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High Leverage Forex Brokers 2021 [UPDATED]


With a growing number of Forex brokers offering high leverage, there are many options for traders to choose from.

This article offers a detailed guide to help you select the a broker . These brokers are reviewed based on leverage, trading platforms, security, fees, and reliability.

Best High Leverage Brokers

Here are the top Forex brokers with high leverage available. These have been reviewed based on trading platforms, available currency pairs, security, reliability, trading fees, and more. This is our selection…

  • Pepperstone – Best Broker With High Leverage Overall
  • AvaTrade – Best For Leveraged Forex Trading
  • FP Markets – Low Fee High Leverage Brokerage
  • eToro – Best for Product Offering
  • Plus500
  • Interactive Brokers
  • FXTM
  • Forex.com
  • HYCM

1. Pepperstone – Best For High Leverage Overall

Pepperstone is an Australian company that provides Forex traders with great leverage levels. US traders get access to 50:1, while traders in ASIC jurisdiction have 500:1 leverage. 

Pepperstone is known for its selection of premium third-party trading platforms. This includes MetaTrader and cTrader. Traders gain access to a range of useful trading tools.

PROS CONS
Leverage
Low non-trading fees
No deposit and withdrawal fees
Access to third-party trading platforms
Great customer service

2. AvaTrade

AvaTrade has built up a solid reputation over the years. It offers traders access to a wide range of 55 different Forex currency pairs and leverage of up to 400:1.

Opening a Forex account through AvaTrade is fast and easy. There are no fees charged for deposits and withdrawals. It offers user-friendly and diverse research and educational tools. Read more in our in-depth AvaTrade Review.

PROS CONS
Wide range of currency pairs  High inactivity fees
Easy account opening process
Free deposits and withdrawals
Great research tools

3. FP Markets

FP Markets offers its clients leverage of up to 500:1. Its low Forex trading fees make it an ideal choice for many traders. 

The account opening and deposit processes are quick and efficient. There is a range of excellent educational tools, such as e-books and demo accounts.

The product portfolio is limited to Forex, CFDs, and cryptocurrencies. This might be limiting for traders wanting a diverse portfolio.

PROS CONS
Low Forex fees Limited product portfolio
Easy and fast account opening
Quick deposits and withdrawals

4. eToro

eToro Logo

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Disclaimer: CFDs are complex leveraged derivatives that come with a high risk of losing money rapidly. 67% of retail investor accounts lose money when trading CFDs with this provider. Make sure you understand how CFDs work and if you can afford to take the high risk of losing your money.

Although not the highest leverage broker on the list, eToro is still highly recommended for Forex traders. This firm offers leverage of up to 30:1.

It is particularly great when it comes to copy trading.

The product portfolio is limited to Forex, CFDs, and cryptocurrencies. This might be limiting for traders wanting a diverse portfolio.

eToro offers web and mobile trading platforms that are easy to navigate. Traders have access to a broad range of trading strategies to copy. This includes forex, CFDs, and cryptocurrencies.

eToro is pricey when it comes to trading forex and CFDs though. Also, eToro’s research tools are limited.

PROS CONS
Copy Trading Forex and CFDs can be a bit pricey
Cryptocurrency tools Limited research material
User-friendly platform
Ideal for beginners

5. Plus500

Plus500 Comparison

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72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Plus500 is a clear winner for Forex day trading. It offers leverage levels of up to 300:1.

Plus500 gives you a way to test out Forex trading. It offers tight spreads and free deposits and withdrawals. The strong 24/7 customer support is a finishing touch for those wanting a seamless trading experience.

This brokerage has a notable lack of educational resources and research tools. New traders will have to find additional resources elsewhere.

PROS CONS
Leverage Levels Educational and research tools
Intuitive mobile trading app
Fast order execution
Competitive spreads
Demo Account

6. Interactive Brokers

Interactive Brokers Logo

Interactive Brokers caters well to experienced active traders, with levels of up to 400:1 offered.

The brokerage offers very efficient order execution, thanks to its IB Smart Routing technology. 

Its mobile trading platform is well supported across all devices. Beginners may find it tricky to use as it is aimed at experienced traders.

PROS CONS
Leverage offered Not easy for beginners to navigate
Fast order execution
Wide range of securities available
Offers fractional shares
Customizable alerts on the trading platform

7. FXTM

FXTM Logo

Forex Capital Market (FXCM) is another great option for experienced Forex traders. This broker offers leverage levels ranging from 1:50 to 1:500.

This brokerage supports several third-party trading platforms such as ZuluTrade, and MetaTrader4. This platform variety gives you access to an abundance of drawing tools and technical indicators.

A downside is the broker’s inactivity fees, but this only applies if your account is inactive for more than a year.

PROS CONS
Leverage levels CFDs only
Supports various third-party trading platforms Expensive inactivity fees
Well-established and reputable broker
User-friendly mobile trading app
No commission and tight spreads

8. Forex.com

forex.com logo

Over 70 forex pairs to choose from, Forex.com gives US traders 50:1 leverage on major currency pairs. These include EUR/USD, EUR/CAD, and USD/CA.

Forex.com offers a range of account types to suit different trading styles. This broker offers everything you need from low Forex fees to technical research tools.

On the downside, it has a limited range of financial assets. The desktop trading platform is not user-friendly.

PROS CONS
Low Forex fees Limited product portfolio
Great variety of currency pairs Outdated desktop trading platform
Diverse technical research tools

9. HYCM

HYCM Logo

HYCM uses the premium MT4 trading platform, offering leverage of up to 500:1. The broker offers excellent trading conditions and great liquidity.

You can access levels of up to 500:1 through HYCM, depending on where you live and which currency pair you’re trading. Account minimums with HYCM may vary depending on your base currency and the type of account you open; typically, you need $100 to $200 before you open an account.

You can customize your account levels with varying fee structures to fit your risk tolerance and trade frequency.  You’ll also find a range of education and research tools.

PROS CONS
Leverage levels Inactivity fees
Access to a range of trading platforms
Low…



Read More : High Leverage Forex Brokers 2021 [UPDATED]

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