With a trading volume of $5 trillion, the Forex market is not only one of the largest markets in the world, but also one of the most liquid ones. The liquidity, large market size and other additional facilities like the availability of high leverage has made it one of the most attractive markets in the world for individuals as well as institutional investors. Traditionally, brokers that offer high leverage are very tempting for rookie traders. This is due to the fact that there are no minimum deposit requirements when it comes to high leverage. Even if there is a requirement, it is usually a symbolic one because it can be paid by everyone easily.
Therefore, the easiness and simplicity of accessing the interbank market can undoubtedly attract traders, but they should bear in mind that high leverage itself means higher risk. This is due to the fact that you might end up consuming all the funds in your account if anything goes wrong with a trade. This is one of the top reasons that some regulations relating to leverage have been introduced. The American CFTC introduced a limit on the leverage provided to Forex traders in 2010, which is around 1:50. In August 2018, ESMA Europe also decided to take the same route and introduced a leverage limit of about 1:30.
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However, there is no need for traders to panic because they can still find a number of forex brokers who can offer them leverage as high as 1:3000. Sure, there are risks associated with leverage and the higher it is, the more the risk. However, it is also essential to remember that if the trade goes in your favor, this leverage can also provide you with a ton of benefits. Your investment can double in a very short period of time and you can enjoy huge returns. But, this can only happen if you select the right forex broker.
If you are interested in finding a broker that can offer you high leverage in 2019, here are some of the top options that you can explore for this purpose:
- FBS
One of the major forex brokers in the market is none other than FBS and it can offer you the high leverage you desire. The broker is currently serving clients in more than one hundred countries all over the globe. FBS was incorporated in Belize and its headquarters are located in Belmopan, Belize. When you sign up with this broker, you will discover that it provides trading conditions for different kinds of traders. It doesn’t matter whether you are a swing trader, an investor, scalper or anyone else; you can easily use FBS’s services for meeting your needs.
Another advantage of the broker is that it is not a scam since it is thoroughly regulated. It operates under the authorization of both the IFSC and CySEC. The broker is concerned an ECN broker or Market Maker. As far as leverage is concerned, traders will be happy to know that the broker allows them to enjoy high leverage of around 1:3000. Moreover, not only can you use their services for trading in the currency market, but FBS also empowers you to trade other instruments as well, which include CFDs on oil and precious metals as well as futures.
When it comes to the trading platform, the broker has kept up with the trends in the market. Signing up on FBS gives you the opportunity of trading via the popular MT4 or MT5 trading platforms, which are equipped with a variety of trading tools that can be very useful. The platforms are also very powerful and can help you enjoy a smooth and hassle free trading experience. You can use them for Windows, Android, iOS and webtrader too.
Creating an account on FBS is also very easy and you also have the option of signing up for a demo account if you just want to try their services. If you are satisfied, you can open an actual account to get started. The good thing is that the minimum deposit requirement is just $1, which means you will not have any problem in getting started right away.
- HotForex
Another leading Forex broker in the market is none other than HotForex, which has its headquarters located in Cyprus. The broker is well recognized for offering very high leverages to its customers and it enjoys an international market presence. HotForex has become a global provider of CFD trading and the broker prides itself as offering customers a unique trading experience and fulfilling any other need they may have during their trading journey. It is a market maker and offers traders the opportunity to use multiple trading platforms.
With HotForex, one can get access to HF Markets MT4 Terminal, HF Markets iPhone Trader, HF Markets iPad Trader, HF Markets Multiterminal, HF Markets Android and Meta Trader 4 Webterminal. You can decide whether you wish to use the desktop version, the web version or the mobile counterpart, depending on ease of use and convenience. One of the best things about HotForex is that it is regulated in several international markets; the CySEC regulates it in Europe, the FCA in the UK, the FSA in Seychelles, the DFSA and the FSCA.
Other than forex currency pairs, the brokers also offers the option of investing in cryptocurrencies, commodities, shares, energies, indices and plenty of other instruments. There is essentially no minimum deposit requirement for creating an account with HotForex as you can get started with as little as $5. This means that traders can make an account with the broker, even if they are new in the market. A demo account option can also be availed for practice purposes and once you have gotten the hang of the market, you can sign up for an actual account.
As far as leverage is concerned, HotForex does really offer you high leverage, which is about 1:1000. This is considerably more than what some other brokers have to offer, which makes it a very attractive option if you are looking for greater liquidity and leverage during foreign currency trading.
- OctaFX
Focused on the Asian market, another one of the brokers known for offering high leverage to traders is OctaFX. Even though the broker was incorporated in St. Vincent and the Grenadines, the broker is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The broker has been carrying out its operations since 2011 and offers a wide array of trading accounts to the traders who sign up on it. It also offers some unique features, such as copy trading. The parent company, Octa Markets Incorporated, is regulated by the FSA. Along with high leverage, which is about 1:500, OctaFX has become one of the top brokers because it charges very low fees and it offers even lower spreads, which are between the ranges of 0.4 to 0.6 pips.
Copy trading is a plus because it allows traders to make better and more informed transactions as they are able to copy more experienced traders and can learn from them. In order to begin trading, you first need to create an account with the broker for which you just need to deposit $5. Next, you have to choose the best trading platform for your needs. Here, OctaFX has offered you plenty of options, such as MT4, which includes its desktop, web and mobile platform for both iOS and Android. Next, there is also the MT5, which also includes desktop, web and mobile version for both Android and iOS. Lastly, cTrader is available for desktop and iOS and Android smartphones and tablets.
You can find these trading platforms in more than 10 languages and a minimum deposit of $5 is enough to get you started. You also get a 50% bonus on your first deposited amount. The OctaFX has a one-click trading feature, which can be immensely useful because it allows you to trade all the popular currency pairs very quickly through the operator. Other than copy trading, the broker also offers you other advantages, such as constant trading signals and daily market outlook.
For anyone who is looking for a high leverage broker, OctaFX is a comprehensive option because it has plenty of other features to offer, along with the leverage you want. The good thing about the broker is that it doesn’t charge you any fee for deposits and withdrawal, which allows you to keep your costs at a minimum when you are trading. Not only is it FCA regulated, but it also provides its traders with access to extensive educational material. Other than the forex market, the broker also allows you to invest in commodities, indices and cryptocurrency.
These are the top three brokers that offer you the highest leverage in the market. You can sign up with any of these brokers, depending on which one offers you the features you are interested in. These are comprehensive trading solutions that can be used for increasing your returns.
