Best High Leverage Forex Brokers
Currency traders have several benefits over other types of securities traders. The market remains open 24 hours a day 5 days a week, and the commissions and minimum deposit requirements of forex brokers are relatively lower. But the greatest advantage is leverage. You don’t require a big infusion of funds to start a career as a forex trader, simply the correct tools and a good broker. So here are some best forex brokers that offer high leverage to traders:
FinPro Trading offers leverage of 1:500. The value of leverage is stated as a ratio, for example, 100:1, 200:1, or 500:1. Supposing that in a trading account, a trader has $1 000 and is trading ticket sizes of around 200 000 USD/JPY, that leverage will equalize to 200:1. Another advantage with FinPro Trading is that it provides a 100% deposit bonus.
FxGlory offers 1:3000 leverage and does not charge any account deposits and withdrawal fees. They offer a 50% deposit bonus and have $1 as their minimum balance requirement.
EagleFX takes a minimum opening deposit of $10 for Bitcoin and $50 for a credit or debit card. It offers leverage up to 1:500 for forex, and charges a $6 commission rate.
Another broker that needs to come into the limelight for offering high leverage to traders is JustForex. It provides its clients to trade on leverage up to 1:3000. They offer low spreads and a wide range of assets to invest in.
These are some high leverage forex brokers, but you are advised to look into all the parameters of a broker before you start using them. Also, use leverage with a strong risk management plan in place.
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