12 Best High Leverage Brokers in 2024 Reviewed – With Low Fees

High leverage brokers enable traders to buy and sell assets without needing to cover the full value of the position. This can be useful for a variety of strategies – especially day trading.

In this guide, we compare the 12 best high leverage brokers for 2024. Read on to explore the best brokers with high leverage, low fees, and supported markets.

The Best High Leverage Brokers List

Here’s a list of the best high-leverage brokers for 2024:

  1. XTB – Overall best high-leverage broker with up to 1:500 leverage. 2,200+ global markets are supported.
  2. Plus500Ltd – Plus500Futures has a huge variety of futures assets; leverage depends on margin.
  3. Vantage – Low fee broker with leverage of up to 1:1000; 49 forex pairs. Minimum deposit is just $50.
  4. IUX – Institutional-grade forex broker with up to 3000X leverage. Low spread and zero commission fees.
  5. Pepperstone – Leverage of up to 1:30 for retail clients. Razor account offers spreads from 0.0 pips.
  6. AvaTrade – CFD broker that supports over a thousand markets. Leverage of up to 1:400 is available.
  7. Skilling – Commission-free trading and spreads from 0.7 pips. Leverage of up to 1:30 for retail customers.
  8. Forex.com – US forex broker with high leverage. Trade major forex pairs with leverage of up to 1:50.
  9. Interactive Brokers – US broker with 50X leverage, charting tools, and thousands of markets.
  10. FBS –  Trade with leverage of up to 1:3000. Supported markets include forex, stocks, and indices.
  11. HFM – Over 3,500 trading instruments, including forex, stocks, and indices, with leverage of up to 1:2000.
  12. Admirals – Up to1:500 leverage with this long-established low-spread broker. MT4 and MT5 integration.

Best High Leverage Brokers Reviewed

Now we will review the 12 best high leverage brokers that were listed above. In addition to leverage, we also explore each broker’s fee structure, supported markets, regulatory status, trading tools, and much more.

1. XTB – Commission-Free CFD Broker With Leverage of up to 1:500 

XTB is one of the best high leverage brokers, with limits of up to 1:500 available. This permits up to $500 in trading capital for every $1 risked. The 1:500 limit is available on major forex pairs and most minor forex pairs. Exotics, such as EUR/TRY, can be traded with leverage of up to 1:40. XTB is also ideal for trading commodities with leverage.

Gold comes with limits of up to 1:500 and other commodities at 1:67. XTB also offers leverage of up to 1:5 on stocks. This covers stocks from over a dozen markets, including the US, UK, Italy, and Germany. In addition to offering high leverage limits, XTB is also one of the best brokers for low fees. All supported markets can be traded commission-free, and spreads on major forex pairs start at 0.8 pips.

XTB review

What’s more, XTB offers fee-free deposits on debit/credit cards and bank wires. The drawback is that Skrill payments attract a fee of 2%. Nevertheless, there is no minimum deposit requirement. We also like XTB for its advanced trading platform, xStation 5. The platform supports high-level charting tools, including dozens of technical indicators.

xStation 5 supports multiple device types, including desktops and smartphones. That said, XTB does not support third-party platforms like MT4 or MT5. XTB does, however, offer a free forex demo account. This is ideal for first-time traders or those looking to test a new trading strategy. Finally, XTB is authorized and regulated in multiple jurisdictions, including the UK, Poland, Spain, and Belize.

For more details check out our full XTB review.

Number of FX Pairs 48
Max Leverage 1:500
Other Assets Stocks, ETFs, commodities, indices, cryptocurrencies
Pricing 0% commission for all supported markets
Spread for EUR/USD 0.8 pips
Platforms Proprietary web trading platform, desktop software, and mobile app
Accepts US Clients? No
Broker Type Market maker

What we like about XTB

  • Trade over 2,200 global markets with leverage of up to 1:500
  • No trading commissions and tight spreads
  • Top-notch trading platform xStation 5 supports multiple devices
  • Fast and hassle-free registration process

77% of retail investor accounts lose money when trading CFDs with this provider.

2. Plus500 – Trade with Attractive Day Margins and Low Commissions

Plus500Ltd is a popular trading company with over 25 million users across 50 countries since its inception. It offers multiple assets from crypto, agriculture, metals, forex, interest rates, energy, and equity indices on the futures platform, making it one of the best platforms for diversifying your investments.

There is a micro contract commission, a standard and e-mini contract commission, and a liquidation fee per contract. You’ll pay $0 for deposits and withdrawals, a platform fee, a routing fee, or for using Plus500’s charts and graphs.

Plus500 Site

Each contract has its own leverage on the Plus500Futures platform, depending on the margin. However, using leverage is a risky play, as you can lose just as much as you could win.

To improve your trading, Plus500 lets you try the platform with a free demo account. Aside from getting familiar with the platform, this can be a handy tool to improve your trading.

Number of FX futures 13
Max Leverage Depends on the margin
Other Assets crypto, agriculture, metals, forex, interest rates, energy, and equity index
Pricing Low commissions
Spread for EUR/USD No spread on the futures platform
Platforms Web Trader and mobile apps
Accepts US Clients? Yes, only Plus500 Futures accounts
Broker Type Multi-asset

What we like about Plus500

  • Regulated and licensed by multiple financial authorities – Cunningham Commodities, LLC d/b/a Plus500, a Futures Commission Merchant registered with the US Commodity Futures Trading Commission and a member of the National Futures Association (NFA ID number 0001398)
  • Depends on the margin and low commissions
  • Multiple assets, including crypto, agriculture, metals, forex, interest rates, energy, and equity index

Trading with leverage comes with a high risk and may not be suitable for everyone.

3. Vantage – Low-Fee Trading Platform With Spreads From 0.0 Pips 

Vantage is a popular trading platform that offers super-low fees. That said, specific fees will depend on the chosen account type. For example, those opting for the STP account will have access to 0% commissions on all markets, with spreads starting from 1 pip. Alternatively, those opening a raw ECN account can trade with spreads of 0.0 pips alongside a commission of $3 per slide.

These account types come with a minimum deposit of just $50. There is also a pro ECN account that offers 0.0 pip trading with a lower commission of $1.50 per slide. But do note this requires a minimum deposit of $10,000. All supported account types come with a high leverage limit of up to 1:1000. This means that a $1,000 position would require a margin of just $1.

Vantage review

In terms of supported markets, Vantage supports nearly 50 forex pairs. It also supports indices, ETFs, commodities, and almost 800 global stocks. We also like that Vantage supports MT4 and MT5. The platform also enables traders to deploy expert advisors (EAs). Those looking to try Vantage without risking any money can open a risk-free demo account.

This comes with $100,000 in virtual trading funds, and it takes just 30 seconds to open. While the demo account is only valid for 30 days, lifetime access is available after making a deposit. Supported payment types include debit/credit cards, Skrill, Neteller, and bank wires.

For more information about this leading high-leverage broker check out our detailed Vantage Markets review.

Number of FX Pairs 49
Max Leverage 1:1000
Other Assets Stocks, ETFs, commodities, indices
Pricing Depends on the account type. Commission-free and zero-spread accounts are available
Spread for EUR/USD From 0.0 pips, depending on the account
Platforms MT4 and MT5
Accepts US Clients? No
Broker Type ECN, STP, and market maker

What we like about Vantage

  • Leverage of up to 1:1000 available
  • Multiple accounts to choose from – including commission-free and zero-spread trading
  • Minimum deposit of $50
  • Free demo account with $100,000 in virtual trading funds

Trading derivatives carries significant risks

4. IUX – Popular Forex Platform Providing Low Latency and Low Fees Alongside High Leverage Trading

IUX is a relatively new market entrant with a reputation for high leverage and wide market coverage. Although its main focus is forex trading, IUX also provides access to CFDs mainly in the commodity, cryptocurrency, indices, and stock markets.

IUX offers trades with leverage of up to 3000x making it one of the most popular platforms on the market today. Alongside spreads starting from as little as 0.0 PIPs and access to over 250 different financial instruments, it becomes clear why the platform remains a favorite choice.

IUX advantage

Due to this, over $1.5 billion worth of CFD trades are processed each day and therefore the platform has been designed with institutional grade usage in mind.  Consequently, IUX has access to deep levels of liquidity and through its Equinix LD4 server, the platform can execute trades with an average speed of just 30ms. For users who require even faster speeds, IUX offers access to Low Latency Collocated VPS servers completely free of charge.

With support for over 10 languages and access via desktop or mobile app, it is easy to see why IUX has over 35,000 successful downloads to date.

Number of FX Pairs 60+
Max Leverage Up to 1:3000
Other Assets Stocks, shares, commodities, indices, cryptocurrencies
Pricing 0% commission; Low fixed-cost spreads; No hidden fees
Spread for EUR/USD Starting from 0.0
Platforms Low Latency Collocated VPS
Accepts US Clients? No
Broker Type Low spread trading, CFDs

What we like about IUX

  • High Leverage: Access up to 3000x leverage on your trades
  • Low Cost Trading: Zero-cost spread trading and no hidden fees.
  • Deep Liquidity: No matter the size of your trade, rest assured it will always execute.
  • Global Coverage: More than 10 language models are supported by the app.
  • Market Coverage: Over 250 different financial markets on offer.

75% of retail investor accounts lose money when trading CFDs with this provider

5. Pepperstone – Trade Leveraged CFD Assets With Industry-Leading Spreads        

Pepperstone is a top-rated platform for trading leveraged CFDs. It offers access to over 1,200 markets, covering commodities, indices, forex, cryptocurrencies, and ETFs. Pepperstone also supports stocks from the US, Germany, Australia, Hong Kong, and the UK. Leverage limits are capped at 1:30, in line with FCA limits.

However, those that qualify as professional clients can trade with leverage of up to 1:200. We also like that Pepperstone offers low trading fees across two core account types. First, standard accounts are commission-free. Spreads on the standard account start from 1 pip on EUR/USD. Alternatively, there is also the razor account, which offers institutional-grade spreads.

Pepperstone review

This offers spreads from 0.0 pips on major pairs. Commissions on razor accounts are $3.50 per slide. Both account types offer access to MT4, MT5, cTrader, and TradingView. There is no minimum deposit requirement at Pepperstone, and the platform accepts debit/credit cards and bank wires. In addition to CFDs, Pepperstone also supports spread betting markets.

That said, this is only accessible to those in the UK and Ireland. Pepperstone also stands out when it comes to analysis. The platform offers daily insights into the markets, in addition to expert opinion pieces. There is also live event coverage for important economic meetings, not to mention expert commentary.

Number of FX Pairs 60+
Max Leverage 1:30
Other Assets Stocks, ETFs, commodities, indices
Pricing Depends on the account type. Commission-free and zero-spread accounts are available
Spread for EUR/USD From 0.0 pips, depending on the account
Platforms MT4, MT5, cTrader, and TradingView
Accepts US Clients? No
Broker Type ECN and market maker

What we like about Pepperstone

  • Accounts take just minutes to open and there is no minimum deposit requirement
  • Choose from a commission-free or zero-spread trading account
  • Supported platforms include MT4, MT5, cTrader, and TradingView

80.9% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

6. AvaTrade – Heavily Regulated Broker With Support for MT4 and MT5       

AvaTrade is one of the best high leverage brokers for MT4 and MT5 accounts. Both of these platforms enable AvaTrade customers to trade commission-free. Spreads are usually competitive, with EUR/USD averaging just 0.9 pips. AvaTrade also offers its own native trading suite. This supports a wide range of analysis tools and can be accessed online or via the AvaTrade app.

Moreover, AvaTrade even has its own options trading platform. This supports over 40 forex pairs and gold. Outside of the options suite, AvaTrade also supports stocks, ETFs, bonds, commodities, and indices. AvaTrade will also appeal to traders that wish to automate their strategies. Automated trading is supported via AvaSocial, DupliTrade, and Capitalise.ai.

AvaTrade review

In terms of leverage, limits of up to 1:400 are available to retail clients. However, limits will depend on the trader’s country of residence. For instance, those based in the UK, Europe, or Australia will be capped at 1:30. Nevertheless, AvaTrade accounts take just seconds to open, and the minimum deposit is $100. AvaTrade also offers a free demo account for those wishing to test the platform before making a deposit.

Number of FX Pairs 40+
Max Leverage 1:400
Other Assets Stocks, ETFs, commodities, indices, cryptocurrencies, bonds, options
Pricing 0% commission on all supported markets
Spread for EUR/USD 0.9 pips
Platforms Proprietary web trading platform and mobile app. Separate platform for options trading. Also supports MT4 and MT5.
Accepts US Clients? No
Broker Type Market maker

What we like about AvaTrade 

  • Regulated in nine different jurisdictions
  • 0% commission across all supported markets
  • Supports MT4 and MT5

76% of retail investor accounts lose money when trading CFDs with this provider.

7. Skilling – User-Friendly CFD Broker With 0% Commission Trading      

Skilling is one of the best high leverage brokers for beginners. Its proprietary web trading platform is user-friendly, and all supported markets can be traded at 0% commission. Its native mobile investment app for iOS and Android is also ideal for newbies. Additionally, Skilling has also developed its own copy trading platform that supports over 800 strategies.

This means that Skilling customers can trade passively around the clock. There is also support for MT4 and cTrader, although these platforms are more suitable for experienced traders. When it comes to leverage limits, retail clients are capped at 1:30. Professional clients will receive increased limits at 1:200.

Skilling review

More than 900 trading markets are supported by Skilling. This includes stocks, ETFs, forex, commodities, and indices. Over 50 cryptocurrencies are also listed. This covers some of the best altcoins, including Ethereum, XRP, Litecoin, and Bitcoin Cash. The minimum deposit at Skilling is $100, and the platform accepts debit/credit cards, e-wallets, and bank wires.

Number of FX Pairs 73
Max Leverage 1:30
Other Assets Stocks, commodities, indices, cryptocurrencies
Pricing 0% commission on all supported markets
Spread for EUR/USD 0.7 pips
Platforms Proprietary web trading platform and mobile app. Also supports MT4 and cTrader.
Accepts US Clients? No
Broker Type Market maker

What we like about Skilling

  • One of the best forex brokers high leverage for beginners
  • Supports over 900 markets – including stocks, crypto, and forex
  • Offers copy trading tools with over 800 strategies
  • 0% commission trading on all markets

71% of retail investor accounts lose money when trading CFDs with this provider.

8. Forex.com – Top Forex Broker for US Clients Seeking Leverage          

US clients looking to trade currencies with leverage often consider Forex.com, one of the best forex brokers with high leverage that accept US clients. This is an established trading platform with multiple regulatory licenses from the US, UK, Canada, Hong Kong, Singapore, Japan, Australia, and the Cayman Islands. In terms of leverage, US clients can trade major forex pairs at 1:50. Minors and exotics usually cap US traders to 1:20.

Those outside of the US will be offered leverage limits based on which jurisdiction they fall under. For example, those in Australia will be capped at 1:30 on majors and less on other asset classes. Forex.com supports over 80 currency pairs alongside gold and silver markets. Those outside of the US can also trade CFDs across indices, stocks, and cryptocurrencies.

Forex.com review

In terms of fees, this depends on the chosen account type. For instance, standard accounts are commission-free. While raw accounts come with more competitive spreads alongside a small commission. Direct market access (DMA) accounts come with zero spreads and a higher commission.

Number of FX Pairs 82
Max Leverage 1:50
Other Assets Stocks, commodities, indices, futures, options, cryptocurrencies
Pricing Depends on the account type. Standard accounts offer commission-free trading.
Spread for EUR/USD From 0 pips, depending on the account type.
Platforms Proprietary web trading platform and mobile app. Also supports MT4, MT5 and TradingView
Accepts US Clients? Yes
Broker Type ECN and market maker

What we like about Forex.com 

  • One of the best USA forex brokers with high leverage
  • US clients can trade forex with leverage of up to 1:50
  • Non-US clients can trade thousands of CFDs – including stocks and crypto
  • Three account types to choose from

9. Interactive Brokers – Premium Brokerage Platform for Seasoned Pros           

We found that Interactive Brokers is also one of the best high leverage brokers accepting US clients. Its proprietary trading suite, Trader Workstation (TWS), offers some of the most advanced analysis tools in the market, This includes technical and economic indicators, drawing tools, customizable trading screens, risk management features, and real-time market data.

TWS also supports a wide range of order types, including take-profits, brackets, and OCOs. Interactive Brokers is also one of the best high-leverage brokers for supported markets. This covers tens of thousands of assets across 150 markets, including stocks, funds, options, futures, currencies, and commodities.

Interactive Brokers review

Fees will vary widely on Interactive Brokers depending on the asset, market, and account type. For instance, US residents on the IBKR Lite account can trade domestic stocks and ETFs at 0% commission. While options and futures can be traded from $0.15 and $0.25 per contract, respectively. Currencies can be traded from 0.08 basis points, with spreads starting at 1/10 of a pip.

Number of FX Pairs 100+
Max Leverage 1:50
Other Assets Stocks, commodities, indices, futures, options, cryptocurrencies, bonds, mutual funds
Pricing Depends on the account type, country of residence, asset, and market.
Spread for EUR/USD From 1/10 of a pip
Platforms Proprietary web, desktop, and mobile platforms across IBKR GlobalTrader and Trader Workstation
Accepts US Clients? Yes
Broker Type ECN

What we like about Interactive Brokers  

  • One of the top forex brokers with high leverage for seasoned pros
  • US-based brokerage with leverage of up to 1:50
  • Supports tens of thousands of assets across 150 markets
  • Trade currencies from 1/10th of a pip

10. FBS – Huge Leverage Limits of up to 1:3000           

With limits of up to 1:3000, FBS is one of the best high leverage trading platforms in the market. Put simply, FBS offers $3,000 worth of trading capital for every $1 staked. This will appeal to those on a budget with a high tolerance for risk. 1:3000 leverage is available on standard accounts. This account type comes with 0% commission trading and floating spreads from 0.5 pips.

Alternatively, cent accounts support leverage of 1:1000, with 0% commissions and spreads from 1 pip. Additionally, FBS also offers ECN accounts, with spreads starting at 0.0 pips on EUR/USD. That said, ECN accounts come with a high commission of $6 per traded lot.

FBS broker review

Another drawback with FBS is that the number of supported markets is limited. For example, the platform supports just 36 forex pairs and 11 commodities. Moreover, just 127 stocks and 5 cryptocurrencies are listed. On the flip side, we do like that customer support is offered on a 24/7 basis. Moreover, FBS supports EAs and hedging strategies.

Number of FX Pairs 36
Max Leverage 1:3000
Other Assets Stocks, commodities, cryptocurrencies, indices
Pricing Depends on the account type. Commission-free and zero-spread accounts are offered.
Spread for EUR/USD From 0.0 pips, depending on the account
Platforms Proprietary mobile app. Desktop and web trading across MT4 and MT5
Accepts US Clients? No
Broker Type ECN, STP, and Non-Dealing Desk (NDD)

What we like about FBS  

  • Highest leverage stock broker – up to 1:3000
  • Multiple account types to choose from – including ECNs
  • Also supports some of the most promising cryptocurrencies

11. HFM – Popular Trading Platform With Over 2.5 Million Client Accounts           

Formerly known as Hot Forex, HFM is a popular trading platform that was launched in 2010. It supports over 2.5 million accounts and manages more than $2 billion worth of client deposits. Over 3,500 markets are available on HFM, including forex, commodities, stocks, bonds, and indices. HFM also supports cryptocurrency trading, with leverage of up to 1:10. This includes some of the best utility tokens, such as Ethereum and BNB.

Other assets come with significantly higher limits. For example, all supported forex pairs across the majors, minors, and exotics can be traded with leverage of 1:2000. Leverage of 1:2000 is also available when trading gold against the US dollar or euro.

HFM review

We also like that HFM supports four account types. The cent account offers 0% commission trading with spreads from 1.2 pips. While the zero account offers zero spread trading with commissions of $3 per traded lot. The zero, cent, and premium accounts do not have a minimum deposit requirement. But the pro account requires at least $100.

Number of FX Pairs 53
Max Leverage 1:2000
Other Assets Stocks, commodities, cryptocurrencies, indices, ETFs, bonds
Pricing Depends on the account type. Commission-free and zero-spread accounts are offered.
Spread for EUR/USD From 0.0 pips, depending on the account
Platforms Proprietary web trading platform mobile app. Also supports MT4 and MT5
Accepts US Clients? No
Broker Type ECN and STP

What we like about HFM  

  • Trade forex and gold with leverage of up to 1:2000
  • Supports zero-spread accounts
  •  Trusted by over 2.5 million clients

12. Admirals – 1:500 High Leverage Broker with 8,000 Instruments and Top Customer Service

Admirals is a high leverage broker offering up to 1:500, depending on the product in question. This provider has been in the market for over 20 years and has an impressive Trustpilot profile and an excellent standard of customer service that caters to over 20 different languages. 

Admirals operates in many jurisdictions and has six subsidiaries for the jurisdictions in which it operates. These are Admiral Markets UK Ltd, Admiral Markets Cyprus Ltd, Admirals AU Pty Ltd, Admiral Markets AS Jordan Ltd, Admirals SA (Pty) Ltd, and Admirals KE Ltd. 

The broker offers stocks, ETFs, bonds, FX, commodities, and indices, mainly available through CFDs. The exact leverage you will get depends on the product type (including subcategories) as well as the total amount being traded. 

For instance, leverage of 1:500 is offered for FX major pairs in a USD account, up to $7.5 million. This leverage reduces to 1:10 for amounts over $12.5 million. For exotic FX pairs, leverage of 1:25 is offered in USD accounts up to $1.5 million. 

For ASX200, DAX40, DJI30, FTSE100, NQ100, SP500 and respective future CFDs, leverage of 1:500 is offered up to $500,000, reduced to 1:10 above $4.7 million. Leverage for most commodities is 1:50 below $500,000 and 1:10 above $500,000. 

Aside from the leverage offered by Admirals, the company has a solid reputation, excellent customer service, and seamless MT4/MT5 integration that excels in FX trading. It also offers Islamic trading accounts, bonds, and fractional shares, catering to a wide variety of customers. 

Admirals has recently rebranded, extended its features, and expanded into other markets, such as South Africa. It’s a high leverage provider that is very reliable with a huge suite of offerings, and great technical features – a well-rounded platform with benefits for FX traders and regular investors.

Spreads with Admirals are also very competitive, though it again depends on what you are trading and the overall volume. 

Number of FX Pairs 82
Max Leverage Up to 1:500
Other Assets Stocks, ETFs, Commodities, Indices, Bonds, FX
Pricing Low fixed-cost spreads; No hidden fees
Spread for EUR/USD Tight fixed-cost spreads
Platforms MT4, MT5, MetaTrader WebTrader
Accepts US Clients? No
Broker Type Spread Betting, CFD

What we like about Admirals

  • Transparency: Fees are easy to understand and well laid out.
  • Reputation: This provider has a great reputation among clients and places emphasis on high levels of customer care.
  • Variety: Over 8,000 instruments with bonds, Islamic accounts, fractional shares, premium analytics, etc.
  • Low Spreads: Spreads as low as 0.8 pips for major currency pairs and as low as 1.0 points for the DAX40 CFD.
  • Experience and Growth: 20 years in the industry, recently expanded into the South African market.

74% of retail investor accounts lose money when trading CFDs with this provider.

Best High Leverage Forex Brokers Compared

Below is a summarized overview of some of the best high-leverage brokers:

Broker Number of FX Pairs Max Leverage Other Assets Pricing EUR/USD Spread Platforms US Clients? Broker Type
XTB 48 1:500 Stocks, ETFs, commodities, indices, cryptocurrencies 0% commission for all supported markets 0.8 pips Proprietary web trading platform, desktop software, and mobile app No Market maker
Vantage 49 1:1000 Stocks, ETFs, commodities, indices Depends on the account type. Commission-free and zero-spread accounts are available From 0.0 pips, depending on the account MT4 and MT5 No ECN, STP, and market maker
Pepperstone 60 1:30 Stocks, ETFs, commodities, indices Depends on the account type. Commission-free and zero-spread accounts are available From 0.0 pips, depending on the account MT4, MT5, cTrader, and TradingView No ECN and market maker
AvaTrade 40 1:400 Stocks, ETFs, commodities, indices, cryptocurrencies, bonds, options 0% commission on all supported markets 0.9 pips Proprietary web trading platform and mobile app. Separate platform for options trading. Also supports MT4 and MT5. No Market maker
Skilling 73 1:30 Stocks, commodities, indices, cryptocurrencies 0% commission for all supported markets 0.7 pips Proprietary web trading platform and mobile app. Also supports MT4 and cTrader. No Market maker
Forex.com 82 1:50 Stocks, commodities, indices, futures, options, cryptocurrencies Depends on the account type. Standard accounts offer commission-free trading. From 0.0 pips, depending on the account Proprietary web trading platform and mobile app. Also supports MT4, MT5 and TradingView Yes ECN and market maker
Interactive Brokers 100+ 1:50 Stocks, commodities, indices, futures, options, cryptocurrencies, bonds, mutual funds Depends on the account type, country of residence, asset, and market. From 1/10 of a pip Proprietary web, desktop, and mobile platforms across IBKR GlobalTrader and Trader Workstation Yes ECN
FBS 36 1:3000 Stocks, commodities, cryptocurrencies, indices Depends on the account type. Standard accounts offer commission-free trading. From 0.0 pips, depending on the account Proprietary mobile app. Desktop and web trading across MT4 and MT5 No ECN, STP, and Non-Dealing Desk (NDD)
HFM 53 1:2000 Stocks, commodities, cryptocurrencies, indices, ETFs, bonds Depends on the account type. Standard accounts offer commission-free trading. From 0.0 pips, depending on the account Proprietary web trading platform mobile app. Also supports MT4 and MT5 No ECN and STP
Admirals 82 1:500 Stocks, ETFs, commodities, indices, bonds, Depends on the account type. Generally $0.02 for stocks/ ETFs. From 0.6 pips, depending on the account MT4 and MT5, MetaTrader Web Trader, Mobile App No ECN, STP, and market maker

What is Leverage in Trading?

Put simply, leverage enables investors to trade with more than they have in their brokerage accounts. Otherwise referred to as margin trading, leverage amplifies the trader’s stake by a certain multiple.

  • For example, clients on specific platforms can trade with leverage of up to 1:30.
  • This means that a $100 stake can be amplified by 30x
  • As such, a $100 stake is boosted to $3,000

Now let’s consider the outcome of the above example:

  • The trader secures gains of 5% on their leveraged position
  •  On the original $100 stake, that’s gains of just $5
  • But with leverage of 1:30, this amplifies the $5 gains to $150

Although leverage increases the risk of loss, it can be a useful way to trade the markets with a small account balance. Moreover, leverage is also popular with day traders, considering the small profit margins that are targeted.

Note: Margin refers to the amount of money or collateral that a trader or investor needs to deposit in their trading account to trade with leverage

How Does Leverage Work in Trading

Leverage allows traders to open larger positions with a small amount of capital. When you use leverage, a broker lends you the funds to trade with. For example, if you have 10x leverage and you have an initial investment of $100, the broker will lend you funds so you can trade with $1,000.

To access leverage, you usually need to maintain a certain level of funds in your trading account. If your levels of funds drop, your position will be liquidated.

With leverage, your potential gains or losses will be much greater. Using the example above, say the asset you invested in goes up 10%. If you had just invested $100, your profit would have been $10. With leverage, your profit is now $100, and you will have doubled your initial investment. However, if your asset drops in price by 10%, you will have lost your entire investment. Without leverage, you would have only lost $10.

High Leverage Definition

The term ‘high leverage’ is subjective, as limits will vary greatly depending on the asset, market, and location of the trader.

For example, retail customers in the UK, Europe, and Australia can legally only trade with leverage of up to 30:1 on major forex pairs. The same nationalities can access leverage of 1:20 on minors and gold, 1:10 on indices and other commodities, and 1:5 on stocks. That means you won’t find brokers with unlimited leverage in these jurisdictions.

Those in the US can trade forex with leverage of up to 1:50. Although minors and exotics are capped at 1:20. The best forex brokers with high leverage for US clients are Forex.com and Interactive Brokers.

That said, traders in the vast majority of countries have no leverage restrictions. As such, the amount of leverage available is determined by the broker. For example, some of the best offshore ECN brokers with high leverage include FBS and HFM. These platforms offer leverage of up to 1:3000 and 1:2000, respectively.

Different Types of Leverage Explained

Some brokers will let you set your own leverage, while others will have a few options available. Here are some of the most common levels of leverage available:

  • 1:5 – This means you can open positions that are 5 times larger than your margin or account. So, with an account of $10, you can trade with $50.
  • 1:30 – The legal forex limit for retail customers in the UK, Europe, and Australia. This means that you can open a position 30 times larger than your account.
  • 1:100 – This means you can open positions that are 100 times larger than your margin or account. So, for a margin of $10, you can trade with $1,000.
  • 1:500A leverage ratio of 1:500 enables traders to control positions that are 500 times larger than their account balance.
  • 1:200 – A leverage ratio of 1:2000 is considered extremely high and allows traders to control positions that are 2000 times larger than their account balance. With an initial investment of $10, you can make trades with $20,000 in borrowed funds.

Note: Leverage carries inherent risk, and the higher your leverage, the higher your risk. Any potential losses will be amplified by your leverage amount.

example of different leverage

What Trades Can You Make With High Leverage

High leverage can be used in various trades across different markets. However, different trades may have restrictions on the amount of leverage depending on your country of residence. Here are some examples of trades commonly made with high leverage:

  • Stocks
  • Forex (Foreign Exchange)
  • Cryptocurrency
  • Commodities
  • Indices
  • Futures
  • Options

What to Look for in a High Leverage Broker

When choosing a high-leverage broker, there are some important factors to consider.

Regulation and Security

High leverage brokers should have a license from a reputable financial authority. You should also look at the regulations for your country of residence. Brokers should comply with relevant regulations and have a high level of security to protect your funds.

Leverage Options

As we’ve covered above, different brokers will have different levels of leverage. For retail clients, there will be lower limits than for professional accounts. You should research to find brokers with the best leverage options that match your risk tolerance and trading strategy.

Markets and Assets

Another important consideration is the markets and tradeable assets. Some brokers may specialize in forex, while others will have a range of assets, including currencies, commodities, cryptocurrencies, and stocks.

Customer Support

Good customer support is essential. Look at reviews to see if they have a reputation for assisting customers. As high leverage trading has a high level of risk, this can be vital if anything goes wrong.

Trading Tools and Features

Evaluate the platform’s features, trading tools, analytics, and order execution capabilities. This will help you trade efficiently.

Account Types and Minimum Deposit

Some brokers will have a high minimum deposit. You should also look at the different account types offered to choose a broker that suits your trading needs and financial capabilities.

Fees

Review the broker’s fee structure, including spreads, commissions, overnight financing charges, and withdrawal fees. High leverage brokers may compensate for lower margin requirements with higher spreads, so consider the overall cost of trading.

While fees are important, you should consider all the other factors and not just look for the cheapest broker.

Reputation and Reviews

read through customer reviews and feedback to learn about others’ experiences. Good signs are positive experiences, reliable executions, transparency, positive interaction with customer support, and prompt replies from the broker.

How We Choose The Best High Leverage Brokers

At Techopedia, we strive to provide the best quality advice and choose the best high leverage brokers by conducting comprehensive research and considering various factors. Our selection process involves a meticulous evaluation of several criteria.

We looked at the reputation and credibility of each broker, considering elements such as user reviews., industry reputation and track record. We also analyzed the platform’s features, functionalities, and ease of use to find platforms that would suit the needs of different types of traders. Additionally, we examined factors like security, customer support, fee structures, supported assets, and leverage options.

Benefits of Trading with High Leverage

The overriding benefit of trading with leverage is that it amplifies successful positions. This will appeal to those on a budget, as well as day traders targeting small profit margins.

Now let’s explore some of the key benefits of trading with leverage and who it might appeal to:

Low Amount of Trading Capital

Many traders are unable to enter the market because of a lack of trading capital. For example, those with an account balance of $100 are unlikely to make suitable gains to make the process worthwhile.

That said, trading with a high leverage broker enables traders to access a much larger amount of capital. XTB, offers leverage of up to 1:500. This amplifies a $100 balance to $50,000.

Small Day Trading Margins

Leverage is also beneficial to day traders. This is because day traders target very small profit margins. After all, positions often remain in place for just a few hours or minutes.

  • For example, consider a day trader that makes 0.5% on a EUR/USD position
  • Let’s say the trader risked $1,000 on the trade – meaning they make just $5
  • However, with leverage of 1:100, this amplifies the gains to $500

Just like day trading, leverage is also popular with scalpers. This is an even shorter-term strategy that targets micro-percentage gains. If you’re interested, we have a detailed guide on the best day trading platforms for those looking to engage in short-term trading.

Confident Positions 

There will often be times when traders are extremely confident in their market speculation. In this instance, traders might want to amplify the amount they invest. Once again, this is where leverage can assist.

For example, when oil hit lows of under $19 per barrel in 2020, many traders entered long-leveraged positions. This is because many traders were confident that oil prices would eventually recover once COVID-related travel restrictions were lifted.

Risks of High Leverage Trading

When trading with leverage, the position can be liquidated if it declines by a certain amount. This means the trader will lose their entire stake.

Traders should also consider the risks when trading with high levels of leverage:

Liquidation

The main risk when trading with leverage is that the position is liquidated by the broker. This will happen if the trade value declines by a certain amount.

  • For example, let’s suppose a trader enters a $500 position with leverage of 1:20.
  • This means the $500 position is amplified to $10,000.
  • In turn, the trader is only putting up 5% of the total position value
  • If the trade declines by 5%, it will be liquidated by the broker
  • This means the trader will lose their entire $500 stake

Now consider the risks of liquidation when trading with leverage of 1:2000. This means the position only needs to decline by 0.03% for the trade to be liquidated.

And hence, the higher the leverage multiple – the higher the risk.

Negative Balance

Depending on the broker and account type, traders should also consider the risks of their balance going into negative territory.

This can happen if the trade witnesses rapid volatility and the broker does not liquidate the position. In turn, a negative balance will mean the trader owes the brokerage money.

This can be disastrous for those unable to pay the debt. Fortunately, many of the best high leverage brokers discussed today offer ‘negative balance protection’.

As the name suggests, this ensures the account balance never falls below $0.

Things to Bear in Mind Before Trading with Leverage

In addition to the risks discussed above, there are other considerations to make before trading with leverage.

First, it is important to remember that leverage limits are determined by various factors, including:

  • The asset being traded
  • The trader’s country of residence
  • Whether the trader is a retail or professional client
  • The chosen broker

For example, we mentioned earlier that retail clients in the UK, Europe, and Australia are capped at the leverage of 1:30. But this limit is only available when trading major forex pairs. Other assets come with lower limits. For instance, stocks can be traded at 1:5.

However, most nationalities are not bound by the same restrictions. This means that brokers that offer high leverage, like XTB and Vantage, offer leverage of up to 1:500 and 1:1000, respectively.

Another consideration to make when trading with leverage is the additional fees. This is because leverage is essentially a loan from the broker. As such, interest on the loan must be paid.

This is known as ‘overnight financing’, also referred to as ‘swap fees’. Put simply, leverage fees will need to be paid for each day that the position remains open. This is usually implemented at a certain timeframe.

That said, day traders will not need to worry about overnight financing fees. This is because day traders exit all open positions before the markets close.

Conclusion

In summary, leverage is a risky tool that enables traders to amplify the value of their positions. Limits will vary depending on the trader’s location and the asset being traded.

Overall, we found that XTB is the best high leverage broker for beginners. It offers leverage of up to 1:500 on certain commodities.

Investors can also apply high leverage on forex trading pairs.

77% of retail investor accounts lose money when trading CFDs with this provider.

References

FAQs

What broker gives the most leverage?

Should you trade with leverage as a beginner?

Which brokers offer unlimited leverage?

What is a good leverage to trade at?

Kane Pepi
Editor
Kane Pepi
Editor

Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…