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.
Top 10 high leverage brokers
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.