When speaking of leverage, there will be two schools of thoughts. One is that leverage is a great way to maximize profits from trading. The other opinion is that leverage is very risky and we must be very careful when using them. Well, they are both correct. Leverage means both opportunities and dangers. How to use leverage effectively depends on the experience of the trader. If you’re experienced and follow your risk management plan strictly, you can benefit a lot from high leverage. That’s why today I want to show you the best forex brokers with high leverage for you to work with.
Leverage in forex
In forex trading, leverage is a very good way to multiply your profits. Leverage ranges from 1:10 to 1:1000 and some brokers can have leverage as high as 1:2000 or 1:5000. Exness even has 1:unlimited leverage rate.
How to use leverage
Leverage is strictly connected with margin. Margin is a part of your equity. When you use leverage, the broker will take away the margin from you and keep it somewhere else. Margin now is a guarantee that you won’t go bankrupt. As long as you have money to pay for margin, you can use as much leverage as possible. Don’t worry. Once you complete a position, the margin will be sent back to your account.
How to find the best forex brokers with high leverage
Finding a good forex broker is not very hard. You just need to follow a set of standards that are very common in the market: regulations, trading cost, trading conditions, and customer support. However, it’s very time-consuming because you’ll have to compare each broker to the other. Luckily, we have done that for you. Here are our top choices for the best forex brokers with high leverage
Exness offers every trader unlimited leverage, a feature that no other brokers can afford. Unlimited leverage means you have to pay nothing for margin. This feature, however, is for experts only. Because experts follow risk management plan very strictly, they’re trusted to use unlimited leverage.
Exness has very low spread, I think it’s the lowest in the forex market. If you trade currency pairs with fixed spread, Exness offers you the lowest spread in the forex market. Remember that Exness spread is the lowest for the 6 most trading currency pairs. For others, it may be higher.
Beyond without controversy, Exness’ customer service very professional and devoted to clients. They deserve one of the top 10 forex brokers in the world. Unlike other brokers, who only support in English, clients of Exness are supported with care 24/7 in many local languages such as: Chinese, Thai, Bahasa Malaysia, Vietnamese, and Persian. There is a prompt team of customer service to help you at any time in each local country.
Don’t worry if you don’t know English. Exness has a lot of flexible languages. In addition, Exness is audited by Deloitte, one of the top accounting companies in the world, so you can believe any types of information provided on the website of Exness.
From my experience, I think XM is a very reliable forex broker. It has three of the most well-known forex regulations, which are FCA from UK, CySEC from Cyprus, and ASIC from Australia.
There are three main types of XM account comprising of Micro account, standard account, and zero account. If you choose Micro account, you can experience commission-free and the low spread. The minimum deposit is just $5, but the leverage is up to 1:888. All accounts allow 200 orders at a time.
From my experience, I’m really satisfied with XM’s customer services since it’s been a smooth journey for me with no technical errors or any discomfort. You do not need to worry if your native language is not English as XM supports over 30 languages such as Thai, Chinese, Indonesian, Vietnamese, etc. 24/7.
HotForex offers tight spreads to traders. In case you are a scalper and an automated trader, a special fixed spread account will be added that is equal to spread prices in the international banks. A different leverage will be available in this account. In other words, the leverage conditions for Premium, Micro, and VIP are in proportion to 1:500, 1:400, and 1:300 (not for EU clients. Maximum leverage is 1:30 scale for EU)
HotForex provides a lot of languages for many kinds of traders. In addition, they support 24/7 via hotline, chatting, email, or even Skype. There are 27 languages on the website for many traders from other countries to make sure that every trader can understand the contents. In addition, HotForex gives other items such as: training materials, videos, charting tools, free signal alerts, daily commentary… for newbies and any traders.
There you have it. The 3 best forex brokers with high leverage. Their leverages may not be the highest in the market, but they are pretty high and especially, they come with great trading conditions for traders.
Synthesized by top4forexbrokers.net