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As a newcomer to the forex market, learning how to trade can seem quite exciting, but after a while, once they become an experienced trader, it is common for them to be ready to try something even riskier. When the risks are increased, you usually get higher rewards, which is a great mix for traders to get excited about trading again.

Therefore, leveraged trading makes sense. But to maximize your chances of earning higher rewards, you need to find the right high leverage forex broker first. That’s why we made a list of ten high leverage forex brokers in a safe environment and tick all the right boxes, or at least most of them.

Best High Leverage Forex Brokers Australia List

  1. eToro — The Best High Leverage Forex Broker Australia
  2. Libertex — Provides leverage of 600:1 to professional traders
  3. Skilling — An excellent leverage ratio of 500:1
  4. Avatrade — The Leading High Leverage Broker For Expert Traders
  5. VantageFX — Leveraged trading with a top Forex broker
  6. FinmaxFX — Retail traders can leverage up to X200
  7. Plus500 — Free High Leverage Forex Trading Platform
  8. Forex.com — Over 90 currency pairs to choose from
  9. FXTM — 1000:1 leverage for all traders

Best High Leverage Forex Brokers Australia Reviewed

We have examined a wide range of high leverage forex brokers to put together a list of the top 10 best high leverage forex brokers Australia in which you can find at least one that meets your needs. Below you will find our recommendations.

1. eToro — The Best High Leverage Forex Broker Australia

eToro LogoeToro is a global trading platform and a social trading platform and is typically considered one of the best high leverage forex brokers. Since the company was founded, it has improved its service, expanded into new countries, added new assets, and gained more clients.

As of now, it operates in over 140 countries and is licensed by numerous regulatory agencies, including CySEC, the FCA, and ASIC in Australia. Through eToro, over 2,400 financial markets are accessible to users. It has attracted well over 20 million users.

EToro offers a leverage ratio of 30:1 for Forex, and it offers nearly 50 currency pairs. Consequently, only major pairs are affected, such as EUR/USD, GBP/USD, AUD/USD, and USD/JPY. The leverage for smaller pairs, however, is 20:1.

eToro Crypto Markets

This only applies to regular, publicly accessible accounts. On the other hand, professional traders can open eToro professional accounts and access 400:1 leverage. However, you will have to take a test before eToro allows access to this feature.

In addition to Forex, it also offers other assets, including stocks (x10), ETFs (x5), and even some cryptocurrencies such as Bitcoin.

Additionally, if you are new to trading but are interested in increasing your profits, you can always use eToro’s social trading feature. That will allow you to mimic the trades of experts who utilize leverage and obtain similar results to them.

eToro fees

Fee Amount
Stock trading fee Free
Commodity trading fee Spread, 0.07%
Crypto trading fee Spread, 0.75% for Bitcoin
Inactivity fee $10 a month after one year
Withdrawal fee $5

Pros:

  • Provides leverage of 30:1
  • Fully regulated and licensed
  • 2400 markets are available, including 49 forex pairs
  • There are no management or trading fees
  • You can copy the trades of experts
  • A user-friendly interface
  • Only $50 as a minimum deposit

Cons:

  • Withdrawal fees apply
  • Inactivity fees are charged

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Libertex — Grants professional traders a leverage ratio of 600:1

This year, Libertex was ranked third overall as a broker. Libertex has been in business for over 25 years. A high leverage forex broker which is one of the oldest in the industry utilizes x30 leverage for retail clients when it comes to trading forex pairs for trading forex pairs and X600 leverage when it comes to trading forex pairs for professional clients.

Because of CySEC regulations, the leverage of this broker for retail clients must be limited to x30, even though it is not that high.

Libertex fees

Fee Amount
Stock trading fee Commission. 0.034% for Amazon.
Commodity trading fee Commission. 0.03% for Crude Oil
Crypto trading fee Commission. 1.23% for Bitcoin.
Inactivity fee $5 a month after 180 days
Withdrawal fee Free

Pros:

  • Minimum deposit of $10
  • Retail accounts get a 30x leverage, and professional clients get a 600x leverage
  • CySEC is a licensee and regulator
  • Provides three trading platforms

Cons:

  • Product selection is fairly limited

Your money is at risk.

4. Vantage FX — Top high leverage forex broker Australia

The next company is VantageFX, which is not regulated nearly as heavily as the others to offer leverage as high as x500. In addition, it offers an entire range of trading platforms and a variety of tools and features that are extremely useful for traders all over the world.

This broker offers around 300 instruments, including over 40 currency pairs, indices, commodities, metals, shares, and more.

Customers of the platform have 24/7 access to customer support, zero spreads, negative balance protection, and many other features that make the platform appealing to traders and secure and reliable. Moreover, it offers a 50% welcome bonus for new clients, and its trading accounts come in various forms. Users can even engage in leveraged trading using a Swap-Free account type without the need to pay overnight fees.

VantageFX fees

Fee Amount
Stock trading fee Variable spread
Forex trading fee Spread, 1.4 pips for GBP/USD
Crypto trading fee N/A
Inactivity fee Free
Withdrawal fee Free

Pros:

  • Various trading accounts are available
  • Zero spreads
  • Leverage of x500
  • Welcome bonus of 50%

Cons:

  • Not regulated by the top-tier regulators

Your money is at risk.

5. Pepperstone - Tools for advanced traders

Forex broker Pepperstone offers leverage of 30:1 for its Forex traders. That makes it one of the top ASIC-regulated Forex brokers. This comparison focused on currency pairs, spreads, commissions, and the features of forex trading platforms of the top 2022 ASIC-regulated brokers. Pepperstone was one of the best forex brokers because it met these other criteria and offered 30:1 leverage, despite competition from IC Markets to CMC Markets.

Pepperstone fees

Fee Amount
Stock trading fee $0.02 per US stock
Forex trading fee Spread, 1.59 pips for GBP/USD
Crypto trading fee Spread, 50 pips for Bitcoin
Inactivity fee Free
Withdrawal fee Free

Pros:

  • Spreads without markups (average EUR/USD spread of 0.13 pips)
  • There are three powerful platforms for trading (MetaTrader 4, MetaTrader 5, and cTrader).
  • Tools for advanced traders (Autochartist)
  • A 25-millisecond average execution speed
  • ECN pricing model

Cons:

  • There is no proprietary platform
  • ETFs are not available

Your money is at risk.

6. Plus500 — User-friendly high leverage forex broker Australia

plus500

The next broker we look at is Plus500, which allows retail forex traders to trade with a leverage of up to x30, and professional traders can trade with x300. A full range of markets, including forex currency pairs, stocks, commodities, options, indices, ETFs, and cryptocurrencies, are also available through the broker.

CFD options are also available through the broker, although with low leverage of only x5. It may not be the most advanced of the top platforms available, but it is certainly suitable for consideration. Furthermore, the platform is very easy to use, making it an excellent choice for new traders looking to gain exposure to leveraged trading.

plus500

Plus500 fees

Fee Amount
Stock trading fee Spread. 23.51 pips for Amazon.
Commodity trading fee Variable spreads
Crypto trading fee Spread. 4.11% for Bitcoin.
Inactivity fee £10 per month after three months
Withdrawal fee Free

Pros:

  • Easy to use
  • FX options are available
  • Regulation by top-tier regulators
  • X30 leverage is available for retail clients, while x300 leverage is available for professionals
  • An excellent mobile app
  • Various assets are available

Cons:

  • It’s not the most advanced platform
  • Overnight fees are too high

Your money is at risk.

7. Skilling — Offers a high leverage ratio of 500:1

skilling

Another very reliable platform is Skilling, and it has only been around for five years. However, it has quickly become the go-to place for leveraged forex and CFD traders despite its relative youth. For example, the platform provides leverage of x500 on major currency pairs and indices and x200 on minor currency pairs, which is still massive leverage compared with the other platforms on this list.

Commodities and minor indices can access x100 leverage, while gold also shares this x200 leverage. There is a much smaller one for stocks and cryptocurrencies, x10 for stocks, and x5 for cryptocurrencies.

skilling trading platform

A notable difference is that Skilling's financial services are different for European traders, with retail accounts having 30x and professional accounts having a leverage of 200x.

Skilling fees

Fee Amount
Stock trading fee o% Commission on Skilling's Trader Account
Commodity trading fee Spread. 0.04% for Oil
Crypto trading fee Spread. 0.20% for Bitcoin.
Inactivity fee €10 per month after one year
Withdrawal fee Free

Pros:

  • There are more than 800 financial instruments in total
  • FSA and CySEC-regulated
  • Suitable for both newcomers and professionals
  • Only spreads, no fees
  • A high level of leverage for certain types of assets
  • Copy trading is offered

Cons:

  • ETF trading is not available

Your money is at risk.

8. AvaTrade — Top choice of a high leverage forex broker Australia for expert traders

avatrade-logoThanks to AvaTrade's various trading tools, a range of platforms, and the fact that it operates in multiple regions throughout the world, it makes for an excellent choice for professional traders looking for a high leverage broker. Each country has a different max leverage ratio for its currency, commodities, ETFs, and stocks, with the maximum leverage ratios for Forex, commodities, and ETFs being x400, x200, and x10.

As one of the few high leverage forex brokers that offers forex options, AvaTrade is one of the few brokers. In contrast, forex options have only x100, whereas forex leverage is x400.

avatrade trading platform

AvaTrade fees

Fee Amount
CFD trading fee Variable spread
Forex trading fee Spread. 0.9 pips for EUR/USD
Crypto trading fee Commission. 0.25% (over-market) for Bitcoin/USD
Inactivity fee $50 per quarter after three months of inactivity
Withdrawal fee Free

Pros:

  • Leverage up to 400:1
  • Spreads are low
  • Intensive regulation
  • Provides leverage for trading forex options

Cons:

  • A margin fee is charged

Your money is at risk.

9. Forex.com — Offers more than 90 currency pairs for forex traders

The Forex.com brokerage is one of the most popular and most trustworthy high-leverage forex brokers, both internationally and in the United States. This company offers over 90 currency pairs, which is one of the main reasons users use it. In addition to this, there is also a DMA account for active traders, mainly because STP brokers offer very competitive spreads.

Forex trading is its primary purpose, so it offers many solutions and tools that are tailor-made for forex traders. As well as indices, cryptocurrencies, stocks, and ETFs, it has access to over 4,500 other markets.

Forex.com fees

Fee Amount
CFD trading fee Variable spread
Forex trading fee Spread. 0.2 pips for EUR/USD
Crypto trading fee N/A
Inactivity fee $15 a month after 365 days
Withdrawal fee Free

Pros:

  • Markets in over 4,500 countries
  • US authorities license and regulate the company
  • FX pairs over 90
  • One of the most trusted online brokers
  • Multiple platforms for trading
  • Has a mobile application

Cons:

  • The pricing structure lacks clarity

Your money is at risk.

10. FXTM — The highest leverage of 1000:1 for all traders

Our final broker is FXTM - a very, very high leverage forex broker that can hold its own against most other high leverage forex brokers listed here. X1000 leverage and some of the lowest spreads in the industry make FXTM a great choice for CFD and forex traders.

There is also the fact that this broker offers x1000 leverage for forex majors, x500 leverage for forex minors, x50 leverage for forex exotics, and x500 leverage for spot metals.

Especially when it comes to spreads, the company is very competitive. Forex pairs with zero spreads are comparatively rare, but those with only 0.1 pip spreads are likewise common. One of the reasons it is one of the most popular platforms is that it is both cost-effective and can earn income through forex trading.

FXTM fees

Fee Amount
Copy-trading fee Free (Variable profit share scheme)
Forex trading fee Spread, 0.1 pips for EUR/USD
Crypto trading fee Free (variable swap)
Inactivity fee $5 per month after six months
Withdrawal fee $10

Pros:

  • Leverage of up to 1000
  • Some assets have zero spreads; others have tight spreads
  • Deposit requirements are low
  • Low overnight fees

Cons:

  • A smaller selection of instruments compared to others

Your money is at risk.

High Leverage Forex Brokers Australia Fees & Leverage Comparison

Brokers Professional accounts Retail Accounts Fees
eToro 400:1 30:1 Commission-free
Libertex 600:1 30:1 Commission-free
VantageFX 500:1 500:1 Commission-free
Pepperstone 500:1 500:1 Commission-free
Plus500 300:1 30:1 Commission-free
Skilling 500:1 / 200:1 500:1 / 30:1 Commission-free
AvaTrade 400:1 400:1 Commission-free
Forex.com / 50:1 Commission-free
FXTM 1000:1 1000:1 Commission-free

High Leverage Explained

It is important to remember that gathering information should always be your main concern when trading with leverage on one of these platforms. So first, let's go over some details about high leverage.

What is Leverage in Forex Trading?

Leverage refers, in currency trading, to the method by which a trader borrows money from their broker to invest a larger amount than they can afford. That allows traders to protect their capital by using only a small portion of their own and borrowing most of it from the exchange.

The broker will also charge a fee for each loan, so this privilege comes at a price. Thus, overnight fees and swap fees are sometimes used interchangeably.

What is Considered a Good Leverage Ratio in Forex Trading?

A leverage ratio can be considered good or bad based on various factors. Higher leverage, for example, means that you have more money at stake, meaning that the experience is more stressful, and you are more likely to lose the money. It is without a doubt more exciting for risk lovers; however, not everyone feels that way about it.

Therefore, traders should decide which level of leverage they are comfortable with. The trader's strategy should also be based on a comfortable leverage ratio and suits the trader's strategy. Finally, traders choose the market conditions they want to trade-in. Trading cryptocurrency, for instance, is extremely risky without leverage, which is why most high leverage forex brokers do not offer particularly high leverage for this market. In contrast, Forex has less volatility, which means leverage is less risky.

Why is Leverage Trading Beneficial?

In leveraged trading, traders can use more money without using their own money. As a result, they will make much more money if they trade right, while the risk on their own, personal wealth is reduced. As long as traders use leverage correctly, it can be a great tool. As you increase your leverage ratio, always keep in mind that the risk increases with it, thus limiting the room for error.

Tips For Trading With High Leverage

  • Implement trailing-stop orders
  • Utilize other risk management tools provided by your high leverage forex broker Australia of choice
  • Understanding the value of a pip before taking a position is essential
  • Use a risk-reward ratio
  • In long-term investments, a low leverage ratio is appropriate in place of a high leverage ratio for short-term trading

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

How To Get Started With A High Leverage Forex Broker in Australia

You should open an account with a high leverage forex broker Australia you are comfortable with once you feel confident about your understanding of trading with leverage. We will use eToro for our guide, but the procedure is simple and similar to other platforms.

Step 1: Open a Trading Account and Verify Your Identity

Become an eToro member by opening an account. Create an account quickly and easily with either a Facebook account or Gmail, or you can sign in with your social media account or your e-mail address.

Your identity must also be verified after you create an account. Because eToro is a fully regulated high leverage forex broker, you must go through the KYC procedure.

Documents that verify your identity are uploaded, such as a copy of your passport or driver's license. In addition, a bank statement or bill that provides proof of your address will also be needed by eToro.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 2: Deposit Funds

After you create and verify your account, it will be time to deposit some funds into it. In addition, depositing is very easy. If you click on the Deposit button at the bottom left-hand side of your screen, you can select your preferred payment method (popular ones like credit cards are also available).

Step 3: Practice Your Leverage Trading on a Demo Account

You should first familiarize yourself with eToro and its platform before you start trading. A demo account would be the best way to do this. Then, you can practice trading on this account using the fake money you receive.

That will allow you to see how your trades might end up going in a simulated scenario, which will reflect market conditions and show you exactly what will happen to your funds.

Step 4: Start Trading with Leverage

You can leverage the live market once you feel comfortable with trading. But, again, starting carefully, trading with low leverage, and raising your stakes once you have gained more experience is recommended.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Conclusion

It is recommended that you handle leverage with the greatest amount of care when it comes to forex trading. Leverage can be extremely advantageous and profitable, but also very risky, so follow the above tips carefully. Before trying things in live markets, be patient, take your time, and test things in the Demo account first.

For traders in the world looking for a high leverage forex broker Australia, we have provided a list of the top 10 brokers they are using. But it comes down to your abilities, while you can only increase your profits a little with the characteristics of the broker you choose.

eToro - Overall Best High Leverage Forex Broker Australia

best stock broker platform

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FAQs

What are the pros and cons of high leverage trading?

Trading with high leverage has the biggest advantage of increasing your profits significantly. Nevertheless, one of the greatest disadvantages is the extremely high risk of losing money if you make a mistake.

How do forex brokers in Australia provide leverage?

Traders typically rely on brokers for a middleman function between themselves and the interbank foreign exchange market. Since foreign exchange market pairs vary by just 1% in an intraday period, brokers are typically able to manage all traders' profits and losses while providing high leverage to clients.

Do Australian Forex brokers charge a fee for leverage?

Yes, they charge traders overnight fees to facilitate trading with borrowed money. Also, watch out for fixed margin fees, which some brokers charge.

Which Australian broker has the highest leverage?

According to our research, FXTM has the highest fee of 1000:1.

Can I trade Bitcoin with leverage in Australia?

Yes, cryptocurrencies are also supported by a few brokers, but the leverage offered by those brokers is typically tiny compared to what is offered for FX pairs.

About Jhonattan Jimenez
About Jhonattan Jimenez

English Language professional with a vast experience teaching English as a second language, English translator to Spanish, Cryptocurrency enthusiast, interested in geopolitics and economy.

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