What is the maximum leverage that is allowed in forex trading?

Leverage limits in forex trading vary by country and regulatory authority, but they typically range from 30:1 to 500:1. The maximum leverage allowed for retail forex traders in the United States is 50:1, as mandated by the Commodity Futures Trading Commission (CFTC). Setting leverage limits is done to protect traders from excessive risk and potential losses. When traders use a high level of leverage, even minor market movements can result in large gains or losses, quickly depleting a trader's account balance. Regulators hope to protect traders while also promoting a more stable and transparent forex market by limiting leverage.

HextraPrime FX broker offers 1:5000 lev

In my opinion, it depends on platform to platform and can vary depending on the regulations of the country or region where the broker is based, as well as the broker's own policies.

I think there is no point for brokers to offer the leverage if any sizeable price move (like 10 pips up or down and there are no quotes inside that move) will leave trader with negative balance, i.e. it will owe broker. I think this situation can be a common problem for leverages that exceed 5000.

I think the maximum leverage of forex trading depends on the country you are trading in and the broker's policies. For example, in the US, the maximum leverage is limited to 50:1 for major currency pairs and 20:1 for non-major currency pairs.

If you are faced with a leverage higher than 1:500, you are facing a scam.

It usually depends from broker to broker and rules and regulations of country you're trading in.

If a broker has a large leverage, make sure it is regulated, this is very important.

I agree, 1:500 is the best leverage.