to open big positions with small balance size.
  • You need to open a large number of smaller trades that sometimes have to be on concurrently.
  • You are using tight stop-loss with prudent risk management — your risk tolerance would allow you to open bigger positions unless limited by the margin requirement due to the broker's low leverage.
  • You are copying trades or following signals of a strategy that requires high account leverage.

Best High Leverage Brokers Reviewed

It is important to note that regulated forex brokers can only offer certain leverage limits to traders – which are based on the individual’s country of residence.

Limits are also determined based on whether the trader is a retail or professional client, as well as the respective asset class.

Nonetheless, in the sections below, we compare the 10 best high leverage brokers in the market right now.

 

Brokers ReviewsRatingDemoLeverageBonusPlatformsMin DepositPayments
OctaFX9yes1:500up to 50%MetaTrader 4, Metatrader 5, cTrader50Neteller, Skrill, Fasapay, Visa, Mastercard, Malaysian, Vietnamese, Indian, Indonesian, Bangladeshi local banks, Bitcoin, Unionpay
LiteFinance 8yes1:50030% + 15%Metatrader 4, Metatrader 5, WebTerminal10 Skrill, Webmoney, Bitcoin, Advcash, Credit Card
XM8yes1:888$30 no depositMetaTrader 4, Metatrader 5, XM Webtrader5Credit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer
AvaTrade 7yes1:400100% AvaTrader, MetaTrader 4, MetaTrader Floating Spread, Mac Trading, Web Trading, Mobile Trading, Automatic Trading, AvaOptions100Credit Cards, Debit Cards, Skrill, Wire Transfer, PayPal, Neteller, WebMoney
InstaForex 7yes1:1,000$100 No Deposit BonusMetaTrader 4, Metatrader 5, Webtrader1Some local Bank transfers, PayCo, AstroPay, Cryptocurrency
FxPro5yes1:500up to $1,000FxPro cTrader, FxPro cTrader Web, MT4 Client Terminal, MT4 MultiTerminal, MT4 WebTrader, MT4 Premium 100Credit/Debit Card, Bank Wire, PayPal, Neteller, Skrill
Dukascopy4yes1:500-Dukascopy250Wire, Bank Guarantee, Standby letter of Credit Segregated Accounts
PrimeXBT4yes1:1000PrimeXBT, Turbo1Credit Cards
HYCM4yes1:40025% up to $5,000Metatrader 4100credit cards, wire transfer, Skrill, webmoney
IronFX4yes1:50040%Metatrader 4100credit cards, Fasapay, neteller, qiwi, skrill, webmoney, wire transfer
CMTrading4yes1:40015% matchMetaTrader 4, Sirix200credit/debit cards, Wire transfer, CashU ,Skrill
Blueberry Markets4yes1:500MetaTrader 4100credit cards, wire transfer, POLi, Skrill
iFOREX3yes1:400-FXnet Trader100credit cards, wire transfer
FP Markets3yes1:50010% credit bonusMetaTrader 4 (MT4), IRESS, Mobile trading200credit cards, UnionPay, Neteller, Skrill (3% fee), Wire transfer, BPay and broker-to-broker transfer
Tickmill3yes1:500-MetaTrader 4, Webtrader100wire transfer (commission are charged), credit/debit cards, Skrill, Neteller, FasaPay, UnionPay and WebMoney
TenkoFX3yes1:500MetaTrader 4, Webtrader10Skrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi
Freshforex3yes1:1000+5% to each cryptocurrency deposit; get 300% for each depositMetatrader 41WebMoney, ePayService, Skrill , FasaPay, ADVCash, Perfect Money, Neteller, OnlineNaira NGN/USD, E-wallets for the Philippines, Visa/Mastercard/Maestro USD/EUR, Local Depositors, Bitcoin, Internet Banking
Pepperstone3yes1:500100% Match BonusMetatrader 4, Metatrader 5, cTrader, cAlgo, cMirror200bPay, credit cards, Paypal
CMCMarkets2yes500:1-Next Generation web-based1Credit cards, Wire Transfer
ActivTrades2yes1:400Metatrader 4, Activtrader100Credit Card, Wire transfer, neteller, skrill, sofort
Hotforex2yes1:1,000100% bonusMetatrader 4, mobile platform, rapid trader fix/api5credit cards, skrill, Unionpay, neteller, wire transfer, webmoney, fasapay
Alpari2yes1:50050% WelcomeMetaTrader 41Debit or Credit Card, Wire Transfer
Anzo Capital2yes1:1000MetaTrader 4100Webmoney, Skrill, Neteller, Credit Cards
CityIndex2yes1:400-MT4 (MetaTrader 4), Advantage Web, Advantage Trader, iPhone, Android, Windows Phone App, iPad and Tablet App100Credit/Debit Cards
Tifia1yes1:1,000Metatrader 4, webtrader10wire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay
RealTrade1yes1:50030% welcome bonusMetaTrader 420Credit Cards, WebMoney, and Wire Transfer
FXOpen1yes1:500$100MetaTrader 41Wire, WebMoney, AlertPay, CashU, c-gold, PerfectMoney
Fort Financial Services1yes1:1,000MetaTrader 4, CQG, Ninja trader, binary options5Credit cards, webmoney, Skrill, Neteller, perfect money, fasapay, wire transfer
MEX Exchange1yes1:500Metatrader 425Neteller, Skrill, Fasapay, UnionPay, Credit Cards, Wire Transfer
FBS1yesup to 1:3,000$123 Welcome BonusMetaTrader 4, Metatrader 5, Webtrading1credit cards, fasapay, Indonesia local banks, Neteller, okpay, perfectmoney, Skrill, Webmoney, wire transfer, Thai local banks, Exchangers, Malaysian banks and Bitcoin by Skrill
Synergy FX1yes1:500MetaTrader 4500credit cards, skrill, wire transfer
FXGiants1yes1:500MetaTrader 4500credit cards, neteller, paypal, skrill, unionpay, Webmoney, Wire Transfer
FXGlobe1yes1:500MetaTrader 4250Credit cards, Neteller, Skrill, Wire transfer
FXonus1yes1:500MetaTrader 4500Credit Cards, Skrill, Neteller, Wire Transfer, China Union Pay
FXoro1yes1:400Metatrader 4200credit cards, wire transfer, skrill, neteller, ecoPayz, CashU
FXprimus1yes1:500Metatrader 4100Bitcoin, China UnionPay, FasaPay, Neteller, Skrill, Wire Transfer
JCMFX1yes1:1,000MetaTrader 410credit cards, FasaPay, Wire Transfer, Neteller, Skrill
Larson&Holz1yes1:500Metatrader 4, Web Trader100credit cards, wire transfer, neteller, paypal, Yandex, liqpay, alfa click, beeline, mtc, perfect money
LCG1yes1:500MetaTrader 4, LCG Trader (web-based, ECN accounts only)1wire transfer, debit/credit cards, Skrill
LMFX1yes1:1,000100% match bonus, 15% recoveryMetatrader 4, Webtrader50credit cards, Fasapay, neteller, okpay, skrill, wire transfer
LQDFX1yes1:500MetaTrader 4, xStation20Wire transfer, Credit cards, Skrill, Neteller, Unipay, FasaPay, SoFort, iDeal
Paxforex1yes1:500No deposit $7 bonus – cannot withdrawMetaTrader 410Credit cards, FasaPay, Neteller, OKPAY, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire Transfer
Pricemarkets1yes1:400MetaTrader 4 ECN, Currenex ECN, Integral FX, Liquid-x, Hotspot FX500wire transfer, credit cards
Rallytade1yes1;1,000Metatrader 4, xStation (web-based), xSocial, xOptions100credit cards, neteller, skrill, Interswitch, Pocketmoni, etraszact, perfectMoney, WebMoney, VoguePay
Range Markets 1yes1:500Metatrader 4100Neteller, Credit Cards, wire transfer
Roboforex1yes1:500MetaTrader 4, cTrader1credit cards, QIWI wallet, webmoney, Yandex.money, RBK money, Skrill, FasaPay, CashU, Payoneer, China UnionPay, Neteller, Perfect Money
Tradersway1yes1:1,000Metatrader 4, ctrader0Skrill, Neteller, Perfect Money, Webmoney, QIWI, MonetaRu, EasyPay, Boletto, CashU
AGEA0yes1:500$5 no-deposit bonusStreamster, MetaTrader 41Credit Cards, Wire, Skrill, Webmoney, e-Dinar, Neteller, FasaPay, Perfect Money
FxGlory0yes1:3,00050% up to $1,000MetaTrader4, Mobile1Credit/debit cards, Paypal, Bitcoin
Orbex0yes1:500MetaTrader 4500Skrill, Neteller, Wire Transfer, Credit Cards, CashU, Webmoney
AccentForex0yes1:50050%MetaTrader 410WebMoney, OkPay, Skrill, Wire Transfer, Credit Cards
GrandCapital0yes500:1$500 no depositMetaTrader 4, WebTrader10Credit card, Neteller, Webmoney, CashU, Fasapay, Scrill, Webmoney
Alvexo0yes400:1-MetaTrader 4, WebTrader, Mobile5000Cash-U, Credit Card, Webmoney, Wire Transfer
RubixFX0yes400:1-MetaTrader 4500Wire Transfer, Credit Cards
Juno Markets0yes1:400-MetaTrader 4500neteller, skrill, credit cards, wire transfer
Eightcup0yes1:500Metatrader 4100
Swissmarkets0yes1:500Metatrader 4, Webtrader200credit cards, wire transfer, neteller, skrill, iDEAL, giropay
Trade3600yes1:1,00035%, $60 no deposit for real accountTrade360100credit cards, skrill, neteller, wire transfer
ForexMart0yes1:1,000$150 no deposit neededMetatrader 41credit cards, Neteller, Skrill, Paypal, Paxum? Bitcoin
Forexee0yes1:500Special trading commission $1, Welcome Bonus $15 for STP, 0% commission for depositsMetaTrader 450Credit Cards, Webmoney, Wire Transfer, Skrill, Neteller, Bitcoin, Bitcoin Cash, litecoin, Fasapay, etherium, Payza, Perfect Money
LH-Crypto0yes1:500Metatrader 4, Metatrader 510Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, DASH, Ripple, NEO, Visa, MasterCard, Web Money, QIWI, wire transfer
1Market0yes1:400Webtrader, Metatrader 5250credit cards, bank wire transfers, Neteller, Skrill, Sofort, Rapid, PaySafe Card and Volt
HonorFX0yes1:500Metatrader 5100Credit Cards, Neteller, Skrill, Paypal, Bitpay, Fasapay, Perfect Money
MarketBull0yes10001:1000100% match the depositMetatrader 41000Credit Cards, Neteller, Skrill, Bank Wire Transfer
CedarFX0yes1:500MetaTrader 4 50Credit Card, Bank Wire, Bitcoin
GCI Trading0yes1:40050% on depositMetaTrader 4, ActTrader500Bank Wire Transfer, Credit Card, Neteller, Skrill
Axi0yes1:400Metatrader 4200Debit and Credit Cards (Visa, Master, Maestro, JCB) Neteller Skrill/Moneybookers Global Collect (only for Australian clients) BPAY (only for Australian Clients) China Union Pay (only for Chinese residents) Bank Transfer Broker to Broker Transfer

What is the best leverage for trading?

Typically, 100:1 leverage is the maximum needed to offer you flexibility in various trading techniques although there is no perfect level for every trader. The desirable leverage is dependent on your own circumstances, experience, and attitude to risk. Some traders may want to use no leverage at all, whereas you are experienced it can be a great way to fully exploit trading strategies with minimum capital requirements.

What leverage is best for newbie?

If you are at very beginning in trading, first learn deeply how to operate trading safely and use leverage smartly. It is recommended to choose among the best brokers for beginners since those brokers offering educational materials and support you at first steps and it is best not to use the highest leverage ratios at the very beginning.

What Are the Pros and Cons of Using a Broker’s Leverage?

Before deciding on a leveraged account, traders should consider the pros and cons of using Forex brokers with high leverage.

The Pros of Using High Leverage Forex Brokers

  • High leverage allows traders with smaller portfolios to diversify their trades.

  • It provides a boost to the profit, but also the loss potential of a trading account.

  • Traders can deploy advanced and sophisticated trading strategies with less capital.

  • High leverage provides more freedom and flexibility.

  • Skilled traders can achieve their trading goals from a lower capital base.

The Cons of Using High Leverage Forex Brokers

  • Unskilled traders can lose their entire deposits.

  • Swap rates eat into the cash balance if traders keep positions open for too long.

  • New traders fail to implement risk management and engage in reckless trading.

  • Leveraged trading requires skill, knowledge, discipline, and the execution of strict risk management.

  • Most traders use high leverage in underfunded trading accounts and spike their risk profile.

 

What to Look for in a High Leverage Forex Broker

Choosing a forex broker depends not only on your trading preferences but also the country you live in. United States forex traders won’t be able to use the highest available leverage or use popular trading programs like MetaTrader 5. When you pick a broker, here are a few things to pay attention to:

Margin Requirements

In the United States, margin requirements are limited to 2% (50:1 leverage). Internationally, you can lever trades up to 500:1 on most major currencies. You don’t need to use high leverage on all trades, but make sure to pick a broker with limits that work for you.

Commissions and Fees

Forex brokers make money in two ways: from commissions or from the spread. Many brokers have spread-only and commission accounts available, and commission accounts get reduced spreads. Brokers have fee charts on their websites. Make sure you understand all charges before you open an account.

Support for Trading Software

Many forex brokers have their own proprietary trading software, but also offer popular platforms like MetaTrader 4 and cTrader. If you like to trade using MetaTrader 4, make sure the broker you choose supports it!

Account and Trade Minimums

Capital required to open an account varies by the broker, as does the amount needed to complete a trade. Some brokers may have no account minimum, but all will have trade minimums.

Why Leveraged Trading is Beneficial?

Traders benefit from leveraged trading because they get to use larger amounts of money without risking their own money. Their potential reward is higher if they trade correctly, while their personal wealth is less exposed to risk.

In the right circumstance, leverage can be an extremely powerful tool for traders. However, they should be aware that leverage comes with risk, so the greater the leverage, the smaller the margin of error. 

Conclusion

High leverage forex brokers are as good an option for traders as any other category. Many traders appreciate the high leverage and minimum deposit combination. This way, it is easy to test the brokerage house under live trading conditions and decide if it is the best solution for a long-term partnership.

Other traders do not simply want high leverage conditions, but rather high leverage with low spreads for an improved scalping performance. Many scalpers choose ECN forex brokers, which offer high leverage mixed with raw ECN spreads and commissions.

High leverage forex brokers generally offer staggering execution and market conditions suitable for most types of traders. All traders need to do is to pick the right trading account and adjust the money management in such a way to balance the risks involved with high leverage trading.

To summarise, the most significant advantage of high leverage brokers is that traders get to make the most of their capital.

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