If you are looking for the best high-leverage FX brokers, the following section is for you. Leverage is an essential element for traders, especially for those who have an intention to boost their profit with a lower deposit.
The FX market is a decentralized place where traders from anywhere in the world can buy and sell currency pairs. Thanks to leverage and CFDs, investors can buy/sell such pairs by increasing the buying power of money. However, joining FX trade with a lower deposit amount is often hard for traders to remain profitable for retail trading.
Before proceeding to the top ten brokers with facilities, let’s look at why you should use leverage in FX.
How does leverage help traders?
The main aim of a broker with fat leverage is to connect you with the liquidity provider and facilitate their transaction. However, the high-margin brokers have high risks and rewards. Let’s see how it works in trading.
For example, if you take margin as 1:100 with a $100 deposit, you can buy some pair with the minimum deposited amount of $10,000 (100×100). Therefore, you can trade one standard lot of EUR/USD with $100 by taking 1:100. Moreover, you can change the buying power of your deposit by changing the leverage.
Although high leverage allows you to take a bigger lot size, it is hazardous. For example, in FX, most retail traders lose money for using a higher margin because it may make your account zero. Taking a higher margin is not always good for traders; although a light one increases the buying power, there is a possibility of losing all money from a single trade.
Criteria used to rank the best brokers:
- Leverage amount
- Regulation and compliance
- Spreads and additional fees or commissions
- Risk management tools available
- Speed of execution of transactions
- Fast support
- Consumer experience
- Number of available currency pairs
Top 10 forex brokers with the max leverage facility
In this section, we will see the top ten brokers that have a fat margin facility:
Exness provides a max-margin of 1:2000 in the MT5 standard account under its regulation from the Financial Services Authority (FSA) with license number SD025.
This broker has been providing trading opportunities since 2008, and it is famous among traders for its excessive margin trading. Moreover, this broker offers unlimited leverage to its MT4 standard account.
OctaFX has provided financial trading opportunities since 2011 and has provided 6.6 million FX trading accounts till now. Moreover, this broker has more than 500M running trades with several awards in different categories.
This broker provides margin up to 1:500 in its MT4, MT5, and cTrader accounts so that traders from all platforms can get the benefit. However, the margin trading facility depends on the regulation and geographical position of traders.
XM Global provides fat leverage of 1:888 through its regulation under the International Financial Services Commission (IFSC) (license number 000261/158). This broker has four account types: standard, micro, and ultra-low accounts with the max-margin trading facility. However, the broker does not provide leverage above 1:50 for its CySec regulation.
4. IC Markets
IC Markets is a multi-regulated broker where its fat leverage facility differs from the regulation. For example, under Raw Trading Ltd. registered in Seychelles with registration number: 8419879-2, IC Markets provide a maximum of 1:500.
This broker has raw spread, standard, and cTrader accounts, and all of these accounts have a 1:500 margin trading facility.
Hotforex is a multi-regulated FX and CFDs forex broker with a different maximum margin for a separate trading account. Its micro account has fat leverage of 1:1000, while the premium account has a maximum of 1:500.
However, for copy trading and PAMM accounts, it does not provide a higher margin, and the leverage rate might change with the regulation.
InstaForex has multiple trading accounts where the fat leverage is 1:1000, applicable on all trading accounts.
The above margin is applicable for BVI FSC and FSC Saint Vincent, regulation of InstaForex, and applicable on Insta.Standard, Insta.Eurica, Cent.Standard and Cent.Eurica trading accounts.
It is an FX and CFDs broker regulated under St. Vincent and the Grenadines with registration number 25308 BC 2019. This broker has three account types — mini, advance, executive, prime, and VIP account. Among these — the mini and advance accounts have the fat leverage facility of 1:400.
It is a new FX and CFDs broker that started operation in 2019. It offers trading opportunities in a wide range of financial products with a maximum margin of 1:500.
There are three account types in this broker — silver, gold, and platinum account, where the last one has fat leverage of 1:500.
It is the trading name of Royal Forex Ltd. that is regulated under Cyprus Securities Exchange and Regulations. This broker has three account types — silver, gold, and platinum, where the margin of 1:200 is available for silver accounts.
LegacyFX is an FX, stocks, indices, and crypto broker regulated under (VFSC) Vanuatu Financial Services Commission under license number 14579. It has seven account types with the maximum leverage facility of 1:30 for most major currency pairs.
In the above section, we have seen the top ten brokers with the fat margin facility. However, investors should remain cautious while choosing the broker because many risks are associated with margin trading.
Getting benefit from such trading requires a lot of effort and practice that requires considerable time to achieve. Before using the high margin, market participants should confirm that they are profitable in the market. In that case, building a strategy with max risk management is essential to benefit from the market.