Tag: high leverage forex broker

For this article, we have reviewed and tested 5 high leverage forex brokers Canada.

We have opened accounts and deposited around $5,000 with each broker, placed real trades to get the real spreads, as well as contacted the support team to resolve the issues we have faced. Finally, we withdrew our funds to see if there was any issue with the process.

We have picked out the best high leverage forex brokers Canada based on data collected and our experience as traders.

What is Leverage in Forex?

For those considering investing, forex trading offers an opportunity to get larger exposure to the market even with a modest budget. The traders can borrow money from brokers and invest it in any market they wish. The use of borrowed capital in investment is called leverage; whereas the deposit used for investment is called margin.

The leverage is typically presented as a ratio between the trade’s total exposure and the margin requirement. For example, with only a 10% margin you will control assets worth $1000 with just a $100 margin required. Read more about leverage on Wiki.

Leverage strategy is often associated with high risks, while it magnifies the returns from investment, it also magnifies the losses.

Forex brokers must be registered and authorized with the Investment Industry Regulatory Organization of Canada (IIROC). Forex brokers regulated by the IIROC can offer a maximum leverage of up to 50:1.

See the most popular leverage levels forex brokers offer:

Best Forex Brokers with High Leverage in Canada

To select the best high leverage forex brokers in Canada, we have tested several international brokers offering high leverage in Canada. We opened real accounts and deposited money with each broker, then placed trades to see the real spreads.

There are no brokers located and regulated in Canada who offer high leverage since the maximum leverage is 1:50 resrticted bu IIROC Regulation in Canada. Read more about Canada Brokers here. However, for Canadians it is allowed to open accounts with almost all international brokers, so possible to get access to high leverage by: either jurisdiction that still offers high leverage like Switzerland or New Zealand, or to become a professional trader or open an account with international entity based offshore.

We recommend choosing only reliable brokers, and here is our selection of Brokers with high leverage for Canadians:

• BlackBull Markets – Best Overall Canada Brokers with High Leverage
• IG – Best High Leverage Brokers Canada for Beginners
• CMC Markets – Best High Leverage CFD Brokers for Canadian
• Saxo Bank – Top Forex Brokers with High Leverage on MT4
• Dukascopy – Best Broker with High Heverage and Low Spread Canada

High leverage is a risky strategy that can amplify your losses, hence make sure your broker is well-regulated across all jurisdictions its services are applied.

Best Overall Canada Brokers with High Leverage

We picked out BlackBull Markets as the best overall high leverage forex broker Canada.

BlackBull is a New Zealand-based forex broker that offers over 200 instruments to trade markets. With up to 500:1 leverage and with minimum deposits of just $1, BlackBull has great offerings tailored toward traders at all levels – from beginners looking to learn how they can be successful in this complex industry as well experienced professionals who want an edge on their competition.

Best High Leverage Brokers Canada for Beginners

We chose IG as the best high leverage broker for beginners.

IG is a well-regulated financial firm that offers trading conditions suited for traders of all experience levels. The broker has been around since 1974 and operates under 7 tier-1 regulatory bodies including FMA (New Zealand) and FINMA(Switzerland), ensuring your account will be safe from wrongdoing on their end. The broker offers trading with forex, indices, commodity, shares, and cryptocurrencies.

Best High Leverage CFD Brokers for Canadian

We picked CMC Markets as the best high leverage CFD broker in Canada.

Founded in 1986, CMC Markets is a UK-based leading forex broker, offering financial trading services with contracts for differences and spread betting. It is one of the few brokers that are publicly listed on the London Stock Exchange (LSE) under the ticker CMCX. The broker offers trading in such markets as forex, indices, stocks, commodities, and cryptocurrencies.

Top Forex Brokers with High Leverage on MT4

We picked Saxo Bank as the best broker offering the MT4 platform.

Saxo Market offers traders access to forex, shares and futures which are all backed by solid product offerings from around the world. They also have low spreads for those who trade on their platform in addition to deposits that can be made quickly without any delays or problems when depositing money into an account through a bank transfer.

Best Broker with High Heverage and Low Spread Canada

We chose Dukascopy as the best high leverage forex broker with low spreads.

Founded in 2004, Dukascopy is Switzerland-based forex and CFDs broker offering banking services as well. The broker offers trading services with forex, indices, commodities, cryptocurrencies, and stock CFDs.

Dukascopy offers a 100:1 leverage level on major currency pairs under the FINMA entity.

Canada Top 100 Regulated Brokers with High Leverage List

Since high leverage is strictly limited and regulated to lower levels across the globe, there is only 7 regulated brokers which we tested offering high leverage. Most of the other brokers with high leverage are offshore; we do not recommend offshore brokers due to the high risks.

FAQ and More on High Leverage Trading in Canada

In this article, we have looked through the most common questions traders have and found some answers for them.

Market Execution Brokers with High Leverage

Market execution is a method of execution where clients open and close their positions. NDD, STP, and ECN brokers refer to market execution. Read our detailed article on NDD Brokers.

Some of the market execution brokers offering high leverage are:

• BlackBull Markets
• Saxo Bank
• Interactive Brokers

High Leverage Crypto Trading Canada

Cryptos are not considered legal tender in Canada, however, the Canadian government is now experimenting with token-based digital currencies. There are two ways of trading cryptos in Canada:

• buying or selling crypto, also known as a crypto exchange
• CFD crypto trading – speculating on the currency movement, as most of the forex brokers offer

Some of the high leverage brokers offering CFD crypto trading are:

• CMC Markets
• Saxo Bank

For the Best High Leverage Forex Brokers Australia list, we have reviewed and tested 15 forex brokers regulated by ASIC.

We have opened accounts with these brokers and deposited between $4,000-$8,000. We placed live trades in each popular market to get the real spreads charged. We also reached out to each broker’s customer support team to resolve the problems we had faced and eventually withdrew our funds to check the withdrawal process.

We have chosen the best high leverage forex brokers Australia based on our experience and knowledge as traders.

What is Leverage in Forex Trading?

Leverage is a strategy where traders borrow capital from brokers to invest in trading instruments. It enables investors to take larger positions and artificially amplify transaction seizes in order to benefit from each transaction. The borrowed money required to purchase securities is called margin. Buying on margin is carried out in a margin account which is one of the main accounts that brokers suggest to their consumers.

Leverage is represented as a proportion of debt compared to capital. The leverage ratio and margin requirements differ with each broker. The offered amounts are usually 50:1, 100:1, and 200:1. Let’s assume that you place a CFD trade worth $2000 with a 200:1 leverage level. This means that you only need 0.5% of the required total value of the position ie $10. Read more about leverage on Wikipedia.

There are several ways how traders can access high leverage:

• open account under the broker operating under the entities that still offer high leverage like FINMA or FMA.
• become a professional trader, prove your status as an expert, and get access to high leverage from the broker
• open an account under an offshore broker which we do not recommend since the majority of them bear high risks of losing capital.

What is the Best Leverage for Forex Trading?

Choosing the right leverage for your forex trading is a crucial aspect that needs to be taken into account. Understing what leverage is most appropriate to you requires comprehensive knowledge about the economy and political situation of an individual country, global macroeconomics, and how volatility impacts the market. Leverage magnifies the return on investment as well as the possible risks of losing your funds. As a result, many regulators are restricting high levels of leverage to prevent traders from huge losses.

There are several rules that traders have to consider before selecting the right leverage:

• the amount of capital a trader will deposit
• considering the possible risks
• understanding how many positions you will allow yourself to open

Leveraging can be tricky while it obviously has benefits, it may also amplify the losses. One can even lose more money than the available investment balance.

What is the Best Leverage Level for a Beginner?

High leverage can be useful only if only used correctly. New traders often take advantage of high leverage, but the lack of information may result in a scenario where high leverage doesn’t play out the way it was expected.

So, if you are a beginner the ideal start would be to use leverage between 1 and 10 and a $10,000 balance.

Best Forex Brokers with High Leverage in Australia

To come up with this Best High Leverage Forex Brokers Australia list, we have tested out several brokers. We opened real accounts with money deposited; then placed live trades to see how deposit and withdrawal processes are operating.

• BlackBull Markets – Best Overall Australia Broker with High Leverage
• IG Group – Best Forex Broker with High Leverage in Australia for Beginners
• Saxo Bank – Best Australia MT4 High Leverage Broker
• CMC Markets – Best Broker with High Leverage and Low Spread Australia

It is important to make sure your broker has the proper licensing and regulatory requirements in all jurisdictions where they provide services.

ASIC used to provide high leverage levels up to 400:1; however, things changed since ASIC restricted leverage to 30:1 in 2021. As mentioned above, high leverage trading can be accessed in Australia by becoming a professional trader and proving the status or by opening an account under an offshore entity. Yet we do not recommend offshore brokers for the high risks they involve.

Best Overall Australia Broker with High Leverage

We picked BlackBull Markets as the best overall broker with high leverage in Australia.

BlackBull is a forex and CFD broker established in 2014, with headquarters in Auckland, New Zealand. The broker proposes over 200 instruments in forex, indices, stocks, and commodities.

The broker offers excellent trading conditions with relatively low spreads and also offers in-depth educational materials for traders.

Best Forex Broker with High Leverage in Australia for Beginners

We chose IG as the best high leverage broker for beginners.

Founded in 1974, IG has its headquarters located in London. It holds licenses from industry-leading regulators FINMA and FCA. The broker offers trading with forex, indices, commodities, shares, and cryptocurrencies.

IG has an extensive collection of educational materials for traders that are new to the forex market and want a beginner-friendly site.

Best Australia MT4 High Leverage Broker

We handpicked Saxo Markets as the best MT4 platform with high leverage.

Saxo Market is a Danish broker that has been in operation since 1992. They provide traders with access to forex, shares, ETFs, commodities indices, options, bonds, and futures which are all backed by solid product offerings from around the world.

Saxo Markets holds the best offering with conditions on MT4 – minimum deposits, low spreads, and smooth deposit and withdrawal processes.

Best Broker with High Leverage and Low Spread Australia

We chose CMC Markets as the best Australian forex broker with low spreads offering high leverage.

CMC Markets is a UK-based leading forex broker, offering financial trading services with contracts for differences and spread betting. It was founded in 1986 and is one of the few brokers that are publicly listed on the London Stock Exchange (LSE) under the ticker CMCX. The broker offers trading in such markets as forex, indices, stocks, commodities, and cryptocurrencies.

CMC Markets offers spreads below the industry average across all markets.

Australia Forex Brokers with High Leverage List

Here is the extended list of High Leverage Forex Brokers Australia:

FAQ and More on Australia Forex Brokers with High Leverage

Traders often rise different trading-related questions. In this article, we tried to give comprehensive answers to them.

High Leverage Crypto Trading Australia

Cryptocurrency trading is available in Australia through crypto exchange – buying or selling cryptos; traders need to open crypto wallets first. Also, Australians can trade crypto by speculating on CFDs, as most forex brokers offer.

Some of the brokers allowing high leverage crypto trading are:

• Interactive Brokers
• IG Markets