10 Best High Leverage Forex Brokers for 2024
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top high leverage Forex brokers based on our analysis:
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Roboforex - Best Forex broker with high leverage - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 2
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 3
AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations. - 4
Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure. - 5
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HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews. - 7
FBS - Regulated by major international organizations. Low spreads and commissions. Wide range of trading assets. - 8
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XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account. - 10
InstaForex - Large selection of trading instruments. PAMM accounts and the ForexCopy automatic trade copying service for passive income. 24/7 efficient customer support.
These brokers have been meticulously selected based on their regulatory statuses, user reviews, trading platforms, and trading conditions.
10 Top Forex Brokers with High Leverage
1. RoboForex
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
2. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
3. AMarkets
AMarkets is a versatile broker offering a full range of services in the Forex market. It enables independent trading and investing funds in copy trading with equal success.
Traders can access several accounts with low spreads, permitted scalping, and fast trade execution. Up-to-date analytics, valuable services, and rapid fund withdrawal support a stable technical platform.
Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income.
Pros and Cons of AMarkets
Pros
- A wide range of trading assets.
- Extensive analytical capabilities using modern tools and trading robots.
- No commissions on many operations.
- Convenience and simplicity of opening an account and managing it.
Cons
- Not the most extensive educational materials.
- On some assets, spreads are higher than those of competing Forex brokers.
4. Deriv
Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.
Pros and Cons of Deriv
Pros
- Simple and fast account opening process.
- A wide variety of account types cater to different trading needs.
- Low commission structure.
- A wide range of trading platforms.
- High-quality technical support with fast and effective responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are confined to a blog and lack comprehensive learning resources.
5. Admirals
The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
6. HF Markets
HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.
HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.
Pros and Cons of HF Markets
Pros
- Regulated by reputable financial authorities.
- Wide selection of trading assets.
- A variety of educational materials and analytical reviews.
Cons
- There is no alternative to MetaTrader.
- High swaps and wide spreads.
7. FBS
FBS is a reliable choice for traders who value a secure and regulated trading environment, complemented by a robust selection of educational resources and trading tools. It is particularly well-suited for those new to trading or looking to expand their knowledge and experienced traders focusing on a diverse range of assets. Despite its limitations in account types and currency options, FBS's strengths in providing competitive trading conditions and comprehensive support make it a commendable broker for a broad spectrum of traders.
Pros and Cons of FBS
Pros
- Regulated by major international organizations.
- Low spreads and commissions.
- Wide range of trading assets.
- Extensive database of educational materials and analytical tools.
- Support for various trading platforms.
Cons
- Limited choice of trading accounts.
- Limited choice of account currency.
8. Exness
Broker Exness is one of the most attractive companies offering brokerage services for clients worldwide in the Forex market.
Partnership with leaders in financial analytics, minimal commissions, numerous positive client reviews, a well-established operational scheme, and a decent selection of real assets and account currencies makes trading with the broker profitable and secure.
Pros and Cons of Exness
Pros
- Wide selection of trading accounts.
- Instant fund withdrawal.
- Variety of trading platforms.
- A variety of analytical tools.
Cons
- Limited selection of educational materials.
- Average selection of markets and products.
- Deposit fees.
9. XM
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
10. InstaForex
InstaForex is a popular broker that offers a wide range of trading instruments and specialized accounts. The unique possibility of accruing interest on the account balance, ForexCopy's automatic transaction copying service, and support for cryptocurrency trading make InstaForex an attractive choice for a variety of traders. Customer support is available round the clock, and account replenishment does not charge any commission, which is a significant plus.
InstaForex is suitable for beginner traders and investors interested in passive income through PAMM accounts, as well as for those looking for innovative features such as cryptocurrency trading and automatic trade copying.
Pros and Cons of InstaForex
Pros
- Large selection of trading instruments.
- PAMM accounts and the ForexCopy automatic trade copying service for passive income.
- 24/7 efficient customer support.
- Wide range of methods for depositing and withdrawing funds.
- Decent analytical section.
Cons
- Trading commissions are above average.
- No trading accounts with market execution of orders (ECN or STP).
- Broker commission on fund withdrawals.
How the List of the Best Forex Brokers with High Leverage is Compiled
The selection of the best brokers with high leverage was made based on strict and objective criteria:
The broker's position in the list is according to our general Forex brokers directory. We analyzed extensive data on brokerage companies' performance, financial stability, service quality, and customer satisfaction.
Broker ratings are based on our methodology, which includes analyzing regulatory licenses, spreads, commissions, trading platforms, and customer support levels.
The list includes only Forex brokers with a maximum leverage of 1 to 1000 and above. This criterion allows traders to utilize significant financial leverage, which offers them enhanced opportunities to scale their trading operations in the market.
These standards ensure that the brokers on our list not only offer the opportunity to trade with high leverage but also meet the high requirements of reliability and quality of service necessary for efficient and safe Forex trading.
FAQ
What Are the Benefits and Dangers of High Leverage?
Benefits: High leverage in forex trading allows traders to gain significant exposure to financial markets with a relatively small initial investment. This can amplify profits if the market moves in your favor. Additionally, it provides the opportunity to diversify trading strategies and open larger or more trades simultaneously.
Dangers: While it can increase potential profits, high leverage also magnifies potential losses, especially if the market moves against your position. This can quickly deplete your trading capital and lead to margin calls, where you must deposit additional funds to maintain your positions. High leverage should be handled with careful risk management strategies to mitigate these risks.
Which Forex Brokers Offer the Highest Leverage?
Forex and CFD Brokers offering the highest leverage often include firms regulated in jurisdictions with more lenient financial controls. Examples include brokers in countries like Cyprus, Belize, and Seychelles, offering leverage as high as 1:1000 or more. Notable high-leverage brokers include RoboForex, AMarkets, and FxPro. However, traders should verify these brokers' regulatory status, reputation, and trading conditions before engaging in trading activities.
Which brokers offer high leverage ECN accounts?
Several brokers offer high leverage ECN accounts. For example, Exness provides leverage up to 1:2000, RoboForex also supports leverage up to 1:2000. These ECN brokers give traders access to low spreads and fast execution by connecting them directly with liquidity providers through ECN technology.
Are High Leverage Forex Brokers Regulated?
Many high-leverage Forex brokers are regulated, but the extent and stringency of regulation vary significantly depending on the country where the broker is registered. Brokers in jurisdictions with stringent oversight, such as the U.S., U.K., or Australia, typically offer lower leverage due to regulatory limits (e.g., 1:30 in the U.K. and Europe under ESMA rules). Conversely, brokers in jurisdictions with less regulatory oversight may offer higher leverage but carry higher risks for traders.
Can You Adjust Leverage Levels During Active Trades?
Typically, leverage levels are set at the opening of a trade and cannot be changed once that trade is active. However, traders can usually adjust the leverage options for future trades through their account settings on the broker’s platform. It's important to consult with your broker’s customer service or review their trading policies to understand their specific rules regarding leverage adjustments.
How Important Are Broker Fees and Spreads When Using High Leverage?
Broker fees and spreads are critically important when using high leverage. Even small fees and spreads can significantly impact returns due to the magnified effect of leverage. Lower spreads and commissions can increase net profits and reduce losses, making them vital for high-leverage trading. Traders should compare brokers based on these costs, especially those with high leverage, to ensure they get competitive rates that will not unduly erode their trading capital.
