Best High Leverage Forex Brokers – Top Brokers Review

Online forex brokers have been operating since the mid-90s when the internet has emerged and became accessible to the public. These brokers offer individual retail traders to speculate on currency pairs prices through their personal computers and mobile devices. One of the key features that made forex brokers so popular is the ability to trade with leverage, which essentially allows you to borrow funds from the broker and use less capital than required in order to get into a position.

If you are looking for a reliable high leverage forex broker, this guide will help find the answers. We are going to suggest the best high leverage forex brokers available in the market, explain what is leverage, and show you how to get started.

Best High Leverage Forex Brokers 2021

  • eToro – Best high leverage forex broker for social trading
  • Capital.com – Most advanced trading platform
  • Libertex – Leverage ratio of 600:1 for professional traders
  • VantageFX – Top high leverage forex broker with competitive spreads
  • FinmaxFX – Maximum leverage of 200:1 for retail traders
  • Plus500 – User-friendly high leverage forex broker
  • Skilling –  Supports the MT4 and high leverage ratio of 500:1
  • AvaTrade – Best high leverage forex broker for professional traders
  • Forex.com – Tight spreads on over 90 pairs
  • FXTM – A fixed leverage 1:1000 for FX Majors

Best High Leverage Forex Brokers Reviewed

1. eToro – Best High Leverage Forex Broker for Social Trading

etoro brokereToro is one of the first social trading platforms that is operating in more than 140 countries around the world. The broker is heavily regulated by the FCA, CySEC, and ASIC and provides users access to over 2400 markets. This includes 49 FX currency pairs that can be traded with a leverage ratio of 30:1 for major currency pairs (such as EUR/USD, GBP/USD, USD/JPY, etc) and 20:1 for all non-major FX currency pairs.

In case you are an experienced trader and would like to trade with high leverage, you can also apply for the professional client eToro account. Then, you’ll be able to trade forex with a leverage ratio of 400:1. However, take note that eToro requires you to take a test in order to determine whether you are qualified as a Professional Client.

Apart from forex trading, eToro also offers margin trading on other markets. As such, you’ll be able to trade commodities with a leverage ratio of x10, stock and ETF with x5, and cryptocurrencies with x2. Additionally, eToro offers users to invest in built-in managed portfolios based on a certain market strategy. This could be market copy portfolios, top-trader copy portfolios, or partner copy portfolios.

Finally, eToro is the ideal high leverage trading platform because it provides a social trading experience including the most advanced and easy-to-use copy trade system. With this broker, you can simply choose another investor and copy all the trades of the chosen investor.

Pros

  • Trade with a leverage ratio of 30:1
  • Heavily regulated
  • Over 2,400 markets that include 49 currency pairs
  • No management fees or trading fees
  • Useful CopyTrader feature and CopyPortfolios
  • Covered under the FSCS
  • Great trading platform

Cons

  • Small withdrawal and inactivity fees

67% of retail investor accounts lose money when trading CFDs with this provider. 

2. Capital.com – Supports the Most Advanced Trading Platforms For Day Traders

capital.com reviewAnother great CFD brokerage firm that offers a leverage ratio of x30 for all forex currency pairs is Capital.com. This UK-based broker, which has additional offices in Cyprus and Belarus, is perhaps the best option for traders that are looking for a high leverage forex broker and access to advanced trading platforms. You can trade using the most popular trading platform in the market, the MT4, or using Capital.com’s in-house platform.

While the MT4 is a great option for all levels of traders, the Capital.com proprietary trading platform gives traders an excellent trading solution including a special tool that sends trading insights by analyzing users’ trading activity. Moreover, the broker offers a range of 140 currency pairs and maintains a minimum deposit of just 20 USD/EUR/GBP.

Caital.com platform

Pros:

  • Extensive educational content for new traders
  • No commissions when buying and selling assets
  • Tight spreads
  • Up to 30:1 leverage for retail clients
  • AI technology that helps users get trading ideas
  • Excellent charting and analysis interface
  • £20 minimum deposit


Cons:

  • No options trading
  • CFDs only

71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

3. Libertex - Leverage Ratio of Up To 600:1 For Professional Traders

libertex reviewFounded in 1997, Libertex is one of the oldest high leverage forex brokers in the industry that offers professional traders to trade with a multiplier of up to 600:1 on currency pairs. Retail clients, on the other hand, can trade with a leverage ratio of 30:1 on FX currency pairs. This is because Libertex is regulated by CySEC and therefore must limit retail clients to the maximum leverage that is allowed.

In terms of trading platforms, Libertex offers a selection of three trading platforms - the MetaTrader4 and its successor MetaTrader5 as well as its own web-based platform and best trading app. Further, the broker offers users to trade on 51 currency pairs that include major, minor, and exotic forex pairs.

Libertex is also a great platform for those who want to trade cryptocurrencies. This broker offers a very extensive range of digital coins including bitcoin and some of the most exotic altcoins in the market. To get started, the broker requires a minimum deposit of just $10.

libertex broker

Pros:

  • A leverage ratio of 600:1 for professional traders
  • Very competitive spreads
  • CySEC regulated
  • Huge range of cryptocurrencies
  • A range of three trading platform – MT4, MT5, and Libertex in house web-based trading platform
  • Low minimum deposit requirement

Cons:

  • Limited range of products

83% of retail investors lose money trading CFDs at this site.

4. VantageFX - Top ECN/STP High Leverage Forex Broker 

vantagefx brokerEven though VantageFX is not as heavily regulated as other market execution brokers with high leverage on our list, it is still a great choice if you are looking to get access to a leverage ratio of 500:1, a range of trading platforms, and lots of trading tools and features. Overall, the broker offers access to over 300 instruments including more than 40 FX currency pairs, indices, commodities, energy, metals, and shares from the US, UK, and Australia. 

The Australian broker takes another approach by offering a trading platform that is best for high active forex traders. As such, you'll get access to a high leverage ratio, zero spreads, lightning-fast execution, 24/7 customer support, negative balance protection, and free forex signals service. Additionally, there's a range of trading platforms and forex tools to choose from and the broker offers a 50% welcome bonus for new clients.

Finally, another reason why VantageFX is a great option is due to the selection of trading account types. This includes the RawECN, Pro ECN, Standard STP, and the Swap-Free account that allows users to trade with margin without having to pay an interest rate on overnight positions.

vantagefx broker live account

Pros:

  • A pure ECN broker – a variety of ECN accounts
  • Zero spreads
  • Supports the ZuluTrade
  • A leverage ratio of up to 500:1
  • Offers a welcome bonus

Cons:

  • Does not hold licenses from top-tier regulators
  • No cryptocurrencies

There is no guarantee you will make money when trading CFDs with this provider.

5. FinmaxFX - Maximum Leverage of 200:1 for Retail Traders

FinmaxFXAnother great option to trade various markets with a high leverage ratio is FinmaxFX, an international offshore brokerage firm that provides a leverage of up to 200:1 for forex and commodities, and 100:1 for energy instruments. Otherwise, if you decide to trade stocks at FinamxFX, you'll be able to leverage your capital by x20. And, the broker also offers a high leverage ratio of 10:1 on cryptocurrencies.

Unlike heavily regulated like eToro and Capital, FinmaxFX is regulated by the Vanuatu Financial Services Commission (VFSC), and the International Financial Market Relations Regulation Center (IFMRRC) - both are less strict regulators than the FCA CySEC, etc. Nonetheless, the broker operates in the industry since 2015 and so far has gained trust from investors and a good reputation in the industry.

Overall, the broker offers a great selection of over 400 financial instruments including over 50 currency pairs - all through the popular MetaTrade5 (web, desktop, and mobile).

FinmaxFX MT5

Pros:

  • Leverage of up to 200:1
  • Supports the MetaTrader 5
  • Allows automated trading
  • Lots of trading tools and features
  • A comprehensive education center

Cons:

  • Does not hold licenses from top-tier regulators
  • Charges high withdrawal and inactivity fee

There is no guarantee you will make money when trading CFDs with this provider.

6. Plus500 - User-Friendly High Leverage Forex Broker

Plus500 logoWith more than 400,000 users across the world, Plus500 is also one of the best-regulated brokers with high leverage. This platform is most suited for beginner traders who are looking for a user-friendly platform that makes the trading experience smooth and easy. In terms of the leverage ratio, Plus500 gives users the ability to trade with a leverage of up to 30:1 on forex and a maximum leverage ratio of 300:1 for professional traders.

When it comes to the selection of assets, Plus500 provides access to more than 70 currency pairs and additional markets that include shares, ETFs, commodities, indices, cryptos, and options. As for the latest, the broker gives you the ability to trade CFD options with a leverage ratio of 5:1. The bottom line, Plus500 is not the most advanced trading platform in the market, but it offers an extremely easy-to-use way to get into the foreign exchange market without the hassle of learning a complicated trading system. The platform is available on any web browser, and mobile device - Android on Google Play and iOS on Apple Store.

Plus500 platform

Pros:

  • Easy to use trading platform
  • High leverage of up to 30:1 for retail clients and 300:1 for professional traders
  • Plus500 is regulated by top-tier regulators around the world
  • Excellent mobile app
  • Competitive spreads
  • Offers FX options

Cons:

  • No the best platform for professional traders
  • Charges high overnight fees

7. Skilling -  Supports the MT4 and High Leverage Ratio of 500:1

Skilling logoFounded in 2016, Skilling is a relatively new online trading platform in the forex and CFD arena. Much like the vast majority of online brokers with high leverage in our list, Skilling uses a dynamic leverage model on various markets with a maximum leverage of 500:1 on major currency pairs and major indices, 200:1 on minors and gold, 100:1 for commodities and minor indices, 10:1 for stocks and 5:1 for digital assets. However, if you are based in Europe and wish to trade with Skilling, then this broker allows you to trade with leverage of up to 30:1 for retail clients and 200:1 for professional clients.

Skilling leverage

One of the main attractions of Skilling is the selection of trading platforms, which makes this broker ideal for all levels of traders. As such, if you are a beginner you can use the SkillingTrader platform, and the Skilling CopyTrading systems in order to copy trades of more successful traders. However, if you have previous trading experience and you would like to trade on a solid advanced platform, then the broker offers you the MetaTrader4 and the cTrader platform.

Pros:

  • More than 800 financial instruments
  • No trading fees, only spreads
  • Great for newbies and for experienced traders
  • Supports three trading platform – Skilling Trader, MT4, and cTrader
  • Offers copy trading tools
  • Regulated by CySEC and FSA
  • High leverage ratio

Cons:

  • Does not support ETF trading

67% of retail investor accounts lose money when trading CFDs with this provider.

8. AvaTrade - Best High Leverage Forex Broker for Professional Traders

avatrade brokerIf you are a professional trader that is looking for a range of advanced platforms and trading tools, then AvaTrade might be the ideal broker for you. This broker operates in many regions across the world, and as such, has different leverage limitation based on the country in which they offer their services, Nonetheless, the maximum leverage ratio available at AvaTrade is up to 400:1 on forex, 200:1 on commodities, 20:1 on ETFs and bonds, and 10:1 for stocks. Further, AvaTrade is one of the few high leverage brokers in the market that also provides leverage of 100:1 for forex options.

Avatrade leverage broker

All in all, AvaTrade is certainly one of the best high leverage brokers in the market, especially for professional traders. With this broker, users get access to the AvaOptions, MetaTrader4, MetaTrader4, automated trading tools, AvaSocial, and AvaTradeGo. This best high leverage forex broker is also very competitive in terms of spreads and the fees it charges. For example, you'll be able to trade the EUR/USD with a spread of just 0.9 pip. 

Pros:

  • Offers a leverage ratio on FX options
  • Low spreads
  • A leverage of up to 400:1
  • Supports a range of trading platforms
  • Offers automated trading solutions – ZuluTrade, DupliTrade, and MQL5
  • Heavily regulated

Cons:

  • Charges a margin fee

9. Forex.com - Tight Spreads on Over 90 Pairs

forex.com logoFOREX.com is one of the most trusted forex brokers with high leverage in the US and globally. It offers more than 90 currency pairs with extremely competitive spreads, largely due to the fact that Forex.com is an STP broker and has a DMA account for active traders. In that aspect, direct market access (DMA) is a type of account that gives users access to top liquidity providers, which results in better spreads and a more transparent trading environment.

Moreover, Forex.com is primarily a forex broker and thus, has lots of solutions and trading tools for forex traders including a wide range of platforms and trading tools. Being an STP forex broker, Forex.com is also one of the few high leverage brokers that offer cash rebates for high volume traders through its Active Trader Program.

Forex.com leverage forex

In addition to forex, this broker also provides access to 4500 markets including stock indices, commodities, stocks, cryptocurrencies and is a top ETF broker. This means you get access to popular cryptos like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple.

Pros:

  • One of the most trusted brokers with high leverage in the industry
  • Access to 90 currency forex pairs
  • Fast market execution
  • Forex.com has a cash rebate program for active traders
  • A range of trading platforms and mobile apps
  • Heavily regulated – including US licenses
  • Over 4500 markets

Cons:

  • The pricing structure is not clear

There is no guarantee you will make money with this provider.

10. FXTM - A Fixed Leverage of Up To 1000:1 for FX Majors

fxtm logoFinally, if you are looking for a very high leverage broker, FXTM is one of the best choices in the CFD and forex markets. This broker offers a leverage ratio of up to 1000:1 along with some of the lowest spreads in the industry. And, unlike the vast majority of high leverage forex brokers that typically limit leverage for micro accounts, FXTM Micro account comes with a leverage of 1000:1 for FX Majors, 500:1 for FX Minors, 50:1 for FX Exotics, and 500:1 for Spot Metals.

Crucially, ForexTime is also very competitive in terms of spreads. For example, the broker has zero spread for the EUR/USD and just 0.1 pip for GBP/USD. Then, FXTM discloses swap fees for all of the instruments it provides, which is usually not available on other forex brokers' sites. In that aspect, FXTM is one of the most cost-effective trading platforms if you wish to trade with margin and leave your positions open overnight. Finally, the broker offers a great selection of platforms that include the MT4, MT5, and the FXTM in-house platform and maintains a minimum deposit requirement of just $5 to get started. It also offers six unique forex indices.

FXTM logo

Pros:

  • High leverage ratio of up to 1000:1
  • Low overnight fees
  • Provides trading on six FX currency indices
  • Globally licensed and regulated brokerage firm
  • Tight spreads
  • Low minimum deposit requirement

Cons:

  • Limited selection of instruments compared to other brokers
  • Charge withdrawal and inactivity fee

There is no guarantee you will make money with this provider.

High Leverage Forex Brokers Fees & Leverage Comparison

Below you will find a fee comparison table of the best high leverage forex brokers in 2021:

Max Leverage (Retail Clients) Max Leverage (Professional Clients) Fees
Number of FX Currency Pairs
eToro 30:1 400:1 Commission-free 49
Capital.com 30:1 500:1 Commission-free More than 140
Libertex 30:1 600:1 Commission-free 51
VantageFX 500:1 500:1 Commission-free More than 40
FinmaxFX 200:1 N/A Commission-free More than 50
Plus500 30:1 300:1 Commission-free More than 70
Skilling 500:1 (Non-EUR account), 30:1 for EUR account Up to 200:1 for EUR account Commission-free More than 70
AvaTrade 400:1 400:1 Commission-free More than 50
Forex.com 50:1 N/A Commission-free More than 70
FXTM 1000:1 1000:1 Commission-free More than 60

High Leverage Explained

Before you start trading forex with leverage, it is crucial that you understand the concept of margin trading, how high leverage trading works, and the pros and cons of leverage trading.

What is Leverage in Forex Trading?

In simple terms, leverage in forex trading is the funds that you borrow from a broker that essentially gives you the ability to control large size of a position using very little of your own capital. In other words, margin trading allows you to trade with more capital than you have in your trading account. Obviously, this service does not come at no cost as the broker will charge you an interest rate on the borrowed funds, known as an overnight fee or swap fee.

For example, let's say you want to buy the EUR/USD via one of the market execution with high leverage brokers from our list above. Then, you deposit $1000 to your account, however, by using a leverage of 30:1, every $1 you have deposited is worth $30, meaning you now can trade with an amount of $30,000.

What is Considered a Good Leverage Ratio in Forex Trading?

That's the big question. In general, there are several factors you need to take into consideration before you choose the level of leverage. First, a high leverage ratio can make trading extremely stressful and very risky (and, much more exciting). Hence, you need to find the high leverage point that is right for your personality. For example, if you see yourself as a low-risk conservative trader, you might better utilize a low leverage ratio of up to 30:1 on forex and 10:1 or even 5:1 for other instruments. Otherwise, if you have the ability to control your trades when the value of each price movement is high, then don't be afraid to use a high leverage ratio.

The second factor you need to consider is the trading strategy you plan on using and the market on which you want to focus on. Essentially, you can utilize short-term or long-term trading strategies. In that aspect, most traders agree that a high leverage ratio is more beneficial when you day trade or scalp trade. This way you can avoid overnight risk as well as overnight fees. Otherwise, if you plan on taking long-term positions, then you better use a low-medium leverage ratio in order to better control your account balance.

Finally, another factor to consider is the market you plan to trade. The cryptocurrency, for example, is known as being more volatile and as such, it is better to use a low leverage ratio. The forex market or fixed-income assets, on the other hand, are less volatile and therefore, you can use a higher leverage ratio when trading these markets.

Why Leverage Trading is Beneficial?

Essentially, leverage trading has been there since old times. The concept works similarly to credit by allowing you to trade financial instruments with a certain percentage of the total size of the position. Thus, leverage is a great tool if you know how to use it correctly. This tool is used by expert traders as it enables them to trade more lots, contracts, or shares with less capital than they initially deposited to the account. Also, with leverage, traders can essentially generate profits from relatively small price fluctuations in the assets they trade. This is a major factor for high-speed traders and those who wish to scalp, which is a trading strategy that involves making small profits from minor price changes in very short time frames (second, minutes, hours).

Tip for Trading with High Leverage

Leverage can certainly be a good way to get the most out of your capital when you trade forex and other financial assets. However, you need to take into consideration that leveraged trading is a double-edged sword as it increases your chances to make high profits but at the same time, it increases the chances of losing the money you have invested. In other words, the higher leverage associated with your trading account, the higher the risk.

Ultimately, the success of trading with leverage depends on the trading strategy you use and the risk management tools you apply. That said, below you can find some tips for trading with leverage:

  • Use a risk-reward ratio
  • Use a high leverage ratio for short term trading, and a low leverage ratio for long term investment
  • When using leverage, understand the value of a pip before you get into a position
  • Use other risk management tools like negative balance protection, and stop loss and take profit orders.
  • Use trailing-stop order

How to Get Started with a High Leverage Forex Broker

If you are ready to open an account and start trading with a trusted high leverage forex broker, in this section of our guide we'll walk you through the process of opening an account and start trading with eToro.

Step 1: Open a Trading Account and Verify Your Identity

The first thing you need to do is to open an eToro account. To do that, simply head over to eToro's homepage and click on the 'Join Now' button in the top right corner of the screen. On the next page, you'll see a registration form where you'll be asked to enter your email address and create a username and password. Also, you can sign up using your Facebook or Google account.

eToro sign up

 

 

 

 

 

 

 

 

67% of retail investor accounts lose money when trading CFDs with this provider. 

As soon as you click on the Create Account button, you immediately get an email from eToro to confirm your email address. Then, since eToro is a regulated brokerage firm, on the next step you are required to verify your identity by uploading proof of ID (a copy of your passport or driver’s license) and proof of address (a copy of a bank statement or utility bill).

Step 2: Deposit Funds

After you have registered and verified your account, you can make a deposit to your new trading account. Generally, eToro makes things simple by maintaining a minimum deposit requirement of $200 and offering the most commonly used payment methods that include credit and debit card, bank wire transfer, PayPal, Neteller, and Skrill.

Step 3: Practice Your Leverage Trading on a Demo Account

Fortunately, some high leverage forex brokers like eToro offer you to use a demo account in order to get familiar with their platforms and practice your trading skills. Further, a demonstration account is a good way to understand how margin trading works on the chosen platform and the value of each price movement.

So, before you start trading with real money, you can use eToro's demo account. This will help you get a better idea about the risk and potential of leverage trading.

Step 4: Start Trading with Leverage

At this point, you can start trading with leverage. The first thing you need to do is to find the asset you want to buy or short sell by typing the symbol at the search bar. Then, click on the first result that appears in the drop-down menu, and on the next page, click on the Trade button. Now, you'll see an order form with all the details of the transaction including the leverage ratio applied to the asset you have decided to trade. Finally, to place the order in the market, simply click on the Open Trade button. Then, to ensure you control the position, navigate to your portfolio and insert stop loss and take profit orders.

eToro leverage trading

Conclusion

In the early days of online forex trading platforms, many brokers used to offer a very high leverage ratio of 400:1 and even higher. However, over the past years, financial regulations have decided to limit the leverage ratio that brokers are allowed to offer in order to protect inexperienced traders and thus make the CFD arena more legit.

The bottom line, all of the brokers on our list of the best high leverage forex brokers offer top-notch trading platforms and a great selection of financial assets. But if social trading is a feature that you would like to use, then eToro is the best choice out there for you. 

 

etoro logo

67% of retail investor accounts lose money when trading CFDs with this provider. 

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