WTI Broker with 400 or 500 leverage? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

i want 400:1 or 500:1 leverage with metatrader platform 109 replies

Reliable Broker with nano lot, micro lot broker, leverage 1:400, 1:500 35 replies

Wanted: Good MT4 Broker Offering 400:1 Leverage 18 replies

400:1 500:1 leverage 24 replies

urgently need a 250 dols mini lot,400;1 leverage,reliable broker 9 replies

WTI Broker with 400 or 500 leverage?

  • #1
  • First Post: Feb 1, 2021 12:52pm Feb 1, 2021 12:52pm
Hi
Anyone know good broker has WTI with leverage 400 or 500 ?
Thanks
  • #2
  • Feb 2, 2021 3:13am Feb 2, 2021 3:13am
Turnkeyforex is one I know that fits both these criteria. Leverage is upto 500x.
  • #3
  • Feb 26, 2021 8:07am Feb 26, 2021 8:07am
Most major jurisdictions have banned such leverage - ESMA did it years ago for the entirety of the EU, Australia followed recently. Most brokers which offer such leverages now are registered offshore and they are not trustworthy.
  • #4
  • Feb 26, 2021 2:39pm Feb 26, 2021 2:39pm
Quoting james1254
Most major jurisdictions have banned such leverage - ESMA did it years ago for the entirety of the EU, Australia followed recently. Most brokers which offer such leverages now are registered offshore and they are not trustworthy.
Dose not being regulated by ESMA or ASIC equate to not being trustworthy? If so, why?
  • #5
  • Feb 27, 2021 9:03am Feb 27, 2021 9:03am
Quoting KoiFish
{quote} Dose not being regulated by ESMA or ASIC equate to not being trustworthy? If so, why?
It does. Unregulated brokers cannot be trusted, that was my point.
  • #6
  • Feb 27, 2021 10:19am Feb 27, 2021 10:19am
No real broker will offer that because oil margin is damn expensive at liquidity level.
  • #7
  • Feb 27, 2021 2:42pm Feb 27, 2021 2:42pm
What if a broker is regulated by ASIC or ESMA, but they also have branches in other countries like Seychelles or Vanuatu? Are those branches not worthy of your trust?
  • #8
  • Feb 27, 2021 6:37pm Feb 27, 2021 6:37pm
Quoting KoiFish
What if a broker is regulated by ASIC or ESMA, but they also have branches in other countries like Seychelles or Vanuatu? Are those branches not worthy of your trust?
no they arent. The only way they are giving 1:500 is if they are booking it not filling elsewhere.. The cost of doing the trade for them is 225 x your deposit for 1:500 if you use the leverage.

So no anyone with 1:500 on oil is a nono.
  • #9
  • Mar 2, 2021 8:50am Mar 2, 2021 8:50am
Quoting KoiFish
What if a broker is regulated by ASIC or ESMA, but they also have branches in other countries like Seychelles or Vanuatu? Are those branches not worthy of your trust?
To be completely blunt? No.
I'd actually go as far as to say that if a broker follows one regulation in one jurisdiction and provides the people of that jurisdiction a proper service, and then engages in shady practices in another jurisdiction because the regulation there is lackluster, that is a very, very bad look for that broker.
  • #10
  • Mar 2, 2021 1:45pm Mar 2, 2021 1:45pm
Quoting james1254
{quote} To be completely blunt? No. I'd actually go as far as to say that if a broker follows one regulation in one jurisdiction and provides the people of that jurisdiction a proper service, and then engages in shady practices in another jurisdiction because the regulation there is lackluster, that is a very, very bad look for that broker.
And you consider offering higher leverage a "shady practice"?
  • #11
  • Mar 3, 2021 8:41am Mar 3, 2021 8:41am
Quoting KoiFish
{quote} And you consider offering higher leverage a "shady practice"?
It depends on the other practices of said broker. If they have poor customer service, no transparency on their business model, are registered, as mentioned, in an offshore zone, etc that 1:500 or 1:1000 leverage such brokers offer does become a questionable practice, yes. Context is important.
  • #12
  • Mar 13, 2021 4:37pm Mar 13, 2021 4:37pm
Quoting james1254
{quote} It depends on the other practices of said broker. If they have poor customer service, no transparency on their business model, are registered, as mentioned, in an offshore zone, etc that 1:500 or 1:1000 leverage such brokers offer does become a questionable practice, yes. Context is important.
your advice that is or working with leverage 30 or go out from forex!
do you know how much need for the same trade? 20 times more money! I think some brokers like Peperstone and Icmarket are trusted and we can trust for continues with overseas branches.
  • #13
  • Mar 19, 2021 8:53pm Mar 19, 2021 8:53pm
Quoting james1254
{quote} It does. Unregulated brokers cannot be trusted, that was my point.

My account its in axitrader (well known Australian broker); at the begining of this leverage crap they proposed me to move my account to somewhere in the Caribbean IF waned to maintain the leverage (1:400) i did gave the the green light

a LOT of positive trades later, not a single execution "glitch", not a single "spread" problems or whatever you can imagine and LOTS of withdraws made effective in minutes.. Im disappointed !! i never had a single problem, ever!!

i was waiting to lose it all but, didn't happened.. ever.. im mad !! or the forums are wrong?? have no idea xD
  • #14
  • Last Post: Mar 20, 2021 6:14am Mar 20, 2021 6:14am
Quoting Blackice
Hi Anyone know good broker has WTI with leverage 400 or 500 ? Thanks
One of my accounts is with XM with leverage 400 or more. Not sure if it’s good though but I find it ok making deposits and executing withdrawals.
It’s offshore.. am bearing my own risks with super low capital.
0 traders viewing now