Best High Leverage Forex Brokers

Written by Miro Nikolov

Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: December 13, 2024

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• Top Forex Trading Brokers With High Leverage
• Forex Brokers Offering High Leverage
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Our team of expert traders tested dozens of regulated forex brokers to compile a toplist of the best sites for high-leverage trading. Some of the brokers recommended on this page offer leverage as high as 1:3000 to traders from select jurisdictions. Each recommended broker received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service quality and more.

1. 

   Fusion Markets

   Rating: 4.9

   74-89% of retail CFD accounts lose money

2. 

   Axi

   Rating: 4.8

   The vast majority of retail client accounts lose money

3. 

   FP Markets

   Rating: 4.7

   73.85% of retail investor accounts lose money

4. 

   Pepperstone

   Rating: 4.6

   75.5% of retail investor accounts lose money

5. 

   Global Prime

   Rating: 4.5

   74-89% of retail CFD accounts lose money

6. 

   XM Group

   Rating: 2.9

   72.82% of retail investor accounts lose money

Top Forex Trading Brokers With High Leverage

Choosing a reliable broker is perhaps one of the most important decisions a trader can make. The supported platforms and tools for market analysis, along with the available markets themselves and the maximum leverage you can use, will all significantly affect your overall experience and performance as a forex trader.

Sadly, it has become increasingly difficult for ambitious retail traders in certain locations to find brokers with high leverage limits. Nonetheless, there are options for retail traders out there, and professionals have even more brokers to choose from, as you shall see shortly. On this page, you will also find comparison tables for the best forex brokers offering high-leverage trading. We have ranked them based on several factors, including regulation, spreads and commissions, Trustpilot rating, trading instruments, software, deposit and withdrawal methods.

1. TRADE NOWREAD REVIEW
   1. Fusion Markets

   Min Deposit

   $0

   Fees

   • Deposits and withdrawals are free
   • There is no inactivity fee

   Commissions

   ZERO account:

   • USD: $4.50 round turn
   • EUR: €4.05 round turn

   Spread

   Classic:

   • The minimum spreads start at 0.9 pips

   Zero Average Spread:

   • EUR/USD: 0.02
   • USD/JPY: 0.03
   • USD/CAD: 0.22

   Leverage EU

   EU and Australia:

   • Majors: 1:30
   • Minors: 1:20

   Leverage non-EU

   1:500

   Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.

   The Melbourne-based Fusion Markets is a broker for novice investors and seasoned traders alike. The platforms one can make use of at Fusion Markets are MetaTrader 4, MetaTrader 5, cTrader, TradingView, and DupliTrade. Both platforms have software or apps that can be downloaded and installed on computers and smartphones. The MT4 WebTrader is also available for those who don’t feel like installing additional software.

   Forex traders who open Classic accounts will enjoy spreads from 0.9 pips. Clients with Zero accounts, however, will benefit from average spreads of 0.03 pips for EUR/USD and 0.17 pips for USD/JPY. Fusion Markets clients with Zero accounts, however, will also need to pay a $4.50 round-turn commission when they trade.

   As for the leverage, Europe-based traders have a maximum leverage of 1:30 for majors, and they can use leverage of up to 1:20 for minor pairs. The leverage limit under the Vanuatu and Seychelles entities is 1:500.

   If you lack experience with forex instruments and run into trouble while using Fusion Markets, you can always request help from the broker’s customer service staff. Live chat will be the fastest option if you need help immediately, and sending an email is also a way to get help. Finally, you can choose to call the provided support phone number (+61 3 8376 2706).

2. TRADE NOWREAD REVIEW
   2. AvaTrade

   Min Deposit

   Credit card and wire transfer: $100

   Fees

   • Inactivity fee: $50 after three months of inactivity
   • Additional $100 a year administration fee after one year of inactivity

   Commissions

   N/A

   Spread

   Standard:

   • EUR/USD: 0.9
   • GBP/USD: 1.3
   • EUR/JPY: 1.8

   Leverage EU

   • Retail: 1:30
   • Pro: 1:400

   Leverage non-EU

   1:400

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

   Traders who are about to take their first steps into the forex market typically need a lot of assistance, at least early on. There is a lot to learn, after all, and AvaTrade, a broker that has been in operation for nearly two decades, caters to popular demand with an educational section that contains crucial trading information presented in an easy-to-understand manner. The Trading for Beginners page is full of informative articles that cover the basics of foreign exchange trading. There is a lot of emphasis on risk management and how to trade responsibly on the Trading Rules page. Additional articles on economic indicators, technical analysis, and order types are also available.

   Once you create an account, you will not be charged for funding it, although you should keep in mind that the minimum amount of money one can deposit is $100. In addition, the methods you can pick from include credit cards, wire transfers, and digital wallets like Neteller, Skrill, and WebMoney.

   The leverage limit depends on the type of account a client has, with pro users having access to a ratio of 1:400, while retail clients in the EU and Australia can use leverage up to 1:30. As for the spread, it varies from instrument to instrument, with the EUR/USD pair having a 0.9-pip spread on average, while the GBP/USD’s spread is 1.3 pips.

3. TRADE NOWREAD REVIEW
   3. FP Markets

   Min Deposit

   $50 ($AU$100)

   Fees

   • No deposit or withdrawal fees
   • No inactivity fee

   Commissions

   Raw Accounts: $3 per side per standard lot

   Spread

   • Standard: from 1 pip
   • Raw: from 0 pips

   Leverage EU

   • Major: 1:30
   • Minor: 1:20

   Leverage non-EU

   1:500

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.34% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

   At FP Markets, traders have access to products such as metals, commodities, and over 70 forex pairs. The financial watchdogs that regulate FP Markets include the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the South Africa Financial Sector Conduct Authority (FSCA), among others. The broker is suitable not just for experienced traders but also for novices, offering abundant educational resources on its website. There is content for all types of learners, including video guides, articles, live webinars, video guides and even podcasts. They cover a broad range of topics, such as the forex market, the psychology of investors, and trading in general.

   FP Markets charges no fees for depositing money into your account, and you can pick from numerous banking solutions. Funding your account can be done via credit/debit cards and bank transfers. In addition, clients can also deposit with digital wallets like Neteller, Skrill, or Sticpay. Local options like Dragonpay are available to customers from specific countries.

   There are two account types at FP Markets, Standard and Raw, with minimum spreads being one of the key differences between the two. Those with Standard accounts can trade with minimum spreads from 1 pip, while Raw spreads start from 0 pips. As for leverage, traders outside Australia and the European Union can trade with leverage of up to 1:500. EU and Australian customers can use maximum leverage of 1:30 for major pairs and 1:20 for all other forex pairs.

4. TRADE NOWREAD REVIEW
   4. eToro

   Min Deposit

   $1 - $10,000

   Fees

   Overnight fees EUR/USD:

   • Sell (Short): $0.00000013
   • Buy (Long): $-0.00007987

   $10 a month inactivity fee after one year of inactivity.

   Commissions

   N/A

   Spread

   • EUR/USD: 1 pip
   • USD/JPY: 1 pip
   • NZD/USD: 2.5 pips

   Leverage EU

   Europe, UK and Australia:

   • Major: 1:30
   • Minor: 1:20

   Leverage non-EU

   • 1:400 for major pairs;
   • 1:50 for non-major pairs

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. eToro USA LLC does not offer CFDs, only real Crypto assets available.

   Established in 2007, eToro is an experienced online broker offering 55 currency pairs to forex traders from over 140 countries. Seasoned traders can diversify their portfolios with stocks, cryptocurrencies, commodities, indices, and ETFs.

   The broker is a pioneer in social and copy trading and as such, offers a proprietary CopyTrader platform. It enables customers to effortlessly replicate the trades of top-performing clients of eToro and become part of the community, learn from the strategies of others, and easily find information such as a trader’s performance and risk score.

   The leverage for major pairs is 1:30 and 1:20 for minor pairs in the ASIC, CySEC, and FCA-regulated jurisdictions. Customers who register through eToro’s Seychelles entity are eligible for considerably higher leverage of 1:400 for major and 1:50 for non-major pairs.

   If the concept of leverage and spreads is still new to you, you can familiarize yourself with it and the terminology that surrounds it by visiting eToro’s educational section. In addition, you can also gain some experience safely by opting for a demo account before you start trading with real money.

5. TRADE NOWREAD REVIEW
   5. Pepperstone

   Min Deposit

   $0 ($500 recommended minimum)

   Fees

   No deposit or withdrawal fee

   Commissions

   Razor Accounts:

   • $3 per side per standard lot ($7 round-turn)
   • €2.60 per side (€5.20 round-turn)

   Spread

   Standard Accounts Average:

   • EUR/USD: 1 pip
   • USD/JPY: 1.4 pips
   • AUD/USD: 1.2 pips

   Leverage EU

   • Pro: 1:500
   • Retail: 1:30

   Leverage non-EU

   • Pro: 1:500
   • Retail: 1:200

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

   Founded in 2010, Pepperstone is a Melbourne-based broker catering to clients from over 170 countries. It is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEc), and the UK Financial Conduct Authority (FCA), among other prominent watchdogs.

   Average spreads at Pepperstone are around 1 pip for commission-free Standard accounts. EUR/USD traders enjoy average spreads of 1 pip, while those who prefer to trade the USD/JPY have a 1.4-pip spread to work with. Professional traders from Europe and Australia can use leverage of up to 1:500, and the ratio for retail traders is 1:30.

   MT4, MT5, TradingView, and cTrader are Pepperstone’s third-party platforms of choice. Clients looking for greater flexibility can download the MetaTrader apps on their Android or iOS devices. In addition, the broker has partnered with Capitalise.ai to enable clients to engage in code-free automated trading. Pepperstone clients can also try cTrader Automate and have access to copy trading and tools like Autochartist.

   The website has a well-organized FAQ page, and if a client needs personal assistance, Pepperstone’s customer support team can be contacted via email (support@pepperstone.com) or phone (00357 25 030573).

6. TRADE NOWREAD REVIEW
   6. FBS

   Min Deposit

   Account dependant:

   • Cent: $1
   • Micro: $5
   • Standard: $100
   • Zero Spread: $500
   • ECN: $1000

   Fees

   • No deposit fees
   • No inactivity fee

   Commissions

   • Zero Account: from $20/lot
   • ECN: $6
   • No commissions for Standard and Cent accounts

   Spread

   Typical Spreads:

   • EUR/USD: 0.7 pips
   • GBP/USD: 1.2 pips
   • NZD/USD: 2.6 pips

   Leverage EU

   Retail:

   • Major: 1:30
   • Non-major: 1:20

   Leverage non-EU

   Up to 1:3000

   Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider. You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

   FBS was founded in 2009 and has registered offices in Belize and Cyprus. Apart from 28 currency pairs, this broker’s range of products includes indices, energies, stocks, and metals. As for the platforms, MetaTrader 4 and MetaTrader 5 are your main choices for both desktop and mobile trading, but clients can also go for FBS’ native smartphone application.

   FBS is regulated by top-tier authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). In addition, the broker uses advanced encryption and follows strict fund segregation policies to ensure customers and their balances are well-protected. Traders can further protect their accounts by enabling two-factor authentication.

   If you ever find yourself in need of assistance regarding an issue, or you cannot find a particular piece of information within the website’s FAQ, you can contact FBS’ customer support team. They are available 24/7 via live chat, telephone (+357 25313540, +501 611 0594), and email (info@fbs.eu).

   The leverage for retail clients ranges between 1:30 and 1:20, depending on whether they plan on trading major or minor currency pairs. These limits apply to customers residing in Australia and the EU. Onboarding clients who register through the Belize entity can use leverage of up to 1:3000.

7. TRADE NOWREAD REVIEW
   7. BlackBull Markets

   Min Deposit

   • ECN Standard: $0
   • ECN Prime: $2,000
   • ECN Institutional: $20,000

   Fees

   • Withdrawals: $5
   • Deposits: free
   • Inactivity fee: no

   Commissions

   • ECN Prime: $6 round-turn per standard lot
   • ECN Instituional: $4 round-turn per standard lot

   Spread

   • EUR/USD: 0.1
   • GBP/USD: 0.1
   • AUD/USD: 0.1

   Leverage EU

   • Retail: 1:30
   • Professional: 1:500

   Leverage non-EU

   1:1000

   Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle. BlackBull Markets does not accept client applications from Canada and the United States.

   BlackBull Markets is an ECN broker based in New Zealand. You can pick from several platforms, the first of which is MetaTrader 4. Downloading this platform is an option, as is simply using its browser-based WebTrader version. The newer version MetaTrader 5 is also available and so are TradingView and cTrader. BlackBull Markets also caters to clients interested in social trading through partnerships with ZuluTrade and Myfxbook.

   Regardless of which platform you go for, you will find that you can use it on your smartphone device as well. The MetaTrader apps and the rest of the platforms are available for free on Google Play and the App Store. In addition, BlackBull Markets clients can pick from the NYC Servers and BeeksFX if they plan to make use of a VPS service, and both options are free.

   If you happen to run into an issue when you use these services, you can always turn to BlackBull Markets’ customer service representatives for assistance. Customer support is available around the clock, seven days a week via live chat, email (support@blackbull.com), and telephone (+64 9558 5142).

   The maximum leverage for forex trading is 1:30 for retail clients from Australia and the EU and 1:1000 for other countries like Thailand. As for the spreads, they can go as low as 0 and are typically 0.1 pips on average for most forex pairs.

8. TRADE NOWREAD REVIEW
   8. Vantage

   Min Deposit

   $50

   Fees

   • No inactivity fee
   • No deposit fees
   • $20 for withdrawals via international bank transfers

   Commissions

   • RAW ECN: $3.00 per standard lot per side
   • Pro ECN: $1.5 per standard lot per side

   Spread

   Standard:

   • EUR/USD: 1.4
   • USD/JPY: 1.5
   • AUD/USD: 1.4

   RAW and Pro ECN:

   • EUR/USD: 0.0
   • USD/JPY: 0.4
   • AUD/USD: 0.3

   Leverage EU

   • Pro: 1:500
   • Retail: 1:30

   Leverage non-EU

   1:1000

   Risk Warning: Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.

   Vantage is a reputable broker regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Cayman Islands Monetary Authority (CIMA). At Vantage, you can trade using either MetaTrader 4, MetaTrader 5, TradingView, or ProTrader.

   Becoming familiar with forex can be a daunting and potentially overwhelming task for those new to the FX scene, which is why Vantage provides its clients with an array of resources that will aid the beginners in question. There is a plethora of information in the Academy section of the website, and a detailed forex guide that covers aspects such as currency pairs, risk management, trading psychology and how to accept losses, among other topics.

   Copy trading is also an option for unversed traders. In addition, you will also find that Vantage offers Smart Trader tools that enhance the MetaTrader suite. Last but not least, VPS hosting is also available.

   Forex traders will find that the spreads for currency pairs vary depending on the types of account they open. Spreads for EUR/USD are 1.4 pips for Standard accounts but start from 0.0 pips for Raw and Pro accounts. In terms of leverage, a 1:500 limit is imposed on pro clients, while retail customers have a maximum leverage of 1:30 in the EU and Australia. Retail customers from other countries like Malaysia will benefit from higher leverage of up to 1:1000.

9. TRADE NOWREAD REVIEW
   9. FXTM

   Min Deposit

   $200 for Advantage and Advantage Plus accounts

   Fees

   $5 monthly inactivity fee after 6 months of inactivity

   Commissions

   Advantage Accounts: A $7 round-turn commission per standard lot

   Spread

   • Advantage: from 0.0 pips
   • Advantage Plus: 1.5 pips

   Leverage EU

   • Major: 1:30
   • Minor: 1:20

   Leverage non-EU

   1:3000

   FDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

   At FXTM, traders can pick between two forex account types – Advantage and Advantage Plus. The spreads for Advantage Plus accounts start from 1.5 pips, and the international leverage limit is 1:3000. On the other hand, going for an Advantage account gives customers the chance to trade with spreads as low as 0.0 pips and the leverage cap is again 1:3000 for non-EU clients. Retail traders from Europe can leverage their positions at maximum rates of 1:30 for major pairs and 1:20 for minor pairs.

   The entities responsible for regulating FXTM are the Cyprus Securities and Exchange Commission (CySEC) in Europe, the Capital Markets Authority (CMA) of Kenya, the FCA in the UK, and the Financial Services Commission (FSC) of Mauritius.

   FXTM complies with the requirements set by the authorities in question, including keeping client money in segregated bank accounts. With this, you can rest assured that even if FXTM were to run into financial trouble, your funds would be safe. Furthermore, the broker protects customer data with SSL encryption. Traders can also keep their accounts safe by enabling two-factor authentication and biometric authentication on the FXTM smartphone app.

10. TRADE NOWREAD REVIEW
    10. FxPro

    Min Deposit

    $100 ($1,000 for Elite MT4/MT5 accounts)

    Fees

    Withdrawals are typically free. The following fees will be incurred if a client requests a withdrawal before they have traded:

    • Skrill: 2.6%
    • Neteller: 2%

    Commissions

    A $7 round-turn commission per standard lot for Raw and Elite accounts

    Spread

    • EUR/USD: 1.3 pips
    • USD/JPY: 1.4 pips
    • AUD/USD: 1.9 pips

    Leverage EU

    • Major pairs: 1:30
    • Minor pairs: 1:20

    Leverage non-EU

    1:10000

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    FxPro is a No Dealing Desk Execution broker that offers 70+ currency pairs to customers who prefer to trade in the forex market. The broker also facilitates trading with futures, indices, shares, metals, energies, and cryptocurrencies.

    FxPro has its own proprietary platform, which is highly customizable, and it has over 50 charting tools. Additionally, this platform can be used on computers and smartphones alike. If you already have experience with the MetaTrader suite, you can go with MT4 or MT5 instead. Another option is to place your orders via cTrader.

    New clients must comply with a minimum deposit requirement of $100. They can choose from a number of funding methods, starting with digital wallets like Skrill, PayPal, Neteller, and Bitwallet for Japanese traders. In addition, you can use credit or debit cards like Visa or Mastercard. Bank transfers are an option as well.

    The spreads vary across instruments, but typically range from 1 to 2 pips for most major and minor pairs. The EUR/USD has a 1.3-pip spread, while the average spread for the USD/JPY pair is 1.4 pips. In addition, the leverage depends on the regulatory body overseeing the broker’s operations in the respective jurisdiction. FxPro is regulated by the FCA in the UK where retail clients have access to maximum leverage of 1:30. The same can be said about traders in the EU, while forex traders from select countries can use leverage of up to 1:10000.

High Leverage Forex Brokers Compared by Stop Out Level and Trading Platforms

Forex Brokers Compared by Spread

Forex is one of the best markets for people looking to trade with higher leverage. Even retail traders from regions like the EU or Australia, where the limit is 1:30 for major pairs, have a lot more leverage to work with than those focusing on stocks that offer maximum leverage of 1:5 in these countries. Then there is the fact that the leverage for FX pros is often considerably higher, reaching 1:500, 1:1000 or more. As tempting as using high leverage can be, it is also important for traders to be cautious when necessary and remember that leverage is a double-edged sword as both potential profits and losses can increase dramatically.

How Forex Trading Works for Traders and Brokers

Forex trading involves exchanging one currency for another, and this is done in pairs. There are three main types of currency pairs, the first one being major pairs like EUR/USD and GBP/USD. Another category comprises commodity forex pairs and includes pairs that are strongly correlated with commodities such as crude oil, natural gas, and agricultural resources. Such pairs include CAD/USD and AUD/USD. Finally, we have minor currency pairs like NZD/JPY and SGD/HKD.

If you plan to trade currencies, it is crucial to understand the concept of leverage so that you can use it to your advantage, given that it is the only way to make significant profits as a forex trader. Leverage refers to the money you can borrow from a broker to open larger positions than your capital allows. For instance, if a trader has $5,000 and uses a leverage ratio of 1:5, they can open a position as large as $25,000. The profits they can potentially generate from this trade will be magnified, but the same applies to their potential losses. This is why using leverage carries a considerable risk but this is manageable so long as you are careful.