Looking for FX broker with 500:1 leverage | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Maximum amount you would keep with your broker? 35 replies

Code mq4 - maximum risk, money management? 3 replies

Can Maximum Profits be Consistently Attained? 38 replies

MT maximum history 2 replies

Q: Enable maximum deviation from quoted price 5 replies

Looking for FX broker with 500:1 leverage

  • #1
  • First Post: Sep 10, 2024 3:18am Sep 10, 2024 3:18am
Hellow everybody
I live in australia, and I want to open a forex account, but all the FX companies have a leverage of 1:30, but I want a highr lavarege, 1:500.

What do you recommend?
  • #2
  • Sep 14, 2024 12:52pm Sep 14, 2024 12:52pm
Quoting ghazy_55
I want a highr lavarege, 1:500.

What do you recommend?

I recommend changing what you want, and re-educating yourself with the aim of eventually understanding that having your leverage limited to 1:30 is NOT what’s preventing you from trading profitably.

As regulators regularly explain to the governments that fund them, in their annual reports, nobody trading with 1:500 leverage is trading profitably, long-term.

There are reasons for that.
  • #3
  • Sep 26, 2024 9:28pm Sep 26, 2024 9:28pm
Quoting ghazy_55
Hellow everybody I live in australia, and I want to open a forex account, but all the FX companies have a leverage of 1:30, but I want a highr lavarege, 1:500. What do you recommend?

I hold a different view. As new traders/Beginer like me, we usually need leverage because we don’t have much confidence in trading in forex market, but we want to trade with real money instead of demo accounts. Isn’t the emergence of leverage because we want to join the foreign exchange market with the smallest amount of funds? The leverage that my broker in my country currently gives me is 1:1000, but I still using 0.01 lot to get into the market and I only trade GPB/USD
  • #4
  • Sep 28, 2024 5:06am Sep 28, 2024 5:06am
Estoy Probando XM, con 1/1000, tiene los spread bastante bien, comparado con FBS, que es mi broker desde hace 7 años, lo q nadie dice,con este apalancamiento tienes que tener un determinado capital, y lo principal es aprender a no perder!! es lo principal!! la ganancia te viene sola!!
  • #5
  • Oct 31, 2024 11:35pm Oct 31, 2024 11:35pm
Quoting ghazy_55
Hellow everybody I live in australia, and I want to open a forex account, but all the FX companies have a leverage of 1:30, but I want a highr lavarege, 1:500. What do you recommend?
Become a pro client - 30:1 is for ASIC retail, ASIC Pro get 500:1. You're safer doing this than using a dodgy offshore broker.

Most tests are easy enough. I'm a pro on 8Cap, Fusion, Pepper and IC.

If you can't pass the pro tests, then you shouldn't be using 500:1
  • #6
  • Nov 17, 2024 12:30pm Nov 17, 2024 12:30pm
Quoting split41
Become a pro client - 30:1 is for ASIC retail, ASIC Pro get 500:1.
This is completely wrong.

You’ve bought into what unscrupulous brokers want you to believe.

Those “Pro” accounts offering leverage above 1:30 are not regulated by ASIC, even if the broker is: they’re regulated offshore (if at all).

It’s not about where the broker is regulated: it’s about where YOUR ACCOUNT is regulated.
  • #7
  • Dec 10, 2024 7:54pm Dec 10, 2024 7:54pm
Quoting Quickly
{quote} This is completely wrong. You’ve bought into what unscrupulous brokers want you to believe. Those “Pro” accounts offering leverage above 1:30 are not regulated by ASIC, even if the broker is: they’re regulated offshore (if at all). It’s not about where the broker is regulated: it’s about where YOUR ACCOUNT is regulated.
No it's not, please educate yourself. You're still under the ASIC license, you're just treated as a sophisticated investor or wholesaler so you lose negative balance protection (for retail only) and gain more leverage. You're NOT on an offshore license. I even believe ASIC increased the requirements this year so it may not be as easy to qualify anymore. You still can dispute with AFCA, you just will be treated like someone who should know what they're doing.

I don't know where you're getting your information from (but I would recommend googling for yourself), what you said is completely wrong and very misleading to anyone who reads this thread.
  • #9
  • Jan 31, 2025 1:57pm Jan 31, 2025 1:57pm
Quoting traderfxfree
Hidden
First post broker recommendation?
How long with them? Profitable? Withdrawals?
?
  • #10
  • Jan 31, 2025 2:27pm Jan 31, 2025 2:27pm
Quoting DwnUndrTrdr
First post broker recommendation?

Obvious spam.


Quoting DwnUndrTrdr
How long with them? Profitable? Withdrawals? ?

If you ask questions, then you’re facilitating and encouraging it, aren’t you? Just report the post as spam!
  • #11
  • Jan 31, 2025 2:34pm Jan 31, 2025 2:34pm
Quoting Quickly
{quote} Obvious spam. {quote} If you ask questions, then you’re facilitating and encouraging it, aren’t you? Just report the post as spam!
I wanted to open an account..
  • #12
  • Jan 31, 2025 3:20pm Jan 31, 2025 3:20pm
Quoting DwnUndrTrdr
{quote} I wanted to open an account..

Don’t even think about it!!! If they can offer 1:1,000 leverage, then by definition they’re not properly regulated. It doesn't get much simpler than that.
  • #13
  • Feb 2, 2025 7:40am Feb 2, 2025 7:40am
Quoting Quickly
{quote} Don’t even think about it!!! If they can offer 1:1,000 leverage, then by definition they’re not properly regulated. It doesn't get much simpler than that.
Apologies, I was being facetious
  • #14
  • Feb 2, 2025 11:33am Feb 2, 2025 11:33am
Quoting DwnUndrTrdr
{quote} Apologies, I was being facetious

No - my apologies!! I’m so used to people who post here being naïve and gullible that I honestly didn’t realise. Sorry!!
  • #15
  • Feb 14, 2025 11:16am Feb 14, 2025 11:16am
Quoting ghazy_55
Hellow everybody I live in australia, and I want to open a forex account, but all the FX companies have a leverage of 1:30, but I want a highr lavarege, 1:500. What do you recommend?
The easiest way to trade with higher leverage is by using offshore CFD brokers i.e. brokers incorporated in countries where no license is required to provide trading services or countries in which the regulatory authority doesn't impose any restriction on the leverage amount offered. Offshore brokers are usually located in small island nations.
  • #16
  • Feb 14, 2025 1:28pm Feb 14, 2025 1:28pm
Quoting DLT.Sack
Offshore brokers are usually located in small island nations.

They’re really not!

They’ve just chosen to open a nominal office there (usually an accommodation address facility, sometimes with a local phone number and a nominee director) so that they can use a fake regulator that’s both unwilling and unable to protect any of the customers when there are “disputes” arising over their accounts and payouts.

They’re not typically located there, in any meaningful sense of the word “located”.

Please don’t take this the wrong way, but this thread (if you’re willing to read it carefully enough - under 3 pages!) may really help you to understand an important issue that clearly has you somewhat confused, at the moment - even to the extent that you’re actually propagating misinformation, here.
  • #17
  • Last Post: Mar 7, 2025 5:05am Mar 7, 2025 5:05am
I'm currently looking at Global Prime after watching a somewhat positive interview with their CEO on Youtube. They appear to operate more of an A-book setup than most of these bucket shop brokers.

I would avoid IC Markets. Will post a full thread once my new profile allows
0 traders viewing now