10 Best High Leverage Forex Brokers in 2024
Best High Leverage Forex Broker - TenTrade
Top Brokers With High Leverage:
-
TenTrade – Variety of trading options (personal or funded account, social trading);
-
RoboForex – Best Forex broker for beginners ($10 min. deposit, copy trading);
-
Pocket Option – Best for Social Trading (top rated service by customers);
-
Exness – Best raw spread account (avg. spread for major FX pairs 0.1-0.2 pips);
-
Eightcap – Best broker to trade directly from TradingView charts;
-
FBS – A reliable broker with affordable offers (ASIC regulation, min. deposit 5$).
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 brokerage company that was founded in 2009. RoboForex is a leading software developer in the Forex industry and one of the best Forex brokers based on client reviews.
RoboForex is recognized as a reliable partner by the most respected financial market experts. The company has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize (license No. 000138/437).
| 💻 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 is an innovative Forex and binary options broker with over $500 million in trading volume. It offers active trading on financial markets, copy trading, and passive income on holding funds in dollar and cryptocurrency safes. The broker provides an in-house platform to trade binary options and MetaTrader platforms to trade CFDs on currencies, cryptocurrencies, stocks, indices, and commodities. Pocket Option was incorporated in 2017. The broker’s service is available in more than 95 countries and regions globally. Today, over 10 million users are registered with the broker, and 100,000 traders regularly use its services. In July 2023, it obtained a license from Mwali International Services Authority number T2023322.
| 💻 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
The Exness brand is known worldwide due to its profitable trading conditions, high-security level, and wide range of financial instruments. It focuses on trading CFDs, especially currency pairs. Cryptocurrencies, commodities, stocks, and derivative stock indices are also available. Exness offers account types for novice traders, more experienced traders, and professionals. It allows traders to use a variety of strategies including passive ones, such as copy trading and algorithmic trading. The proprietary Exness platform for social trading is used by over 20,000 investors globally. The broker’s activities are legal and its services are available in over 130 countries. Exness is supervised by 8 financial commissions, including CySEC (Cyprus, 178/12), one of the strictest European regulators, and FCA (UK, 730729), FSA (Seychelles, SD025), FSC (BVI) SIBA/L/20/1133, CBCS (Curacao, 0003LSI), FSCA (South Africa, 51024), and CMA (Kenya, 162). The broker offers demo and cent accounts for novice traders, as well as standard and ECN account types for experienced traders.
| 💻 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 offers more than 800 trading instruments, namely CFDs [contract for (price) differences] on currency pairs, cryptocurrencies, indices, stocks, commodities, and precious metals. The broker has a minimum deposit of $100, a free demo account, and two live account types, which differ in trading costs. One account type has standard spreads without a fee, and the other has raw spreads that carry a brokerage fee. The maximum leverage is 1:500. Traders can use any strategy with minimal restrictions. Trading is carried out through MetaTrader 4, MetaTrader 5, and TradingView. Eightcap has two main features. First, the broker has a powerful training and analytical base. Second, the platform offers a number of unique tools, for example, Capitalise.ai, which provides automated trading with minimal risk. At the same time, there are no options for passive income, not even a referral program.
| 💻 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 (fbs.com) is an international broker operating in 190 countries. The brokerage company has been on the market for over 10 years, and during this time it has earned about 40 international awards. It is regulated by the CySEC under license number 331/17 and provides flexible conditions for Forex trading. In addition to classic currency pairs, the company's clients can trade indices, futures contracts, exotic currencies, and metals. FBS is especially popular in Asian countries such as India, Malaysia and Indonesia.
| 💻 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 was established in 1994. The company won 2018 Traders Union Awards as the Best Broker in Europe. The brokerage company is a member of the Association of Forex Dealers, a self-regulatory organization in the financial market. The company is also regulated by the Cyprus Securities and Exchange Commission (CySEC, 158/11). The European branch of TeleTrade has adopted the brand name Earn.
The broker provides access to trading various currency pairs, as well as metals, stocks, cryptocurrencies, indices, and energies.
| 💻 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
Octa is a broker of choice for investors worldwide who wish to trade CFDs on highly favorable conditions, including lower entry thresholds and short to medium-term trading strategies. Octa was launched in 2011, and has grown to be on the edge of the industry today. Octa offers top services for both traders who choose live trades and investors who choose copy trading. Today, Octa is proud to serve over 6.6 million customers globally as an intermediary to the financial markets. The company mainly focuses on the countries of the Asia-Pacific region, in particular India, Indonesia, Malaysia, and others. Octa is a world-known broker that has won more than 60 awards.
| 💻 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 that has been operating since 2009. The company operates under the licenses of four regulators – the UK (FCA, 590299), Australia (ASIC, 428901), Vanuatu (VFSC, 700271), and South Africa (FSCA, 51268). Over the years, Vantage Markets has received numerous accolades and prestigious awards. Read more about Vantage Markets Available Countries.
| 💻 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
The FxPro broker was registered in July 2006 in Cyprus. The company’s activities are licensed by financial regulators: CySEC, 078/07 (Cyprus), Bahamas SCB (SIA-F184), FCA, 509956 (UK), and South African FSCA (45052). FxPro is successfully operating in more than 170 countries for retail and institutional clients. The broker has received more than 85 awards, including “Best Forex Trading Platform” and “Best Trading Platform”. FxPro has become known for providing the best trading tools. With FxPro broker, traders can trade more than 70 currency pairs, futures and stocks (Twitter, Apple, Google). The broker has over 2,100 trading assets in its pool, including cryptocurrencies, which are subject to the account type. The basic set of assets is available on cTrader accounts, the full set is available on accounts opened on MT4 and MT5. FxPro sets high safety standards with the client's funds being kept in large international banks. They are insured and separated from the broker's equity.
| 💻 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 |
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
-
Commissions and spreds can significantly impact your profitability, especially with leveraged trading.
-
Consider brokers that offer ECN (Electronic Communication Network) accounts, which provide direct access to the market and potentially tighter spreads.
-
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
-
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.
-
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.
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.
Over the past four years, Alamin has been working independently and through online employment platforms such as Upwork and Fiverr, and also contributing to some reputable blogs. His goal is to balance informative content and provide an entertaining read to his readers.
His motto is: I can dream or I can do—I choose action.
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.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
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). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.