All Share (J203) = 88 342
Rand / Dollar = 18.58
Rand / Pound = 23.35
Rand / Euro = 19.33
Gold (usd/oz) = 2 928.65
Platinum (usd/oz) = 969.20
Brent (usd/barrel) = 76.29
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

10 Best High Leverage Forex Brokers

High Leverage Brokers Banner

 

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 AfricaIn 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 AccountYes$100 USD / R 17331:400
🥈 XM👉 Open Account

Yes$5 USD / R 861:1000
🥉 Saxo Bank👉 Open AccountYes$0 USD / R 01:30
🏅 Exness👉 Open Account
Yes$10 USD / R 1731:1000
📌 easyMarkets👉 Open Account
Yes$100 USD / R 17331:2000
📍 IG👉 Open Account
Yes$0 USD / R 0200:1
📌 GO Markets👉 Open Account
Yes$200 USD / R 3466500:1
📍 Alpari👉 Open AccountYes$100 USD / R 17331:50
📌 FXTM👉 Open Account
Yes$10 USD / R 1731:2000
📍 FP Markets👉 Open AccountYes$100 USD / R 1733500:1

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

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*)

  1. ☑️AvaTrade – Overall, the Best High Leverage Broker
  2. ☑️XM – MT4 High Leverage Broker operating in South Africa.
  3. ☑️Saxo Bank – High Trader Trust Score 90/100.
  4. ☑️ExnessLeverage Offered on All Supported Markets.
  5. ☑️easyMarkets – Globally Regulated Forex Trading Broker.
  6. ☑️IG – Offers A High Leverage Ratio for all traders.
  7. ☑️GO MarketsUser-friendly High Leverage Broker.
  8. ☑️Alpari – Top-ranking High Leverage Trading Platform.
  9. ☑️FXTMHighest Leverage For All Traders.
  10. ☑️FP MarketsBest High Leverage Broker with Low Spreads.

 

1. AvaTrade

AvaTrade Review

 

Avatrade is a safe and trustworthy broker with a user-friendly copy trading platformIt 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

Total Pairs

55

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

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 LeverageUp to 1:400 for Forex trading
💱Asset ClassesForex, CFDs
(indices, commodities, stocks)
🏛️Regulation ComplianceLimited to 1:30 in regulated regions
(e.g., EU, UK)
💡Target AudienceSuitable for experienced traders in non-restricted regions
⚠️Risk LevelHigh, especially with 1:400 leverage
💻Trading PlatformsAvailable on
MetaTrader 4,
MetaTrader 5, AvaTradeGO
👥Account Types OfferingAvailable on Retail, Professional Accounts
📚ConditionsRequires responsible risk management
🌏Prominent RegionsAsia,
Middle East,
and some African countries
🏆ConclusionA strong choice for traders seeking flexibility outside regulated leverage limits

 

Featured

CategoryDetails
Company Information
🏷️Company NameAvaTrade
📍Headquarters LocationDublin, Ireland
📅Year Established2006
👤CEO/FounderDáire Ferguson
🌐Global Offices Over 15 offices worldwide,
including Japan,
Australia,
and South Africa
🔖Licensing BodyCentral Bank of Ireland, ASIC,
FSA (Japan),
FSCA (South Africa),
ADGM (UAE)
👥Group CompaniesAva Capital Markets,
AvaTrade EU,
AvaTrade Japan,
AvaTrade Middle East
🏛️Business ModelMarket Maker
🌍Operational LanguagesOver 20 languages, including English,
Spanish,
French,
and Arabic
🏆Awards & RecognitionsBest Broker 2023,
Best Trading App 2022, among others
Regulation and Security
🛡️RegulationCBI,
BVI FSC,
ASIC,
FSCA,
ADGM,
FRSA,
ISA
✔️Compliance StandardsAdheres to MiFID II,
ASIC regulations,
and other regional compliance standards
💼Client Fund Segregation Yes,
client funds are held in segregated accounts
🪫Negative balance protectionYes,
ensuring traders cannot lose more than their account balance
🕵️‍♂️Financial Conduct OversightRegular audits and monitoring by respective regulatory bodies
💰Insurance CoverageProfessional indemnity insurance in line with regulatory requirements
📋AML & KYC PolicyStrict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies
🔒Security of Trading PlatformAdvanced SSL encryption, two-factor authentication (2FA), and secure servers
🛡️Investor Compensation FundMember of investor compensation schemes depending on regional regulations
🖥️Cybersecurity MeasuresRobust 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 AccountYes,
swap-free accounts are available for Muslim traders
🎮Demo Account Yes,
a free demo account is available with virtual funds
👑VIP AccountYes,
available for high-net-worth traders with enhanced features
💵Minimum Deposit$100 / R1806
💱Base CurrenciesUSD,
EUR,
GBP,
AUD,
and others depending on the region
⚖️Leverage OptionsUp to 1:400
(varies based on region and asset class)
📈Spreads (Fixed/Variable)Fixed spreads
EUR/USD starts at 0.9 pips
🔄Swap-Free AccountsYes,
available for Islamic accounts
🌐Account Currency ConversionYes,
account currencies can be converted
during setup
🚨Margin Call Level50%
❌Stop-Out Level20%
🔄Hedging Allowed Yes
⚡Scalping AllowedNo,
scalping is not permitted under AvaTrade’s policies
🔁Copy Trading SupportYes,
through integration with ZuluTrade and DupliTrade
👥Social Trading FeaturesYes,
via third-party platforms
💼Managed AccountsNo, AvaTrade does not offer managed accounts
Trading Conditions
🔍Average SpreadsEUR/USD starts from 0.9 pips (fixed spreads)
💲Commissions per Trade None,
spreads only
🔢Leverage RangeUp to 1:400
🚀Execution SpeedUltra-fast execution
📊Order Execution TypeMarket execution
🔄Slippage PolicyMinimal slippage,
detailed in terms
📏Margin requirementsVaries by asset class
⏹️Stop-Loss and Take-Profit OrdersYes
🔁Trailing StopsYes
🕑Pending OrdersYes
🔽Partial FillsYes
🧾Dividend AdjustmentsYes
🌙Overnight Swap Fees Applicable,
waived for Islamic accounts
📆Rollover PolicyFollows market standards
🛑Guaranteed Stop LossYes,
for specific instruments
Trading Instruments
💹Forex Currency Pairs55+ pairs,
including majors,
minors,
and exotics
🪙Precious Metals (Gold/Silver)Yes
📈IndicesYes
🌾CommoditiesYes,
including soft commodities
⛽Energies
(Oil/Natural Gas)
Yes
₿CryptocurrenciesYes (via platforms and email)
📉StocksYes,
global stocks available
🗂️ETFsYes
🏛️BondsNo
📜Futures Contracts No
🛡️Options ContractsYes
⚖️CFDs
(Contracts for Difference)
Yes
🔣Swap on Trading BoardYes
🔀Leveraged InstrumentsYes,
leverage up to 1:400
🎯Micro-Lot TradingYes
💸Spread BettingYes,
available in some regions
🧺Currency BasketsNo
Deposits and Withdrawals
💳Deposit MethodsCredit/Debit Cards,
Bank Wire Transfer,
E-Wallets
(Skrill, Neteller),
Local Payment Methods
💵Withdrawal MethodsCredit/Debit Cards,
Bank Wire Transfer,
E-Wallets
(Skrill, Neteller)
⏱️Processing Time for DepositsYesInstant for most methods,
1-3 business days for bank transfers
🕒Processing Time for Withdrawals24-48 hours for most methods,
up to 5 business days for bank transfers
🚫Deposit FeesNo
💵Withdrawal FeesNo
🔢Minimum Deposit Amount$100
📉Minimum Withdrawal Amount$100 (may vary by method)
🚪Maximum Withdrawal Limit No specific limit,
subject to account balance
💱Supported CurrenciesUSD,
EUR,
GBP,
AUD,
and more
₿Crypto Deposits & WithdrawalsNot supported
🏦Bank Wire TransfersSupported
💳Credit/Debit CardsSupported
📲E-Wallets
(Skrill, Neteller, etc.)
Supported
🏘️Local Payment MethodsSupported
(varies by region)
Trading Platforms and Tools
💻MetaTrader 4 (MT4) Yes,
fully supported
👩‍💻MetaTrader 5 (MT5)Yes,
available for advanced trading
🖥️Proprietary PlatformYes,
AvaTradeGo and WebTrader
📱Mobile Trading AppYes,
AvaTradeGo offers comprehensive mobile trading
🌐Web-Based PlatformYes,
WebTrader is available
🤖Trading BotsYes,
compatible with EAs (Expert Advisors)
🖧VPS ServicesAvailable upon request
🔌API ConnectivityNo
📉Charting ToolsAdvanced charting tools are available
🧮Custom IndicatorsSupported via MT4/MT5
🧠Market Sentiment Analysis Yes,
integrated into platforms
📩Trading SignalsYes,
via partnerships with Trading Central
🏷️Advanced Order TypesYes,
including stop orders and limit orders
⚠️Risk Management ToolsYes,
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 ChannelsLive Chat,
Email,
Phone,
FAQ/Help Center
🗨️Live Chat Availability24/5
📧Email SupportAvailable
📱Phone SupportAvailable
🌍Multilingual SupportYes,
supports multiple languages
❓Help Center/FAQComprehensive Help Center and FAQs
👨‍💼Dedicated Account ManagerAvailable 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
🏫SeminarsAvailable in selected locations
📖Trading TutorialsComprehensive beginner and advanced tutorials
📊Market Analysis ReportsDaily and weekly market analysis reports
📚E-BooksVarious e-books covering different aspects of trading
🎬Video LibraryExtensive library with video tutorials
📜GlossaryDetailed glossary of trading terms
❔FAQs Frequently Asked Questions section covering general and account-related inquiries
🆕Beginner GuidesStep-by-step beginner guides to help new traders
🚀Advanced Trading StrategiesIn-depth strategies for experienced traders to enhance trading skills
Partnerships and Programs
📋IB ProgramYes
🪪Affiliate program?Commission-based program for affiliates promoting AvaTrade
🏷️White Label SolutionsCustomized 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 SolutionsTailored solutions for financial institutions, including liquidity services
🔌API Partnership AvaTrade offers API access for integrating their trading services into third-party platforms
🤝Referral ProgramIncentives for clients who refer new traders to AvaTrade
Fees & Charges
💳Deposit FeesNo deposit fees for most methods
📤Withdrawal FeesNo withdrawal fees for most methods
💤Inactivity FeeInactivity 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 FeesConversion fees apply when depositing or withdrawing in a different currency than the account's base currency
💰Commission on TradesNo commission for standard accounts,
but commissions may apply for certain account types like ECN accounts
Market Research ToolsAvaTrade offers an economic calendar with key financial events and news updates.
📅Economic CalendarAvaTrade offers an economic calendar with key financial events and news updates.
📰Market NewsAvaTrade 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 ToolsAvaTrade 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 PlatformAvaTrade provides a social trading platform allowing users to follow and copy trades of others.
🏆Trading CompetitionsAvaTrade hosts periodic trading competitions with cash prizes and other rewards.
🎁Loyalty RewardsAvaTrade has a loyalty program offering benefits such as bonuses and other perks for active traders.
👑Exclusive VIP PerksAvaTrade 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 ContestsAvaTrade organizes trading contests,
where participants can win prizes based on their trading performance.
🌟Seasonal PromotionsAvaTrade runs seasonal promotions throughout the year,
offering special deals and bonuses.
🎖️Loyalty ProgramsAvaTrade offers loyalty programs that reward clients for their continued trading activity with perks and bonuses.
User Experience & Reviews
🖥️User Interface QualityAvaTrade’s platform offers a clean and intuitive interface,
designed for both beginner and experienced traders.
🔒Platform StabilityAvaTrade’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 RatingAvaTrade generally holds a solid rating from users,
with many praising its comprehensive offerings and user-friendly interface.
🌟Trustpilot RatingAvaTrade maintains a strong Trustpilot rating,
with many clients expressing satisfaction with their services.
😟Common ComplaintsCommon complaints include slow customer support response times and occasional withdrawal issues.
Mobile
📱Mobile App NameAvaTradeGO
🛠️Developer AvaTrade Ltd.
📅Release Year2019
💻OS CompatibilityiOS, Android
🌐Languages SupportedEnglish,
French,
Spanish,
Italian,
Arabic,
Portuguese,
and others
📈Trading InstrumentsForex,
CFDs,
Commodities,
Stocks,
Indices,
Cryptocurrencies
🔄Real-Time DataYes,
with live market data and updates
🛠️Charting ToolsAdvanced charting tools with technical analysis indicators
📊Order Types SupportedMarket Orders,
Limit Orders,
Stop Orders,
OCO,
Trailing Stop
🚀Order Execution SpeedFast,
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 FeaturesTwo-factor authentication (2FA), encryption
🖥️SynchronizationSyncs across all devices (mobile and desktop)
💰Deposit and Withdrawal Yes,
mobile deposits and withdrawals are supported
📝Account Types AccessibleAll account types available,
including demo accounts
🔄Switch AccountsYes,
users can switch between accounts easily
💬In-App SupportLive chat support available within the app
📚Educational Resources Access to tutorials, webinars,
and market analysis
🎯WatchlistYes,
users can create and manage a personalized watchlist
🌙Dark ModeYes,
the app supports dark mode for better visibility
🌐Social TradingYes,
users can engage in social trading within the app
AI Trading Resources
🤖AI IntegrationAvaTrade offers AI-powered trading tools,
integrated into the platform
📊Data Analysis Yes,
AI-driven data analysis for enhanced decision-making
📈Predictive AnalyticsYes,
predictive tools are available to anticipate market trends
🛠️Customizable StrategiesYes,
users can customize their trading strategies using AI tools
📉Risk Management ToolsAdvanced AI tools to assess and manage trading risks
🧑‍🏫Trading InsightsAI-based insights and recommendations for optimal trades
🚀Execution OptimizationAI-driven algorithms that optimize order execution speed
🔄Portfolio RebalancingYes,
AI can assist in portfolio rebalancing based on market changes
📚AI TutorialsAvailable educational resources on how to use AI tools in trading
🎥Video DemonstrationsYes,
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 AvailabilityAvailable on both desktop and mobile platforms
📈Backtesting CapabilityYes,
users can backtest strategies using historical data
🛠️Strategy BuilderYes,
users can build and customize their own AI-driven strategies
🔔Alerts and NotificationsYes,
AI-powered alerts for market events and strategy changes
🔒Data ProtectionStrong encryption and data protection measures in place
👁Transparency Full transparency on how AI algorithms work and make decisions
Social Media Platformst
📘FacebookAvaTrade is active on Facebook,
providing updates,
news,
and promotions.
📷InstagramAvaTrade uses Instagram to share educational content,
market analysis,
and trading tips.
🐦Twitter AvaTrade regularly tweets market insights, promotions, and company news.
💼LinkedIn AvaTrade maintains a professional LinkedIn presence, sharing company updates and industry news.
🎥YouTubeAvaTrade's YouTube channel features tutorials, webinars, market updates, and promotional content.
👉Open AccountOpen Account

 

AvaTrade Leverage

 

Pros and Cons

✅ Pros❌ Cons
Wide range of CFDs assets to trade - 1000+You can’t buy stock or cryptocurrency
Worldwide regulatedCryptocurrency deposit is not accepted
Award winnerQuarterly and annual inactivity fees
Multiple platform – MT4, MT5, etcCostumer support is not available 24/7
Negative balance protectionNo bonus for EU based clients

 

AvaTrade Spider Chart

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

XM.com Review ZAR

 

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

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Depending on the XM account type a trader can open, they can choose the leverage from 1:1 to 1000:1.

 

🗃Category🔖Details
📈Maximum LeverageUp to 1:1000 for Forex trading
💱Asset ClassesForex, CFDs (commodities, stocks, indices)
🏛️Regulation ComplianceLimited to 1:30 in regulated regions (EU, UK, Australia)
💡Target AudienceSuitable for global traders seeking high leverage options
⚠️Risk LevelVery high,
especially with 1:1000 leverage
💻Trading PlatformsMetaTrader 4,
MetaTrader 5
👥Account Types OfferingAvailable on Micro, Standard,
and Ultra Low accounts
📚ConditionsNot available for clients in regulated jurisdictions
🌏Prominent RegionsAsia,
Africa,
Middle East,
Latin America
🏆ConclusionXM is ideal for experienced traders in non-regulated regions seeking ultra-high leverage

 

Featured

Company Information
📅Year Founded2009
🧑🏻‍💻Amount of staff450+
👩‍💻Amount of active tradersOver 5 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationIFSC,
FCA,
CySEC,
ASIC,
CMA
🌎Country of regulationAustralia,
Cyprus,
Belize
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesICF (Investor Compensation Fund)
Account Types and Features
➕AccountsStandard,
Raw Spread,
Standard Cent,
Zero,
Pro
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesUSD,
EUR,
GBP,
AUD,
ZAR
💰Minimum Deposit$5 / R89
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNone
📊Spreads from0.6 pips
💸CommissionsNone
💱Number of base currencies supported11
🚀Swap FeesApplicable
📈LeverageUp to 1:1000
📏Margin requirementsVaries by asset and region
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.01 seconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered1,000+
🗠CFD Stock Indices30+
⚖️CFD Commodities15+
📜CFD Shares1,200+
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
💵Withdrawal OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
Trading Platforms and Tools
💻Trading PlatformsMT4,
MT5,
XM WebTrader
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsTrading signals, indicators,
VPS
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@xm.com
📞Customer Support Contact Number+357 25029933
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on Website25+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes (in multiple languages)
📚Educational ResourcesArticles,
tutorials,
videos,
webinars
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 5,000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, sponsorship agreement with LALIGA, the top professional football division in Spain
🪙Rebate programYes
👉Open Account👉 Open Account

 

XM Leverage

Pros and Cons

✅ Pros❌ Cons
Fast digital account openingAccount types vary according to jurisdiction

 

XM Spider Chart

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

Saxo Bank Review ZAR

 

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 LeverageUp to 1:50 for Forex trading
💱Asset ClassesForex,
Stocks,
CFDs,
Futures,
Options,
Bonds
🏛️Regulation ComplianceStrictly adheres to global regulatory standards
💡Target AudienceProfessional and institutional traders
⚠️Risk LevelModerate,
as leverage is conservatively capped
💻Trading PlatformsSaxoTraderGO, SaxoTraderPRO
👥Account Types OfferingAvailable on Micro,
Standard,
and Ultra Low accounts
📚ConditionsHigher capital requirements focus on stability
🌏Prominent RegionsGlobally available,
with strong presence in Europe
🏆ConclusionSaxo Bank prioritizes safety and professionalism,
offering lower leverage compared to other brokers

 

Featured

🔎Broker🥇Saxo Bank
Company Information
📅Year Founded1992
🧑🏻‍💻Amount of staff2,500
👩‍💻Amount of active traders1,200,000+
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFCA, 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 regulationDenmark, United Kingdom, Singapore, Netherlands, Hong Kong, Australia, UAE, France
💻Account SegregationYes
🪫Negative balance protectionYes, Saxo Bank offers negative balance protection.
🔋Investor Protection SchemesYes, investor protection is available at Saxo
Account Types and Features
➕AccountsSaxo Account
Joint account
Corporate account
Professional account
Portfolio ased Margin account
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesEuro, the British pound or the Japanese yen.
💰Minimum Deposit$2000 USD/ R 32000 ZAR
Trading Conditions
🕞Average deposit/withdrawal processing time1 to 2 business days
🪙Fund Withdrawal Fee$0
📊Spreads from0.0 pips
💸Commissions0.10%
💱Number of base currencies supported11 Different currencies
🚀Swap FeesOvernight financing fees apply
📈LeverageMax 1:3000
📏Margin requirements4%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeUltemately -fast (average under 1 second)
📆VPS HostingNot offered
Trading Instruments
🧾CFDs-Total OfferedOver 8,800+
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank Transfer , Debit Card
💵Withdrawal OptionsBank Transfer
Trading Platforms and Tools
💻Trading PlatformsSaxoTraderGO, SaxoTraderPRO
👩‍💻OS CompatibilityWindows, Mac
Web-based, Mobile (iOS & Android)
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityNo, Ticket support is available
📱Customer Support email addressdigitalsalesuk@saxomarkets.com
📞Customer Support Contact Numbertel:+44 (0)207 151 2100
👾Social media PlatformsFacebook, Twitter, YouTube
🗣️Languages supported on WebsiteEnglish, Polish, Russian, and more
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes, Saxo Bank provides a variety of educational resources including articles, videos, and glossaries.
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot publicly advertised
📋IB ProgramNot offered
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, XM sponsors various events and teams
🪙Rebate programYes, 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 AccountOpen Account

 

Saxo Bank Leverage

 

Pros and Cons

✅ Pros❌ Cons
Great trading platformHigh bond, options, and futures fees
Outstanding researchHigh minimum deposit
Broad product portfolioLacks live chat and 24/7 availability

 

Saxo Bank Spider Chart

 

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

Review 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

Total Pairs

97

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Exness makes access available to more than 100 Forex Pairs and offers leverage of up to 1:1000.

 

🗃Category🔖Details
📈Maximum LeverageUnlimited
(in specific conditions)
💱Asset ClassesForex,
CFDs
(indices, stocks, cryptocurrencies, commodities)
🏛️Regulation ComplianceLimited to 1:30 in regulated regions
(EU, UK)
💡Target AudienceSuitable for all levels of traders,
especially experienced ones
⚠️Risk LevelExtremely high,
especially with unlimited leverage
💻Trading PlatformsMetaTrader 4,
MetaTrader 5
👥Account Types OfferingStandard, Pro,
Raw Spread,
Zero
📚ConditionsUnlimited leverage requires low account equity and active trading
🌏Prominent RegionsAsia,
Middle East,
Africa,
Latin America
🏆ConclusionExness provides unparalleled leverage options,
making it ideal for traders seeking flexibility and high-risk opportunities

 

Featured

🔎BrokerExness
Company Information
📅Year Founded2008
🧑🏻‍💻Amount of staffOver 2,100
👩‍💻Amount of active tradersOver 320,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA
🌎Country of regulationCyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard,
Raw Spread,
Standard Cent,
Zero,
Pro
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesEUR/USD
& USD/JPY
💰Minimum Deposit$10
Trading Conditions
🕞Average deposit/withdrawal processing timeInstant to 1 business day
🪙Fund Withdrawal FeeFree, but may vary based on payment method and account type
📊Spreads from0.3 pips
💸CommissionsVaries by account type, often commission-free
💱Number of base currencies supported+40
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:2000
📏Margin requirements50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 200
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards,
Bank Transfers,
E-Wallets
(Skrill, Neteller, etc.),
Cryptocurrencies (Bitcoin, Ethereum, etc.)
💵Withdrawal OptionsCredit/Debit Cards,
Bank Transfers,
E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.)
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5),
Exness Trade
👩‍💻OS CompatibilityWindows, macOS, iOS, Android
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/7
📱Customer Support email addresssupport@exness.com
📞Customer Support Contact Number+35725030959
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on Website15 Languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners64 000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, sponsorship agreement with LALIGA, the top professional football division in Spain
🪙Rebate programYes
👉Open AccountOpen Account

 

Exness Overview

 

Pros and Cons

✅ Pros❌ Cons
Segregates client fundsLimited range of instruments
Established in 2008Not FCA Regulated

 

Exness Spider Chart

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

easyMarkets Review

 

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 LeverageUp to 1:400 for Forex trading
💱Asset ClassesForex,
CFDs
(commodities, stocks, indices, cryptocurrencies)
🏛️Regulation ComplianceRegulated in multiple regions
(ESMA limits apply in Europe)
💡Target AudienceRetail traders seeking high leverage options
⚠️Risk LevelHigh leverage increases risk
💻Trading PlatformseasyMarkets Platform,
MetaTrader 4
👥Account Types OfferingStandard,
Premium,
VIP
📚ConditionsLeverage capped at 1:30 in regulated regions up to 1:400 in non-EU areas
🌏Prominent RegionsEurope,
Asia,
Middle East,
Africa,
Latin America
🏆ConclusioneasyMarkets provides flexibility with high leverage in non-regulated regions, and a focus on protection for retail traders.

 

Featured

Company Information
📅Year Founded2001
🧑🏻‍💻Amount of staffOver 300
👩‍💻Amount of active tradersOver 142,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationCySEC (Cyprus),
ASIC (Australia),
FSA (Seychelles)
🌎Country of regulationCyprus,
Australia,
Seychelles
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes, through regulatory bodies
Account Types and Features
💳Institutional AccountsNo
👨‍💼Managed AccountsNo
📇Minor account currenciesEUR,
GBP,
AUD,
CAD,
CHF,
JPY
💰Minimum Deposit$100 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNone
📊Spreads from0.7 pips on major currency pairs
💸CommissionsNo
💱Number of base currencies supported5
(USD, EUR, GBP, AUD, JPY)
🚀Swap FeesNo
📈Leverage1:2000
📏Margin requirementsVariable based on asset and leverage
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeInstant Execution
📆VPS HostingNo
Trading Instruments
🧾CFDs-Total OfferedOver 200
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank Transfer, Credit/Debit Cards, PayPal,
Skrill,
Neteller,
Sofort
💵Withdrawal OptionsBank Transfer, Credit/Debit Cards, PayPal,
Skrill,
Neteller
Trading Platforms and Tools
💻Trading PlatformseasyMarkets WebTrader, MetaTrader 4, easyMarkets Mobile App
👩‍💻OS CompatibilityWeb-based
(All major browsers),
iOS,
Android
🖥️Forex trading toolsDealCancellation,
Freeze Rate,
Inside Viewer
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresscs@easymarkets.com
📞Customer Support Contact Number+357 25 828 899
👾Social media PlatformsFacebook,
Twitter,
LinkedIn,
YouTube
🗣️Languages supported on WebsiteEnglish,
Chinese,
Arabic,
Spanish,
Polish,
more
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesTrading guides,
eBooks,
Video tutorials
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot publicly disclosed
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, Real Madrid Football Club (Former Sponsor)
🪙Rebate programYes
👉Open Account👉 Open Account

 

easyMarkets Leverage

 

Pros and Cons

✅ Pros❌ Cons
Segregates client fundsDoesn’t offer VPS
Established in 2003Limited range of instruments
Regulated by CySEC and ASICNot FCA Regulated

 

easyMarkets Spider Chart

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

IG Review

 

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 LeverageUp to 1:200 for Forex (varies by region)
💱Asset ClassesForex,
CFDs (stocks, indices, commodities, cryptocurrencies, options)
🏛️Regulation ComplianceAdheres to ESMA limits (1:30 in EU) and regional regulations
💡Target AudienceRetail and professional traders globally
⚠️Risk LevelHigh for non-regulated regions moderate for regulated regions
💻Trading PlatformsIG Trading Platform, MetaTrader 4, ProRealTime
👥Account Types OfferingStandard,
Professional
📚ConditionsHigh leverage available only in non-EU/UK regions regulated clients capped at 1:30
🌏Prominent RegionsEurope,
Asia,
Middle East,
Africa,
Australia,
Latin America
🏆ConclusionIG balances flexibility for global traders with strict compliance in regulated markets,
making it versatile for both professional and retail traders.

 

Featured

🔎BrokerIG
Company Information
📅Year Founded1974
🧑🏻‍💻Amount of staffOver 1,000
👩‍💻Amount of active tradersOver 239,000
🌐Publicly Traded (Listed Company)Yes, listed on the London Stock Exchange (LSE)
Regulation and Security
🛡️RegulationRegulated by multiple financial authorities including FCA (UK),
ASIC (Australia), and others
🌎Country of regulationSouth Africa,
United States,
UK
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
(under FCA and ASIC regulations)
Account Types and Features
➕AccountsInstitutional and
Retail corporate clients
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesUSD,
EUR,
GBP,
AUD,
CAD,
JPY,
and others
💰Minimum Deposit$0 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNo
📊Spreads from0.6 pips
💸CommissionsVariable
💱Number of base currencies supportedOver 50
🚀Swap FeesYes (varies by account type)
📈LeverageUp to 200:1
📏Margin requirementsFrom 0.5% for forex, 5% for shares and margin factor for indices
☪️Islamic account (swap-free)No
💻Demo AccountYes
⌛Order Execution Time< 1 second
📆VPS HostingNo
Trading Instruments
🧾CFDs-Total Offered16000+
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank transfer, credit/debit cards,
e-wallets
💵Withdrawal OptionsBank transfer, credit/debit cards,
e-wallets
Trading Platforms and Tools
💻Trading PlatformsIG Trading Platform, MetaTrader 4,
👩‍💻OS CompatibilityWindows,
macOS,
Web,
Mobile
(Android, iOS)
🖥️Forex trading toolsTrading signals,
economic calendar,
charting tools
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addressnewaccounts.za@ig.com.
📞Customer Support Contact Number010 500 8624
👾Social media PlatformsFacebook,
Twitter,
Instagram
🗣️Languages supported on WebsiteEnglish,
Spanish,
Chinese,
and others
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesTrading Academy,
webinars,
market analysis
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot specified
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programNo
👉Open Account👉 Open Account

 

IG Leverage

 

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 pairsCharges an inactivity fee after two years of no activity
Offers MetaTrader 4 (MT4), ProRealTime, and its proprietary platformSpreads can widen during volatile market conditions
Includes Forex, stocks, indices, commodities, and cryptocurrenciesLeverage limits are lower in regions like Europe and Australia due to regulations
Extensive library of webinars, tutorials, and market analysisCryptocurrency CFD trading is restricted in certain areas (like the UK)
No minimum deposit for bank transfers in certain regionsFees for withdrawals via PayPal and credit cards in some regions
Provides protection against extreme market volatilitySome 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 reputationLacks promotional offers like deposit bonuses or cashbacks
24/5 customer service and support across multiple languagesAdvanced features and tools may feel complex for new traders
Offers social trading features and trading signalsDoesn't provide built-in copy trading options like some competitors

 

IG Spider Chart

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

GoMarkets Review

 

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 LeverageUp to 1:500 for Forex trading
💱Asset ClassesForex,
CFDs
(indices, commodities, cryptocurrencies, shares)
🏛️Regulation Compliance1:30 in regulated regions
(ASIC, CySEC)
1:500 in global regions
💡Target AudienceRetail and professional traders
⚠️Risk LevelHigh with 1:500 leverage lower in regulated regions
💻Trading PlatformsMetaTrader 4,
MetaTrader 5
👥Account Types OfferingStandard,
GO Plus+
📚ConditionsHigh leverage available for non-EU/AU clients with lower regulatory restrictions
🌏Prominent RegionsAsia,
Middle East,
Africa,
Oceania
🏆ConclusionGO Markets offers competitive leverage for global traders, with a strong balance of flexibility and compliance in regulated markets.

 

Featured

Company Information
📅Year Founded2006
🧑🏻‍💻Amount of staffApproximately 100+
👩‍💻Amount of active tradersOver 100,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC,
CySEC,
FSC,
FSA,
SCA
🌎Country of regulationAustralia,
Cyprus
UK
Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesAUD,
USD,
EUR,
GBP,
NZD,
CAD,
SGD,
CHF,
HKD
💰Minimum Deposit$200 / R3581
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeNo
📊Spreads from0.0 pips
💸CommissionsDepends on account type
💱Number of base currencies supported16
🚀Swap FeesVaries by instrument and account type
📈LeverageUp to 500:1
📏Margin requirementsVaries by instrument and leverage
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time< 1 second
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered 1000+
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsMastercard
Visa
Skrill
Neteller
Bank/Wire Transfer
💵Withdrawal OptionsMastercard
Visa
Skrill
Neteller
Bank/Wire Transfer
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4,
MetaTrader 5
and cTrader
MetaTrader Copy Trader
cTrader
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsEconomic calendar,
trading signals,
charts
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport.mu@gomarkets.com
📞Customer Support Contact Number+230 5869 0074
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on WebsiteEnglish,
Chinese,
Japanese,
Thai,
and others
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesTrading guides,
video tutorials,
market analysis
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot specified
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, sponsorship agreement with LALIGA, the top professional football division in Spain
🪙Rebate programNo
👉Open Account👉 Open Account

 

Go Markets Landing Page

 

Pros and Cons

✅ Pros❌ Cons
Low forex feesLimited product selection
Fast account openingLacking customer support
Educational toolsNo investor protection for non-EU clients

 

GO MARKETS Spider Chart

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

Alpari International Review

 

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 LeverageUp to 1:1000 for Forex trading
💱Asset ClassesForex,
CFDs
(indices, commodities, cryptocurrencies),
Spot Metals
🏛️Regulation ComplianceOffshore regulations no ESMA/strict limitations
💡Target AudienceRetail traders seeking high leverage
⚠️Risk LevelExtremely high with 1:1000 leverage
💻Trading PlatformsMetaTrader 4,
MetaTrader 5
👥Account Types OfferingMicro,
Standard,
ECN,
Pro ECN
📚ConditionsHigh leverage available globally limited regulation increases risk
🌏Prominent RegionsAsia,
Middle East,
Africa,
CIS countries
🏆ConclusionAlpari 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 Founded1998
🧑🏻‍💻Amount of staffOver 500
👩‍💻Amount of active tradersOver 1,000,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSC
🌎Country of regulationMauritius
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard,
ECN,
Pro
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesUSD,
EUR,
GBP,
JPY,
AUD,
CAD,
CHF,
SGD,
NZD,
RUB
💰Minimum Deposit$100 / R1806
Trading Conditions
🕞Average deposit/withdrawal processing timeFast and efficient
🪙Fund Withdrawal FeeNo Fees
📊Spreads from0.1 pips
💸CommissionsVaries based on account type
💱Number of base currencies supported10+
🚀Swap FeesApplicable
📈LeverageUp to 1:500
📏Margin requirementsVary based on instrument and account type
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeFast execution
📆VPS HostingAvailable
Trading Instruments
🧾CFDs-Total Offered200+
🗠CFD Stock Indices20+
⚖️CFD Commodities15+
📜CFD Shares100+
Deposits and Withdrawals
💳Deposit OptionsCredit/debit cards,
wire transfer,
e-wallets
💵Withdrawal OptionsCredit/debit cards,
wire transfer,
e-wallets
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4,
MetaTrader 5
👩‍💻OS CompatibilityWindows,
Mac,
Android,
iOS
🖥️Forex trading toolsEconomic calendar,
charting tools,
news feed
Customer Support
🗣️Live chat availability24/5
📱Customer Support email addresscustomersuppport@alpari.org
📞Customer Support Contact Number+44 20 3137 5757
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on WebsiteEnglish,
Russian,
Spanish,
Arabic,
Chinese,
and more
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesArticles,
tutorials,
guides
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 10,000
📋IB ProgramYes
🪙Rebate programYes
👉Open AccountOpen Account

 

Alpari Landing Page

 

Pros and Cons

✅ Pros❌ Cons
Demo Accounts and Social TradingLimited educational resources
Great copy trading brokerLack of resource tools
A diverse selection of tradeable assetsHigh fees
Good support in over 30 languagesWithdrawal fees

 

Alpari Spider Chart

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

ForexTime Review ( 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 LeverageUp to 1:2000 for Forex trading
💱Asset ClassesForex,
CFDs
(indices, commodities, stocks, cryptocurrencies)
🏛️Regulation ComplianceESMA-regulated (1:30 in EU)
1:2000 available in non-EU regions
💡Target AudienceRetail traders seeking flexibility and high leverage
⚠️Risk LevelExtremely high with 1:2000 leverage moderate in regulated areas
💻Trading PlatformsMetaTrader 4,
MetaTrader 5
👥Account Types OfferingStandard,
Cent,
ECN,
ECN Zero
📚ConditionsHigh leverage depends on account type and region strict limits in EU
🌏Prominent RegionsAsia,
Africa,
Middle East,
Latin America
🏆ConclusionFXTM provides some of the highest leverage options globally,
balanced with strict compliance in regulated regions, ideal for both beginners and experienced traders.

 

Featured

🔎BrokerFXTM
Company Information
📅Year Founded2011
🧑🏻‍💻Amount of staff700+
👩‍💻Amount of active tradersOver 3 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFCA,
FSCA,
FSC
🌎Country of regulationUK,
South Africa,
Mauritius
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesICF (Investor Compensation Fund)
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsYes (PAMM accounts)
📇Minor account currenciesUSD,
EUR,
GBP,
AUD,
ZAR
💰Minimum Deposit$200 / R3709
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeVaries by method
📊Spreads from0.1 pips
💸CommissionsFrom $4 per lot (on certain accounts)
💱Number of base currencies supported7
🚀Swap FeesApplicable
📈LeverageUp to 1:2000
📏Margin requirementsVaries based on leverage and asset
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.01 seconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered250+
🗠CFD Stock Indices11
⚖️CFD Commodities6
📜CFD Shares120+
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
💵Withdrawal OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
Trading Platforms and Tools
💻Trading PlatformsMT4,
MT5,
FXTM Trader App
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsTrading signals,
VPS,
economic calendar
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@fxtm.com
📞Customer Support Contact Number+44 203 734 1071
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on Website15+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesArticles,
tutorials,
videos,
webinars
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners3,000+
📋IB ProgramYes
🪙Rebate programYes
👉Open Account👉 Open Account

 

FXTM Overview

 

Pros and Cons

✅ Pros❌ Cons
One of the best Forex Brokers worldwideWithdrawal fee
Regulated by the CySEC and several other Forex authoritiesHigh Stocks trading Spread

 

FXTM Spider Chart

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

FPMarkets Review

 

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 LeverageUp to 1:500 for Forex trading
💱Asset ClassesForex,
CFDs
(stocks, indices, commodities, cryptocurrencies, ETFs)
🏛️Regulation Compliance1:30 in regulated regions (ASIC) up to 1:500 in non-EU/UK regions
💡Target AudienceRetail and professional traders globally
⚠️Risk LevelHigh with 1:500 leverage lower in regulated regions
💻Trading PlatformsMetaTrader 4, MetaTrader 5,
Iress Trader
👥Account Types OfferingStandard,
Raw,
Islamic,
Iress
📚ConditionsHigh leverage available outside EU/UK stricter leverage rules for regulated clients
🌏Prominent RegionsAustralia,
Asia,
Europe,
Middle East,
Africa
🏆ConclusionFP Markets offers high leverage options with flexibility for global traders, while ensuring strict compliance in regulated markets.

 

Featured

Company Information
📅Year Founded2005
🧑🏻‍💻Amount of staff274
👩‍💻Amount of active tradersOver 200,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationASIC, CySEC, FSCA, FSA, FSC, CMA
🌎Country of regulationAustralia, Cyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard, Raw ECN, and VIP accounts available
💳Institutional AccountsYes, tailored solutions for institutional clients
👨‍💼Managed AccountsYes, offered through third-party managed account services
📇Minor account currenciesUSD, EUR, GBP, AUD, JPY, and others
💰Minimum Deposit$100 / R1806
Trading Conditions
🕞Average deposit/withdrawal processing timeDeposits are typically processed instantly; withdrawals usually within 1-2 business days
🪙Fund Withdrawal FeeGenerally no fees for withdrawals; may vary based on method
📊Spreads fromSpreads start from 0.0 pips on Raw ECN accounts
💸CommissionsFrom $3.5 per side per lot on Raw ECN accounts
💱Number of base currencies supportedOver 10 base currencies including USD, EUR, GBP, AUD, JPY, and others
🚀Swap FeesSwap fees apply; may vary depending on the position and account type
📈LeverageUp to 1:500 depending on the account type and instrument
📏Margin requirementstypically 0.2% - 1%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically 40-50 milliseconds on Raw ECN accounts
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 1,000 CFDs across various asset classes
🗠CFD Stock IndicesYes,Major global indices including S&P 500, NASDAQ, FTSE 100, DAX, and more
⚖️CFD CommoditiesYes, Includes commodities such as Gold, Silver, Oil, Natural Gas, and more
📜CFD SharesYes, A wide range of global stocks from major markets including US, UK, EU, and Asia
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards, Bank Transfers, PayPal, Skrill, Neteller, and other e-wallets
💵Withdrawal OptionsBank Transfers, Credit/Debit Cards, PayPal, Skrill, Neteller, and other e-wallets
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS, cTrader, WebTrader and TradingView
👩‍💻OS CompatibilityWindows, Mac (via emulation), Android, iOS
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes, available 24/7
📱Customer Support email addresssupport@fpmarkets.com
📞Customer Support Contact Number+61 2 8252 6800 (Australia) or +44 20 8068 0760 (UK)
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on WebsiteEnglish, Chinese, Arabic, and other major languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 100,000 affiliates
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open AccountOpen Account

 

FP Markets Leverage

 

Pros and Cons

✅ Pros❌ Cons
Easy and fast account openingLimited product portfolio
Low trading feesHigh CFD fees
Fast execution of tradesHigh minimum deposit
Low Forex feesHigh fee for international bank withdrawal

 

FP Markets Spider Chart

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
📊 RegulationIs the broker licensed by a reputable financial authority? This ensures they operate within legal guidelines and protects your funds.Critical
📈 Leverage OfferedWhat is the maximum leverage available? Remember, high leverage can magnify losses as well as gains.Very Important
📉 Margin RequirementsHow 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 SpreadsCommissions, spreads (difference between buy and sell price) can eat into profits. High leverage can sometimes lead to wider spreads.Important
💴 Account MinimumsDoes the broker have a minimum deposit requirement? This may be higher or lower depending on the broker.Somewhat Important
⚙️ Platform and ToolsDoes the platform offer the features and tools you need for your trading style? This can be especially important with high leverage trading.Important
🥰 Customer ServiceIs 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 LossesHigh 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 LiquidationBrokers 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 CostsLeveraged 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 PressureThe 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 ManagementThe 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 MarketsHigh 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

 

Best High Leverage Forex Brokers

 

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.

4.6/5 - (30 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 9, 2025

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.