Trading forex can be exciting for beginners in the trading industry, but after a while, once they become experienced traders, they often find that they are ready to step things up a notch and try out something riskier. With increased risk, they typically also encounter higher rewards, which is a good mix to bring the excitement back into trading for them.
Trading with leverage is, therefore a perfect solution. However, in order to give yourself the best chance to earn higher rewards, you first need to find a proper broker. This is why we came up with a list of top 10 brokers that offer high leverage in a safe environment, and tick all, or at least most of the right boxes.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading such products is risky and you may lose all of your invested capital.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
After extensive research, we have come up with a list of top 10 best high leverage forex brokers for your convenience, where you will, hopefully, find at least one that fits your needs. Without further ado, here are the ones we can recommend.
Starting off, we have eToro, which is typically considered to be the best high leverage forex broker for trading, as well as for social trading. The company has been around for years, improving its service, expanding to new countries, adding new assets, and collecting more and more clients.
These days, it operates in over 140 countries, and it holds licenses from numerous regulators, such as CySEC, the FCA, and Australia’s ASIC, to name a few. Over the years, it attracted well over 20 million users, who can access over 2,400 financial markets through eToro.
In terms of Forex, eToro features nearly 50 pairs, and it offers a leverage ratio of 30:1. However, this is only for the major pairs, like EUR/USD, GBP/USD, AUD/USD, or USD/JPY. Smaller pairs that are not so popular, on the other hand, have access to 20:1 leverage.
It is worth noting that this is the case only when it comes to regular accounts, available to everyone. Expert traders, on the other hand, can open professional accounts and an access leverage ratio of 400:1, although eToro will require you to take a test before it unlocks this option for you.
As mentioned, it also offers assets other than forex, many of which can also be traded with leverage, such as stock (x10), ETFs (x5), and even a handful of cryptocurrencies including Bitcoin.
And, if you are still new to trading but you wish to boost your profits by engaging in leveraged trading right away, you can always use eToro’s social trading feature to copy the trades of experts who trade with leverage, and achieve similar results as them.
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.
Next up, we have Capital.com — a CFD brokerage company that also offers x30 leverage for retail accounts. It is a company based in the UK, although it also has offices in Belarus and Cyprus. The company has its own trading platform, although traders can also connect Metatrader 4 and trade through it if they prefer it.
The mentioned x30 leverage is available for all forex pairs equally. There are around 140 different pairs for users to choose from. It should also be noted that the platform allows an extremely low minimum deposit of only 20 GBP, which is even lower than what our previous entry requires.
76.25% of retail investor accounts lose money trading CFDs with this provider.
In the third spot, we have a broker that has been around for nearly 25 years, called Libertex. This company is among the oldest high leverage forex brokers in the entire industry, and it allows x30 leverage for forex pairs if you are a retail client, and up to x600 leverage for professional accounts.
It is regulated by CySEC, and that requires it to limit its leverage for retail clients, although x30 leverage is not really that bad.
Another thing to note is that the company offers three trading platforms, including MT4, MT5, and its own platform. Regardless of which one they choose, users will have access to 51 trading pairs, all of which can be traded with x30 leverage. One more advantage worth noting here is that its minimum deposit is extremely low, and it only requests you to deposit a minimum of $10.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74,5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Skilling is another very reliable platform, and this one has been around for only five years. However, even though it is relatively new, it quickly became a go-to place for forex and CFD traders who are interested in leveraged trading. The reason for this is the fact that the platform offers x500 leverage on major currency pairs and indices, and around x200 for minor ones, which is still massive leverage compared to others on this list.
Gold also shares this same x200 leverage, while commodities and minor indices have access to x100 leverage. Stocks and cryptocurrencies have a significantly smaller one, however, x10 for stocks and x5 for crypto.
One thing to note, however, is that Skilling’s financial services are somewhat different for European traders, with x30 leverage for retail accounts, and x200 for professional ones.
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Your capital is at risk when trading CFDs with this provider.
AvaTrade is a great choice of a high leverage broker for professional traders thanks to the fact that it has plenty of advanced trading tools, a range of platforms, and it operates in multiple regions around the world. When it comes to its leverage, it differs from one country to another, with the maximum leverage ratio being x400 for forex, x200 for commodities, x20 for ETFs, and x10 for stocks.
Other than that, AvaTrade also offers forex options, which makes it one of the rare few brokers that do. However, while leverage for forex is x400, when it comes to forex options, it is only x100.
71% of retail CFD accounts lose money with this provider.
Up next, we have VantageFX, which isn’t as heavily regulated as the others, which is why it can offer leverage of up to x500. In addition, it has an entire range of trading platforms, and it is rich with various features and tools that can be extremely useful to traders from all over the world.
This broker has around 40 currency pairs, but also indices, energy, commodities, metals, shares, and more, totaling around 300 instruments.
It has customer support that is available 24/7, zero spreads, negative balance protection, and many other advantages that make it not only attractive to traders but also safe and reliable. It should also be noted that it features a 50% welcome bonus for new clients, and it has a variety of types when it comes to its trading accounts. An account type known as a Swap-Free, even allows users to engage in leveraged trading without having to pay overnight position fees.
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Your capital is at risk.
Halfway down the list, we have FinmaxFX, which is another excellent option if you need a high leverage forex broker with a number of other advantages. This is an international brokerage company that offers x200 leverage when it comes to forex and commodities, and x100 leverage for energy instruments, which are also available on its platform.
Stocks, on the other hand, only have access to x20. Finally, the broker also offers crypto trading with leverage, with a ratio of only x10.
The company is regulated by VFSC and IFMRRC, which have are not as strict as the likes of FCA or CySEC, but still reliable. Furthermore, the broker has been operating since 2015 with no issues, so it is perfectly safe and reliable. If you choose this one, you will have access to around 50 currency pairs, and 400 financial instruments, in total.
Next up, we have Plus500 — a popular broker that allows users to trade forex with an x30 leverage for retail accounts, and x300 for professional accounts. The broker is also regulated by top-tier regulators, it offers access to over 70 forex currency pairs, as well as additional markets, including shares, commodities, options, indices, ETFs, and cryptocurrencies.
The broker also allows users to trade CFD options, although with a small leverage of only x5. So, while it is not the most advanced of the top available platforms, it is certainly good enough to be considered. It is also very easy to use, and it all makes it a fairly decent entryway for new traders seeking exposure to leveraged trading.
72% of retail CFD accounts lose money.
Forex.com is one of the most popular and most trusted high leverage brokers, not only in the US but also globally. The company offers over 90 currency pairs, which is already one of the major reasons why users tend to go to it. On top of that, however, it also features very competitive spreads, mostly because it is an STP broker that has a DMA account for active traders.
It primarily functions as a forex broker, so it has a lot of solutions and trading tools specifically created for Forex traders. However, it also has access to over 4,500 markets, including commodities, indices, cryptos, stocks, and even ETFs.
There is no guarantee you will make money with this provider.
Last, but not least, we have FXTM — a very, very high leverage broker that absolutely dwarfs most others on this list. FXTM is the best choice if you are looking for CFD and/or forex markets, with leverage of x1000, combined with some of the lowest spreads in the industry.
Also, it should be noted that this broker does not reduce leverage for micro accounts — everyone can trade forex majors with x1000 leverage, forex minors with x500 leverage, forex exotics with 50 leverage, and spot metals with x500 leverage.
The company is very competitive, especially when it comes to spreads. Some of the biggest forex pairs come with zero spreads, while others have only 0.1 pip, or so. This makes it one of the most cost-effective platforms, while also being one of the platforms with the greatest potential to earn through forex trading.
74% of retail investor accounts lose money when trading CFDs with this provider.
The following table compares forex broker fees of the top high leverage brokers in 2021:
While you may be excited about the idea of heading to one of these platforms and trading with leverage right away, always remember that gathering information is your top priority at all times. With that said, let’s first explain some details regarding high leverage.
Simply put, leverage in currency trading refers to the money that the trader borrows from their broker in order to invest a greater amount than what they wish to use themselves. This is a good way for traders to preserve their own capital, by using only small amounts of their own money and borrowing the majority of it from the exchange.
Naturally, there is a cost to this privilege, as the broker will charge traders an interest rate on the funds that they have borrowed. This is called a swap fee, or sometimes the overnight fee.
Generally speaking, there are multiple factors that decide whether or not a certain leverage ratio can be considered good. For example, the higher the leverage, the more money is at stake, which is more stressful, as well as more risky, as you have less room for error and greater chances of losing the money. Of course, risk-lovers would say that it is more exciting, but not everyone feels that way about it.
In other words, each trader needs to decide which leverage ratio are they comfortable with. In addition to that, traders also need to decide on a trading strategy and use a leverage ratio that they are comfortable with, and it fits their strategy. Lastly, there is a matter of the market trading conditions that traders want to trade-in. For example, trading crypto is extremely risky even without leverage, which is why most brokers do not offer particularly high leverage for this market. Forex has less volatility, and so less risky, so higher leverage can be used.
Leverage trading is beneficial because traders get to use greater amounts of money without that being their own money. As a result, their rewards are much larger if they trade right, while the risk on their own, personal wealth is reduced. Leverage can be a great tool for traders, provided that they use it correctly. But, always remember that the risks grow alongside the reward, so the greater the leverage ratio you use, the smaller the room for mistakes.
Once you feel confident about your understanding of trading with leverage, you should start by opening an account with a broker you like the most. For our guide, we will use eToro, but note that the procedure is simple and rather similar on other platforms, as well.
Start by opening an account on eToro. The process is very quick and simple, and you can either create an account from scratch, or you can log in using your Facebook social media account or Gmail.
67% of retail investor accounts lose money when trading CFDs with this provider.
Once you create an account, you will also have to verify your identity. This is necessary because eToro is a fully regulated broker that requires you to go through a KYC procedure.
Verification is done by uploading documents that will confirm your ID, such as a copy of your passport or driver’s license. eToro will also require you to deliver documents that will confirm your address, such as bills, or a bank statement.
Once your account is created and verified, it will be time to deposit some funds into it. This is also a very simple process, and all you need to do is click on the Deposit button on the bottom left side of your screen and enter the desired amount and payment method (popular ones such as debit or credit cards are available too).
Before you start using your money in various trades, however, it would be good to first get familiar with eToro and the way its platform works. The best way to do this would be to use its Demo account for trading. This is a practice account that grants you fake money that you can use in a simulation of the market.
That way, you can see how your trades may end up going in a simulated situation, which reflects the market situation and shows you exactly what would have happened to your funds.
Finally, once you feel like you are ready, you can start trading with leverage on the live market. It is recommended that you start carefully, and trade with low leverage at first until you gather more trading experience and feel more comfortable with raising the stakes.
Trading with leverage can be extremely beneficial and profitable when it comes to forex, but also very risky, so it is recommended that you do it with as much care as possible. Be patient, take your time, and test things out in the Demo account before trying them out in live markets.
As for which broker to choose, we have provided a list of top 10 brokers that traders around the world are using, and have very positive experiences with. But, in the end, it is all about your personal skill, while the characteristics of your chosen broker can only help out a boost your profits slightly more.
The biggest advantage of high leverage trading is that it can significantly increase your profit during trades. The biggest disadvantage, however, is that the risk is also extremely high, and your chances of losing money due to a mistake are just as high.
Most brokers function as middlemen between the trader and the interbank market, and since foreign exchange market pairs usually fluctuate at only 1% in an intraday period, brokers are typically able to manage the risk of all traders’ profits and losses, while providing clients with high leverage.
Yes, they tend to charge so-called overnight fees that traders have to pay in order to trade with borrowed capital. Some brokers also have fixed margin fees, so watch out for that, as well.
Based on our research, the highest fee of 1000:1 is at FXTM.
Yes, cryptocurrencies are also supported by a number of brokers, although with leverage that is often extremely small compared to leverage available for FX pairs.
Ali is an experienced writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profiled investment sites including CCN, Capital.com, BeInCrypto, Bitcoinist, and NewsBTC.
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