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Abstract: Forex trading is one of the most profitable businesses nowadays. However, the leverage offered by the forex brokers is very common to see in the forex market, which is playing a significant role in forex trading. In today’s article, WikiFX lists the top 5 brokers offering leverage up to 1:500.
Forex trading is one of the most profitable businesses nowadays. However, the leverage offered by the forex brokers is very common to see in the forex market, which is playing a significant role in forex trading. When traders are going to choose a broker, the leverage ratio is one of the most important factors that many traders are concerned about. In todays article, WikiFX lists the top 5 brokers offering leverage up to 1:500.
IC Markets is a leading forex broker around the globe, offering various solutions for active traders, day traders, scalpers, and more.
IC Markets offer the highest leverage level of up to 500:1 from its FSA regulatory division in Seychelles.
License Index
8.59
Business Index
8.44
Risk Management Index
9.85
Software Index
9.77
Regulatory Index
8.56
Founded in 2013, TMGM, or Trademax Global Markets, is an Australia-based global forex broker, committed to creating a transparent and fair trading environment for its clients.
As a typical Australian broker, TMGM offers a quite high trading leverage, and leverage depends on instruments. Both the Edge account and Classic account of this broker provide clients with max leverage of 1:500.
License Index
8.54
Business Index
7.86
Risk Management Index
8.90
Software Index
9.99
Regulatory Index
8.52
Established in 2007, DBG Markets is a premium multi-asset online brokerage with headquarters in London and Melbourne and offices in the Asia-Pacific, Europe, South America, the Middle East, and North Africa. DBG Markets offers traders access to a wide range of markets including Forex, Precious Metals, shares, indices, commodities, cryptocurrencies, commodities, and more.DBG Markets (Australia) can offer the maximum trading leverage up to 1:500
License Index
9.19
Business Index
7.32
Risk Management Index
7.63
Software Index
7.75
Regulatory Index
9.16
Tickmill was founded in 2014 to provide online brokerage services for retail and institutional clients worldwide.The maximum leverage for the Classic account, Pro account, and VIP account is up to 1:500 for Forex.
License Index
9.03
Business Index
7.42
Risk Management Index
2.94
Software Index
8.80
Regulatory Index
9.00
BlackBull
BlackBull Markets is an ECN & NDD broker, which specializes in providing financial technology solutions such as forex, CFDs, and commodities to global customers.The company has set up three types of accounts: ECN standard accounts (suitable for beginners), ECN premium accounts (clients can experience real ECN trading), and ECN institutional accounts. The maximum leverage for all these accounts is up to 1:500. In addition,the WikiFX score of this broker is reduced due to recent complaints, please be aware of the risks.
License Index
7.09
Business Index
6.88
Risk Management Index
0.00
Software Index
7.98
Regulatory Index
7.06
Is trading 500:1 leverage safe?
Leverage up to 1:500 is considered high. High leverage can amplify both benefits as well as losses. Newbies and inexperienced traders are not advised to invest in a broker with leverage up to 1:500. However, Experienced traders understand the rule of trading with high leverage. Trading with 1:500 leverage can be safe when traders keep the small trading lot size and use proper stop-loss triggers. In addition, do not be too greedy.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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