Master, EXNESS broker that offers a leverage of 1:2000 and very competitive spread, what is its reputation, is it already known and safe, besides EXNESS broker which other broker also has a leverage of 1:2000 or close to that amount.
Leverage is like borrowing money from a bank to start a business/shop with very high interest rates. When your business profits, you can instantly become rich, but if your business fails, you will not be able to pay off the debt and may be prepared to face legal proceedings, at worst it could end in jail. This understanding is the same as Trading in forex. Many forex brokers emphasize in their advertisements that they offer leverage of 1:1000 or even 1:2000 as a beneficial facility, but do you know that they only want you to trade by borrowing money from them/leverage and trading more often so that the broker's profit is higher?
There are good and bad effects in the Leverage we choose. therefore you must be careful in choosing this leverage. You can try it on a demo account by choosing a certain leverage and you can compare how much margin is used
another broker that offers high leverage is Insta forex. by offering leverage of 1:1000
happy trying.