The Top 10 Best High Leverage Forex Brokers revealed. We have rated and reviewed the best Forex brokers that offer high leverage.
This is a complete listing of The 10 Best High Leverage Forex Brokers in South Africa. In this in-depth write-up, you will learn:
- Who is the Best High Leverage Broker suited to Beginner Traders?
- Pros and Cons of High Leverage Trading.
- High-Risk Trading and How Trading Forex Works.
- High Leverage Factors – Explained.
- Things to consider before trading high leverage.
- Best highest leverage brokers from 1:500, 1:3000, 1:5000 and 1:10 000
- Our recommended High Leverage broker on MT4 and MT5.
And much, much more!
Best High Leverage Forex Brokers – A Comparison
🔎 Broker | 🚀 Open an Account | 📈 High Leverage | 💰 Minimum Deposit | 📈 Leverage |
🥇 AvaTrade | 👉 Open Account | Yes | $100 USD / R 1733 | 1:400 |
🥈 XM | 👉 Open Account | Yes | $5 USD / R 86 | 1:1000 |
🥉 Saxo Bank | 👉 Open Account | Yes | $0 USD / R 0 | 1:30 |
🏅 Exness | 👉 Open Account | Yes | $10 USD / R 173 | 1:1000 |
📌 easyMarkets | 👉 Open Account | Yes | $100 USD / R 1733 | 1:2000 |
📍 IG | 👉 Open Account | Yes | $0 USD / R 0 | 200:1 |
📌 GO Markets | 👉 Open Account | Yes | $200 USD / R 3466 | 500:1 |
📍 Alpari | 👉 Open Account | Yes | $100 USD / R 1733 | 1:50 |
📌 FXTM | 👉 Open Account | Yes | $10 USD / R 173 | 1:2000 |
📍 FP Markets | 👉 Open Account | Yes | $100 USD / R 1733 | 500:1 |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
High Leverage – A Definition
Leverage is borrowed funds used to increase an investor’s trading position beyond what would be available from their cash balance alone. In Forex, leverage is used to invest in a currency, stock, or security.
10 Best High Leverage Brokers (2025*)
- ☑️AvaTrade – Overall, the Best High Leverage Broker
- ☑️XM – MT4 High Leverage Broker operating in South Africa.
- ☑️Saxo Bank – High Trader Trust Score 90/100.
- ☑️Exness – Leverage Offered on All Supported Markets.
- ☑️easyMarkets – Globally Regulated Forex Trading Broker.
- ☑️IG – Offers A High Leverage Ratio for all traders.
- ☑️GO Markets – User-friendly High Leverage Broker.
- ☑️Alpari – Top-ranking High Leverage Trading Platform.
- ☑️FXTM – Highest Leverage For All Traders.
- ☑️FP Markets – Best High Leverage Broker with Low Spreads.
1. AvaTrade
Avatrade is a safe and trustworthy broker with a user-friendly copy trading platform. It is licensed by the FSCA, offers 0% commission on trades, and has an overall trust rating of 94 out of 99.
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
AvaTrade makes leverage available up to 1:400. Furthermore, AvaTrade offers a beginner guide to leverage trading that covers important points such as:
🗃Category | 🔖Details |
📈Maximum Leverage | Up to 1:400 for Forex trading |
💱Asset Classes | Forex, CFDs (indices, commodities, stocks) |
🏛️Regulation Compliance | Limited to 1:30 in regulated regions (e.g., EU, UK) |
💡Target Audience | Suitable for experienced traders in non-restricted regions |
⚠️Risk Level | High, especially with 1:400 leverage |
💻Trading Platforms | Available on MetaTrader 4, MetaTrader 5, AvaTradeGO |
👥Account Types Offering | Available on Retail, Professional Accounts |
📚Conditions | Requires responsible risk management |
🌏Prominent Regions | Asia, Middle East, and some African countries |
🏆Conclusion | A strong choice for traders seeking flexibility outside regulated leverage limits |
Featured
Category | Details |
Company Information | |
🏷️Company Name | AvaTrade |
📍Headquarters Location | Dublin, Ireland |
📅Year Established | 2006 |
👤CEO/Founder | Dáire Ferguson |
🌐Global Offices | Over 15 offices worldwide, including Japan, Australia, and South Africa |
🔖Licensing Body | Central Bank of Ireland, ASIC, FSA (Japan), FSCA (South Africa), ADGM (UAE) |
👥Group Companies | Ava Capital Markets, AvaTrade EU, AvaTrade Japan, AvaTrade Middle East |
🏛️Business Model | Market Maker |
🌍Operational Languages | Over 20 languages, including English, Spanish, French, and Arabic |
🏆Awards & Recognitions | Best Broker 2023, Best Trading App 2022, among others |
Regulation and Security | |
🛡️Regulation | CBI, BVI FSC, ASIC, FSCA, ADGM, FRSA, ISA |
✔️Compliance Standards | Adheres to MiFID II, ASIC regulations, and other regional compliance standards |
💼Client Fund Segregation | Yes, client funds are held in segregated accounts |
🪫Negative balance protection | Yes, ensuring traders cannot lose more than their account balance |
🕵️♂️Financial Conduct Oversight | Regular audits and monitoring by respective regulatory bodies |
💰Insurance Coverage | Professional indemnity insurance in line with regulatory requirements |
📋AML & KYC Policy | Strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies |
🔒Security of Trading Platform | Advanced SSL encryption, two-factor authentication (2FA), and secure servers |
🛡️Investor Compensation Fund | Member of investor compensation schemes depending on regional regulations |
🖥️Cybersecurity Measures | Robust firewalls, regular penetration testing, and secure backups |
Account Types and Features | |
⚙️Standard Account | Yes, available with competitive features |
📊ECN Account | No, AvaTrade does not offer an ECN account |
🌙Islamic Account | Yes, swap-free accounts are available for Muslim traders |
🎮Demo Account | Yes, a free demo account is available with virtual funds |
👑VIP Account | Yes, available for high-net-worth traders with enhanced features |
💵Minimum Deposit | $100 / R1806 |
💱Base Currencies | USD, EUR, GBP, AUD, and others depending on the region |
⚖️Leverage Options | Up to 1:400 (varies based on region and asset class) |
📈Spreads (Fixed/Variable) | Fixed spreads EUR/USD starts at 0.9 pips |
🔄Swap-Free Accounts | Yes, available for Islamic accounts |
🌐Account Currency Conversion | Yes, account currencies can be converted during setup |
🚨Margin Call Level | 50% |
❌Stop-Out Level | 20% |
🔄Hedging Allowed | Yes |
⚡Scalping Allowed | No, scalping is not permitted under AvaTrade’s policies |
🔁Copy Trading Support | Yes, through integration with ZuluTrade and DupliTrade |
👥Social Trading Features | Yes, via third-party platforms |
💼Managed Accounts | No, AvaTrade does not offer managed accounts |
Trading Conditions | |
🔍Average Spreads | EUR/USD starts from 0.9 pips (fixed spreads) |
💲Commissions per Trade | None, spreads only |
🔢Leverage Range | Up to 1:400 |
🚀Execution Speed | Ultra-fast execution |
📊Order Execution Type | Market execution |
🔄Slippage Policy | Minimal slippage, detailed in terms |
📏Margin requirements | Varies by asset class |
⏹️Stop-Loss and Take-Profit Orders | Yes |
🔁Trailing Stops | Yes |
🕑Pending Orders | Yes |
🔽Partial Fills | Yes |
🧾Dividend Adjustments | Yes |
🌙Overnight Swap Fees | Applicable, waived for Islamic accounts |
📆Rollover Policy | Follows market standards |
🛑Guaranteed Stop Loss | Yes, for specific instruments |
Trading Instruments | |
💹Forex Currency Pairs | 55+ pairs, including majors, minors, and exotics |
🪙Precious Metals (Gold/Silver) | Yes |
📈Indices | Yes |
🌾Commodities | Yes, including soft commodities |
⛽Energies (Oil/Natural Gas) | Yes |
₿Cryptocurrencies | Yes (via platforms and email) |
📉Stocks | Yes, global stocks available |
🗂️ETFs | Yes |
🏛️Bonds | No |
📜Futures Contracts | No |
🛡️Options Contracts | Yes |
⚖️CFDs (Contracts for Difference) | Yes |
🔣Swap on Trading Board | Yes |
🔀Leveraged Instruments | Yes, leverage up to 1:400 |
🎯Micro-Lot Trading | Yes |
💸Spread Betting | Yes, available in some regions |
🧺Currency Baskets | No |
Deposits and Withdrawals | |
💳Deposit Methods | Credit/Debit Cards, Bank Wire Transfer, E-Wallets (Skrill, Neteller), Local Payment Methods |
💵Withdrawal Methods | Credit/Debit Cards, Bank Wire Transfer, E-Wallets (Skrill, Neteller) |
⏱️Processing Time for Deposits | YesInstant for most methods, 1-3 business days for bank transfers |
🕒Processing Time for Withdrawals | 24-48 hours for most methods, up to 5 business days for bank transfers |
🚫Deposit Fees | No |
💵Withdrawal Fees | No |
🔢Minimum Deposit Amount | $100 |
📉Minimum Withdrawal Amount | $100 (may vary by method) |
🚪Maximum Withdrawal Limit | No specific limit, subject to account balance |
💱Supported Currencies | USD, EUR, GBP, AUD, and more |
₿Crypto Deposits & Withdrawals | Not supported |
🏦Bank Wire Transfers | Supported |
💳Credit/Debit Cards | Supported |
📲E-Wallets (Skrill, Neteller, etc.) | Supported |
🏘️Local Payment Methods | Supported (varies by region) |
Trading Platforms and Tools | |
💻MetaTrader 4 (MT4) | Yes, fully supported |
👩💻MetaTrader 5 (MT5) | Yes, available for advanced trading |
🖥️Proprietary Platform | Yes, AvaTradeGo and WebTrader |
📱Mobile Trading App | Yes, AvaTradeGo offers comprehensive mobile trading |
🌐Web-Based Platform | Yes, WebTrader is available |
🤖Trading Bots | Yes, compatible with EAs (Expert Advisors) |
🖧VPS Services | Available upon request |
🔌API Connectivity | No |
📉Charting Tools | Advanced charting tools are available |
🧮Custom Indicators | Supported via MT4/MT5 |
🧠Market Sentiment Analysis | Yes, integrated into platforms |
📩Trading Signals | Yes, via partnerships with Trading Central |
🏷️Advanced Order Types | Yes, including stop orders and limit orders |
⚠️Risk Management Tools | Yes, includes guaranteed stop-loss and negative balance protection |
📅Economic Calendar | Yes, provided within the platform |
📰Market News Feed | Yes, updated in real-time |
Customer Support | |
📞Support Channels | Live Chat, Email, Phone, FAQ/Help Center |
🗨️Live Chat Availability | 24/5 |
📧Email Support | Available |
📱Phone Support | Available |
🌍Multilingual Support | Yes, supports multiple languages |
❓Help Center/FAQ | Comprehensive Help Center and FAQs |
👨💼Dedicated Account Manager | Available for premium accounts |
⏲️Response Time (Live Chat) | Within a few minutes |
🕒Response Time (Email) | 24-48 hours |
⭐Support Rating | High-rated for responsiveness and efficiency |
Educational Resources and Support | |
🎥Webinars | Regular webinars on various trading topics |
🏫Seminars | Available in selected locations |
📖Trading Tutorials | Comprehensive beginner and advanced tutorials |
📊Market Analysis Reports | Daily and weekly market analysis reports |
📚E-Books | Various e-books covering different aspects of trading |
🎬Video Library | Extensive library with video tutorials |
📜Glossary | Detailed glossary of trading terms |
❔FAQs | Frequently Asked Questions section covering general and account-related inquiries |
🆕Beginner Guides | Step-by-step beginner guides to help new traders |
🚀Advanced Trading Strategies | In-depth strategies for experienced traders to enhance trading skills |
Partnerships and Programs | |
📋IB Program | Yes |
🪪Affiliate program? | Commission-based program for affiliates promoting AvaTrade |
🏷️White Label Solutions | Customized solutions for financial institutions and brokers to offer AvaTrade's services under their brand |
🎁Partnership Rewards | Rewards and bonuses for partners based on performance and business growth |
🏛️Institutional Solutions | Tailored solutions for financial institutions, including liquidity services |
🔌API Partnership | AvaTrade offers API access for integrating their trading services into third-party platforms |
🤝Referral Program | Incentives for clients who refer new traders to AvaTrade |
Fees & Charges | |
💳Deposit Fees | No deposit fees for most methods |
📤Withdrawal Fees | No withdrawal fees for most methods |
💤Inactivity Fee | Inactivity fee of $50/month after 3 months of no trading activity |
🌜Overnight Fees (Swaps) | Charges/credits depend on the position, asset class, and market conditions |
💱Conversion Fees | Conversion fees apply when depositing or withdrawing in a different currency than the account's base currency |
💰Commission on Trades | No commission for standard accounts, but commissions may apply for certain account types like ECN accounts |
Market Research Tools | AvaTrade offers an economic calendar with key financial events and news updates. |
📅Economic Calendar | AvaTrade offers an economic calendar with key financial events and news updates. |
📰Market News | AvaTrade provides real-time market news from leading financial sources. |
📩Trading Signals | AvaTrade offers trading signals through third-party providers and on its platform. |
🔧Technical Analysis Tools | AvaTrade includes charting tools, technical indicators, and analysis features. |
💭Sentiment Analysis | AvaTrade provides sentiment indicators, showing the market mood and trends. |
Additional Features | |
👥PAMM/MAM Accounts | AvaTrade offers PAMM (Percentage Allocation Management Module) and MAM (Multi-Account Manager) accounts for fund managers and clients. |
🔗Social Trading Platform | AvaTrade provides a social trading platform allowing users to follow and copy trades of others. |
🏆Trading Competitions | AvaTrade hosts periodic trading competitions with cash prizes and other rewards. |
🎁Loyalty Rewards | AvaTrade has a loyalty program offering benefits such as bonuses and other perks for active traders. |
👑Exclusive VIP Perks | AvaTrade offers VIP clients exclusive services like personalized account management and special offers. |
Promotions & Bonuses | |
🎁Welcome Bonus | AvaTrade offers a welcome bonus to new clients upon opening and funding their accounts. |
💵Deposit Bonus | AvaTrade may offer deposit bonuses, providing additional trading funds on qualifying deposits. |
🏅Trading Contests | AvaTrade organizes trading contests, where participants can win prizes based on their trading performance. |
🌟Seasonal Promotions | AvaTrade runs seasonal promotions throughout the year, offering special deals and bonuses. |
🎖️Loyalty Programs | AvaTrade offers loyalty programs that reward clients for their continued trading activity with perks and bonuses. |
User Experience & Reviews | |
🖥️User Interface Quality | AvaTrade’s platform offers a clean and intuitive interface, designed for both beginner and experienced traders. |
🔒Platform Stability | AvaTrade’s platform is known for its stability, with minimal downtime and robust performance under various market conditions. |
📱Mobile App Reviews | The mobile app receives positive reviews for its ease of use, offering a wide range of features similar to the desktop platform. |
⭐Overall User Rating | AvaTrade generally holds a solid rating from users, with many praising its comprehensive offerings and user-friendly interface. |
🌟Trustpilot Rating | AvaTrade maintains a strong Trustpilot rating, with many clients expressing satisfaction with their services. |
😟Common Complaints | Common complaints include slow customer support response times and occasional withdrawal issues. |
Mobile | |
📱Mobile App Name | AvaTradeGO |
🛠️Developer | AvaTrade Ltd. |
📅Release Year | 2019 |
💻OS Compatibility | iOS, Android |
🌐Languages Supported | English, French, Spanish, Italian, Arabic, Portuguese, and others |
📈Trading Instruments | Forex, CFDs, Commodities, Stocks, Indices, Cryptocurrencies |
🔄Real-Time Data | Yes, with live market data and updates |
🛠️Charting Tools | Advanced charting tools with technical analysis indicators |
📊Order Types Supported | Market Orders, Limit Orders, Stop Orders, OCO, Trailing Stop |
🚀Order Execution Speed | Fast, near-instant execution on mobile |
🔔Custom Alerts | Yes, users can set price alerts and notifications |
🤝Beginner-Friendly | Yes, the app is designed with simplicity and ease of use |
🔐Security Features | Two-factor authentication (2FA), encryption |
🖥️Synchronization | Syncs across all devices (mobile and desktop) |
💰Deposit and Withdrawal | Yes, mobile deposits and withdrawals are supported |
📝Account Types Accessible | All account types available, including demo accounts |
🔄Switch Accounts | Yes, users can switch between accounts easily |
💬In-App Support | Live chat support available within the app |
📚Educational Resources | Access to tutorials, webinars, and market analysis |
🎯Watchlist | Yes, users can create and manage a personalized watchlist |
🌙Dark Mode | Yes, the app supports dark mode for better visibility |
🌐Social Trading | Yes, users can engage in social trading within the app |
AI Trading Resources | |
🤖AI Integration | AvaTrade offers AI-powered trading tools, integrated into the platform |
📊Data Analysis | Yes, AI-driven data analysis for enhanced decision-making |
📈Predictive Analytics | Yes, predictive tools are available to anticipate market trends |
🛠️Customizable Strategies | Yes, users can customize their trading strategies using AI tools |
📉Risk Management Tools | Advanced AI tools to assess and manage trading risks |
🧑🏫Trading Insights | AI-based insights and recommendations for optimal trades |
🚀Execution Optimization | AI-driven algorithms that optimize order execution speed |
🔄Portfolio Rebalancing | Yes, AI can assist in portfolio rebalancing based on market changes |
📚AI Tutorials | Available educational resources on how to use AI tools in trading |
🎥Video Demonstrations | Yes, video tutorials explaining how to use AI features |
🧑🤝🧑Webinars | Yes, webinars are available to discuss AI trading strategies |
🔍AI-Powered Search | Yes, search tools are enhanced with AI to provide more accurate results |
🌟Beginner-Friendly | Yes, AI tools are designed to be accessible for beginners |
🖥️Platform Availability | Available on both desktop and mobile platforms |
📈Backtesting Capability | Yes, users can backtest strategies using historical data |
🛠️Strategy Builder | Yes, users can build and customize their own AI-driven strategies |
🔔Alerts and Notifications | Yes, AI-powered alerts for market events and strategy changes |
🔒Data Protection | Strong encryption and data protection measures in place |
👁Transparency | Full transparency on how AI algorithms work and make decisions |
Social Media Platformst | |
AvaTrade is active on Facebook, providing updates, news, and promotions. |
|
AvaTrade uses Instagram to share educational content, market analysis, and trading tips. |
|
AvaTrade regularly tweets market insights, promotions, and company news. | |
AvaTrade maintains a professional LinkedIn presence, sharing company updates and industry news. | |
🎥YouTube | AvaTrade's YouTube channel features tutorials, webinars, market updates, and promotional content. |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Wide range of CFDs assets to trade - 1000+ | You can’t buy stock or cryptocurrency |
Worldwide regulated | Cryptocurrency deposit is not accepted |
Award winner | Quarterly and annual inactivity fees |
Multiple platform – MT4, MT5, etc | Costumer support is not available 24/7 |
Negative balance protection | No bonus for EU based clients |
AvaTrade Spider Chart
Here’s a possible rating breakdown for AvaTrade, on a scale of 1 to 10:
Minimum Deposit: 7/10
Account Types: 8/10
Platforms: 9/10
Our Findings
AvaTrade offers competitive leverage options, which can appeal to experienced traders looking to maximize their trading potential.
2. XM
Overall, XM is considered a trustworthy and safe broker with average risk and spreads as low as 0.6 pips. XM has an above-average trust score of 84 out of 99. XM is not publicly traded but authorized by two tier-1 regulators (high trust). Best of all, XM is available in 40+ languages.
Min Deposit USD 5 Regulators FSC, CySEC, ASIC, Trading Platform MT4, MT5
Depending on the XM account type a trader can open, they can choose the leverage from 1:1 to 1000:1.
🗃Category | 🔖Details |
📈Maximum Leverage | Up to 1:1000 for Forex trading |
💱Asset Classes | Forex, CFDs (commodities, stocks, indices) |
🏛️Regulation Compliance | Limited to 1:30 in regulated regions (EU, UK, Australia) |
💡Target Audience | Suitable for global traders seeking high leverage options |
⚠️Risk Level | Very high, especially with 1:1000 leverage |
💻Trading Platforms | MetaTrader 4, MetaTrader 5 |
👥Account Types Offering | Available on Micro, Standard, and Ultra Low accounts |
📚Conditions | Not available for clients in regulated jurisdictions |
🌏Prominent Regions | Asia, Africa, Middle East, Latin America |
🏆Conclusion | XM is ideal for experienced traders in non-regulated regions seeking ultra-high leverage |
Featured
Company Information | |
📅Year Founded | 2009 |
🧑🏻💻Amount of staff | 450+ |
👩💻Amount of active traders | Over 5 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | IFSC, FCA, CySEC, ASIC, CMA |
🌎Country of regulation | Australia, Cyprus, Belize |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | ICF (Investor Compensation Fund) |
Account Types and Features | |
➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, AUD, ZAR |
💰Minimum Deposit | $5 / R89 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | None |
📊Spreads from | 0.6 pips |
💸Commissions | None |
💱Number of base currencies supported | 11 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 1:1000 |
📏Margin requirements | Varies by asset and region |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.01 seconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 1,000+ |
🗠CFD Stock Indices | 30+ |
⚖️CFD Commodities | 15+ |
📜CFD Shares | 1,200+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MT4, MT5, XM WebTrader |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Trading signals, indicators, VPS |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@xm.com |
📞Customer Support Contact Number | +357 25029933 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | 25+ |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes (in multiple languages) |
📚Educational Resources | Articles, tutorials, videos, webinars |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 5,000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Fast digital account opening | Account types vary according to jurisdiction |
XM Spider Chart
Based on available information, here’s a rating breakdown for XM on a scale of 1 to 10:
- Minimum Deposit: 9/10
- Account Types: 8/10
- Platforms: 7/10
Our Findings
XM offers flexible leverage options, going up to 1000:1 for smaller accounts. This high leverage is designed to appeal to more experienced traders who are comfortable with the added risk.
3. Saxo Bank
Overall, Saxo Bank is a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. Saxo Bank has an overall trust score of 80 out of 99. Offers traders 60,000+ instruments on selected accounts
Min Deposit
USD 0
Regulators
FCA, FINMA, FSA, ASIC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
160+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Saxo Bank offers leverage up to 1:30. Furthermore, a course on Margin and leverage is available.
🗃Category | 🔖Details |
📈Maximum Leverage | Up to 1:50 for Forex trading |
💱Asset Classes | Forex, Stocks, CFDs, Futures, Options, Bonds |
🏛️Regulation Compliance | Strictly adheres to global regulatory standards |
💡Target Audience | Professional and institutional traders |
⚠️Risk Level | Moderate, as leverage is conservatively capped |
💻Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
👥Account Types Offering | Available on Micro, Standard, and Ultra Low accounts |
📚Conditions | Higher capital requirements focus on stability |
🌏Prominent Regions | Globally available, with strong presence in Europe |
🏆Conclusion | Saxo Bank prioritizes safety and professionalism, offering lower leverage compared to other brokers |
Featured
🔎Broker | 🥇Saxo Bank |
Company Information | |
📅Year Founded | 1992 |
🧑🏻💻Amount of staff | 2,500 |
👩💻Amount of active traders | 1,200,000+ |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FCA, Consob, Czech National Bank, Bank of the Netherlands, Monetary Authority of Singapore, FINMA, Bank of France, Central Bank of the UAE, FSA, Securities and Futures Commission of Hong Kong, ASIC |
🌎Country of regulation | Denmark, United Kingdom, Singapore, Netherlands, Hong Kong, Australia, UAE, France |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes, Saxo Bank offers negative balance protection. |
🔋Investor Protection Schemes | Yes, investor protection is available at Saxo |
Account Types and Features | |
➕Accounts | Saxo Account Joint account Corporate account Professional account Portfolio ased Margin account |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | Euro, the British pound or the Japanese yen. |
💰Minimum Deposit | $2000 USD/ R 32000 ZAR |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1 to 2 business days |
🪙Fund Withdrawal Fee | $0 |
📊Spreads from | 0.0 pips |
💸Commissions | 0.10% |
💱Number of base currencies supported | 11 Different currencies |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Max 1:3000 |
📏Margin requirements | 4% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Ultemately -fast (average under 1 second) |
📆VPS Hosting | Not offered |
Trading Instruments | |
🧾CFDs-Total Offered | Over 8,800+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank Transfer , Debit Card |
💵Withdrawal Options | Bank Transfer |
Trading Platforms and Tools | |
💻Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
👩💻OS Compatibility | Windows, Mac Web-based, Mobile (iOS & Android) |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | No, Ticket support is available |
📱Customer Support email address | digitalsalesuk@saxomarkets.com |
📞Customer Support Contact Number | tel:+44 (0)207 151 2100 |
👾Social media Platforms | Facebook, Twitter, YouTube |
🗣️Languages supported on Website | English, Polish, Russian, and more |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes, Saxo Bank provides a variety of educational resources including articles, videos, and glossaries. |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly advertised |
📋IB Program | Not offered |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, XM sponsors various events and teams |
🪙Rebate program | Yes, When you trade above the threshold on the eligible products, you will automatically earn cash rebates. |
South African Trader Specific Information | |
Does Saxo Bank Accept South African Traders? | Yes, Saxo Bank allows South African residents to open trading accounts. |
Is Saxo Bank regulated by the South African regulatory body (FSCA)? | No, Saxo Bank itself is not directly regulated by the FSCA |
Does Saxo Bank offer an Affiliate Program for South African Traders? | Yes, Saxo Bank's affiliate program is available globally, including South Africa. |
Does Saxo Bank allow opening trading accounts in ZAR (South African Rand)? | No, they don't offer ZAR accounts directly |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Great trading platform | High bond, options, and futures fees |
Outstanding research | High minimum deposit |
Broad product portfolio | Lacks live chat and 24/7 availability |
Saxo Bank Spider Chart
For Saxo Bank, I’ll use the following approximate ratings:
- Minimum Deposit: 8
- Account Types: 7
- Platforms: 9
Our Findings
Saxo Bank takes a more conservative approach to leverage than many other brokers, offering lower leverage levels, typically up to 30:1 for retail clients, in line with European regulatory guidelines.
4. Exness
Overall, Exness can be summarised as a trustworthy and regulated broker that is very competitive regarding its trading fees (against major currency pairs). The spread is also very low, and Exness offers a sign-up bonus for first-time traders.
Min Deposit USD 10 Regulators CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Trading Platform MT4, MT5, WebTerminal, Exness Terminal Crypto Yes
Exness makes access available to more than 100 Forex Pairs and offers leverage of up to 1:1000.
🗃Category | 🔖Details |
📈Maximum Leverage | Unlimited (in specific conditions) |
💱Asset Classes | Forex, CFDs (indices, stocks, cryptocurrencies, commodities) |
🏛️Regulation Compliance | Limited to 1:30 in regulated regions (EU, UK) |
💡Target Audience | Suitable for all levels of traders, especially experienced ones |
⚠️Risk Level | Extremely high, especially with unlimited leverage |
💻Trading Platforms | MetaTrader 4, MetaTrader 5 |
👥Account Types Offering | Standard, Pro, Raw Spread, Zero |
📚Conditions | Unlimited leverage requires low account equity and active trading |
🌏Prominent Regions | Asia, Middle East, Africa, Latin America |
🏆Conclusion | Exness provides unparalleled leverage options, making it ideal for traders seeking flexibility and high-risk opportunities |
Featured
🔎Broker | Exness |
Company Information | |
📅Year Founded | 2008 |
🧑🏻💻Amount of staff | Over 2,100 |
👩💻Amount of active traders | Over 320,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
🌎Country of regulation | Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | EUR/USD & USD/JPY |
💰Minimum Deposit | $10 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Instant to 1 business day |
🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
📊Spreads from | 0.3 pips |
💸Commissions | Varies by account type, often commission-free |
💱Number of base currencies supported | +40 |
🚀Swap Fees | Overnight financing fees apply |
📈Leverage | Up to 1:2000 |
📏Margin requirements | 50% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically within milliseconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 200 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
💵Withdrawal Options | Credit/Debit Cards, Bank Transfers, E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Trade |
👩💻OS Compatibility | Windows, macOS, iOS, Android |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes 24/7 |
📱Customer Support email address | support@exness.com |
📞Customer Support Contact Number | +35725030959 |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | 15 Languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 64 000 |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
🪙Rebate program | Yes |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Segregates client funds | Limited range of instruments |
Established in 2008 | Not FCA Regulated |
Exness Spider Chart
Here is the spider chart for Exness, showing ratings out of 10 for Minimum Deposit, Account Types, and Platforms. The values are:
- Minimum Deposit: 8/10
- Account Types: 7/10
- Platforms: 9/10
Our Findings
Exness is known for offering extremely high leverage options, with leverage reaching unlimited for certain accounts, depending on the trader’s experience and region.
5. easyMarkets
Overall, easyMarkets is considered low-risk, with an overall Trust Score of 89 out of 100. easyMarkets is licensed by zero tier-1 regulators (high trust) and two medium trust tier-2 regulators (ASIC and CySEC). easyMarkets offers 3 trading accounts.
Min Deposit USD 25 Regulators CySEC, ASIC, BVI, FSA, FSCA Trading Platform MT4, Proprietary Platform, MT5 and TradingView Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
easyMarkets offers traders a complete trading experience with leverage of up to 1:2000. Furthermore, an article on leverage is made available.
🗃Category | 🔖Details |
📈Maximum Leverage | Up to 1:400 for Forex trading |
💱Asset Classes | Forex, CFDs (commodities, stocks, indices, cryptocurrencies) |
🏛️Regulation Compliance | Regulated in multiple regions (ESMA limits apply in Europe) |
💡Target Audience | Retail traders seeking high leverage options |
⚠️Risk Level | High leverage increases risk |
💻Trading Platforms | easyMarkets Platform, MetaTrader 4 |
👥Account Types Offering | Standard, Premium, VIP |
📚Conditions | Leverage capped at 1:30 in regulated regions up to 1:400 in non-EU areas |
🌏Prominent Regions | Europe, Asia, Middle East, Africa, Latin America |
🏆Conclusion | easyMarkets provides flexibility with high leverage in non-regulated regions, and a focus on protection for retail traders. |
Featured
Company Information | |
📅Year Founded | 2001 |
🧑🏻💻Amount of staff | Over 300 |
👩💻Amount of active traders | Over 142,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | CySEC (Cyprus), ASIC (Australia), FSA (Seychelles) |
🌎Country of regulation | Cyprus, Australia, Seychelles |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes, through regulatory bodies |
Account Types and Features | |
💳Institutional Accounts | No |
👨💼Managed Accounts | No |
📇Minor account currencies | EUR, GBP, AUD, CAD, CHF, JPY |
💰Minimum Deposit | $100 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | None |
📊Spreads from | 0.7 pips on major currency pairs |
💸Commissions | No |
💱Number of base currencies supported | 5 (USD, EUR, GBP, AUD, JPY) |
🚀Swap Fees | No |
📈Leverage | 1:2000 |
📏Margin requirements | Variable based on asset and leverage |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Instant Execution |
📆VPS Hosting | No |
Trading Instruments | |
🧾CFDs-Total Offered | Over 200 |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, Sofort |
💵Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
Trading Platforms and Tools | |
💻Trading Platforms | easyMarkets WebTrader, MetaTrader 4, easyMarkets Mobile App |
👩💻OS Compatibility | Web-based (All major browsers), iOS, Android |
🖥️Forex trading tools | DealCancellation, Freeze Rate, Inside Viewer |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | cs@easymarkets.com |
📞Customer Support Contact Number | +357 25 828 899 |
👾Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
🗣️Languages supported on Website | English, Chinese, Arabic, Spanish, Polish, more |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Trading guides, eBooks, Video tutorials |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not publicly disclosed |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, Real Madrid Football Club (Former Sponsor) |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Segregates client funds | Doesn’t offer VPS |
Established in 2003 | Limited range of instruments |
Regulated by CySEC and ASIC | Not FCA Regulated |
easyMarkets Spider Chart
Based on available information, here are the ratings for easyMarkets on a scale of 1 to 10:
- Minimum Deposit: 8/10
- Account Types: 7/10
- Platforms: 9/10
Our Findings
easyMarkets offers relatively moderate leverage compared to some competitors, with leverage up to 400:1 on forex pairs.
6. IG
Overall, IG is a trustworthy broker that provides user-friendly trading conditions and quality educational material. It is a low-risk option that is an excellent fit for pro traders.
Min Deposit
USD 0
Regulators
FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
IG offers traders a complete trading experience with leverage of up to 200:1. Furthermore, an article on leverage and its impact of leverage on trading is made available.
🗃Category | 🔖Details |
📈Maximum Leverage | Up to 1:200 for Forex (varies by region) |
💱Asset Classes | Forex, CFDs (stocks, indices, commodities, cryptocurrencies, options) |
🏛️Regulation Compliance | Adheres to ESMA limits (1:30 in EU) and regional regulations |
💡Target Audience | Retail and professional traders globally |
⚠️Risk Level | High for non-regulated regions moderate for regulated regions |
💻Trading Platforms | IG Trading Platform, MetaTrader 4, ProRealTime |
👥Account Types Offering | Standard, Professional |
📚Conditions | High leverage available only in non-EU/UK regions regulated clients capped at 1:30 |
🌏Prominent Regions | Europe, Asia, Middle East, Africa, Australia, Latin America |
🏆Conclusion | IG balances flexibility for global traders with strict compliance in regulated markets, making it versatile for both professional and retail traders. |
Featured
🔎Broker | IG |
Company Information | |
📅Year Founded | 1974 |
🧑🏻💻Amount of staff | Over 1,000 |
👩💻Amount of active traders | Over 239,000 |
🌐Publicly Traded (Listed Company) | Yes, listed on the London Stock Exchange (LSE) |
Regulation and Security | |
🛡️Regulation | Regulated by multiple financial authorities including FCA (UK), ASIC (Australia), and others |
🌎Country of regulation | South Africa, United States, UK |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes (under FCA and ASIC regulations) |
Account Types and Features | |
➕Accounts | Institutional and Retail corporate clients |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | USD, EUR, GBP, AUD, CAD, JPY, and others |
💰Minimum Deposit | $0 USD |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-3 business days |
🪙Fund Withdrawal Fee | No |
📊Spreads from | 0.6 pips |
💸Commissions | Variable |
💱Number of base currencies supported | Over 50 |
🚀Swap Fees | Yes (varies by account type) |
📈Leverage | Up to 200:1 |
📏Margin requirements | From 0.5% for forex, 5% for shares and margin factor for indices |
☪️Islamic account (swap-free) | No |
💻Demo Account | Yes |
⌛Order Execution Time | < 1 second |
📆VPS Hosting | No |
Trading Instruments | |
🧾CFDs-Total Offered | 16000+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Bank transfer, credit/debit cards, e-wallets |
💵Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
Trading Platforms and Tools | |
💻Trading Platforms | IG Trading Platform, MetaTrader 4, |
👩💻OS Compatibility | Windows, macOS, Web, Mobile (Android, iOS) |
🖥️Forex trading tools | Trading signals, economic calendar, charting tools |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | newaccounts.za@ig.com. |
📞Customer Support Contact Number | 010 500 8624 |
👾Social media Platforms | Facebook, Twitter, |
🗣️Languages supported on Website | English, Spanish, Chinese, and others |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Trading Academy, webinars, market analysis |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not specified |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | No |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Operates under top-tier regulators (FCA, ASIC, CFTC, etc.) | Minimum deposit can be high, especially outside the UK |
Competitive spreads, especially for major pairs | Charges an inactivity fee after two years of no activity |
Offers MetaTrader 4 (MT4), ProRealTime, and its proprietary platform | Spreads can widen during volatile market conditions |
Includes Forex, stocks, indices, commodities, and cryptocurrencies | Leverage limits are lower in regions like Europe and Australia due to regulations |
Extensive library of webinars, tutorials, and market analysis | Cryptocurrency CFD trading is restricted in certain areas (like the UK) |
No minimum deposit for bank transfers in certain regions | Fees for withdrawals via PayPal and credit cards in some regions |
Provides protection against extreme market volatility | Some fees can be difficult to understand, such as financing rates and spread costs for less commonly traded instruments |
Over 45 years in the market with a solid global reputation | Lacks promotional offers like deposit bonuses or cashbacks |
24/5 customer service and support across multiple languages | Advanced features and tools may feel complex for new traders |
Offers social trading features and trading signals | Doesn't provide built-in copy trading options like some competitors |
IG Spider Chart
Based on available information, here are the ratings for IG on a scale of 1 to 10:
- Minimum Deposit: 9/10
- Account Types: 8/10
- Platforms: 9/10
Our Findings
IG offers leverage options that comply with global regulatory standards. In regions like Europe, maximum leverage for retail traders is typically capped at 30:1, which is in line with ESMA regulations.
7. GO Markets
Overall, GO Markets can be seen as a reputable and worthwhile broker that is very competitive regarding its trading fees (against major currency pairs). The spread is also very low and is considered average risk.
Min Deposit USD 200 Regulators ASIC, CySEC, FSC, FSA, SCA Trading Platform MT4, MT5 Crypto Yes Total Pairs 50+ Islamic Account No Trading Fees Low Account Activation 24 Hours
All GO Markets accounts are set up by default using a leverage rate of 100:1 (1%). According to the account balance, the client may choose a rate between 1:1 (no leverage) to a maximum of 500:1.
🗃Category | 🔖Details |
📈Maximum Leverage | Up to 1:500 for Forex trading |
💱Asset Classes | Forex, CFDs (indices, commodities, cryptocurrencies, shares) |
🏛️Regulation Compliance | 1:30 in regulated regions (ASIC, CySEC) 1:500 in global regions |
💡Target Audience | Retail and professional traders |
⚠️Risk Level | High with 1:500 leverage lower in regulated regions |
💻Trading Platforms | MetaTrader 4, MetaTrader 5 |
👥Account Types Offering | Standard, GO Plus+ |
📚Conditions | High leverage available for non-EU/AU clients with lower regulatory restrictions |
🌏Prominent Regions | Asia, Middle East, Africa, Oceania |
🏆Conclusion | GO Markets offers competitive leverage for global traders, with a strong balance of flexibility and compliance in regulated markets. |
Featured
Company Information | |
📅Year Founded | 2006 |
🧑🏻💻Amount of staff | Approximately 100+ |
👩💻Amount of active traders | Over 100,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC, CySEC, FSC, FSA, SCA |
🌎Country of regulation | Australia, Cyprus UK Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | No |
📇Minor account currencies | AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD |
💰Minimum Deposit | $200 / R3581 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-2 business days |
🪙Fund Withdrawal Fee | No |
📊Spreads from | 0.0 pips |
💸Commissions | Depends on account type |
💱Number of base currencies supported | 16 |
🚀Swap Fees | Varies by instrument and account type |
📈Leverage | Up to 500:1 |
📏Margin requirements | Varies by instrument and leverage |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | < 1 second |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 1000+ |
🗠CFD Stock Indices | Yes |
⚖️CFD Commodities | Yes |
📜CFD Shares | Yes |
Deposits and Withdrawals | |
💳Deposit Options | Mastercard Visa Skrill Neteller Bank/Wire Transfer |
💵Withdrawal Options | Mastercard Visa Skrill Neteller Bank/Wire Transfer |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, MetaTrader 5 and cTrader MetaTrader Copy Trader cTrader |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Economic calendar, trading signals, charts |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support.mu@gomarkets.com |
📞Customer Support Contact Number | +230 5869 0074 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | English, Chinese, Japanese, Thai, and others |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Trading guides, video tutorials, market analysis |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Not specified |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
🪙Rebate program | No |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Low forex fees | Limited product selection |
Fast account opening | Lacking customer support |
Educational tools | No investor protection for non-EU clients |
GO MARKETS Spider Chart
Based on available information, here are the ratings for GO MARKETS on a scale of 1 to 10:
Minimum Deposit: 7/10
Account Types: 8/10
Platforms: 9/10
Our Findings
GO Markets offers competitive leverage options, with leverage up to 500:1 for certain accounts and instruments, making it appealing to traders seeking higher market exposure.
8. Alpari
Overall, Alpari can be summarised as a credible and trusted broker that is very competitive regarding its trading fees (against major currency pairs). The spread is also very low and is considered a low-risk trading environment.
Min Deposit USD 100 Regulators FSC Trading Platform MT4, MT5 Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Alpari offers leverage up to 1:50. An Alpari Leverage, Margin, and Commission breakdown is additionally available.
🗃Category | 🔖Details |
📈Maximum Leverage | Up to 1:1000 for Forex trading |
💱Asset Classes | Forex, CFDs (indices, commodities, cryptocurrencies), Spot Metals |
🏛️Regulation Compliance | Offshore regulations no ESMA/strict limitations |
💡Target Audience | Retail traders seeking high leverage |
⚠️Risk Level | Extremely high with 1:1000 leverage |
💻Trading Platforms | MetaTrader 4, MetaTrader 5 |
👥Account Types Offering | Micro, Standard, ECN, Pro ECN |
📚Conditions | High leverage available globally limited regulation increases risk |
🌏Prominent Regions | Asia, Middle East, Africa, CIS countries |
🏆Conclusion | Alpari is ideal for traders comfortable with high risk and looking for maximum leverage flexibility, but regulatory coverage is limited.. |
Featured
🔎 Broker | 🥇Alpari |
Company Information | |
📅Year Founded | 1998 |
🧑🏻💻Amount of staff | Over 500 |
👩💻Amount of active traders | Over 1,000,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FSC |
🌎Country of regulation | Mauritius |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, ECN, Pro |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes |
📇Minor account currencies | USD, EUR, GBP, JPY, AUD, CAD, CHF, SGD, NZD, RUB |
💰Minimum Deposit | $100 / R1806 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Fast and efficient |
🪙Fund Withdrawal Fee | No Fees |
📊Spreads from | 0.1 pips |
💸Commissions | Varies based on account type |
💱Number of base currencies supported | 10+ |
🚀Swap Fees | Applicable |
📈Leverage | Up to 1:500 |
📏Margin requirements | Vary based on instrument and account type |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Fast execution |
📆VPS Hosting | Available |
Trading Instruments | |
🧾CFDs-Total Offered | 200+ |
🗠CFD Stock Indices | 20+ |
⚖️CFD Commodities | 15+ |
📜CFD Shares | 100+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/debit cards, wire transfer, e-wallets |
💵Withdrawal Options | Credit/debit cards, wire transfer, e-wallets |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4, MetaTrader 5 |
👩💻OS Compatibility | Windows, Mac, Android, iOS |
🖥️Forex trading tools | Economic calendar, charting tools, news feed |
Customer Support | |
🗣️Live chat availability | 24/5 |
📱Customer Support email address | customersuppport@alpari.org |
📞Customer Support Contact Number | +44 20 3137 5757 |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | English, Russian, Spanish, Arabic, Chinese, and more |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Articles, tutorials, guides |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 10,000 |
📋IB Program | Yes |
🪙Rebate program | Yes |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Demo Accounts and Social Trading | Limited educational resources |
Great copy trading broker | Lack of resource tools |
A diverse selection of tradeable assets | High fees |
Good support in over 30 languages | Withdrawal fees |
Alpari Spider Chart
Based on available information, here are the ratings for Alpari on a scale of 1 to 10:
Minimum Deposit: 8/10
Account Types: 7/10
Platforms: 9/10
Our Findings
Alpari is known for offering high-leverage options, with leverage increasing to 1000:1 for certain account types and instruments.
9. FXTM
Overall, FXTM can be summarised as a credible and trusted broker that is very competitive regarding its trading fees (against major currency pairs) and offers daily trading webinars. Their spread is also very low, and they are considered a low-risk trading environment. FXTM is considered safe as the FCA regulates it.
Min Deposit USD 200 Regulators FCA, FSC, FSCA Trading Platform MT4, MT5, FXTM Trader Crypto No Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
FXTM offers leverage up to 1:2000. An FXTM Leverage, Margin, and Commission breakdown is additionally available.
🗃Category | 🔖Details |
📈Maximum Leverage | Up to 1:2000 for Forex trading |
💱Asset Classes | Forex, CFDs (indices, commodities, stocks, cryptocurrencies) |
🏛️Regulation Compliance | ESMA-regulated (1:30 in EU) 1:2000 available in non-EU regions |
💡Target Audience | Retail traders seeking flexibility and high leverage |
⚠️Risk Level | Extremely high with 1:2000 leverage moderate in regulated areas |
💻Trading Platforms | MetaTrader 4, MetaTrader 5 |
👥Account Types Offering | Standard, Cent, ECN, ECN Zero |
📚Conditions | High leverage depends on account type and region strict limits in EU |
🌏Prominent Regions | Asia, Africa, Middle East, Latin America |
🏆Conclusion | FXTM provides some of the highest leverage options globally, balanced with strict compliance in regulated regions, ideal for both beginners and experienced traders. |
Featured
🔎Broker | FXTM |
Company Information | |
📅Year Founded | 2011 |
🧑🏻💻Amount of staff | 700+ |
👩💻Amount of active traders | Over 3 million |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | FCA, FSCA, FSC |
🌎Country of regulation | UK, South Africa, Mauritius |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | ICF (Investor Compensation Fund) |
Account Types and Features | |
💳Institutional Accounts | Yes |
👨💼Managed Accounts | Yes (PAMM accounts) |
📇Minor account currencies | USD, EUR, GBP, AUD, ZAR |
💰Minimum Deposit | $200 / R3709 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | 1-2 business days |
🪙Fund Withdrawal Fee | Varies by method |
📊Spreads from | 0.1 pips |
💸Commissions | From $4 per lot (on certain accounts) |
💱Number of base currencies supported | 7 |
🚀Swap Fees | Applicable |
📈Leverage | Up to 1:2000 |
📏Margin requirements | Varies based on leverage and asset |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | 0.01 seconds |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | 250+ |
🗠CFD Stock Indices | 11 |
⚖️CFD Commodities | 6 |
📜CFD Shares | 120+ |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets (Skrill, Neteller, etc.) |
Trading Platforms and Tools | |
💻Trading Platforms | MT4, MT5, FXTM Trader App |
👩💻OS Compatibility | Windows, macOS, Android, iOS |
🖥️Forex trading tools | Trading signals, VPS, economic calendar |
Customer Support | |
🗣️Live chat availability | Yes |
📱Customer Support email address | support@fxtm.com |
📞Customer Support Contact Number | +44 203 734 1071 |
👾Social media Platforms | Facebook, Twitter, Instagram, YouTube |
🗣️Languages supported on Website | 15+ |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Articles, tutorials, videos, webinars |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | 3,000+ |
📋IB Program | Yes |
🪙Rebate program | Yes |
👉Open Account | 👉 Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
One of the best Forex Brokers worldwide | Withdrawal fee |
Regulated by the CySEC and several other Forex authorities | High Stocks trading Spread |
FXTM Spider Chart
Here’s a possible rating breakdown for AvaTrade, on a scale of 1 to 10:
Minimum Deposit: 9/10
Account Types: 8/10
Platforms: 9/10
Our Findings
FXTM offers competitive leverage options, with leverage going up to 2000:1 for certain accounts, depending on the trader’s experience, account type, and location.
10. FP Markets
Overall, FP Markets is considered low-risk, trustworthy, and reliable. It is fully licensed and regulated by the Securities Commission of the Bahamas (SCB) and is currently ranked #13 out of 992.
Min Deposit USD 100 Regulators ASIC, CySEC, FSCA, CMA Trading Platform MT4, MT5, Iress Trader, cTrader Crypto Yes Total Pairs 70+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
FP Markets specifically designed the FP Markets Pro Account to allow eligible traders to maintain a maximum leverage ratio of 500:1.
🗃Category | 🔖Details |
📈Maximum Leverage | Up to 1:500 for Forex trading |
💱Asset Classes | Forex, CFDs (stocks, indices, commodities, cryptocurrencies, ETFs) |
🏛️Regulation Compliance | 1:30 in regulated regions (ASIC) up to 1:500 in non-EU/UK regions |
💡Target Audience | Retail and professional traders globally |
⚠️Risk Level | High with 1:500 leverage lower in regulated regions |
💻Trading Platforms | MetaTrader 4, MetaTrader 5, Iress Trader |
👥Account Types Offering | Standard, Raw, Islamic, Iress |
📚Conditions | High leverage available outside EU/UK stricter leverage rules for regulated clients |
🌏Prominent Regions | Australia, Asia, Europe, Middle East, Africa |
🏆Conclusion | FP Markets offers high leverage options with flexibility for global traders, while ensuring strict compliance in regulated markets. |
Featured
Company Information | |
📅Year Founded | 2005 |
🧑🏻💻Amount of staff | 274 |
👩💻Amount of active traders | Over 200,000 |
🌐Publicly Traded (Listed Company) | No |
Regulation and Security | |
🛡️Regulation | ASIC, CySEC, FSCA, FSA, FSC, CMA |
🌎Country of regulation | Australia, Cyprus |
💻Account Segregation | Yes |
🪫Negative balance protection | Yes |
🔋Investor Protection Schemes | Yes |
Account Types and Features | |
➕Accounts | Standard, Raw ECN, and VIP accounts available |
💳Institutional Accounts | Yes, tailored solutions for institutional clients |
👨💼Managed Accounts | Yes, offered through third-party managed account services |
📇Minor account currencies | USD, EUR, GBP, AUD, JPY, and others |
💰Minimum Deposit | $100 / R1806 |
Trading Conditions | |
🕞Average deposit/withdrawal processing time | Deposits are typically processed instantly; withdrawals usually within 1-2 business days |
🪙Fund Withdrawal Fee | Generally no fees for withdrawals; may vary based on method |
📊Spreads from | Spreads start from 0.0 pips on Raw ECN accounts |
💸Commissions | From $3.5 per side per lot on Raw ECN accounts |
💱Number of base currencies supported | Over 10 base currencies including USD, EUR, GBP, AUD, JPY, and others |
🚀Swap Fees | Swap fees apply; may vary depending on the position and account type |
📈Leverage | Up to 1:500 depending on the account type and instrument |
📏Margin requirements | typically 0.2% - 1% |
☪️Islamic account (swap-free) | Yes |
💻Demo Account | Yes |
⌛Order Execution Time | Typically 40-50 milliseconds on Raw ECN accounts |
📆VPS Hosting | Yes |
Trading Instruments | |
🧾CFDs-Total Offered | Over 1,000 CFDs across various asset classes |
🗠CFD Stock Indices | Yes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more |
⚖️CFD Commodities | Yes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more |
📜CFD Shares | Yes, A wide range of global stocks from major markets including US, UK, EU, and Asia |
Deposits and Withdrawals | |
💳Deposit Options | Credit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets |
💵Withdrawal Options | Bank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets |
Trading Platforms and Tools | |
💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader, WebTrader and TradingView |
👩💻OS Compatibility | Windows, Mac (via emulation), Android, iOS |
🖥️Forex trading tools | Yes |
Customer Support | |
🗣️Live chat availability | Yes, available 24/7 |
📱Customer Support email address | support@fpmarkets.com |
📞Customer Support Contact Number | +61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK) |
👾Social media Platforms | Facebook, Twitter, Instagram |
🗣️Languages supported on Website | English, Chinese, Arabic, and other major languages |
Educational Resources and Support | |
🖺Forex course | Yes |
🧏♀️Webinars | Yes |
📚Educational Resources | Yes |
Partnerships and Programs | |
🪪Affiliate program? | Yes |
👨🏫Amount of partners | Over 100,000 affiliates |
📋IB Program | Yes |
🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
🪙Rebate program | Yes |
👉Open Account | Open Account |
Pros and Cons
✅ Pros | ❌ Cons |
Easy and fast account opening | Limited product portfolio |
Low trading fees | High CFD fees |
Fast execution of trades | High minimum deposit |
Low Forex fees | High fee for international bank withdrawal |
FP Markets Spider Chart
Here’s a possible rating breakdown for AvaTrade, on a scale of 1 to 10:
Minimum Deposit: 9/10
Account Types: 7/10
Platforms: 9/10
Our Findings
FP Markets offers competitive leverage options, with leverage up to 500:1 for forex trading and 100:1 for CFDs on equities.
Tax implications of forex trading
Forex gains are generally taxed as capital gains. This means you will pay tax on the profit you make from selling the currency, but you can deduct any losses you suffer. The tax on a capital gain will vary depending on your income and how long you have worked at the job.
Short-term investments (less than one year) are generally taxed on capital gains, while long-term investments (less than one year) are taxed at a lower rate.
Some countries have special tax laws for Forex investors. For example, in the United States, Forex traders can choose to be taxed under Section 988, which allows them to treat their gains and losses as ordinary income and deductions.
It is important to consult a tax advisor to determine how a currency will be taxed in your particular situation. They can help you understand the tax laws in your jurisdiction and develop tax strategies to reduce your tax liability.
Even if you do not profit, you must declare your foreign business activities in your tax return.
You can deduct some of the costs associated with your Forex transactions, such as commissions, fees, and financial information services.
Keep good records of your Forex trading activities, including your transactions, gains, losses, and expenses. This will make it easier for you to file taxes and comply with tax laws.
Choosing a High Leverage Broker
🔎 Factor | 📌 Description | 📍 Importance |
📊 Regulation | Is the broker licensed by a reputable financial authority? This ensures they operate within legal guidelines and protects your funds. | Critical |
📈 Leverage Offered | What is the maximum leverage available? Remember, high leverage can magnify losses as well as gains. | Very Important |
📉 Margin Requirements | How much capital (margin) do you need to hold for a position relative to the trade size (with high leverage, you’ll need less margin)? | Important |
💹 Fees and Spreads | Commissions, spreads (difference between buy and sell price) can eat into profits. High leverage can sometimes lead to wider spreads. | Important |
💴 Account Minimums | Does the broker have a minimum deposit requirement? This may be higher or lower depending on the broker. | Somewhat Important |
⚙️ Platform and Tools | Does the platform offer the features and tools you need for your trading style? This can be especially important with high leverage trading. | Important |
🥰 Customer Service | Is reliable customer support available in case you have questions or issues? | Somewhat Important |
Ensure the broker you choose is licensed by a reputable body such as the South African FSCA. This will save you money and ensure compliance with industry standards. Compare delivery, payment, and other costs. Less spread and competition mean lower market value.
Consider whether a fixed spread or a variable spread suits your style better.
What to consider when opening a Forex account
Make sure a reputable organization in your area licenses the broker you choose. This will save you money and set business standards. Compare transmission, payment, and other costs. Look for competitive prices that match your business frequency and volume.
Understand the magnitude of risk and choose the level appropriate to your experience and risk appetite. Don’t get caught up in excessive spending. Explore different platforms by focusing on user preferences, functionality, and device interactions.
Choose an account that suits your needs and business volume. Depending on your preferences, consider Standard, Mini, or Islamic money. Establish risk management to limit potential losses and conduct responsible business.
How to develop a forex trading strategy
Define your risk tolerance, trading (scalping, day trading, swing trading), and time commitment. This will take the form of your idea. Choose your exchange partner and learn about trading results, indicators, and history. Understand the “why” behind price changes.
Create clear rules for entering and exiting trades based on the metrics and metrics you choose. Use tools like support/resistance, moving averages, and stochastic oscillators. Adjust drawdown and stop loss to control investment losses and ensure profitability. Risk management is the key to long-term success, and rights are reserved.
Use a demo account to test your strategy against historical data. Measure its performance and improve as a result. Remember that past performance does not guarantee future performance, but retrospective analysis can provide insight.
How to set a stop loss order
A stop-loss order is an important risk management tool for limiting trading capital loss in Forex trading. To avoid further losses if the market moves against you, instruct your broker to close your position when the price reaches a certain level.
Risks and Challenges of High-Leverage Trading
🔎 Risk/Challenge | 📌 Description | 📍 Impact |
🚩 Amplified Losses | High leverage magnifies not just profits but also losses. Even small price movements against your position can lead to significant losses, potentially wiping out your entire account. | Severe Financial Loss |
📊 Margin Calls and Forced Liquidation | Brokers require maintaining a minimum account balance (margin) to hold leveraged positions. If the market moves against you and your account falls below the margin requirement, you'll receive a margin call demanding additional funds. If unable to meet the call, the broker might forcibly liquidate your positions to cover losses, potentially at a disadvantageous price. | Loss of Control and Potential for Further Losses |
💴 Higher Costs | Leveraged positions often incur additional fees like interest on borrowed funds. These costs can erode profits or worsen losses. | Reduced Profit Potential and Deepened Losses |
📈 Psychological Pressure | The higher potential losses with high leverage can lead to emotional trading decisions, like holding onto losing positions or overtrading to recoup losses, further worsening the situation. | Poor Trading Decisions and Increased Losses |
📉 Limited Risk Management | The allure of high potential gains can lead to neglecting proper risk management strategies, like stop-loss orders, which are crucial to limit losses with high leverage. | Increased Vulnerability to Market Swings |
⚙️ Volatile Markets | High leverage is particularly risky in volatile markets where price movements can be sudden and large, leading to faster and bigger losses. | Sudden and Significant Account Wipeout |
Conclusion
Forex brokers offering high leverage allow traders to increase their anticipated returns with significantly less initial capital investment. However, as attractive as high leverage may seem and can lead to huge profits, the risk of huge losses is also present, thus requiring traders to adopt sound risk control measures.
You might also like AvaTrade Review
You might also like XM Review
You might also like: Saxo Bank Review
You might also like: Exness Review
You might also like: easyMarkets Review
Frequently Asked Questions
Which broker has the highest leverage?
According to research, FXTM offers the highest fee of 1000:1.
What are the pros and cons of high-leverage trading?
The biggest advantage of high-leverage trading is the significant increase in a trader’s profit during trades. The most significant disadvantage is that the risk is also extremely high, but rights reserved.
How do forex brokers provide leverage?
Forex brokers generally function as middlemen between the trader and the interbank market. Since the foreign exchange market pairs usually fluctuate at only 1% in an intraday period, brokers can typically manage the risk of all traders’ profits and losses while providing high leverage.
Do Forex brokers charge a fee for leverage?
Yes. Forex Brokers tend to charge overnight fees. Traders must pay overnight fees to trade with borrowed capital. Furthermore, some brokers also have fixed margin fees.
Can I trade cryptocurrencies with leverage?
Yes. However, cryptocurrency leverage is often extremely small compared to leverage available for FX pairs.
Table of Contents
Toggle