20 Best High Leverage Forex Brokers – ( Reviewed )

Best High Leverage Forex Brokers

Best High Leverage Forex Brokers

Below you will find a comprehensive list of some of the Best High Leverage Forex Brokers  in the trading market, according to research in South Africa. 

This list is not meant to be a ranking but rather a comprehensive list of good discount brokers in the marketplace

Good luck and good trading.

 

AvaTrade Review Islamic

AvaTrade

 
AvaTrade have more than 200 000 registered traders on their database and have displayed that they are an authority in the market facilitating more than 2 000 000 transactions per month. AvaTrade provide plenty of assistance for the novice traders in the form of great educational and research material. Traders will also be able to enjoy leverage up to 1:400. Registering an account is easy and client technical support is efficient to resolve any of your queries over live chat, telephone and email.  

Pros and Cons

Pros Cons
Easy registration Research material is outdated
No transaction fees on withdrawals and deposits Phone support can be inefficient
Good training material Limited product scope
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:400
Minimum Initial deposit to start trading $100
Average spread EUR/USD – active 0.62
Average spread EUR/USD – standard 0.92
VIP or active trader discounts Yes
  XM.com Review

XM.com

 
XM.com, established in 2009, is a leading brand in the Forex market and have in excess of 3 000 000 registered traders. The mobile platform will, most likely, be the preference over the web platform and users will take advantage of the superb marketing, educational and training material that has been offered by XM.com. XM.com offer leverages up to 1:888 once you have completed the easy registration process and customer tech support is geared up to keep you going through any technical issues.  

Pros and Cons

Pros Cons
Easy registration Limited products offered
No transaction fees on withdrawals and deposits Comparatively expensive Forex fees
Great educational resources Penalties charges for inactivity
 

Leverage, Leverage, fees and commissions

Features The Numbers
Leverage up to 1:888
Minimum Initial deposit to start trading $5-$100
Average spread EUR/USD – active 0.8
Average spread EUR/USD – standard 1.6
VIP or active trader discounts No
  FXTM Review

FXTM

 
With a database of more than 2 000 000 clients, FXTM’s 800 staff members ensure that traders are able enjoy an effortless trading experience. Having a keen focus on beginner traders, FXTM’s library of training material will shorten your learning curve and make the move into the Forex world as painless as possible. Trader are afforded leverages up to 1:200. You will find that the experience on the mobile platform is far better than the web platform. Account registration is quick and painless and customer tech support is efficient and timeous in resolving customer support issues.  

Pros and Cons

Pros Cons
Great customer support Withdrawals are expensive
Simple sign up Inactivity carries penalties
Great educational material Few products offered to traders
 

Leverage, Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:200
Minimum Initial deposit to start trading $100
Average spread EUR/USD – active 1.0
Average spread EUR/USD – standard 0.8
VIP or active trader discounts Yes
  FP Markets Review

FP Markets

 
FP Markets have earned themselves a great reputation. Most noteworthy being navigating through a global financial crisis and coming out unscathed. They have been collecting many awards since opening their doors in 2005. All traders looking for a service provider with a careful mix of product and pricing will be pleased with FP Markets. Traders can also enjoy leverages up to 1:500. User registration is straightforward, and the tech support are quick to resolve any issues that you may experience on the web or mobile platforms.  

Pros and Cons

Pros Cons
Fantastic customer service Few products on offer
Quick sign up Additional transaction costs for certain options
No penalties for inactivity Web platforms feels outdated
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:500
Minimum Initial deposit to start trading $100
Average spread EUR/USD – active N/A
Average spread EUR/USD – standard 1.19
VIP or active trader discounts N/A
  Alpari Review

Alpari

 
With a prominent presence in the market, Alpari are a favourable choice amongst traders. Experienced and novice traders will appreciate the demo account features and functionality and have access to leverages up to 1:500. Should traders wish to earn a bit more income, they can opt to sign up for the Strategy manager role where they can offer their trading strategies to other traders and earn a share of their profits.  

Pros and Cons

Pros Cons
Good amount products offered Training material needs improvement
Strategy Manager Role
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:500
Minimum Initial deposit to start trading $100
Average spread EUR/USD – active 0.82
Average spread EUR/USD – standard 0.92
VIP or active trader discounts Yes
  GO Markets Review

GO Markets

 
Traders love GO Markets for their useful training resources and well-designed platforms which gives you a great overall trading experience. User registration is straightforward and painless, plus you will be able to enjoy low Forex fees and leverages up to 1:500. Customer tech support is great, and they can be contacted via telephone, web, email and social media.  

Pros and Cons

Pros Cons
Trading accounts enjoy lower fees Penalties for inactivity
Customer tech support is great
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:500
Minimum Initial deposit to start trading $200
Average spread EUR/USD – active N/A
Average spread EUR/USD – standard 1.2
VIP or active trader discounts N/A
  IG Group Review

IG

 
IG have cemented their reputation on the age-old staple of the “Customer is King”, which has made them one of the market leaders for CFD instruments. Great web and mobile platforms are what await you, as well as making use of many utilities and tools to become a successful trader. IG also offers traders low trading fees and leverages up to a mediocre 1:30. User registration is easy but has a complex confirmation process which may take a while. Apart from the phone support, client tech support is excellent.  

Pros and Cons

Pros Cons
Well-designed web platform Few products offered
Significant educational tools Phone support needs improvement
Low trading fees
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:30
Minimum Initial deposit to start trading £250
Average spread EUR/USD – active 0.36
Average spread EUR/USD – standard 0.7
VIP or active trader discounts Yes
Plus500 Review

Plus 500

 
Plus 500’s innovative approach to simplifying Forex trading has given them a leading edge in the world of Forex. Users can look forward to well-designed mobile and web platforms, but leverages aren’t that great and only go up to 1:30. They only provide CFDs and Forex which makes them less attractive than other Forex brokers who have a wide range of products. 24/7 tech support is an added bonus and sports, amongst other channels, a WhatsApp chat line as opposed to the traditional telephone line.  

Pros and Cons

Pros Cons
Great platform experience Research tools need improvement
Useful educational tools WhatsApp support could be more efficient
Round the clock tech support
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:30
Minimum Initial deposit to start trading €100
Average spread EUR/USD – active N/A
Average spread EUR/USD – standard 0.6
VIP or active trader discounts No

Top 5 Forex Brokers

1

Broker

Minimum Deposit

USD 100

REGULATED BY

Trading Desk Type

Market Maker

Tickmill has one of the lowest forex commission among brokers.

Trading Conditions

4.7/5

Trading Conditions

  • MT4
  • MT5

🥇
Rank #1

2

Broker

Minimum Deposit

USD 1

REGULATED BY

Trading Desk Type

Market Maker

The majority of the methods do not incur any fees. Their processing times are quick.

Trading Conditions

4.5/5

Trading Conditions

  • MT4
  • MT5

🥈
Rank #2

3

Broker

fb

Minimum Deposit

USD 1

REGULATED BY

Trading Desk Type

Market Maker

FBS has received more than 40 global awards for various categories

Trading Conditions

4.5/5

Trading Conditions

  • MT4
  • MT5

🥉
Rank #3

4

Broker

Xm.com-Logo-1-1024x514

Minimum Deposit

USD 5

REGULATED BY

Trading Desk Type

Market Maker

MetaTrader platform with low trading fees

Trading Conditions

4.5/5

Trading Conditions

  • MT4
  • MT5

Rank #4

5

Broker

avatrade_hori

Minimum Deposit

USD 100

REGULATED BY

Trading Desk Type

Market Maker

High Bonuses, Now with Extra-Low Spreads

Trading Conditions

4.7/5

Trading Conditions

  • MT4
  • MT5

Rank #5

1

$30 Welcome Account

4.8/5

User Score

2

justforex_white_logo

Quick processing times

4.5/5

User Score

3

A review about FBS

$100 Sign Up Bonus

4.7/5

User Score

4

50% Deposit Bonus up to $5000

4.8/5

User Score

5

World Class Customer Support

4.7/5

User Score

easyMarkets Review Easy Markets
 
Easy Markets opened their doors in 2001 and offer an amazing proprietary platform to traders who have any level of experience. There is an extensive library of research and educational material tailored more for the novice trader. With lower fees and leverages up to 1:200, Easy Markets is an attractive broker definitely worth investigating. Customer tech support may take a bit longer than desired but provide concise help.  

Pros and Cons

Pros Cons
Commission free trading Limited options for trading accounts
Affordable fees
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:200
Minimum Initial deposit to start trading $100
Average spread EUR/USD – active 0.9
Average spread EUR/USD – standard 0.9
VIP or active trader discounts Yes
Saxo Bank Review

Saxo Bank

 
With a proven business model, Saxo Bank (Saxo) have been providing brokerage service to clients since 1996. User registration may not be as fast as users would like and that is attributable to the slow confirmation process. The downside of Saxo Bank is a very high minimum deposit and leverages only up to 1:100. However, the pro of dealing with a reputable broker like this and its very rich research tools, far outweigh the cons. Users can enjoy well developed platforms and customer service that is available during working hours.  

Pros and Cons

Pros Cons
Well-designed platforms Unattractive minimum deposit
Research tools are worth the premium Lacking 24/7 tech support
Good variety of products on offer
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:100
Minimum Initial deposit to start trading $10 000
Average spread EUR/USD – active 0.6
Average spread EUR/USD – standard 0.6
VIP or active trader discounts Yes

 

Read 10 Best Forex NO DEPOSIT Bonus here

 

eToro Review

eToro

 
Choosing an unconventional yet successful approach to Forex trading, eToro has been offering “Social Trading” since 2007. User registration is quick and painless, and the web and mobile platforms are a pleasure to work with. Traders will experience high Forex fees and are lower than leverages, up to 1:30, compared to its competitors. Their training and research material is not very useful because they are, fundamentally, outdated. User tech support gives amazing assistance within working hours.  

Pros and Cons

Pros Cons
Easy registration Forex fees are expensive
Pleasant trading experience Withdrawals may have long lead times.
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:30
Minimum Initial deposit to start trading $200
Average spread EUR/USD – active N/A
Average spread EUR/USD – standard 3
VIP or active trader discounts Yes
  CMC Markets Review

CMC Markets

 
CMC Markets have been providing an amazing trading experience with great utilities since 1989. You may find that the registration process is a bit tedious, but the trading platforms and training resources are great. CMC Markets offers leverages up to 1:30 and a capable support department will resolve any of your support requests during office hours.  

Pros and Cons

Pros Cons
Good product selection Withdrawals have long lead times
Great trading platforms Support call response time needs improvement
Noteworthy educational tools
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:30
Minimum Initial deposit to start trading $0
Average spread EUR/USD – active 0.81
Average spread EUR/USD – standard 0.81
VIP or active trader discounts Yes
  OANDA Review

Oanda

 
Oanda has been trading since 1996 and it’s easy to see why they have a prominent presence in the market. User registration has a lengthy confirmation process. Users will find useful training and research material and leverages up to 1:50. User tech support needs to be more accurate with their responses but has good response times.  

Pros and Cons

Pros Cons
Low trading fees Withdrawals are expensive
Easy sign up Tech support is sometimes slow
Good web platform
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:50
Minimum Initial deposit to start trading $0
Average spread EUR/USD – active 1.4
Average spread EUR/USD – standard 1.4
VIP or active trader discounts Yes
  Pepperstone Review

Pepperstone

 
Good trading platforms with great premium features are the first things that come to mind when you think of Pepperstone who have been operating in the Forex world since 2010. User registration is easy enough and will pave the way to great platforms and leverages up to 1:500. Tech support can be contacted with live chat, email and telephone  

Pros and Cons

Pros Cons
Forex fees are comparatively low Few products on offer
Good customer tech support Only Forex, CFDs and Crypto
Great trading experience Basic news flow but no fundamental data
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:500
Features Prices
Minimum Initial deposit to start trading $200
Average spread EUR/USD – active 0.86
Average spread EUR/USD – standard 1.13
VIP or active trader discounts Yes
  FXCM Review

FXCM

 
With an explicit focus on education and training, FXCM is a favourite amongst novice traders. User registrations take no time at all but has a lengthy confirmation process. Mobile and web platform experiences are average at best and you can expect leverages up to 1:200. User tech support is efficient and can be contacted by live chat, telephone and email.  

Pros and Cons

Pros Cons
Capable research tools Few products on offer
Noteworthy educational tools Platforms may feel underdeveloped
Easy setup
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:200
Features Prices
Minimum Initial deposit to start trading £300
Average spread EUR/USD – active 0.70
Average spread EUR/USD – standard 1.30
VIP or active trader discounts Yes
  XTB Review

XTB

 
XTB have become a trustworthy broker in the Forex world and have been maintaining that reputation since 2002. User registration is free and effortless. Registered users will have access to great training and research resources and leverages up to 1:500. The only downside to customer tech support is the email response times.  

Pros and Cons

Pros Cons
Forex fees are low Email support needs improvement
Flexible to user transaction needs Few products offered
Easy registration
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:500
Minimum Initial deposit to start trading $0
Average spread EUR/USD – active 0.78
Average spread EUR/USD – standard 0.78
VIP or active trader discounts Yes
  Forex.com review

Forex.com

 
Providing Forex brokerage services since 2001, Forex.com have clients that span all over the globe. User registration is easy enough but has a long and complex verification process. Forex.com offer useful tools to traders, with lower than average leverages up to 1:40. Client tech support is available via live chat and email, but users will most likely choose telephone as it has the fastest turnaround time.  

Pros and Cons

Pros Cons
Forex fees are low Underdeveloped desktop platform
Decent research tools Limited product offering
Easy registration
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:40
Minimum Initial deposit to start trading $50.00
Average spread EUR/USD – active 0.7
Average spread EUR/USD – standard 1.0
VIP or active trader discounts Yes
  Swissquote Review

Swissquote

 
Swissquote provides an exceptionally high-quality offering and has been a provider of brokerage services since 1996. User registration is completely digital and will give users access to great trading platforms and leverages up to 1:100. There are inherent limitations to the educational and research material, but the user tech support team give an amazing experience.  

Pros and Cons

Pros Cons
No penalties for inactivity Expensive trading fees
Good market exposure
Decent research tools
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:100
Minimum Initial deposit to start trading $1000.00
Average spread EUR/USD – active N/A
Average spread EUR/USD – standard N/A
VIP or active trader discounts N/A
  ETX Capital Review

ETX Capital

 
One of the longest-standing brokers on the market today, ETX Capital have amassed notariety in the Forex space. Their platforms are a little outdated, but their training and educational resources are good quality as is the trading experience. ETX Captial provides leverages up to 1:200, but its Forex fees are a bit on the high side. User registration is painless and the customer tech support teams are efficient and accurate in resolving support queries.  

Pros and Cons

Pros Cons
Numerous transaction classes High trading fees
Quick setup Research tools are limited
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:200
Minimum Initial deposit to start trading £$100.00
Average spread EUR/USD – active 0.81
Average spread EUR/USD – standard 0.81
VIP or active trader discounts No
  CityIndex Review

City Index

 
Supported by GAIN Capital since 1985, City Index have had prominence in the Forex market, amassing a solid reputation as a trusted player. User registration is painless and you will be thankful for the excellent training resources and leverage offers of up to 1:500. User support team responds timeously and efficiently, but the primary communication tool is via email which does not always suit every trader.  

Pros and Cons

Pros Cons
Low Forex fees Desktop experience feels underdeveloped
Quick registration Few products on offer
Good resources available
 

Leverage, fees and commissions

Features The Numbers
Leverage Up to 1:500
Minimum Initial deposit to start trading £50.00
Average spread EUR/USD – active 0.8
Average spread EUR/USD – standard 0.8
VIP or active trader discounts Yes

 

Read 15 Best FREE Forex Trading Apps here

 

In conclusion

“Leverage” is not a foreign concept to those who are acquainted with the jargon that comes with navigating the finance world. To those that haven’t made that acquaintance, simply put, it is a certain amount of money that needs to be borrowed to invest into something. We’ve all been there. Whether it has been to achieve a personal goal or a business goal, the operation becomes leveraged once we introduce any form of borrowing as funding to achieve the objectives. Leveraging is also something that exists in the world of Forex with the main point being that the money is borrowed from the broker as opposed to having multiple sources that one could weigh up. Brokers offer different leverages to traders and allow them to make transactions that are beyond their current financial constraints. These figures are normally represented as ratio figures (Eg. 1:500) and are completely unique to the broker and the type of account offered by the broker. Novice traders may find some benefit to leverage offered by brokers but should tread lightly as leverage can quickly turn into a double-edged sword. This article lists a few of the Forex brokers in the market and the various leverage options that they offer, as well a brief insight into the products and services that they provide. https://www.sashares.co.za/high-leverage-forex-brokers/#gs.5tnjxc

Top 5 Forex Brokers

1

Broker

Minimum Deposit

USD 100

REGULATED BY

Trading Desk Type

Market Maker

Tickmill has one of the lowest forex commission among brokers.

Trading Conditions

4.7/5

Trading Conditions

  • MT4
  • MT5

🥇
Rank #1

2

Broker

Minimum Deposit

USD 1

REGULATED BY

Trading Desk Type

Market Maker

The majority of the methods do not incur any fees. Their processing times are quick.

Trading Conditions

4.5/5

Trading Conditions

  • MT4
  • MT5

🥈
Rank #2

3

Broker

fb

Minimum Deposit

USD 1

REGULATED BY

Trading Desk Type

Market Maker

FBS has received more than 40 global awards for various categories

Trading Conditions

4.5/5

Trading Conditions

  • MT4
  • MT5

🥉
Rank #3

4

Broker

Xm.com-Logo-1-1024x514

Minimum Deposit

USD 5

REGULATED BY

Trading Desk Type

Market Maker

MetaTrader platform with low trading fees

Trading Conditions

4.5/5

Trading Conditions

  • MT4
  • MT5

Rank #4

5

Broker

avatrade_hori

Minimum Deposit

USD 100

REGULATED BY

Trading Desk Type

Market Maker

High Bonuses, Now with Extra-Low Spreads

Trading Conditions

4.7/5

Trading Conditions

  • MT4
  • MT5

Rank #5

1

$30 Welcome Account

4.8/5

User Score

2

justforex_white_logo

Quick processing times

4.5/5

User Score

3

A review about FBS

$100 Sign Up Bonus

4.7/5

User Score

4

50% Deposit Bonus up to $5000

4.8/5

User Score

5

World Class Customer Support

4.7/5

User Score

What leverage is best for a beginner?
It would be best to start low, etc. 1:50 – 1:100 max

What is the best leverage to use in forex?

It actually depends on the capital that is owned by the traders – 1:100 to 1:200 is said to be best

Why is leverage dangerous?

It is believed that it intensifies the profit or loss that a trader can make.

What does leverage of 1 500 mean?

It means that the broker loans the trader $99 for every dollar that he deposits, thus increasing his buying power with 100 times.

Does leverage increase profit?

It can.



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