Choosing a forex trader for a great trading experience can be as challenging as choosing a car or any other tangible asset. This is so because you will never want to spend your money on something that is not worth it or will turn out to be a complete scam. So, make sure you conduct thorough research and evaluate each detail carefully about the forex broker before you sign up with him. Your research should include all the relevant factors such as the broker’s reputation, regulations and the trading conditions offered. Leverage is one of the most critical factors that every trader must know about. So, let’s see whether it is a good idea to trade with high-leverage forex forex brokers. Read More
In general, this topic is quite controversial and needs a two-sided analysis. This means you must understand first that top forex brokers with high leverage is a double-edged sword which could either lead to high profits or cause huge losses. Thus, you must decide for yourself if you are keen to bear the risk of trading with high-leverage forex brokers.
Leverage is presented in ratios. For Example, 1:1000 leverage would mean that your buying power has increased by 1000 times. You need to deposit only $1000, and the broker will match it to make $1,000,000. Hence, high leverage gives traders opportunities which otherwise are not available. Small traders with less capital can also take advantage of leverage to enhance their profits. However, keep in mind that leverage can also maximize your losses. So, highest leverage must be managed carefully and not continuously, especially if you don’t need it.
Forex Brokers With High Leverage:
There are many brokers in the market that offerhigh leverage forextrading, so there are lots of options available for you to choose from and find one that suits your needs the best. However, one thing you must keep in mind is that several financial regulatory bodies restrict brokers from offering high leverage because they can cause huge losses.
Trading leverage has massive significance in forex trading as it allows them to trade a much bigger sum of money, resulting in more significant gains than what you have earned with a lower amount. Experienced traders mainly prefer high leverage to fulfill their aggressive trading strategies. Hence, forex beginners should stick to low leverage at first. With time and experience, they can switch to high leverage. Remember that you must opt for high leverage only if you can tolerate the risks.
Leverage provides traders with an excellent opportunity to make some quick profits; however, just be careful as it also creates a possibility to cause heavy losses and can even wipe out your trading account. So, perform your risk calculations beforehand before engaging in forex trading. Here is the list of no deposit forexbrokerwith high leverage:
Avatrade:
Avatrade is a great high-leverage broker established in 2006 and lets you trade with a minimum of $100. The broker is regulated by some renowned regulatory bodies such as CySEC, CBI, FSA, FFAJ, BVI FSC, FSCA and FSRA. The maximum leverage offered by Avatrade is 1:400. The trading platforms offered by the broker are MT4, MT5 and its own customized platform referred to as AvaTradeGo.
XM Group:
XM Group lets you trade with a minimum amount of $5 and offers maximum leverage of 30:1. The brokerage firm came into existence in 2009 and is regulated by three regulatory bodies: CySEC, FCA and ASIC. The available trading platforms on XM Group are Mt4, MT5 and WebTrader.
Capital.com:
Established in 2016, capital.com has become one of the best forex brokerage firms among traders. Capital.com is a fully regulated brokerage firm and offers diverse trading platforms such as MT4, TradingView, Mobile, and Web. The minimum initial deposit required is $20, and the maximum leverage offered is 1:200.
HotForex:
HotForex is another forex broker established more than a decade ago in 2010. The best thing about HotForex is that you only need a mere $5 to open a trading account with them. Not only the forex brokerage is regulated by multiple regulatory bodies, but it also offers leverage as high as 1:1000. The trading platforms available on HotForex are MT4 and MT5.
CM Trading:
CM Trading is an effective forex brokerage firm which is regulated by FSCA and offers a maximum leverage of 1:200. It came into existence in 2012 and requires traders to make a minimum deposit of $250 to open a trading account. MT4 and WebTrader are two trading platforms available with CM Trading.
Bottom Line:
As it is clear, Top High Leverage Brokers is a two-sided metal, it has both merits and demerits simultaneously. So, analyze every aspect carefully before you decide to trade with high leverage. The level of your leverage will depend upon the trader’s experience, risk tolerance and familiarity with forex trading.
