Best Unlimited Leverage Forex Brokers

Most traders are attracted to the financial markets because of the ability to trade Forex and other CFDs using the power of leverage. There are brokers who offer high leverage ranging from 1:30 to 1:500, 1:2000 or even 1:unlimited leverage. And today we will have a look at forex brokers who offer unlimited leverage.

But before we do so, it is critical to understand what leverage is and what are the associated risks when using high leverage. So let's get into it.

In forex, leverage is simply the extent to which you are allowed to open large trading positions with a small capital called a margin. Leverage makes trading very lucrative, but at the same time, it does come with increased risks. It is similar to placing large trades using your broker's capital while your own small trading deposit serves as collateral. If you have losses that are more than a certain percentage of your trading capital, your broker will place a margin call and eventually close your trades.

On the other hand, leverage can drastically multiply your profits if you use it well. Every broker reserves the right to determine the leverage they provide to their traders in different countries or regions. In simpler terms, leverage is a ‘multiplier’ and in most cases, there is a fixed leverage number. For example, the maximum leverage of FP Markets is 1:500 but it is limited to 1:30 for all UK and European citizens because of local regulations.

Since you are reading this blog article, you are interested in forex brokers with unlimited leverage. We have done the research for you and the options available are limited in number. There are very few brokers with unlimited leverage as most brokers put a limit on leverage, even if the available leverage is high.

Now, it is not enough to choose a broker only because they provide unlimited leverage. It is very important to be very certain that your chosen broker is regulated by renowned authorizing bodies and is trusted by clients across the world. As a result, Exness qualifies as the only regulated and trusted broker we found that offers unlimited leverage to some of its trading accounts. There are a few other brokers that offer unlimited leverage but we can’t recommend them because we do not have our personal experience and in most cases, they lack a solid regulatory framework that would secure them much-needed trust score points.

Exness - Its Unlimited Leverage Accounts

Exness offers five accounts with unlimited leverage which includes two standard and three professional accounts. The two Standard Accounts are called Standard and Standard Cent accounts. The basic Standard account has spread starting from 0.2 pips and no commission is charged for placing trades. You can trade a wide range of CFDs like Forex, metals, cryptocurrencies, energies, stocks, and indices.

The Standard Cent account has spreads starting from 0.3 pips and no commissions. On this account, you have the option to trade both Forex and Metals only. These two Standard accounts are suitable for new traders as they allow micro-lots with stable spreads and no-commission charges.

The broker provides access to two world's leading retail forex platforms; MT4 and MT5.

Please note, that Exness does not accept traders from the European Economic Area, UK or the USA. But traders from most other parts of the world are welcome.

Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.

Exness has also three Professional Accounts with unlimited leverage namely Raw Spread, Zero, and Pro accounts. These professional accounts have superior trading conditions (even lower fees) and are suited for more experienced traders who are either scalpers, day traders, intraday traders, or Algo traders.

All three professional accounts have access to many CFDs like Forex, metals, cryptoсurrencies, energies, stocks, and indices. Spreads start from 0 pips on the Raw Spread and Zero professional accounts (commissions apply) while it starts from 0.1 pips on the Pro professional account (no commission is applied). On all three professional accounts, the minimum deposit is $500* and you can also place trades using a micro lot. When trading with Exness, depositing and withdrawing funds is straightforward, with support for various payment gateways, cryptocurrencies, and local currencies. The broker provides instant withdrawals. 

Exness has a strong regulatory framework and is licensed and authorised by many renowned regulatory bodies these include:

• Financial Sector Conduct Authority (FSCA) in South Africa
• Capital Markets Authority (CMA) in Kenya
• Cyprus Securities and Exchange Commission (CySEC) in Cyprus
• Financial Conduct Authority (FCA) in the United Kingdom
• Financial Services Authority (FSA) in Seychelles
• Central Bank of Curacao and sint Maarten (CBCS)
• Financial Services Commission (FSC) in BVI and Mauritius
• Jordan Securities Commission (JSC) in Jordan

Please note that 1: unlimited leverage is not available to traders that are registered with Exness (KE) Limited (their Kenyan entity) where the maximum available leverage is 1:400. 

Due to the higher risks associated with unlimited leverage, the following conditions apply to real trading accounts that wish to trade with unlimited leverage.

• The account must maintain equity below 1,000 USD.
• The trader is required to close at least 10 orders (excluding pending orders) with a minimum total of 5 lots (or 500 cent lots) across all real trading accounts within their Personal Area (PA).

Conclusion on Best Unlimited Leverage Forex Brokers

Leverage is a double-edged sword. It can drastically increase your trading capital and at the same time, it can literarily wipe out your entire trading capital. Every successful trader implements risk management to check the temptation of leverage. The reason many brokers put a limit on leverage is very understandable. You should note that even though Exness gives unlimited leverage on some of its accounts, no professional trader will ever place a large position trade just because the broker allows it. Successful traders know that they must not risk more than a certain percentage of their trading account on every trade.

The forex market can be very tricky sometimes and leverage is sweet when you are experiencing a winning streak. You should note that a losing streak is also inevitable when trading the forex market. This is when most inexperienced traders lose a huge percentage of their trading accounts and in some cases completely blow their accounts to zero. Trade safe.