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: November 20, 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 several regulated and trustworthy forex brokers and compiled a toplist with the best brokers allowing high leverage up to 1:500. Each broker received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more.

1. 

   Fusion Markets

   Rating: 4.9

   74-89% of retail CFD accounts lose money

2. 

   FP Markets

   Rating: 4.8

   73.85% of retail investor accounts lose money

3. 

   Pepperstone

   Rating: 4.7

   75.5% of retail investor accounts lose money

4. 

   Global Prime

   Rating: 4.4

   74-89% of retail CFD accounts lose money

5. 

   Axi

   Rating: 4.0

   The vast majority of retail client accounts lose money

6. 

   XM Group

   Rating: 2.2

   72.82% of retail investor accounts lose money

Top Forex Trading Brokers With High Leverage

Choosing a great broker is perhaps one of the most important decisions a trader can make. The platforms and tools available, along with the markets themselves and the leverage you will be able to use, all point to just how much your broker will affect your performance as an FX 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 we will see below. Below you can find a comparison table of forex brokers that offer high leverage trading. We rank them based on several factors including: regulation, spreads and commissions, Trustpilot rating, trading instruments, trading platforms, 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 0.8 pips

   Zero Average Spread:

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

   Leverage EU

   EU and Australia:

   • Majors: 30:1
   • Minors: 20:1

   Leverage non-EU

   500:1

   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.

   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 and MetaTrader’s latest version, MT5. Both platforms have software or apps that can be downloaded and installed on computers and smartphones, and the MT4 WebTrader is also available for those who prefer to not bother with installing additional software.

   Forex traders who prefer the aptly named Classic account will have spreads that cannot go under 0.8 pips. Users that have a Zero account, however, can use spreads as low as 0.02 pips for EUR/USD and 0.03 pips for USD/JPY. Fusion Markets clients with such an account, however, will also need to pay commission when they trade.

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

   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.

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: 1.5
   • EUR/JPY: 1.8

   Leverage EU

   • Retail: 30:1
   • Pro: 400:1

   Leverage non-EU

   • Retail: 30:1
   • Pro: 400:1

   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, has therefore crafted an educational section that presents crucial trading information in an easy-to-understand manner. The Trading for Beginners page is full of informative articles that cover the basics of foreign exchange. 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 will need to keep in mind that the minimum amount of money one can deposit is $100. In addition, the methods you can pick from boil down to credit cards, wire transfer, 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 400:1, while retail clients in the EU and Australia can use leverage up to 30:1. As for the spread, it will vary from instrument to instrument, with the EUR/USD having a 0.9-pip spread on average, while the GBP/USD’s spread is 1.5 pips.

3. TRADE NOWREAD REVIEW
   3. FP Markets

   Min Deposit

   $100

   Fees

   • No deposit or withdrawal fees
   • No inactivity fee

   Commissions

   Raw: $3 per side

   Spread

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

   Leverage EU

   • Major: 30:1
   • Minor: 20:1

   Leverage non-EU

   500:1

   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, investors have access to products such as metals and commodities, among others, and this includes the foreign exchange market. The entities that regulate FP Markets are the Australian Securities and Investments Commission and Cyprus Securities and Exchange Commission. The broker is suitable not just for experienced traders but for new ones as well, thanks to the educational library available on the website. There is content for all types of learners, and these resources include 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.

   You will not need to pay FP Markets any fees for depositing money into your account, and you can pick between numerous banking solutions. Funding your account can be done via credit and debit and bank transfer. In addition, users can also choose to deposit via a digital wallet the likes of Neteller, Skrill, or SticPay. More localised options, such as Dragonpay and Paylivre, can also be used.

   There are two account types at FP Markets, Standard and Raw, with one of the key differences between the two being the spread of each forex pair. Those with a standard account will have a minimum of 1 pip, while Raw spreads start at 0 pips. As for the leverage, investors who do not reside in ASIC and CySEC jurisdictions can trade with leverage that can reach 500:1 at most. As for the EU and Australia, 30:1 is the limit for major pairs, while one can use a limit of up to 20:1 for non-majors.

4. TRADE NOWREAD REVIEW
   4. eToro

   Min Deposit

   $10 - $10,000

   Fees

   Overnight fees EUR/USD:

   • Sell (Short): $ 0.00003148
   • Buy (Long): $ -0.00009432

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

   Commissions

   N/A

   Spread

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

   Leverage EU

   Europe, UK and Australia:

   • Major: 30:1
   • Minor: 20:1

   Leverage non-EU

   N/A

   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.

   eToro is a broker that has been around for over a decade, and it offers 40 currency pairs for forex aficionados. Adventurous investors who prefer to dabble in numerous markets as opposed to sticking to just FX will also have access to stocks, cryptocurrency trading, indices, commodities, and ETFs.

   eToro is one of the pioneers of social trading and copy trading in particular, and as such, this broker offers its own copy trading solution. It enables traders to effortlessly replicate the actions of their well-performing peers, and it also allows them to take part in the community, learn from the strategies of others, and easily find information such as a trader’s performance and risk score.

   The leverage for majors is 30:1 in ASIC, CySEC, and FCA-regulated jurisdictions. As for minors, global traders can use the leverage of up to 30:1, while those in Europe, the UK and Australia have a 20:1 limit to work with.

   If the concept of leverage and spreads is still new to an investor, they can become more familiar with the techniques of FX and the terminology that surrounds it by going to eToro’s educational section. In addition, they can also gain some experience safely by opting for a demo account before they start trading real money.

5. TRADE NOWREAD REVIEW
   5. Pepperstone

   Min Deposit

   $0

   Fees

   No deposit or withdrawal fee.

   Commissions

   Razor Commission by 1 lot:

   • USD: $3.50 ($7 per round turn)
   • EUR: $2.60 ($5.20 round turn)

   Spread

   Standard Average:

   • EUR/USD: 0.77
   • USD/JPY: 0.86
   • AUD/USD: 0.84

   Leverage EU

   • Pro: 500:1
   • Retail: 30:1

   Leverage non-EU

   • Pro: 500:1
   • Retail: 30:1

   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, Papperstone is an Australian-based broker which is available globally. As such, it is regulated by the Australian Securities and Investments Commission, the Cyprus Securities and Exchange Commission in the EU, and the Financial Conduct Authority in the UK.

   The average spreads at Pepperstone tend to be less than 1 pip. EUR/USD traders, for instance, will have an average spread of 0.77 pips, while those who prefer to trade the USD/JPY have a 0.86-pip spread to work with. Finally, pros can use leverage of up to 500:1, and the ratio for retail traders is 30:1.

   MT4 and MT5 are Pepperstone’s platforms of choice, and investors who value mobility can download the MetaTrader apps on their Android or iOS device. In addition, the broker has partnered with Capitalise.ai in order to provide its users with the ability to automate their trades. cTrader Automate is another option Pepperstone clients can try, and investors also have access to tools such as Smart Trader Tools and Autochartist.

   The website has a well-organised FAQ page, and if a client needs personal assistance, Pepperstone’s customer support team can be contacted via email or phone.

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 Spread: from $20/lot
   • ECN: $6

   Spread

   Standard:

   • EUR/USD: 0.3 min. 0.8 average
   • GBP/USD: 0.6 min. 0.9 average
   • NZD/USD: 1.6 min. 1.9 average

   Leverage EU

   Retail:

   • Major: 30:1
   • Non-major: 20:1

   Leverage non-EU

   Up to 3000:1

   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 its main base of operations is located in Belize. Apart from numerous currency pairs, this broker’s range of products includes indices, energies, stocks, and cryptocurrencies. As for the platforms, MetaTrader 4 and MetaTrader 5 are your main choices for both desktop and mobile trading, but investors can also go with FBS’ own smartphone application.

   FBS is regulated by top-tier authorities such as the Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commission. In addition, this broker has ensured that its clients’ data and funds are secure via the usage of encryption. 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.

   The leverage for retail investors ranges between 30:1 and 20:1, depending on whether you plan on trading a major currency pair or a minor one. This limitation is imposed on trades conducted by users who reside within a CySEC or ASIC regulated area. Clients who are located elsewhere may use a leverage of up to 3000:1.

7. TRADE NOWREAD REVIEW
   7. BlackBull Markets

   Min Deposit

   • ECN Standard: $50
   • ECN Prime: $2,000

   Fees

   • Withdrawal: $5
   • Deposit: free
   • Inactivity fee: no

   Commissions

   N/A

   Spread

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

   Leverage EU

   500:1

   Leverage non-EU

   500:1

   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 that is based in New Zealand. You can pick between several platforms, the first of which is MetaTrader 4. Downloading this platform is an option, as is simply using the WebTrader. The fifth interaction of MetaTrader is also available in software form. The final platform on offer is TradingView. BlackBull Markets is also conscious of the traders who are interested in social trading, which is why the broker has partnered with ZuluTrade and Myfxbook.

   Regardless of which platform you go with, you will find that you will be able to use it on your smartphone device as well. The apps of the MetaTrader suite and the rest of the platforms can be found on Google Play and the iOS App Store. In addition, BlackBull Markets clients can pick between 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 such services, you can always turn to BlackBull Markets’ customer service representatives for assistance. Customer support is available around the clock, seven days a week.

   Thanks to BlackBull Markets’ ECN status, the maximum leverage for forex trading is 500:1. 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

   $200

   Fees

   • No inactivity fee
   • No deposit or withdrawal fees

   Commissions

   • RAW ECN: $3.00 per lot per side
   • Pro ECN: $1.5 per 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: 500:1
   • Retail: 30:1

   Leverage non-EU

   • Pro: 500:1
   • Retail: 30:1

   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, which is regulated by the Financial Conduct Authority, the Australian Securities and Investments Commission, and the Vanuatu Financial Services Commission. At Vantage, you can trade by using either MetaTrader 4 or the fifth iteration of the MetaTrader suite.

   Seeing as becoming familiar with forex can be a daunting and potentially overwhelming task for those new to the FX scene, Vantage has provided 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 covers aspects such as currency pairs, risk management, trading psychology and how to accept losses, among other topics.

   If one wishes to partake in social trading, ZuluTrade, Myfxbook and Duplitrade are all available. In addition, you will also find that Vantage offers Smart Trader Tools that enhance the MetaTrader suite. Last but not least, a VPS is also an option.

   Forex traders will find that the spread of their currency pair of choice will vary depending on the account they have. Standard EUR/USD traders, for instance, will use leverage of 1.4 pips on average. The spread for Raw and Pro users, however, can go all the way down to 0 pips. In terms of the leverage, a 500:1 limit is imposed on pro clients, while retail users have a maximum leverage of 30:1.

9. TRADE NOWREAD REVIEW
   9. FXTM

   Min Deposit

   • Micro: $10
   • Advantage: $500

   Fees

   $5 a month inactivity fee after 6 months of inactivity.

   Commissions

   Advantage: $0.40 - $2 based on volume

   Spread

   • Micro: 1.5 pips min
   • Advantage: 0 pips min

   Leverage EU

   • Major: 30:1
   • Minor: 20:1

   Leverage non-EU

   • Micro: up to 1000:1
   • Advantage: 2000:1

   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 account types: Micro and Advantage. The minimum pip count for Micro accounts is 1.5 pips, and the international leverage limit is 1000:1. On the other hand, going with Advantage will provide investors with spreads as low as 0 pips, and they can utilise leverage up to 2000:1. For retail traders in the European Union or Britain, the leverage ratio for majors is 30:1, while the maximum leverage that can be utilised when it comes to trades involving minor pairs is 20:1.

   The entities responsible for regulating FXTM are the Cyprus Securities and Exchange Commission in Europe, the South African Financial Sector Conduct Authority, the UK’s FCA and the Financial Services Commission of the Republic of Mauritius.

   FXTM, therefore, complies with the requirement set by the authorities in question, and this includes the necessity to keep 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 secures user data with SSL Encryption, and users can also keep their accounts safe by enabling two-factor authentication and biometric authentication on the smartphone app.

10. TRADE NOWREAD REVIEW
    10. FxPro

    Min Deposit

    $100

    Fees

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

    • Skrill: 2.6%
    • Neteller: 2%

    Commissions

    N/A

    Spread

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

    Leverage EU

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

    Leverage non-EU

    200:1

    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 features 65+ currency pairs for investors that prefer to trade in the forex market. The broker’s markets catalogue also includes futures, indices, shares, metals, energies, and cryptocurrencies.

    FxPro has its own proprietary platform, which is highly customisable, 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.

    New clients need to take account of the fact that the minimum deposit requirement is $100, and you can choose between a number of funding methods, the first category being digital wallets. This includes Skrill, PayPal and Neteller, along with Bitwallet for Japanese traders. In addition, you can use a credit card or a debit card such as VISA or Mastercard. Finally, bank transfer is an option as well.

    The spreads vary between instruments, but they will typically be between 1 and 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. In addition, the leverage is dependent on which regulatory body authorises broker operations within a client’s jurisdiction. FxPro is regulated by the FCA in the UK, and thus retail clients in Britain have a maximum leverage of 30:1 to work with. The same can be said about traders in the EU, while forex aficionados who reside elsewhere can use leverage up to 200:1.

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

Forex Brokers Compared by Spread

The forex market is one of the best markets for investors who like to trade with higher leverage. Even retail investors from locations within the EU or Australia, where the limit is 30:1 for major pairs, have a lot more leverage to work with than, let us say, those who focus on stocks. Then, there is the fact that the leverage of FX pros can be far higher than even this, and the limits are often in the hundreds or even in the thousands. As tempting as it can be, it is also important for investors to be cautious when necessary and remember that leverage is a double-edged sword. The higher the potential profits, the more impactful the possible losses.

How Forex Trading Works for Traders and Brokers

Making a forex trade involves the exchange of one currency for another, and this is done in pairs. There are three main types of currency pairs, the first of which are the so-called majors, such as the EUR/USD and GBP/USD. There is also a category dubbed commodity forex pairs, which refers to pairs that are strongly correlated with commodities such as oil, agricultural resources, and the like, and such pairs include the CAD/USD and the AUD/USD. Finally, we have minor currencies the likes of the NZD/JPY pair.

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 in order to execute a transaction with funds you do not have. For instance, if a trader has a capital of $5,000 and a leverage ratio of 5:1, this trader can now use $25,000 in order to execute their trade. This means that the profits they stand to make off of this trade will be magnified, but the same can be said about the potential losses as well. This is why leverage is known to carry a lot of risks, but this is manageable so long as you are careful.