10 Best High Leverage Forex Brokers in 2024
Best High Leverage Forex Broker - TenTrade
Top Brokers With High Leverage:
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TenTrade – Variety of trading options (personal or funded account, social trading);
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RoboForex – Best Forex broker for beginners ($10 min. deposit, copy trading);
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Pocket Option – Best for Social Trading (top rated service by customers);
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Exness – Best raw spread account (avg. spread for major FX pairs 0.1-0.2 pips);
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Eightcap – Best broker to trade directly from TradingView charts;
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FBS – A reliable broker with affordable offers (ASIC regulation, min. deposit 5$).
You can obtain bigger profits than by solely trading with the money you’ve initially deposited — but while this way of trading provides ample opportunities for traders, it also comes with more risk. If you’re interested in trading at high leverage, there are several crucial factors to keep in mind — the trading conditions on various platforms, international regulations that govern them, minimum deposits, and of course, the maximum leverage. With that in mind, our team of experts has come up with an extensive overview of the best high leverage brokers, to give you a sense of where the best trading conditions will be in 2024.
Warning:
There is a high level of risk involved when trading leveraged products such as Forex/CFDs. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
High Leverage Brokers Comparison
| Broker | Max Leverage | Minimum Deposit | Cent Account | Regulation |
|---|---|---|---|---|
1:500 |
$100 |
No |
FSA (Seychelles) |
|
1:2000 |
$10 |
Yes |
FSC (Belize), The Financial Commission |
|
1:1000 |
$5 |
No |
Unregulated |
|
1:2000 |
$1 |
No |
FCA UK, BVI FSC, CySec, FSCA SA, FSC (Mauritius), The Financial Commission |
|
1:500 |
$100 |
No |
FCA UK, CySec, ASIC, SCB |
|
1:3000 |
$5 |
Yes |
CySec, ASIC, FSC (Belize) |
|
1:500 |
$0 |
Yes |
Unregulated |
|
1:500 |
$25 |
No |
CySec, SVG FSA |
|
1:500 |
$50 |
Yes |
FCA UK, VFSC, ASIC, FSCA SA, The Financial Commission |
|
1:500 |
$100 |
No |
FCA UK, CySec, FSCA SA, SCB |
Best High Leverage Broker in 2024 Reviews
TenTrade
In addition to a free demo, a trader can open one of three real account types — Pro, ECN, or Bonus. The accounts differ in spreads and commissions. Spreads start from 0 pips, and the trading fee is either absent or amounts to $3.5 per full lot. This broker provides access to the following markets: currency pairs, NFTs, CFDs on indices, stocks, commodities, and cryptocurrencies. The leverage ranges from 1:1 to 1:500, with no trading restrictions; and scalping, hedging, news trading, and the usage of advisors are all allowed. The company offers a proprietary copy trading service for passive user earnings. TenTrade also provides traders with its prop capital for trading after they pass the evaluation. There are five tariffs with a one-time fixed fee starting from $300, and the company provides up to $500,000. A unique service is the Ten Academy, which includes dozens of tools for technical and fundamental analyses and plenty of educational materials. The platform regularly hosts lectures and seminars, and there is a personal coach service available.
| 💻 Trading platform: | MT5 |
|---|---|
| 📊 Accounts: | Demo, Pro, ECN, Bonus |
| 💰 Account currency: | USD, EUR, GBP |
| 💵 Replenishment / Withdrawal: | Bank transfer, Visa, Mastercard, wire, Neteller, and Skrill |
RoboForex
RoboForex is a well-established brokerage company offering a broad spectrum of trading opportunities for active traders and investors alike. With an impressive selection of over 12,000 financial instruments - including currency pairs, CFDs on stocks, indices, metals, energies, and futures - RoboForex provides a versatile trading environment.
The broker boasts competitive trading conditions: tight spreads starting from 0 pips, high leverage up to 1:2000, and fast execution speeds. The broker also offers the CopyFx investment program, which allows traders to copy the strategies of successful investors and earn passive income. Additional perks include instant fund withdrawals and some of the industry’s highest affiliate payments (up to 84%).
RoboForex prioritizes reliability and client satisfaction, establishing itself as a trusted partner for traders worldwide.
| 💻 Trading platform: | МТ4, МТ5, R StocksTrader, R MobileTrader, R WebTrader |
|---|---|
| 📊 Accounts: | ProCent, Pro, ECN, Prime, R StocksTrader |
| 💰 Account currency: | USD, EUR, GOLD |
| 💵 Replenishment / Withdrawal: | SEPA, Bank transfer, Skrill, Neteller, AdvCash, Perfect Money, Visa/Mastercard, AstraPay, NganLuong Wallet, JCB. |
Pocket Option
Pocket Option caters to both Forex and binary options traders, offering a wide range of trading instruments, a copy trading service, and passive income opportunities.
Clients can trade CFDs on currencies, cryptocurrencies, stocks, indices, and commodities with spreads starting from 1.2 pips and no additional commissions per lot. Pocket Option's unique "My Safe" service offers up to 10% annual interest on unused account balances.
While the platform excels in serving active traders, its demo accounts and referral program also offer value to beginners. However, the lack of cent accounts and ECN options could be a drawback for certain professional traders.
| 💻 Trading platform: |
Pocket Option (web and mobile); MetaTrader 4/5. |
|---|---|
| 📊 Accounts: |
Quick Trading/QT for binary options, MT4, MT5, and Shares Trading. |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Bank transfers, bank cards, cryptocurrencies, Skrill, Neteller, AdvCash, Perfect Money, and other e-wallets |
Exness
Exness is one of the world’s largest brokers, known for its competitive trading conditions, high security, and wide selection of assets. The company serves over 700,000 active clients and processes a monthly volume exceeding $4 trillion.
While specializing in currency pairs, Exness also offers CFDs on stocks, commodities, indices, and cryptocurrencies. The broker caters to all experience levels with various account types – from cent accounts and social trading for beginners to high leverage and Expert Advisor support for seasoned professionals.
Exness holds multiple international licenses, including the stringent FCA and CySEC, ensuring trader funds are protected.
With features like 24/7 support, fast withdrawals, and analytics tools, Exness strives to provide an optimal trading experience.
| 💻 Trading platform: | MetaTrader 4/5 (desktop, web, and mobile), Exness Terminal (web), and Exness Trade App (mobile) |
|---|---|
| 📊 Accounts: |
Standard type: Cent, Standard, and Plus Professional type: Pro, Zero, and Raw Spread |
| 💰 Account currency: |
EUR, USD, GBP, CAD, AUD, and CHF for all account types; 38 more currencies for non-cent account types |
| 💵 Replenishment / Withdrawal: | Skrill, Neteller, Perfect Money, BTC, USDT, USDC, VISA, VISA Electron, Mastercard, Maestro, and internet banking |
Eightcap
Eightcap is a leading Forex and CFD broker, offering over 800 trading instruments, including currency pairs, cryptocurrencies, indices, stocks, and commodities. With tight spreads starting from 0 pips, leverage up to 1:500, and no withdrawal fees, Eightcap provides a competitive trading environment. The broker is regulated by top-tier authorities such as ASIC and FCA, ensuring a secure trading experience.
Comprehensive educational resources, advanced analytics, and innovative functionality such as code-free automated trading through Capitalise.ai and enhanced order execution with FlashTrader distinguish the platform from others.
Though Eightcap does not offer passive income opportunities or joint accounts, it is a popular choice for those seeking a reliable and feature-rich broker.
| 💻 Trading platform: | MetaTrader 4, MetaTrader 5, and TradingView |
|---|---|
| 📊 Accounts: | Standard, raw, demo |
| 💰 Account currency: | AUD, USD, GBP, EUR, NZD, CAD, and SGD |
| 💵 Replenishment / Withdrawal: | Visa, MasterCard, POLI, wire transfer, BPAY, UnionPay, Skrill, Neteller, BTC and ETH wallets, PayPal, WorldPay, FasaPay, PayRetailers, and PSP |
FBS
FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.
| 💻 Trading platform: | MetaTrader 4, MetaTrader 5, FBS Trader |
|---|---|
| 📊 Accounts: | Standard account, cent account, demo standard account, demo cent |
| 💰 Account currency: | EUR |
| 💵 Replenishment / Withdrawal: | Cards: Visa, MasterCard; e-wallets: Skrill, Neteller, Wire Transfer, Rapid Transfer |
TeleTrade
TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:500) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.
| 💻 Trading platform: | MT4, МТ5 |
|---|---|
| 📊 Accounts: | ECN, NDD, CENT, Demo |
| 💰 Account currency: | Euro, dollar |
| 💵 Replenishment / Withdrawal: | Visa, MasterCard, Skrill, Neteller, Fasapay e-wallets and bank transfer |
Octa
OctaFX is a reputable broker that offers competitive trading conditions on 300+ instruments, with spreads from 0.6 pips and zero non-trading commissions. The broker provides access to popular MT4/5 trading platforms and a proprietary OctaTrader platform with advanced features.
The company offers bonuses, contests, and a comprehensive education section to enhance traders' skills. With a strong focus on the Asia-Pacific region and a growing global presence, OctaFX has earned numerous awards for its services.
While passive investment options are limited to copy trading, OctaFX's overall trading environment and excellent customer support make it an attractive choice for traders seeking a reliable and user-friendly experience.
| 💻 Trading platform: | MetaTrader 4, MetaTrader 5, OctaTrader |
|---|---|
| 📊 Accounts: | Demo, Octa MT4, Octa MT5 |
| 💰 Account currency: | USD, EUR |
| 💵 Replenishment / Withdrawal: | Bank transfer, Neteller, Skrill, Visa/MasterCard, Bitcoin, cryptocurrency, instant bank transfer, local banks, e-wallets |
Vantage Markets
Vantage Markets is a multi-asset broker offering a vast array of 1,000+ trading instruments, including currency pairs, CFDs on stocks, indices, commodities, energy, and ETFs. Holding licenses from reputable regulators like the FCA and ASIC, Vantage Markets ensures a level of security and trust for its clients.
The broker provides a choice between spread-based and commission-based account types, with leverage up to 1:500 on Forex pairs. Its PRO ECN option particularly stands out with commission starting from $1.5 per lot, making it attractive for high-volume traders.
Alongside the popular MetaTrader 4/5 platforms, the broker offers proprietary trading platform ProTrader and a convenient Vantage App. Additionally, Vantage Markets integrates with TradingView, enabling direct trading from the popular charting platform.
| 💻 Trading platform: | Vantage Markets app, МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), WebTrader, ProTrader |
|---|---|
| 📊 Accounts: | Demo, Standard STP, Pro ECN, RAW ECN, SWAP FREE |
| 💰 Account currency: | AUD, USD, GBP, EUR, SGD, and CAD |
| 💵 Replenishment / Withdrawal: | Bank transfer, Visa and Mastercard, Neteller, Skrill, FasaPay, Thailand Instant Bank, and PayPal payment systems |
FxPro
FxPro is a well-established broker offering traders access to over 2,100 financial instruments across multiple asset classes, including Forex, stocks, commodities, indices, and cryptocurrencies. It is regulated by reputable authorities – FCA, CySEC and others.
The broker stands out with its focus on technology and offers an average order execution speed of 14-30 ms, setting a market benchmark. FxPro also provides an impressive suite of trading tools and educational resources, such as Trading Central analytics. The minimum deposit of $100, however, is higher than some competitors.
With a company capital exceeding 100 million euro, and a track record of reliability, FxPro stands out as a top-tier choice for traders looking for a secure and dynamic trading environment.
| 💻 Trading platform: | MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge |
|---|---|
| 📊 Accounts: | FxPro MT4 Instant (with fixed spreads), FxPro MT4 Instant (with floating spreads), FxPro MT4, FxPro MT5, FxPro cTrader |
| 💰 Account currency: | USD, EUR, GBP, CHF, AUD, PLN, ZAR and JPY |
| 💵 Replenishment / Withdrawal: | VISA/MasterCard, Maestro, UnionPay, Cryptocurrency transfers, Perfect Money, Skrill, Neteller |
Top 5 Brokers With High Leverage Trading Conditions
| TenTrade | RoboForex | Pocket Option | Exness | Eightcap | |
|---|---|---|---|---|---|
| Margin Call / Stop Out: | 100% / 50% |
60% / 40% |
30% / 50% |
No / 60% |
80% / 50% |
| Spread: | 0 points |
0 points |
1.2 point |
1 point |
0 points |
| Orders execution: | Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Useful Forex Facts & Insights
Top 2 Largest Brokers By Daily Trading Volume
The trading volume of a Forex broker is a key indicator of high liquidity. Typically, such brokers offer tighter average spreads and allow trading major currency pairs without slippage at any volume. Traders Union has selected the top 2 Forex brokers that accept clients from your country based on their monthly trading volume.
| Broker | Average Daily trading volume ($, billion) |
|---|---|
7.8 |
|
2.18 |
How to Choose a Broker with High Leverage
Choosing a broker with high leverage can be a daunting task, as there are many factors to consider besides just the leverage ratio. Here's a step-by-step guide to help you make an informed decision:
1. Evaluate the broker's trading conditions
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Commissions and spreds can significantly impact your profitability, especially with leveraged trading.
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Consider brokers that offer ECN (Electronic Communication Network) accounts, which provide direct access to the market and potentially tighter spreads.
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A VPS (Virtual Private Server) can be beneficial for high-leverage trading, as it offers uninterrupted access to trading platforms and strategies.
2. Verify leverage availability in your jurisdiction
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Regulatory restrictions. Leverage restrictions vary by country. In the EU, US, Canada, UK, and Australia, maximum leverage is often limited to 1:30-1:50.
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Offshore brokers may offer higher leverage, but they may not be regulated, increasing the risk.
3. Test the broker's platform and liquidity
Open a demo account or start with a cent account to test the broker's platform, execution speed, and liquidity.
Sufficient liquidity is essential for high-leverage trading to avoid slippage and ensure smooth order execution.
4. Start with caution and gradually increase leverage
Start with lower leverage ratios and gradually increase them as you gain experience and confidence.Maximum leverage is not always recommended, as it can amplify losses significantly. Remember, high leverage is a double-edged sword. It can magnify profits but also magnify losses. Choose a broker wisely, start cautiously, and always manage your risk effectively.
How Does Forex Leverage Work?
Leverage works the same way even with a much higher ratio like 100:1, but the impact is significantly stronger. Let's revisit the example of buying $10,000 worth of euros. With 100:1 leverage, you'd only need $100 (1% of $10,000) as your margin deposit. This means a tiny $100 controls a much larger position, making potential profits much bigger. If the euro rises, you'd see a substantial gain on your initial $100.
However, the risk is also amplified. Even a small downward movement in the euro could wipe out your entire $100 deposit. The broker might issue a margin call much faster due to the smaller buffer zone between your deposit and the total position value. Therefore, while 100:1 leverage offers the potential for magnified returns, it also comes with an extremely high risk of losing your entire investment very quickly. This type of leverage is generally not recommended, especially for beginners.
Should I Use High Leverage?
If you’re a beginner in the world of training, we recommend sticking to low leverage levels at first. Protect your capital and reduce potential downsides with trailing stops, and limit the capital you invest into each individual position to 1% of your total capital for trading.
Remember, high leverage is useful — but only if you’re familiar with proper risk management strategies. If not, that sort of trading is best left to more experienced traders that can navigate the waters more successfully. In short — leverage is useful, but risky for beginners.
What Leverage To Choose?
Beginners should be more conservative about taking on a lot of risk through high leverage — especially if you’re still learning the ropes when it comes to trading currencies. Total beginners shouldn’t go above 1:30, though 10:1 and 5:1 might be even better. Once you start trading at a professional level, you’ll be able to make use of higher leverages more effectively.
Forex Leverage Limitations
As you might know already, all Forex brokers have a base country where they operate from — and depending on where they are and where their traders are from, these brokers are under the jurisdiction of various legal systems.
Sometimes, these legal systems create trading limitations to protect small, inexperienced investors from major losses. For instance, the US, UK, and EU all have various limits on how much leverage brokers can offer to their citizens.
In the United States, individuals whose total asset value is below $10 million can only make use of leverage up to 50:1, at least for the eight major currency pairs. On the other hand, the leverage limit for exotic currencies is set at 20:1.
Similarly, amateur traders in the UK and European Union have a maximum available leverage of 30:1 — though professional traders with higher assets don’t have such limits.
Advantages and disadvantages of trading with leverage
Here is a closer look at the pros and cons of trading with leverage:
👍 Pros
•Amplified Profits: When trading with leverage, you invest one sum of money, and if the trade produces a profit, it is much higher than it would have been without the added leverage.
•Access to Higher Value Stocks: Trading with leverage also gives traders access to higher-value stocks.
•Diversification: Through leverage, traders can diversify their portfolios more effectively by allocating capital across a variety of positions. This enables them to employ various hedging strategies.
•Profit from Minor Price Fluctuations: Leverage grants traders the opportunity to capitalize on strategies tailored to minor price fluctuations, which could have been unprofitable without the aid of leverage.
👎 Cons
•Magnified Losses: While trading with leverage can enable users to earn more, they can also lose more money.
•More Fees: Trading with leverage also means traders must pay more fees.
•Overtrading: The increased capital accessibility may entice traders into overtrading. They may find themselves drawn into markets that they haven’t sufficiently researched or grasped.
•Risk of Ruin: Trading with leverage substantially elevates the risk of losing a significant part or even the entirety of one's trading capital. The allure of higher potential profits may divert traders from adhering to risk management principles, thereby exposing them to elevated risks.
Expert Opinion
Trading with high leverage significantly increases the earning potential in financial markets. However, it's crucial not to forget about increased risks. If a trade is unsuccessful, you risk not only your funds but also borrowed funds. Experts recommend using high leverage only for traders well-versed in risk management rules. When choosing a broker for margin trading, it's important to consider adherence to international rules (leverage limits may vary across jurisdictions), commissions, quality of client support, and the range of available trading instruments.
FAQs
What is the best leverage for $50 account ?
A cent account allows you to trade in much smaller denominations (like cents of a dollar). This is a better option for a small account as it lets you practice trading with real market movements without risking your entire $50 on a single trade.
If you don't prefer a cent account, consider a leverage ratio 1:20 and use micro lots. This offers a balance between managing risk and having some control over your position size.
What leverage is good for $1000?
The appropriate leverage for $1000 depends on your risk tolerance and trading strategy. Generally, many traders opt for leverage levels in the range of 1:5 to 1:20 when trading forex with $1000. This provides a balance between capital efficiency and risk management.
What is margin and how does it relate to leverage in forex trading?
Margin is the amount of money required to open and maintain a leveraged forex position. The higher the leverage, the less margin is needed relative to the trade value. With 100:1 leverage, the trader only needs $100 of margin to control a $10,000 position size. This shows the power of margin in amplifying trading gains and losses with leverage. Managed properly, margin allows traders access to larger positions with less upfront capital.
What is a margin call and how can it impact trading with high leverage?
A margin call occurs when the equity in a leveraged trading account falls below the required margin level. This usually happens when trades move against the trader and cause losses.
With high leverage, margin calls become more likely since less margin is required upfront.
When a margin call happens, the broker will require the trader to deposit additional funds or close out losing positions to restore the margin level. Failing to meet a margin call can result in the broker closing out the trader's positions forcibly.
Using stop losses can help control downside risk. Overall, margin calls exemplify the amplified risk that comes with high leverage trading.
Glossary for novice traders
-
1
Broker
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
-
2
Leverage
Forex leverage is a tool enabling traders to control larger positions with a relatively small amount of capital, amplifying potential profits and losses based on the chosen leverage ratio.
-
3
Trading
Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.
-
4
CFD
CFD is a contract between an investor/trader and seller that demonstrates that the trader will need to pay the price difference between the current value of the asset and its value at the time of contract to the seller.
-
5
Margin Call
A margin call is a demand made by a broker or a financial institution to a trader or investor who is using margin (borrowed funds) to cover potential losses in a trading account. It occurs when the value of the securities or assets held in the account falls below a certain threshold, known as the maintenance margin or margin requirement, as specified by the broker.
Team that worked on the article
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).