Leverage is a trader's "helper" in "lifting" their trading power. As such, high leverage means traders only need to put down a small amount of capital as "collateral" so they can open more positions with larger lot sizes. Meanwhile, small leverage means the number of positions and lots that can be opened will be smaller too. In addition, high leverage will allow traders to float their positions for a longer time. Therefore, high leverage is sought after by traders with limited capital who aim to quickly earn huge profits.
There are actually many brokers who offer high leverage for risk-takers, up to 1:1000 or even more. Among them are the following brokers:
FBS
FBS Broker facilitates forex trading with leverage up to 1:3000. So, traders who want to use leverage of 1:1000 can be well accommodated at this broker. To accompany the feature, FBS requires a minimum deposit of $5 and floating spreads starting from 0.7 pips. There is no trading commission applied, so traders do not need to worry about additional costs other than the spread. Another striking advantage of FB is the STP market execution starting from 0.01 seconds. This would enable traders to execute orders without latency or regardless of their strategy.
Exness
For traders who are not satisfied with leverage up to 1:1000, Exness provides leverage up to 1:Unlimited in all account types. Traders who register with Exness will be able to trade with a minimum lot of 0.01, floating spreads starting from 0.3 pips, and commission-free trading on Standard accounts. Of course, you need to remember that if you want to use that amount of leverage, you must first ensure that your money management and emotions are well controlled.
IC Markets
Even though it is based in Australia, IC Markets has global services that allow the company to offer high leverage of up to 1:1000. On the official website, the broker explains that IC Markets Global is under Raw Trading Ltd, which is regulated by Seychelles FSA. For this reason, there are no leverage limits to worry about. Traders can get leverage of 1:1000 on all types of IC Markets Global accounts: cTrader, Raw Spread, and Standard. This broker also does not limit the use of high leverage to professional clients only, so all types of traders can trade with the maximum leverage offered.
FXTM
Another broker that has no qualms about providing 1:1000 leverage is FXTM, also known as ForexTime. Even though it is based in Europe, the CySEC-regulated broker can even offer a maximum leverage of 1:2000.
Traders who join FXTM can trade with more than 100 different types of instruments, including major, minor, and exotic forex pairs; gold and silver; CFDs on individual shares, ETFs, commodity futures, and stock indices. With a minimum deposit of $500, traders will also be able to trade as small as 0.01 lot, provided with floating spreads from 0 pips and an unlimited number of orders. However, it should be noted that this broker applies floating leverage so the level can be adjusted automatically in accordance with the account balance. This is implemented to protect client's funds from high fluctuation risks.
InstaForex
Aside from being famous as one of the forex icons in Russia and Southeast Asia, InstaForex is also widely sought after thanks to its leverage offer of up to 1:1000, $1 minimum deposit, as well as micro and nano lots trading through its cent accounts. Needless to say, InstaForex features are considered attractive by all kinds of traders, from beginners to EA users.
Furthermore, InstaForex continues to develop its products to include ForexCopy, PAMM, and cryptocurrency trading.
FirewoodFX
FirewoodFX is a broker founded in 2014. The company directly focused on the Asian market upon its establishment. FirewoodFX implements various user-friendly services such as deposit and withdrawal via local exchangers and fixed exchange rates. STP trading with leverage up to 1:1000 is available in FirewoodFX with fixed spreads on Micro and Standard accounts. That is to meet the needs of traders who want to protect themselves against the risk of spread widening during high volatility.
Trading Tips with High Leverage
Regardless of which broker you choose, you need to be aware that there are big risks behind high leverage.
If so, then why do so many brokers offer it and so many people still deliberately look for it? Some argue that high leverage will only be a risk if a trader does not understand proper money management and does not know the implications of high leverage itself. In other words, there is no problem using high leverage, as long as you can trade without getting carried away by emotions, don't over-trade, and can manage your money well.
With a good strategy, high leverage can reportedly provide high profits too. For example, leverage of up to 1:1000 allows you to open 20 trading positions at 0.01 lots and 100 pipette stop losses with only $500. This allows you to take more trading opportunities and diversify the pairs traded. In this example, you will have the power to allow 20 positions afloat until they reach the expected target.