Highest Leverage Forex Brokers 2023
Secondly, trading with leverage is a two-edged sword and while it means you can earn more, it also means you can lose all your funds very fast. For that reason, it is important to use only funds you can afford to lose. I believe that the best approach when selecting the highest leverage forex broker is to look not only at the available leverage but also at the reputation that the broker has and at what fees they charge.
Many traders who want to trade with high leverage often choose to trade with a broker that is running a couple of entities. For instance, they can run one which is regulated in the UK by the FCA that allows trading only with low leverage and one which is not regulated at all or in Seychelles (where traders can use high leverage).
Highest Leverage Forex Brokers in Africa, Asia, Oceania, South/Central America & the Caribbean
Unlike traders from Europe, traders from Africa, Asia, Oceania, South/Central America or the Caribbean have slightly more options if they want to trade with the Highest Leverage Forex Brokers that have a solid reputation. In the paragraph below, you can find a list of some of the most popular international brokers offering high leverage ranging from 1:300 up to 1:888 when trading major currency pairs. Every broker from the list is regulated in Europe where they have a very solid reputation. While this regulation and investor protection scheme does not apply to traders outside the European Economic Area, it still provides to brokers a certain reputation of well-recognised brands. I believe that it is definitely better than trading with a completely unknown broker just because they offer high leverage.
Please note that not every broker from the list below accepts traders from all countries. With that being said, IQ Option, as well as XM.com, welcome traders from most countries. To find out more about these companies, please read their respective reviews on our website or check out the official websites of the listed brokers.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
* Available to traders outside the European Economic Area.
The UK and European Highest Leverage Forex Brokers
Every FX broker that is regulated and authorized in the European Union (or the UK which recently left it) will offer you to trade major currency pairs with the maximum leverage of 1:30 and minor and exotic forex pairs with the maximum leverage of 1:20. The reason why they offer such maximum leverage is because in 2018, the European regulator MIFID introduced new laws that all locally regulated fx brokers accepting European retail clients have to follow (which also included lowering the available leverage for retail clients).
Many FX Brokers did not like this and decided to operate their companies under two entities. One, that is, for instance, regulated in Cyprus by the CySEC and one which is not regulated at all or in St. Vincent & the Grenadines or Belize. One such example is FP markets. If you are based in Europe (like me) and you visit fpmarkets.eu, you can trade with a broker that is run by the company First Prudential Markets Ltd which is regulated in Cyprus by the CySEC (the maximum leverage here is 1:30). However, if you visit fpmarkets.com, they will inform you that
The website www.fpmarkets.com is operated by First Prudential Markets PTY Ltd an entity that is not established in the EU or regulated by an EU National Competent Authority. The entity falls outside the EU regulatory framework i.e. MiFID II and there is no provision for an Investor Compensation Scheme.
This means that if you decide that you are ok with these terms, you can accept them and trade with up to 1:500 leverage. However, as the broker mentions itself there is no provision for an investor compensation scheme. This is one of the ways, some brokers choose to go around the MIFID rules. Nevertheless, most big FX and CFD providers like Plus500, IQ Option or eToro (which are either regulated by the CySEC or FCA in Europe) do not employ such practices like FP Markets and they allow their European retail clients to trade with only up to 1:30 leverage.