Best High Leverage Forex Brokers for 2020



The Forex market, with its $5 trillion trading volumes isn’t just the largest investment industry in the world but is also the most liquid. The huge market size, liquidity and added perks like the availability of high leverages make it the most attractive market for most individuals and institutional investors.

Several regulatory bumps that have emerged in the past decade have threatened to disrupt trade by attacking its most attractive feature – leverage. It started in 2010 when America’s CFTC set a 1:50 cap on the leverage afforded to forex brokers. Eight years later, Europe’s ESMA followed suit and introduced a 1:30 leverage cap in August 2018. You, however, don’t need to panic as there still exist numerous reputable international brokers with leverages as high as 1:3000.

We have scoured the internet vetting the different high leverage brokers currently available and came with a list of 10 best brokers so you don’t have to. But first, we share with you the criteria we used in separating the wheat from the chaff.

On this Page:

    Best high leverage brokers for 2020

    1. Cryptorocket: beginner-friendly platform with 1:500 leverage
    2. XM Global : Leverage up to 1:500 and 60 currency pairs to choose from
    3. InstaForex : Extra fast trade processing and high security
    4. OctaFX: 1:500 leverage, no deposit or withdrawal fees
    5. : Best for U.S. customers and heavily regulated


    Criteria used to rate high leverage forex brokers

    While we have our focus set on finding the different high leverage traders, our tests aren’t blind to every other factor that makes a reputable forex broker. Complimentary factors that helped inform our decision to settle on the best brokers included:

    • Cost of trading (spreads, fees, and commissions)
    • Account options (lost size, spreads and payment options)
    • Customer support
    • Regulation and compliance
    • Number of currency pairs offered
    • Data security
    • Risk management (stop loss and guaranteed stop loss)
    • Research, news, and tools (webinars, live streams, eBooks and videos)
    • Trading platform interface (user-friendliness and indicators)
    • Good trade execution
    Using leverage allows you to trade bigger positions with the same capital, which enables you to make great profits. However, be aware that trading with high leverage also has higher risks of losses 

    Top 10 high leverage brokers

    1. CryptoRocket

    Over the years one of the most controversial topics of the retail trading market has been leverage, and the reason for this was the fact that many brokers used to offer high levels of leverage to individuals that were not sophisticated enough to understand the risk of it. After a stronger regulation in both European and American Markets, the amount of leveraged offer to retail investors have decreased dramatically.

    CryptoRocket is a fully CFD dedicated firm that has become known for offering a vast range of asset classes and also high leverage to modern standards. A leverage of 1:500 used to be considered something completely norm just a couple of years ago, but today is almost unknown in most regions.

    If you are planning on utilizing a strategy that requires high leverage or if you are simply interested in trading with a reliable and also strong platform we recommend you look at CryptoRocket as your go-to option.

    For more information about this CryptoRocket you can read our Full Review.


    • High Leverage – 1:500
    • No transaction and deposit fees
    • MT4 and WebTrader available


    • Limited deposit methods

      Visit CryptoRocket

    2. XM Global

    While XM UK and XM Global are subsidiaries of the larger XM Global Limited, you will only ENJOY the benefits of high leverage, up to 1:888, from XM Global. The former is FCA-UK regulated and thus operates within the 1:30 leverage cap. We were particularly attracted to XM Global’s comprehensive approach to forex trade with different accounts catering for both beginners and advanced traders. It gives you access to all the seven major currency pairs with tight spreads from as low as 0.6 pips.

    More about XM broker

    After opening a trading account with XM, you become eligible for their different types of bonuses. These include the no-deposit bonus, $30, for every new account and a 100% matching bonus for the first deposit.

    If you are new, you will probably want to sign up to their free introduction to forex trading course. It is availed in the form of articles, eBooks, videos and regular webinars- hosted several times a week.

    Both beginners and advanced forex traders can also opt to have one of XM’s personal account managers handle their accounts, at a fee. And should you chose to manage your account, XM avails daily signal updates and market outlook for more informed trade execution.


    • High leverage
    • Multi-lingual support (up to 30 languages)
    • Up to 60 currency pairs to choose from
    • Supports multiple international payment methods
    • Strong regulation by FCA, IFSC, CSEC, and ASIC
    • Fast trade execution and no re-quotes


    • Sluggish web-based chat

    Visit XM Global

    3. InstaForex

    Established in 2007 and headquartered in Kaliningrad, Russia, Instaforex comes up as one of the best Eastern Europe based forex brokers. Its high leverages of 1:1000 in a region that is dedicated to crippling leveraged traders makes it stand out. So does its multi-account feature that allows traders to host three accounts on their servers simultaneously and support for all major currency pairs.

    How does it work?

    InstaForex caters for both the beginners and expert traders. Either can start by opening a demo account or a real trading account that only calls for $1 in minimum deposits. In both cases, all InstaForex traders have access to training resources and video tutorials. The broker will also grant their clients immediate access to their elaborate charts as well as a wide array of technical analysis tools to help execute trades.

    While analyzing the broker, we particularly liked the level of instant support they provide their traders through multiple communication channels. We also liked the level of technology investment they have put towards ensuring their brokerage is available on different options like the web trader, MT4 and MT5.


    • Fast trade processing with one-click trading feature
    • High level of data security using 128-bit encryption technology
    • Locked positions even in the most volatile markets


    • The bank withdraw option is really slow
    • Not FCA regulated

    Visit InstaForex

    4. OctaFX

    Apart from its high leverage – 1:500 – OCtaFX makes it to our list of best forex brokers because of its ultra-low fees and even lower spreads that range from 0.4 to 0.6 pips. We also liked its copy trading option that allows beginners to make more informed trades by copying and learning from the more experienced traders.

    More importantly, OctaFX runs regular promotions that grant a select group of traders access to higher leverages. Their last campaign targeted the Asian market, allowing the MT4 traders from the region to manually raise their leverage from 1:500 to 1:1000 and the MT5 traders from the standard 1:200 to 1:500.

    How does it work?

    You start by opening a trading account and choosing a trading platform; you can opt for MT4, MT5, their web trader platform or the OctaFX trading app. Either of these is available in over 10 languages and require a minimum deposit of $5 with a 50% bonus on your first deposited amount.

    Here, you can trade all the major currency pairs with a trader that executes trades fast through the one-click trading feature. Apart from the copy trading feature, we also liked their daily market outlook and constant trading signals.


    • Modified leverage with 1:500 as its maximum
    • No deposit or withdrawal fees
    • FCA regulated
    • A wide resource for educational materials


    • Has limited payment options

    Visit OctaFX


    5. Forex .com – Best Option for US Costumers 

    In a market that is speedily collapsing the leverage walls, it is impressive to see the 1:400 offered by We feature it on this list not just because of the competitive leverage and fixed spreads but also because of its longstanding reputation in the forex market. Having been established in 2001 and is one of the most successful and reputable high leverage brokers.

    More about

    We believe has one of the largest collections of tradeable currency pairs, 80+. We also liked its clear and competitive pricing model that captures every transaction as well as its elaborate trading platforms. Apart from providing a trader with a wide resource of technical analyses tools, we also observed that the broker keeps tabs on the forex markets regularly and forwards tips on possible price action influencers.


    • Availability of smartphone trading app that allows trading on the go
    • FCA, CFTC, AISC, and CIMA regulated
    • VPS hosting services
    • Access to the latest industry research and news


    • Huge spreads


    6. ForexTime (FXTM)

    With a higher than average leverage provision of 1:1000, a strong brand reputation and a huge collection of trading currency pairs, FXTM, easily makes it to our list of best forex brokers. Such other factors as expansive trading platforms, from Metatrader to WebTrader and mobile apps, as well as its foolproof risk protection also informed our decision to include it in our top ten list.

    More about FXTM

    FXTM broker places a huge emphasis on forex education and constant trading strategy revaluation and is, therefore, sending regular materials and hosting webinars. We also liked the broker’s strong emphasis on data security, fast execution of trades, and a supportive customer service team.

    We also noted that FXTM has adopted one of the fastest payment processing technologies, capable of processing a huge base of payment options. The number of forex trading pairs available here is however capped to 50 but features all the major trading pairs.


    • Attractive leverage
    • Tight spreads (starting from 0.1 pips)
    • Can be integrated with expert advisors
    • FCA and CySEC regulated


    • A relatively limited number of currency pairs

    Visit FXTM

    7. Alpari

    After two decades of active involvement in money markets and a leverage of 1:1000, Alpari easily passes as one of the most reputable forex brokers. It also makes it to the list by virtue of being one of the most decentralized brokers, located in eight locations across the world and over 60 currency trading pairs.

    More about Alpari

    One of the most unique features with Alpari is that it maintains a special binary trader platform for clients alongside the already versatile trading platform that comprises of MT4, mt5, Web and mobile application traders. We also liked the level of differentiation they have put in place for different accounts as well as the different bonuses availed to clients upon registration, making the first deposit.

    Additionally, the broker keeps tabs on their traders account activity, rewarding active and loyal traders with a premium membership. Perks here include free deposits and withdrawals.


    • Fixed spreads starting from 0.2 pips
    • Extensive currency pairs
    • FCA regulated
    • Member of the External Dispute Resolution organization (EDR)
    • Multilingual customer support


    • Less emphasis on forex education
    • Limited payment options

    Visit Alpari

    8. NordFX

    Started in 2008 and headquartered in Mauritius, NordFX makes it to our list of best forex brokers because of its high leverage, 1:1000. The broker’s services have also received a node from numerous global organizations and currently operated under the regulations of such global bodies as CySEC. It also stands out because of its versatility in trading platforms that include MT4, MT5, Android and iOS app and a WebTrader.

    More about NordFX

    NordFX maintains three manual trading accounts whose minimum deposit amounts range from $10 to $500 and spreads from 0.0 pips to 2 pips. We, however, noted that while it supports all the major currency trading pairs, its collection of currency trading pairs is limited to 33. Nonetheless, Nord’s appreciation for technology extends far beyond their platform versatility to touch on its speedy payment processing system.


    • Higher leverage with low spreads (from 0.0 pips)
    • 24/5 support
    • Speedy execution of orders
    • Strong emphasis on training and forex education


    • Slow dispute resolution
    • Processing bank deposits and withdrawals could be fast

    Visit Nord FX

    9. VantageFX

    Vantage FX allows you to trade with leverages of up to 1:500. This and fact that that it has built a strong reputation since its establishment in 2009 plus its regulation by the leverage-friendly Australian ASIC played key roles in ensuring it made it to our list of best forex brokers. Apart from the usual versatility in Metatrader and web trader platforms, VantageFX has also partnered with ZuluTrade, the social trading network, to facilitate social trading.

    More about Vantage FX

    VantageFX stands out from most other equally reputable Australian and South East Asia brokers because of their 15% welcome bonus for initial deposits above $1000. The broker will also reward a trader who successfully refers another with $100 deposit to a live account.

    The broker, however, demands $100 as a minimum deposit amount that can be used to trade over 40 currency pairs. Equally interesting to us was the free VPS service offered by the broker as well as a binary options trading feature.


    • Dedicated customer support available 24/5
    • Supports ECN trade with fix spreads and 0.0 pips
    • Supports multiple payment options
    • Relatively low minimum deposit amounts


    • Processing withdrawals take time
    • A limited number of currency pairs to choose from

    Visit Vantage FX

    10. IC Markets

    Australian based IC Markets makes it to the list of best forex traders available today because it is one of a handful offering such a high leverage 1:500 to robots, scalpers and high volume traders. While most brokers may offer higher leverages than this, we noticed that they only target manual traders and have implemented a graduated leverage allocation schedule that decreases in relation to an increase in trading volume.

    More about IC markets

    Apart from the leverage, fact that it targets scalpers, and automated trading market, we liked IC Market’s spreads and order execution speeds. Note that while most brokers adopt floating spreads that keep fluctuating, IC markets embrace a fixed spread for their base trading currency pair EURUSD that averages 0.1 pips.

    The broker is also alive to the technological demands of the industry, particularly when dealing with automated traders and has in effect fine-tuned its system to post some of the fastest trade executions speeds in the industry.


    • Fast and transparent payment processing
    • Regulated by ASIC
    • Excellent record of repute and transparency
    • Strong attention to forex education


    • Lacks a proprietary trading platform and over-relies on Metatrader
    • Some traders may consider their $200 minimum deposit balance punitive

    Visit IC Markets

    11. Financial Business Services (FBS)

    FBS forms the crème of the industry with its ultra-high leverage extending to 1:3000. You will also like it if you are looking for a forex broker with differentiated types of accounts catering every type of trader, from CENT account for beginners to ECN accounts for high volume traders, scalpers, and automated traders.

    More about FBS

    One of our most unique observations about FBS includes the fact that the broker covers the commissions and therefore has no deposit or withdrawal fees. The spreads here range from 0.0 pips for the Zero spreads account to 3 pips for the micro trading account.

    We were also intrigued by the fact that FBS versatility doesn’t just start and stop with the establishment of multiple types of accounts and superior technologies. It also covers global reach where the trader is available for most global citizens, safe for US traders, and also supports most major international languages.


    • Highest leverage in the industry
    • Doesn’t expose traders to requotes swaps and slippages
    • Dedicated customer support available 24/7
    • Relatively low minimum deposit amount
    • Islamic traders friendly


    • Maintains inactivity fee
    • Most accounts don’t have a stop loss feature

    Visit FBS

    Bottom line

    The American and European jurisdictions may have placed a cap on leverage, but this hasn’t deterred international brokers. The forex market isn’t short of high leverage brokers willing to help further your trades and extend your bottom line while shielding your accounts from heavy losses and negative balances.

    We have taken the liberty to explore the market and come up with a list of the best ten high –leverage brokers operating within reputable regulatory frameworks, offer such operational merits as fast payment processing and order execution, data security, and customer support.

    If you are actively looking for a good high leverage forex broker, we advise that you go through this list carefully, and only settle with a broker that best suits your needs. For instance, if you are relatively new to the trade, we recommend that you consider a broker that is genuinely committed to advancing forex education.


    Can I incur negative account balance due to leverage trading?

    This is entirely dependent on the high leverage broker you chose. A majority of the brokers we have listed here have implemented safeguards like guaranteed stop loss and low fixed spreads that guard against huge losses and negative trading account balances.

    What is the difference between 1:30 and 1:3000 leverages?

    Leverage ratios denote the range within which you can use the forex broker’s loan capital in executing your trades. A higher ratio, therefore, implies access to a higher trading loan capital.

    Which is the best high leverage forex broker?

    In an ideal situation, the best high leverage broker would be one that offers the highest leverage ratios. But you have to look beyond this and evaluate such other factors as reliability, regulation, and the level of customer support advanced to the traders. We have taken time to evaluate them all using these reliability metrics, so you don’t have to, and we believe that any of the above-mentioned brokers fulfill this criterion.

    What is the best leverage to use in forex?

    Note that the higher the leverage ratio, the higher the risk. The best leverage ratio, therefore, depends on your risk tolerance.

    Which is best between manual and automated forex trading?

    We believe that there is a reason more than 70% of all forex market trades today are executed by automated trading robots. The forex market is highly volatile and it takes seconds, or even milliseconds, for prices to change making it difficult to analyze and execute meaningful trades manually.

    Remember, all trading carries risk. Past performance is no guarantee of future results.

    20 thoughts on “Best High Leverage Forex Brokers for 2020

    1. Hello there. Can someone walk me through the sign up process on XM Global? I’ve been looking for a good high leverage broker and I think I finally found it. Thanks.

      1. Hello Francis. Thank you for your question. In order to sign up on XM Global you will have to go on the official website. You will then have to click on “OPEN ACCOUNT” somewhere in the middle of the page. You will then be asked to type in personal details such as full name, email address, country and town of residence and your preferred language. You will then have to select some characteristics of your account, for example how much leverage you want access to (you can have a leverage of up to 1:888), what currency you want your account in and the account type you want. You will then have to create a password and confirm that you’ve read the terms and conditions. Good luck!

      1. Hello Nana. Thanks for your question. The first thing you have to take into consideration is of course whether you would have access to high leverage or not. Other things to look out for are whether or not it is a regulated broker, usually unregulated ones cannot be trusted completely. Other than that, you should also watch out for hidden fees, availability of payment methods and risk disclaimers. You might also want to think about what you are looking for in a broker other than high leverage, such as lower initial deposit amounts, asset variety and so on. These are things that can affect your choice as well. I hope that helps.

    2. Hello. My biggest problem with signing up on a high leverage broker is the deposit. Which one of these does not have a minimum deposit amount?

      1. Hello Luise. Thanks for your question. One thing to keep in mind before I answer, is that none of these brokers, except for IC Markets and, have high initial deposit amounts. OctaFX, Forex Time, Vantage FX, and Alpari all have initial deposit amounts of $100 and that is certainly not high considering that many trusted brokers require a minimum of $250. All of them have minimum initial deposit amounts, but some of them are actually incredibly low. XM Global and InstaForex for instance, require initial deposits of at least $5 and $1 whilst Nord FX requires $10. Even though these are extremely low amounts, bear in mind that they often charge more in additional fees such as commissions and spreads, so we recommend taking into consideration the broker as a whole and not just the initial deposit amount. Even though some brokers may seem cheaper, they can actually be more expensive in the long run.

      1. Hello Marianne. Thank you for your question. I am afraid you do not have access to leverage if you are trading with an auto trading robot. You only have that option when trading on brokers directly. How auto trading robots work is that they basically connect to online brokers in order to function, but since the trades are placed automatically, leverage is not considered. Auto trading robots basically analyse market changes automatically and calculate the most profitable trades to place accordingly, without needing leverage.

    3. I’ve heard that some brokers, especially the less reliable ones, often have fees they try to hide from users. Does any of these high leverage brokers have hidden fees I should be aware of?

      1. Hello Sylvia. Thank you for getting in touch. The only extra fees to be aware of are for and FBS. has very high spreads whilst FBS has an inactivity fee. Apart from those, we do not believe there are fees that these broker are trying to hide. Just to make sure though, we recommend having a look on the website of the broker you are interested in and try and search for a section that lays out all the fees it charges, just so you do not have any surprises once you sign up. Good luck.

    4. Thank you for this review! It took me ages to find a page that could explain the concept of leverage in a simple and clear way. I wanted to ask, is having access to a high leverage a good thing then?

      1. Hello Emma, I am glad we could help. Having a high leverage can be a great advantage but it definitely has to be used cautiously. The thing is that having a high leverage means that you can take on greater debt to place a bigger investment. Placing a bigger investment also means that you can make larger profits, but that is only if you’ve placed the right one. If you haven’t then you will owe the broker more money than you would if you had a lower leverage. I hope I’ve explained myself clearly enough. Good luck!

      1. Hello Matthew, thank you for getting in touch with us. It is difficult to recommend only one high leverage forex broker considering that all of the ones we listed in this review are excellent. They all have strengths and weaknesses and we recommend finding out what strengths you are looking for in a broker. If you are looking for lower spreads over withdrawal processing times, we recommend Nord FX. If you are looking for lower minimum deposits over asset variety, we recommend Vantage FX. I hope that answers your question. Good luck with your decision.

    5. I’ve heard that IC Markets is a really great broker, but I am really concerned about hacking attacks. What do I do if I lose all the money I have in my account because of it?

      1. Hello Ele. Thank you for getting in touch. Your concern is definitely legitimate. Hackers often target online trading platforms that do not take sufficient security measures to prevent that. IC Markets however, is not one of those. Part of the reason why it is such a well-reputed broker is its safety so you can be sure that a hacking attack is highly unlikely. What I would do though if you want to feel more secure is to go on the IC Markets website to see if the broker has a refund policy in case of a hacking attack. You will probably be able to find that either on the terms and conditions or the legal section on the website.

      1. Hello Valerie. Thank you for your question. The best leverage to use when trading in forex can be determined based on how much you are willing to risk. If you are unwilling to take high risks that can involve losing significant portions of capital, then we would recommend a leverage of up to 1:30. If instead you are willing to risk your capital hoping to make greater profits, then you are welcome to use a leverage of even 1:200 or 1:300. Please keep in mind though, that using a high leverage is usually something we recommend to experienced users and not to traders that entered the world of online trading just recently.

      1. Hi Marie820. Thank you for getting in touch. The difference between high and low leverage is somehow linked to its meaning. Leverage is basically the debt a trader uses to make profit out of an investment. So if the maximum leverage available on a broker is 1:30, that means that you have to have at least $1 available in your account to make investments worth $30. The remaining $29 are loaned to you by the broker. A higher leverage exposes you to greater risks because you are allowed to make trades by taking on greater debts, but it also means that you can make larger profits. The opposite goes for a low leverage: lower risks and lower profits. I hope this answers your question.

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