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- Exness provides access to over 100 of the most popular major, minor and exotic currency pairs in the forex market, enabling a wide range of trading possibilities.
- Low and consistent spreads benefit traders and enable cheap trading in FX markets around the world.
- Traders can amplify their trades thanks to the platform’s extensive leverage settings, which allow up to 1:unlimited leverage on key currency pairs.
- Exness offers traders a variety of solutions to suit their trading needs through modern platforms including MT4, MT5, Exness Web Terminal and Exness Trade App.
- The broker is popular with both beginners and experienced traders due to its competitive spreads, fast execution, and sophisticated trading platform.
- For Forex trading accounts, Avatrade offers high leverage of up to 1:400, allowing traders to manage their position sizes at low cost, magnifying both profits and losses.
- CFD trading provides access to over 50 minor, central and exotic currency pairs for Forex trading and stocks, indices, bonds, ETFs and cryptocurrencies. It offers a variety of financial products across multiple asset classes.
- Because AvaTrade has access to the best liquidity, it offers very low spreads starting from 0.9 pips for major forex pairs and approximately 2 pips for minor pairs and instruments.
- Avatrade emphasizes the importance of risk management when utilizing leverage and provides traders with resources to assist with this, including a commission-based insurance policy called AvaProtect.
- AvaSocial provides access to automated trading so traders can trade on the go.
3. FXTM
- Cyprus-based broker FXTM is licensed globally and offers professional services for beginners and seasoned traders. It offers high leverage up to 1:1000 with tight spreads.
- We provide a variety of services including cryptocurrency CFDs, stock trading, and index CFDs.
- Use FXTM’s helpful calculators to manage your risk tolerance, understand your possible profits and losses, and even calculate exchange rates. Best of all, it’s free of cost.
- Follow our Strategy Manager to access more trading possibilities without having to trade directly. Now you can start copy trading with as little as $100.
- You can also get daily updates on key trading insights with our daily market analysis.
- There are also educational resources you can utilize to better understand the market.
4. XM
- XM can help you expand and diversify your portfolio, such as CFDs and Forex pairs based on stocks, commodities, stock indices, precious metals and/or energies.
- XM provides access to an all-in-one platform with over 1000 trading instruments (MT4 and MT5 compatible) and offers leverage of up to 1000:1.
- It offers advanced charts, free daily technical analysis, and over 90 trading indicators.
- The account also provides you with a personal account manager to manage your account effectively and copy trades that deliver profits regardless of your experience.
- We offer a variety of educational resources to help you understand, including free access to daily Forex webinars, market research, and video tutorials.
5. OctaFX
- The high leverage of up to 1:500 offered by OctaFX allows traders to manage larger positions with relatively little cash, which can increase both profits and losses.
- In addition to over 50 currency pairs for forex trading, the broker provides access to a variety of financial instruments such as CFDs, metals, and energy products.
- When combined with significant leverage, OctaFX’s competitive spreads starting at 0 pip make it an attractive choice for traders looking for low-cost trading.
- OctaFX uses the MetaTrader 4 and 5 platforms, renowned for their sophisticated charting tools, intuitive user interface and algorithmic trading features.
- You can also create a demo account to get a better understanding of platform trading.
- You can also utilize copy trading, which allows you to become a copy trader or a master. This feature will save you time and effort in creating your trading strategy.
6. HotForex — HFM
- HFM offers over 3,500 markets including currencies, commodities, stocks, bonds and indices.
- HFM allows leverage of up to 1:10 when trading cryptocurrency. It consists of some of the best utility tokens such as BNB and Ethereum. Leverage for FX and gold trading can reach 1:2000.
- HFM offers four account types: With spreads starting from 1.2 pip, the Cent account offers trading with 0% commission.
- On the other hand, the Zero account allows zero spread trading with a commission of $3 per traded lot.
- There is no minimum deposit required for Premium, Cent or Zero accounts. However, the minimum cost for a pro account is $100.
- It offers tools like free VPS hosting, automatic chartist, advanced insights, copy trading, and more.
7. I.G.
- Another broker that allows you to speculate on currencies around the world is IG, which offers 30:1 leverage.
- IG not only provides the high leverage you need to grow your profits quickly, but it also makes investing easy and profitable.
- IG offers over 80 currency pairs for trading, including major markets, minor markets, exotic markets, and emerging markets.
- The platform offers very tight spreads starting from 0.6 pips for major currency pairs such as EUR/USD.
- Traders can take advantage of the platform’s high liquidity, making it easier to enter and exit positions.
- Trading costs with IG include a spread of 0.6 points on important FX pairs.
- You can leverage leverage options and the simplicity of the platform to diversify your investments without making a significant one-time investment.
8. RoboForex
- RoboForex is a simple platform that offers amazing benefits to its users. The platform has over 1 million users representing over 150 countries. You can trade Forex and CFDs using MT4 and MT5.
- RoboForex offers incredibly low spreads, fees and swaps, making it the perfect platform for algorithmic trading and long-term trading techniques such as day and position trading.
- RoboForex allows traders to utilize leverage ratios of up to 1:2000, allowing them to increase their profits from even small changes in market value.
- In addition to Forex, RoboForex offers a wide range of underlying assets such as stocks, indices, soft commodities, futures and ETFs, giving traders a variety of investment options.
- Advanced copy trading features are available with minimal investment and multi-functional control.
- You may also claim a rebate based on the volume of closed positions in your account, which are not bonus funds and can be used at your discretion without any additional conditions.
9. Black Bull
- BlackBull Markets allows traders to increase their position size in the markets with a maximum leverage of 1:500.
- A variety of trading platforms are available to clients, including MT4, MT5, WebTrader, TradingView and Black Bull’s in-house solutions.
- The site offers traders competitive pricing through a commission-free account with spreads starting from 0.8 pips or $8.00 per regular round lot.
- Over 26,000 financial products, including indices, stocks, soft commodities and over 60 currency pairs, are available to traders, providing a wide range of investment options.
- BlackBull Markets offers passive profit opportunities and does not place any restrictions on trading, allowing the use of professional advisory, hedging and scalping techniques.
10. IC Market
- IC Market provides optimal conditions for scalpers, hedgers, and algorithm traders with abundant liquidity and advanced bridge technology.
- Platform access to over 90 financial products, including cryptocurrencies, futures, indices, commodities, and forex, opens up a variety of investment opportunities.
- Traders can take advantage of low forex costs, spreads as low as 0.0 pips and no commissions. High volume traders can also take advantage of forex rebates.
- IC Markets’ advanced trading platforms include cTrader, MT4, MT5 and IC Markets WebTrader.
- The broker is famous for cTrader’s powerful and reliable charting package, which includes 270+ trading bots and 70+ built-in indicators.
- IC Markets provides traders with access to popular third-party copy trading tools such as ZuluTrade, Myfxbook and Signal Start, allowing them to track and replicate their trades.
conclusion
Even when trading with a lot of leverage, dedicated forex traders who want to trade forex for a living will still need to use a forex broker. This requires expertise, understanding and experience. Traders must understand the importance of risk management. Those who become skilled at this trading instrument can join the 70-85% of traders who lose money, and this has nothing to do with leveraged trading accounts.
1. What should I avoid when choosing a forex broker?
While choosing one, it is important to avoid unregulated or disreputable forex brokers. Also, avoid brokers with exorbitant fees, subpar customer service, or little deal potential. It is also important to avoid brokers that offer high leverage. This is because doing so increases the likelihood of margin calls and significant losses.
2. What are the risks of using high leverage?
High leverage trading carries higher risk as it can increase profits and losses. The possibility of a margin call, which occurs when your account balance falls below the required margin threshold, is one of the major risks associated with the use of excessive leverage. Moreover, if the market moves against the trader, using a lot of leverage can result in large losses. It is important to approach high leverage trading carefully and understand all the risks involved.
3. What risk management techniques are important for high leverage forex trading?
Strict stop-loss orders, well-defined trading strategy, reasonable profit targets, understanding of margin requirements, risk-to-reward ratio and emotional restraint.
