| Updated: December 18, 2024- Jump to:
- Main features of the best 1:1,000 Leverage Forex brokers
- Forex Brokers Offering 1:1,000 Leverage
- Forex Brokers Compared by Spread
- What Is Financial Leverage?
- How Does Leverage Work in Forex?
- Is 1:1,000 Leverage Suitable for You?
- Pros and Cons
Leverage in forex trading is an essential feature, empowering traders to gain larger exposure to the market with a smaller account balance. This is possible thanks to the opportunity to borrow funds from brokers to open larger positions. Many experienced traders refer to leverage as a “double-edged sword,” as it can amplify not only one’s potential profits but also losses. Therefore, leverage ranks as one of the most tempting yet riskiest features of forex trading.
The most commonly encountered leverage ratios vary across online brokers, depending on the regulations within the region they operate in, the leveraged trading instrument, and traders’ status as retail or professional customers. With 1:1,000 Leverage Forex Brokers, traders get $1,000 for every $1 in their account balance.
If you are willing to explore what 1:1,000 forex brokers have in store, dive into our top list of the best brands that allow higher leverage ratios.
easyMarkets71% of retail investor accounts lose money- FBS72.12% of retail investor accounts lose money
- FxPro74% of retail investor accounts lose money
- Admirals73% of retail investor accounts lose money
- InstaForex
- XM Group72.82% of retail investor accounts lose money
In this publication, we will also present a comparison table of forex brokers offering 1:1,000 leverage. Our ranking system is based on several aspects including regulation, trading costs, Trustpilot rating, supported tradable instruments, trading platforms, and deposit and withdrawal methods.
Main features of the best 1:1,000 Leverage Forex brokers
- Min Deposit$5Trading InstrumentsForex, Stocks, Indices, Commodities, Thematic IndicesRegulators(ASIC) (ref. No. 443670), FSC (license no. 000261/397), DFSA (ref. no. F003484), CySEC (license no. 120/10), CFTC; Registrations for EU passporting: - BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA (Finland), KNF, AFM, FSA (Sweden)Trading PlatformsMetaTrader 4 and 5, MetaTrader 4 and 5 on mobile, MT4 WebTrader, MT5 WebTrader, MT4 MultiterminalSpreadFrom 0.0 pips (Zero Account), 0.6 pips (Standard and Micro Accounts)Leverage1:30Deposit MethodsVisa, Mastercard. Skrill, Bank Transfer, Neteller, Apple Pay, Google Pay, UnionPay, MaestroWithdrawal MethodsVisa, Mastercard, China Union Pay, Skrill, Neteller, Bank Transfer72.82% of retail investor accounts lose money
At XM, professional traders can adjust their leverage ratio on various tradable instruments between 1:1 and 1:1,000. However, the higher leverage ratios will not be available to retail traders as they can access only leverage of up to 1:30 on certain instruments.
- Min Deposit$200Trading InstrumentsCFDs on Forex, Commodities, Index, Bond, Cryptocurrencies, Stock, FuturesRegulatorsFSA (Seychelles), CySEC, ASICTrading PlatformsMetaTrader4, MetaTrader5, cTrader, ZuluTradeSpread0.8 pips Standard, 0.0 pips Raw AccountsLeverage1:30Deposit MethodsBank transfer, Visa, Mastercard, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna, NuveiWithdrawal MethodsBank transfer, Visa, Mastercard, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, FasaPay, Poli, RapidPay, Klarna70.64% of retail investor accounts lose money
The availability of leverage of up to 1:1,000 depends on your status as an IC Markets trader. Professional traders can unlock higher leverage ratios, while retail ASIC and CySEC traders can access maximum leverage of only 1:30 (available only on major pairs).
- Min Deposit$100 ($1 for Invest MT5 Account)Trading InstrumentsCFDs on Forex, Indices, Stocks, Commodities, Bonds, ETFs, CryptocurrenciesRegulatorsCySEC (No. 201/13), ASIC (No. 410681), FCA (No. 595450), JSC (No. 57026), FSCA (No. FSP51311), EFSA (No. 4.1-1/46), CMA (No. 178), CIRO, FSA (No.SD073)Trading PlatformsMT4, MT5, WebTrader, MT Supreme Edition, StereoTraderSpreadFrom 0.0 pips (Invest and Zero Accounts), 0.5 pips (Trade Accounts)Leverage1:30Deposit MethodsVisa, Mastercard, Skrill, Klarna, Bank Transfer, PayPal, Neteller, iDeal, POLi, Perfect Money, CryptocurrenciesWithdrawal MethodsBank transfer, Visa, Mastercard, PayPal, Neteller, Skrill, Perfect Money73% of retail investor accounts lose money
While retail traders will be limited to forex leverage of 1:30 (major pairs) or 1:20 (minor pairs), those who open a professional account, or access the FSCA or FSA entities of the broker, can unlock a leverage of 1:1,000 on various currency pairs and other CFD products.
- Min Deposit$200Trading InstrumentsForex, Commodities CFD's, Stock CFD's,RegulatorsCySEC CMA FCA FSCTrading PlatformsMT4 MT5SpreadLeverage1:2000Deposit MethodsVisa, MasterCard, Google Pay, Bank Wire, Neteller, Skrill, GlobePay, PerfectMoney, PayRedeemWithdrawal MethodsVisa, Bank Wire, Neteller, Skrill
If you are accessing the CMA entity of FXTM, you may be able to use leverage of up to 1:1,000 or higher on forex pairs and other tradable instruments. Advantage and Advantage Plus Account holders may even be able to use leverage of up to 1:3,000.
- Min Deposit$100Trading InstrumentsForex, Shares, Energy, Indices, Futures, MetalsRegulatorsFCA (No. 45052), CySEC (No. 078/07), SCB (No. SIA-F184), FSCA (No.45052)Trading PlatformsMT4, MT5, cTrader, FxPro Edge (proprietary)Spread0.0 pips (Raw, Elite), 1.2 pips (Standard)Leverage1:30Deposit MethodsVisa, Mastercard, Maestro, Bank Transfer, Neteller, PayPal, Skrill, Union PayWithdrawal MethodsBank Transfer, Mastercard, Visa, Union Pay, Maestro, PayPal, Skrill, Neteller74% of retail investor accounts lose money
While FxPro is following strict regulations and has limited the leverage available to retail clients (up to 1:30 on FX), those who open Pro Accounts with the broker will be able to trade forex and gold CFDs with leverage of up to 1:1,000.
- Min Deposit$100Trading InstrumentsForex, CFD's on Stock, CFD's on IndicesRegulatorsCySEC (No. 278/15), FCA (733772), CONSOB (No.4310), BaFin (No.146511), ACPR (No.75473), CNVM (No.4082), FSA Seychelles (SD 008), FSCA (FSP 49464), DFSA (F007663)Trading PlatformsMT4, MT5, WebTrader, ZuluTradeSpreadFrom 0.0 pips (Raw Account), 1.6 pips (Classic Account)Leverage1:30Deposit MethodsBank Transfer, Skrill, Mastercard, Visa, PayPal, Przelewy24, Neteller, TrustlyWithdrawal MethodsMastercard, Visa, Skrill, Neteller, Przelewy24, PayPal, Bank Transfer70% of retail investor accounts lose money
While the European and UK entities of Tickmill have reduced the maximum allowed leverage to retail traders, the broker’s entities operating under the FSA (Seychelles) and FSCA will be able to trade forex pairs with leverage up to 1:1,000.
- Min DepositVaries based on methodTrading InstrumentsForex, CFD's on Stock, CFD's on IndicesRegulatorsCySEC, FCA, FSC (Mauritius), FSA (Seychelles), CBCS (Curacao), FSC (BVI)Trading PlatformsMT4, MT5, Exness Terminal (Proprietary)SpreadFrom 0.2 pips (Standard), 0.0 pips (Zero, Raw)Leverage1:2000Deposit MethodsBank Wire, Visa, MasterCardWithdrawal MethodsBank Wire, Visa, MasterCard
Clients registered with Exness (KE) Limited (Kenyan entity), the maximum available leverage is 1:400. For traders with higher trading account’s equity, the broker offers unlimited leverage ratio, including 1:1,000.
- Min Deposit$1Trading InstrumentsForex, CFD's on Stock, CFD's on IndicesRegulatorsCySEC, FSC (St. Vincent and the Grenadines), FSC (British Virgin Islands)Trading PlatformsMT4, MT5, WebTrader, IFXWebSpreadLeverageDeposit MethodsBank Wire, Visa, MasterCard, Bitcoin, Ethereum, Crypto, Neteller, SkrillWithdrawal MethodsBank Wire, Visa, Bitcoin, Ethereum, Crypto, Neteller, Skrill
While retail and professional EU traders will be able to set their leverage up to a maximum of 1:30 and 1:500, respectively, those accessing the broker outside the EU (BVI FSC entity) can set up the maximum leverage on forex and other CFD instruments up to 1:1,000.
Forex Brokers Offering 1:1,000 Leverage Compared by Stop Out Level and Trading Platforms
| Broker | Leverage | Negative Balance Protection | Stop-Out Level | Trading Platforms | Trustpilot Rating |
|---|---|---|---|---|---|
| 1. easyMarkets | 1:1,000 | Yes, for MT5 accounts | 50% | easyMarkets, MetaTrader 4, MetaTrader 5, TradingView | 4.5 |
| 2. FBS | 1:1,000 | Yes | 20% | MT5 Desktop, MT5 WebTrader, MT4 | 4.3 |
| 3. FxPro | 1:1,000 | Yes | 50% | MT4, MT5, cTrader, FxPro Edge (proprietary) | 4.0 |
| 4. Admirals | 1:1,000 | Yes (Trade and Zero MT5 /MT4 Accounts) | 50% | MT4, MT5, WebTrader, MT Supreme Edition, StereoTrader | 3.9 |
| 5. InstaForex | 1:1,000 | Yes | 10% | MT4, MT5, WebTrader, IFXWeb | 3.2 |
| 6. XM Group | 1:1,000 | Yes, for retail clients | 50% | MetaTrader 4 and 5, MetaTrader 4 and 5 on mobile, MT4 WebTrader, MT5 WebTrader, MT4 Multiterminal | 2.9 |
Forex Brokers Compared by Spread
| Broker | EUR/USD | USD/JPY | GBP/USD | USD/CHF | AUD/USD | EUR/GBP | USD/CAD |
|---|---|---|---|---|---|---|---|
| 1. Admirals | 0.1 | 10 | 1.00 | 1.2 | 0.4 | 0.00003 | 1.1 |
| 2. FxPro | 0.25 | 0.38 | 0.37 | 0.4 | 0.4 |
| 0.86 |
| 3. FBS | 0.7 | 1.3 | 1.2 | 1.375 | 1.5 | 2.7 | 1.5 |
| 4. easyMarkets | 0.7 | 1.0 | 0.9 | 1.5 | 1.2 | 1.0 | 2.3 |
| 5. XM Group | 0.8 | 0.9 | 0.9 | 2.1 | 0.75 | 1.5 | 2.4 |
| 6. InstaForex | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
The foreign exchange market is the world’s largest financial marketplace, with a daily trading volume reaching $7.5 trillion, according to the BIS Triennial Central Bank Survey of 2022. Once available only to banks and financial entities, trading has become easily accessible to individual traders thanks to online brokers.
With forex trading, traders buy one currency while selling another in the expectation of profiting from their price fluctuations. Leverage can amplify the chances of capitalizing on these value shifts, with forex brokers offering ratios as high as 1:1,000.
When trading with leverage of 1:1,000 you have to always be careful because it involves high risk. Although there is a chance to earn solid profits, this kind of leverage can also work against you. If the market moves against your positions, using high leverage of this kind will be crucial to your money balance because it will amplify losses. Sometimes, a small price movement against a trader’s position can wipe out their entire investment.
What Is Financial Leverage?
Leverage allows traders to trade with borrowed funds to increase their buying power and potential returns. It enables them to trade with more money than they have in their accounts, amplifying the potential for both gains and losses. For example, with 1:1,000 leverage, a trader with $1,000 in their account can trade up to $1,000,000 worth of a given financial instrument.
When using high leverage, it is essential to implement proper risk management techniques, such as stop-loss orders and position sizing, to minimize potential losses and protect capital. A stop-loss order automatically closes a trade at a specified price, while position sizing involves determining the appropriate amount of money to trade based on the trader’s account size and risk tolerance.
It is also important to understand that leverage can lead to overtrading, as traders may be tempted to make more and bigger trades than they would otherwise be able to. This can increase the risk of losses, as it increases the chances of making incorrect predictions about the movement of currency values. Margin calls can also occur when a broker requires a trader to deposit additional funds into their account because the value of their open trades has fallen below a certain level.
How Does Leverage Work in Forex?
In the context of trading forex pairs, leverage works in the same way. As explained above, the function of leverage is to enhance traders’ buying powers and widen their exposure to the market. Forex brokers offer their customers the opportunity to attain higher returns with a smaller amount of own capital.
Leverage is expressed as a ratio of the trader’s account balance to the funds borrowed from the broker. With 1:1,000 Forex Brokers, for example, leverage represents 1,000 times the trader’s own funds, i.e. opening a position that is 1,000 times the trader’s capital becomes possible under certain conditions. In other words, a trader who has deposited $1,000 to the account balance and applies a leverage of 1:1,000, will be able to trade a volume worth of $1,000,000.
As appealing as this may sound, traders must bear several important considerations in mind, with brokers’ margin requirements being at the forefront.
Let us now examine leverage and margin and the differences between these two concepts. As already noted, leverage enables traders to trade bigger-sized positions with a smaller amount of capital. Margin, on the other hand, represents the initial amount of money they are required to have in their balance to be able to open leveraged positions.
While leverage is usually expressed as a ratio of traders’ capital to the funds they can borrow from brokers, margin is typically represented as a percentage. For instance, in the case of 1:1,000 leverage (or 0.10% margin required), with $1 in the trading account, they can control a position worth $1,000.
If we look at a typical EUR/USD trade (Euro against US dollar), to make a $100,000 EUR/USD trade without leverage, traders would be required to deposit $100,000 to their accounts. Let us agree that not many traders have this amount of capital to set aside for trading. However, with a 1:1,000 leverage (or 0.10% margin required), only $100 would be needed to open a leveraged EUR/USD position. In other words, 1:1,000 Leverage brokers enable traders to cover 1/1,000 of their position size, which corresponds to a margin requirement of 0.10%.
Traders can easily calculate the minimum margin requirements by dividing 100 by the leverage they intend to use. In the case of 1:1,000 leverage, the minimum margin percentage would be 0.10% (100/1,000). Alternatively, forex brokers typically offer margin calculators, so traders can easily figure out the deposit amount needed to open a trade.
Let us assume that a trader wants to purchase one lot of EUR/USD at 1.04902 with 1:1,000 leverage and 0.1% margin. Тhey would need a minimum of $104.90 in their balance to open this position.
Beginner traders should not underrate the risks associated with using high leverage, as it can lead to accumulating substantial losses. When using high leverage, even minor market fluctuations can wipe out their entire balance, or even worse, losses can exceed their initial capital. Due to these risks, financial regulators such as the FCA, ASIC, and CFTC have imposed maximum limits on the allowable leverage retail traders have access to for forex pairs and other financial instruments.
To prevent such an adverse course of events, traders are advised to open accounts with brokers that provide negative balance protection, effectively preventing them from losing more money than their initial account balance. In addition to this customer protection mechanism, many brokers implement margin closeouts to protect traders from incurring further losses whenever their balance falls below the required minimum.
Other options include stop-loss orders, used to close positions when a predetermined amount of loss is incurred. Last but not least, portfolio diversification is a smart trading decision too, as it enables traders to spread the risk across different financial instruments and not rely on a single trade.
Is 1:1,000 Leverage Suitable for You?
Traders should consider several important aspects when deciding if 1:1,000 leverage corresponds to their trading style and needs.
First of all, they should note that this leverage ratio is exceptionally high and its accessibility would depend on several factors. Many jurisdictions have imposed limits on the maximum allowable leverage for major, minor, and exotic currency pairs, as well as other financial instruments. Major markets such as the European Union and Australia cap leverage at 1:30 for major currency pairs and 1:20 for minor currency pairs. These limits, however, are in force for retail traders. Customers who comply with brokers’ requirements for obtaining a professional trading status can make use of higher leverage ratios.
Below, we have listed some of the valid reasons to register a trading account with a 1:1,000 broker.
High leverage allows traders to open significant positions with minimal capital, which is particularly useful for traders with limited account balances.
High leverage enables traders to open multiple trades simultaneously, which can be beneficial for those who use strategies involving multiple positions or scalping techniques.
Traders who use tight stop-losses and have a high risk tolerance can benefit from high leverage, as it allows them to open larger positions without exceeding the margin requirement.
Traders who copy trades or follow signals from a strategy that requires high leverage can benefit from brokers that offer high leverage ratios.
Pros and Cons of 1:1,000 Leverage Forex Trading
Let us now explore what are the benefits and setbacks of using a 1:1,000 forex broker. By evaluating the potential advantages and disadvantages of using 1:1,000 leverage in the forex market, traders can make informed decisions.
Pros of 1:1,000 Leverage Forex Trading
- Potential for accumulating greater profits
Without a doubt, the main benefit of trading with a 1:1,000 leverage is the enhanced potential for greater profits. Even nominal price movements in currency airs can lead to notable profits. The risk of magnified losses, however, is also increased. Therefore, traders are advised to apply proper risk management strategies.
- Access to bigger-sized positions
With a high leverage ratio such as 1:1,000, traders have access to larger positions that would not otherwise be accessible to them due to their limited trading budget.
- Lower initial capital requirements
As traders may have probably guessed, the higher the leverage, the lower initial capital requirements are in place. Compared to brokers allowing lower leverage, 1:1,000 brokers enable their customers to enter the market with a significantly lower amount of capital. That said, traders must apply proper risk management tools and strategies to their trades to prevent losing their balance or accumulating losses greater than their initial investment.
- Trading portfolio diversification
High-leveraged trades, requiring a lower amount of capital enable traders to diversify their portfolios and spread risk across different currency pairs or explore other financial instruments. Portfolio diversification can be instrumental in lessening the impact of unfavorable market movements.
Cons of 1:1,000 Leverage Forex Trading
- Magnified risk of losses
When trading with a 1:1,000 Leverage broker, traders should not forget that in parallel with the potential for great profits, the risk of suffering substantial losses is also magnified. With such a high leverage ratio, even a small market move of 0.1% against a position could result in a complete wipe-out of the initial investment.
- Margin calls and stop-outs
If a trader’s balance falls below the required minimum, this can lead to a margin call, requiring more funds to cover losses or maintain the position open. If traders do not do this, the broker may liquidate their positions, resulting in more substantial losses.