Any legit 1000:1+ leverage brokers?

Title pretty much says it all.

I'm trying to find a broker with 1000:1+ leverage offering services to the US. Out of all the bucket shop scammers at least one of these max leverage brokers has to payout. Yes 1000:1 is a ridiculous amount of leverage and I will probably lose the $100 or $200 starting balance but hey it only takes one profitable trade to more than double, triple, or even quadruple an account with such high leverage. Ultimately the result will be determined by one strategically placed trade. For anyone that can hone their trading skills to consistently win with a 20 pip stop @ a fairly good accuracy high leverage has great potential.

Whatever the outcome may be this will be a fun experiment.

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Potential Earnings Table

Starting Balance $100------------------Risk 20 pip(50%)---------- TP 40 pip

$$$-----------------# Lots------------Leverage
0. $100
1. $200-----------------0.25----------------1000:1
2. $400-----------------0.5-----------------1000:1
3. $600-----------------0.5-----------------1000:1
4. $1,000----------------1------------------1000:1
5. $1,400----------------1-------------------500:1
6. $2,100----------------2-------------------500:1
7. $3,700----------------4-------------------500:1
8. $5,300----------------4-------------------500:1
9. $8,500----------------8-------------------200:1
10. $11,700-------------8-------------------200:1

Total - $100 to $11,700 with only ten trades netting 400 pips for a risk to reward ratio of 1:117! That's right make it to number 10 1 out of 117 times and you'll brake even. Remember it isn't necessary to win 10 times in a row! 10 losses could occur (not in a row obviously) over the course of reaching #10. Maybe this doesn't sound so crazy anymore?

Kayla the trader says "I only want $1,000 $11,700 is to much!" well Kayla here are the stats

$100 to $1,000 with only 4 trades netting 160 pips for a risk to reward of 1:10. Surely it is possible to win 4 trades netting 40 pips each?

The above chart is according to Traders Way leverage table posted further down the page. Note - Sure you will have losses and those losses will be roughly 33-50%. The good news is every winner should be 60% to 100% or more. This chart could also be scaled down to represent any %Risk such as 25% or 10% all fairly high risk/reward situations considering most traders opt for 1-5% risk.

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Comparison of two 1000:1+ brokers

Researching a bit more into FxGlory and Traders way to try an give try and give a comparison of the two.

Every Company offering super high leverage is generally targeted to small balance retail traders. Which means they will not offer 1000:1 to someone with $20,000. Anyways the point is the leverage they offer is conditioned in levels of margin or balance.

Lets compare Leverage vs Margin

Traders way -

balance lower than 1000
1:1000

balance from 1001 to 5,000
1:500

balance from 5,001 to 10,000
1:200

balance from 10,001
1:100


FxGlory -

Equity, USD Maximum leverage

$1-999
1:3000

$1000-1999
1:2000

$2000-2999
1:1000

$3000-4999
1:500

$5000-9999
1:400

$10000-29999
1:200

Above $30000
1:100

Fairly similar to TW except they have more leverage retargeting levels (7). Remember this change will happen automatically when a trade is open. Potentially reducing profits to some extent by increasing used margin if the trade isn't automatically closed.

Right off the bat we notice FxGlory offers more leverage on each respective level. So if you absolutely need max leverage maybe FxGlory is the way to go. I opted for TW because TW has fewer Retargets and thus fewer interrupted trades. One of those interrupted trades could be a whopper netting 1,000's of dollars.

As far as FxGlory offering more leverage IMHO it isn't needed. 1000:1 is perfect allowing for a 20 pip stop @ 50% risk. Any larger than that and you'll be risking the whole account on 1 trade. At least with 50% risk it is possible to adjust $@risk per trade eventually trading back up to break even or beyond. However if your consistently earning more than $5,000 each month with a method like this then the better option would be FxGlory or another high leverage broker since FxGlory doesn't have a withdrawal limit whereas Traders Way's max is $5,000 per month.



Payment processors

Traders Way

Wire Transfer
WebMoney
Credit/Debit Card
MoneyBookers and MoneyBookers Prepaid Debit Cards
CashU


FxGlory


Credit/Debit Card
Paypal
Payza
MoneyBookers
OkPay
WebMoney
Neteller


Comparing the above FxGlory clearly has the upper hand. Paypal and Payza are vary popular easily accessible payment processors for US customers.


Spread



Traders Way -

MT4 Var Account - This is the account I signed up for since I didn't sign up for any of the other account options I can not speak for live spread results of other accounts offered. Listed below are the average spread over the last few days displayed via live MT4 results not the results listed on site.

EUR/USD - 1.7
GBP/USD - 1.9
USD/JPY - 1.7 pip.

These are darn good spreads wouldn't you agree?



FxGlory -

EUR/USD - 2
GBP/USD - 3
USD/JPY - 3-4

Not so attractive but still fairly reasonable. Most would rather spread of 2 pips and under for the major's.



Deposit/Withdrawal Restrictions



TradersWay

No deposit restrictions

$5,000/Month Max Withdrawal


FxGlory

No deposit or withdrawal Restrion



FxGlory takes the win again!


The only question left is which offers a more reliable trading client? <- Most important question of them all

Sorry I can not offer this information till after testing both brokers.


Both brokers have advantages and disadvantages. Choose the one with the advantages you consider most important. My personal assessment is as follows FxGlory may have the overall upper hand 3 important factors are Leverage increment, Payment processors, and Spread. If you compromise on Spread (or only trade E/U) FxGlory could be the broker for you. As a side note just because 3000:1 is offered doesn't mean you have to use all of it.


A bit of advise = Before even considering trying this you absolutely need to know with 100% certainty how well your system works or how well you can expect it to preform. This is for traders who've been in the business for a while, already have a profitable system, are looking for a high yield investment or just to spice things up. Whatever the case may be don't attempt this as a newbie.

Good Luck And Good Trading Friends,
Johnn2Pips

According to this thread at babypips the only broker accepting US Clients offering 1000:1 leverage is http://fxvv.com/, but they're unregulated.

There's FXGlory which offers up to 3000:1 leverage, but again unregulated.

Question.. Any legit 1000:1+ leverage brokers?

Answer.. NOOOOOOOOOOO!!!!!!!!

Hey, I have been using Tradersway for several months, along with another couple traders I know. I have withdrawn from them a couple times with no issue.

So far so good. The only issue I have had so far is they lost their feed for about 4 hours once and it takes a while to get a response from support at times.

I would second that and I have been using Trader's way for a while - no issues on withdrawal and yeah they do offer 1000:1 but have not used the high end leverage myself..

Recommended from a long lasting active member. Several other good review around the net from users with large post counts. Bonuses seem reasonable if that's your thing). Over all TW appears to be legit or at least legit enough to test run functionality live. My only complaint is they don't offer paypal deposits.

1000? Crazy. Surely too much risk.

if you want paypal, go with FXGlory, they offer 3000:1 leverage and paypal. however, I admit their support was quite poor when I was trying to close out my account with them.

LOL, never wanted to use the crazy leverage but guess some do prefer to go all the way..just the thought of risk associated with high end leverage is enough to make me stick with the low range..

High leverage is only risky if you don't understand the underlying implications.

When you place a trade, the leverage determines how much of your own money is put into the brokers black box that you can't touch whilst the trade(s) are open.

High leverage = you're only putting a very small % of your money into that black box each trade so you can place many more trades with a bigger lot size.

Low leverage = a greater % of your money is put into the brokers black box so you're limited to how many trades you can place.

So there's nothing wrong with 1000+ leverage if you don't go crazy and either over-trade or use lot sizes beyond your account size risk.

Brokers like to offer large leverage to temp the itchy fingers and those trading on tilt, it's a fast way to lose your money, but there's no harm in placing 20 trades using 0.01 with a £500 account for example, if you use a 100 pipette stop loss; it allows exposure to the market and to diversify your punts. Some of those small risk entries can turn into beasts given time and resisting the temptation to close them too early.

So in above example, if you got stopped out on all those 20 trades = 20 x 100 pipettes = 2,000 pipette loss. Let's say the pip-to-pound value is ~65%, then that's £13 loss which is 2.6% risk on a £500 account. However, if just one of those trades survived a few weeks trend, then it would more than pay for the loss of the other nineteen losses.

Summary - shotgun the charts using leverage as your friend.

This is more of a test of my skills than anything else. Of course it would be great to make a lot of money doing this but that isn't the point. At least not yet. I'd like to find out how well I can predict price movements. Especially under the pressure of risking 50% of an account on one trade. For example if a potential setup occurs how close to the top or bottom of that short term high/low can I predict a reversal before it happens and with what accuracy? To start with why not try to shoot for within 20 pips. Then maybe if needed drop down to 10 if all goes well at 20. It wouldn't take vary many 20 to 50 pip trades to make a good chunk of cash with high leverage and a small deposit of only $200. The ultimate goal would be to predict price movements withing 10-30 pips of a high/low then use max leverage offered to maximize potential profits. Honestly though most people certainly would be happy to consistently profit with a 20-40 pip stop.

The point is to risk it all on one or two trades to test the traders skill and increase potential profit. If the account should end up flat line train harder for another few months with a regular account at whatever risk your comfortable with then try again. Lets say for example you normally trade with a 50 pip stop and have a winning accuracy of 70%. (Fairly reasonable expectation) In this case one could deposit $200 risk whatever 50pips worth would be till margin call potential profit would likely be from 50-100 percent of the account each trade assuming 50-100 pip profit target. For a swing trade one trade could risk 50 pips and make several hundred over the course of a week or month potentially multiplying the account several times over on one trade. So there you have it a more conservative yet still risky approach to all or nothing high leverage trading. Note it may be advisable to stay at the same risk level after the first win to improve the odds of keeping said account alive should a 50 pip loss occur. Alternatively one could "hit n run" one trade win or lose withdraw all winnings/loss.

Tons of bad reviews on fxglory. 3000:1 is tempting though.

exness

LOOL,

I am completely sure that this is IMPOSSIBLE for broker to provide 1:1000 leverage and to hedge your trades. It is just impossible.
So, be aware that if you will earn reasonable amount of profit, you can get problems during withdrawal. These are not news
read across the internet, thousands of such incidents.

I actually did use FXGlory and had no problems with them. Granted, it was a small account. But I about tripled my account, took my money out, and ran. If you are looking to trade with a small account and high risks (why else would you want such a high leverage?), you can give them a try. But I wouldn't recommend using an unregulated broker if you have a large account.

Yeah, we have all been there and done that, usually when we just start trading, which often leads to a total wipe out (it took me all of 7 hrs to wipe out my $800 account). But ever since then, pref the safe option or what goes for that today. I may give the crazies a try but with a small $, prob later down the month. It is tempting to give the 1:1000 a try, that's a given..

I hear ya brother. My first trading experience was trading off the tick chart @ Fx Solutions which was the American side of Etoro (out of business). Total newbie didn't even know about babypips or what support and resistance was LOL. The fist trade went great leveraged to the gills and a bit of heavenly intervention I somehow pulled 200 bucks outa the market. The next day however was my vary first margin call . (This was about 5 or 6 years ago) <- This very experience is what drove me to learn more about the markets, to suddy those who have been successful over the years, to buy/read every book possible ect. It's been a long yet enjoyable journey and will be for many years to come.

Most people tend to prefer low risk situations and for those types I'd suggest (for any newbie reading this thread) a normal broker or as you said test these high leverage brokers with a small amount of money like $25 or $50. Most important though demo trade or small account live trade whatever strategy you use to get a real life understanding of how well (or not so) it does.

If TradersWay doesn't work out I'll research FxGlory again. Even if it does paypal would be lot more useful than debit card and/or bank transfers. Since Moneybookers and webmoney don't accept US customers or at least it's difficult to get money into these two accounts from the US.