The Top 10 Best High Leverage Forex Brokers revealed. We have rated and reviewed the Best Forex Brokers who offer High Leverage.
This is a complete listing of The 10 Best High Leverage Forex Brokers in South Africa. In this in-depth write-up you will learn:
- Who is the Best High Leverage Broker suited to Beginner Traders?
- Pros and Cons of High Leverage Trading.
- High-Risk Trading and how trading forex works.
- High Leverage – Explained.
- Best highest leverage brokers from 1:500, 1:3000, 1:5000 and 1:10 000
- Our recommended High Leverage broker on MT4 and MT5.
and much, much more!
High Leverage – A Definition
Leverage is borrowed funds that are used to increase an investor’s trading position beyond what would be available from their cash balance alone. Leverage in Forex is used to invest in a currency, stock, or security.
10 Best High Leverage Forex Brokers – A Comparison
🔎 Broker | 📈 High Leverage | 💰 Minimum Deposit | 📈 Leverage | 🚀 Open an Account |
🥇 AvaTrade | ☑️ Yes | $100 USD | 1:400 | 👉 Click Here |
🥈 XM | ✅ Yes | $5 USD | 1:1000 | 👉 Click Here |
🥉 Saxo Bank | ☑️ Yes | $2000 USD | 1:30 | 👉 Click Here |
🏅 Exness | ✅ Yes | $10 USD | 1:1000 | 👉 Click Here |
📌 Easy Markets | ☑️ Yes | $100 USD | 1:400 | 👉 Click Here |
📍 IG | ✅ Yes | $140 USD | 200:1 | 👉 Click Here |
📌 GO Markets | ☑️ Yes | $200 USD | 500:1 | 👉 Click Here |
📍 Alpari | ✅ Yes | $100 USD | 1:50 | 👉 Click Here |
📌 FXTM | ☑️ Yes | $10 USD | 1:2000 | 👉 Click Here |
📍 FP Markets | ✅ Yes | $100 USD | 500:1 | 👉 Click Here |
10 Best Forex Brokers in South Africa for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
10 Best High Leverage Brokers (2024)
- AvaTrade – Overall, Best High Leverage Broker
- XM – MT4 High Leverage Broker
- Saxo Bank – High Trader Trust Score
- Exness – Leverage Offered on All Supported Markets
- easyMarkets – Globally Regulated Forex Trading Broker
- IG – Offers A High Leverage Ratio
- GO Markets – User-friendly High Leverage Broker
- Alpari – Top-ranking High Leverage Trading Platform
- FXTM – Highest Leverage For All Traders
- FP Markets – Best High Leverage Broker with Low Spreads
AvaTrade
Avatrade can be summarised as a safe and trustworthy broker with a user-friendly copy trading platform. Avatrade is licensed by the FSCA. Avatrade offers 0% commission on trades and has an overall trust rating of 94 out of 99.
AvaTrade Overview
🔎 Broker | 🥇 AvaTrade |
📜 FSCA regulated | ✅ Yes |
🚀Bonus | ✅ Yes |
🔥Trust Score | 94% |
🔥Live support | 24/5 |
📱 MetaTrader 4 (MT4) | ✅ Yes |
📱 MetaTrader 5 (MT5) | ✅ Yes |
📊Trading Islamic Account | ✅ Yes |
📊CFDs - Total Offered | 681 |
💰 Spreads | 0,9 pips |
💰 Withdrawal fee amount | Zero |
💰 Trading fees class | Very Low |
✔️ Scalping Allowed | ✅ Yes |
🚀 Open a account | 👉 Click Here |
AvaTrade Leverage
AvaTrade makes leverage available up to 1:400. Furthermore, AvaTrade offers a beginners guide to leverage trading that covers important points such as:
- What is Leverage in Trading
- What is Margin Trading
- Pros and Cons of Leverage
- Example of Leverage Trading
and much more.
AvaTrade Pros and Cons
✅ Pros | ❎ Cons |
Wide range of CFDs assets to trade - 1000+ | You can’t buy stock or cryptocurrency |
Worldwide regulated | Cryptocurrency deposit is not accepted |
Award winner | Quarterly and annual inactivity fees |
Multiple platform – MT4, MT5, etc | Costumer support is not available 24/7 |
Negative balance protection | No bonus for EU based clients |
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
XM
Overall, XM is considered a trustworthy and safe broker with average risk with spreads as low as 0.6 pips. XM has an above-average trust score of 84 out of 99. XM is not a publicly traded company but is authorized by two tier-1 regulators (high trust) Best of all, XM is available in 40+ languages.
XM Overview
🔎 Broker | 🥇 XM.com |
📌 Regulation | FCA |
🌐 Countries not accepted for trade | United States |
📎 Bonus | ✅ Yes |
📒 Demo Account | ✅ Yes |
📌 Fees | from $ 3.5 |
📌 Spreads from | 0.6 to 1.7 pips |
📌 Commission | No |
✴️ Institutional Accounts | No |
👨🏼💼 Managed Accounts | No |
⬆️ Maximum Leverage | 1:888 |
💰 Minimum Deposit | $5 USD |
🚀 Open an Account | 👉 Click Here |
XM Leverage
Depending on the XM account type a trader chooses to open they can choose the leverage on a scale from 1:1 to 1000:1.
XM Pros and Cons
✅ Pros | ❎ Cons |
Fast digital account opening | Account types vary according to jurisdiction |
Min Deposit USD 5 Regulators IFSC, FCA, CySEC, ASIC, CMA Trading Platform MT4, MT5 Total Pairs 55+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Saxo Bank
Overall, Saxo Bank can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. Saxo Bank has an overall trust score of 80 out of 99. Offers traders 60,000+ instruments on selected accounts
Saxo Bank Overview
🔎 Broker | 🥇 Saxo Bank |
💵 Min. Deposit | $2000 USD |
✋ Inactivity Fee | ☑️ Yes |
🆓 Demo Account | ☑️ Yes |
✒️ Regulation | FSA / FCA |
🚀 Open an Account | 👉 Click Here |
Saxo Bank Leverage
Saxo Bank makes leverage available up to 1:30. Furthermore, a course on Margin and leverage is made available.
Saxo Bank Pros and Cons
✔️ Pros | ❌ Cons |
Great trading platform | High bond, options, and futures fees |
Outstanding research | High minimum deposit |
Broad product portfolio | Lacks live chat and 24/7 availability |
Min Deposit
USD 2000
Regulators
FCA, FINMA, FSA, ASIC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
160+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Exness
Overall, Exness can be summarised as a trustworthy and regulated broker that is very competitive in terms of its trading fees (against major currency pairs). The spread is also very low and offers a sign-up bonus for 1st-time traders.
Exness Overview
🔎 Broker | 🥇 Exness |
📝 Regulation | Multiple |
💻 Trading Desk | Market Maker, NDD |
🎉 Sign Up Bonus | None |
➖ Min. Deposit from | $10 USD |
🔁 Spreads from | 0.1 Pips |
➕ Max Leverage | 1:2000 |
💳 Commission | Yes |
🛑 Inactivity Fee | No |
🚀 Open an Account | 👉 Click Here |
Exness Leverage
Exness makes access available to more than 100 Forex Pairs and offers leverage of up to 1:1000.
Exness Pros and Cons
✔️ Pros | ❌ Cons |
Segregates client funds | Limited range of instruments |
Established in 2008 | Not FCA Regulated |
Min Deposit USD 10 Regulators CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA Trading Platform MT4, MT5, WebTerminal, Exness Terminal Crypto Yes Total Pairs 97 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
easyMarkets
Overall, easyMarkets is considered low-risk, with an overall Trust Score of 89 out of 100. easyMarkets is licensed by zero tier-1 regulators (high trust) and two medium trust tier-2 regulators (ASIC and CySEC). easyMarkets offers 3 trading accounts.
easyMarkets Overview
🔎 Broker | 🥇easyMarkets |
🎉Bonus | ✅ Yes |
Regulation | ASIC / CySEC |
📱 MetaTrader 4 (MT4) | ☑️ Yes |
📱 MetaTrader 5 (MT5) | No |
📊Trading Islamic Account | ✅ Yes |
📈 Spreads | 0.9 pips |
📉 Leverage | 1:400 |
💰 Withdrawal fee amount | None |
🚀 Open an Account | 👉 Click Here |
easyMarkets Leverage
easyMarkets offers traders a complete trading experience with leverage of up to 1:400. Furthermore, an article on leverage is made available.
easyMarkets Pros and Cons
✔️ Pros | ❌ Cons |
Segregates client funds | Doesn’t offer VPS |
Established in 2003 | Limited range of instruments |
Regulated by CySEC and ASIC | Not FCA Regulated |
Min Deposit USD 100 Regulators CySEC, ASIC, BVI, FSA Trading Platform MT4, Proprietary Platform Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
IG
Overall, IG can be summarised as a trustworthy broker that provides user-friendly trading conditions and quality educational material. It can be considered a low-risk option that is an excellent fit for pro traders.
IG Overview
🔎 Broker | ✅ IG Group |
💰 Trading Fee Class | High |
💵 Inactivity Fee | ✔️ Yes |
💳 Minimum Deposit | $140 / R2240 ZAR |
💡 Base currencies | 6 |
✅ Demo Accounts | ✔️ Yes |
📌 Products Offered | ETF, Forex, Options |
🔎 Open an Account | 👉 Click Here |
IG Leverage
IG offers traders a complete trading experience with leverage of up to 200:1. Furthermore, an article on leverage and its impact of leverage on trading is made available.
IG Pros and Cons
✅ Pros | ❎ Cons |
Excellent Web-Trading Platform | High Forex and Stock CFD Fees |
Excellent Educational Tools | Limited Product Portfolio |
Great Deposit and Withdrawal options | Slow Customer Support |
🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 0
Regulators
FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
GO Markets
Overall, GO Markets can be seen as a reputable and worthwhile broker that is very competitive in terms of its trading fees (against major currency pairs). The spread is also very low and is considered average risk.
GO Markets Overview
🔎 Broker | 🥇 Go Markets |
💰 Minimum deposit | $200 USD |
🆓 Demo | ✅ Yes |
✋ Inactivity fee | No |
💳 Withdrawal Fee | No |
💵 Base Currency | 10 |
🚀 Open an Account | 👉 Click Here |
GO Markets Leverage
By default, all GO Markets accounts are set up using a leverage rate of 100:1 (1%). According to the account balance, the client may choose a rate between 1:1 (no leverage) to a maximum of 500:1.
GO Markets Pros and Cons
✅ Pros | ❌ Cons |
Low forex fees | Limited product selection |
Fast account opening | Lacking customer support |
Educational tools | No investor protection for non-EU clients |
Min Deposit USD 200 Regulators ASIC, CySEC, FSC, FSA, SCA Trading Platform MT4, MT5 Crypto Yes Total Pairs 50+ Islamic Account No Trading Fees Low Account Activation 24 Hours
Alpari
Overall, Alpari can be summarised as a credible and trusted broker that is very competitive in terms of its trading fees (against major currency pairs). The spread is also very low and is considered a low-risk trading environment.
Alpari Overview
✅ Pros | ❌ Cons |
Low forex fees | Limited product selection |
Fast account opening | Lacking customer support |
Educational tools | No investor protection for non-EU clients |
Alpari Leverage
Alpari makes leverage available up to 1:50. An Alpari Leverage, Margin, and Commission breakdown is additionally made available.
Alpari Pros and Cons
✔️ Pros | ❌ Cons |
Demo Accounts and Social Trading | Limited educational resources |
Great copy trading broker | Lack of resource tools |
A diverse selection of tradeable assets | High fees |
Good support in over 30 languages | Withdrawal fees |
Min Deposit USD 100 Regulators FSC Trading Platform MT4, MT5 Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
FXTM
Overall, FXTM can be summarised as a credible and trusted broker that is very competitive in terms of its trading fees (against major currency pairs) and offer daily trading webinars. Their spread is also very low and is considered a low-risk trading environment. FXTM is considered safe as the FCA regulates it.
FXTM Overview
🔎 Broker | 🥇 Pepperstone |
📌 Regulation | (FCA), ASIC, CySEC, DFSA, BaFin, SCB and FSCA. |
☪️ Islamic Account | ☑️ Yes |
🆓 Demo Account | ☑️ Yes |
📍 Institutional Accounts | ☑️ Yes |
📊 Managed Accounts | ☑️ Yes |
📈 Maximum Leverage | 1:500 |
💰 Minimum Deposit | $200 |
📌 Open an Account | 👉 Click Here 👈 |
FXTM Leverage
FXTM makes leverage available up to 1:2000. An FXTM Leverage, Margin, and Commission breakdown are additionally made available.
FXTM Pros and Cons
✔️ Pros | ❌ Cons |
One of the best Forex Brokers worldwide | Withdrawal fee |
Regulated by the CySEC and several other Forex authorities | High Stocks trading Spread |
Min Deposit USD 10 Regulators FCA, CySEC, FSC Trading Platform MT4, MT5, FXTM Trader Crypto No Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
FP Markets
Overall, FP Markets is considered a low-risk and can be summarized as trustworthy and reliable. FP Markets is fully licensed and regulated by the Securities Commission of the Bahamas (SCB). FP Markets is currently ranked #13 out of 992.
FP Markets Overview
🔎 Broker | 🥇 FP Markets |
📌 Regulation | CySEC, ASIC |
☪️ Islamic account | ✅ Yes |
👍 Demo Account | ✅ Yes |
📊 Institutional Accounts | No |
📊 Managed Accounts | No |
📈 Maximum Leverage | 1:400 |
💰 Minimum Deposit | $100 USD |
Open an Account | 👉 Click Here |
FP Markets Leverage
FP Markets specifically designed the FP Markets Pro Account in order to allow eligible traders to maintain a maximum leverage ratio of 500:1.
FP Markets Pros and Cons
✅ Pros | ❎ Cons |
Easy and fast account opening | Limited product portfolio |
Low trading fees | High CFD fees |
Fast execution of trades | High minimum deposit |
Low Forex fees | High fee for international bank withdrawal |
Min Deposit USD 100 Regulators ASIC, CySEC, FSCA, CMA Trading Platform MT4, MT5, Iress Trader, cTrader Crypto Yes Total Pairs 70+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Tax implications of forex trading
Forex gains are generally taxed as capital gains. This means that you will pay tax on the profit you make from selling the currency, but you can deduct any losses you suffer. The amount of tax on a capital gain will vary depending on your income and how long you have worked at the job.
Short-term investments (less than one year) are generally taxed on capital gains, while long-term investments (less than one year) are taxed at a lower rate.
Some countries have special tax laws for Forex investors. For example, in the United States, Forex traders can choose to be taxed under Section 988, which allows them to treat their gains and losses as ordinary income and deductions.
It is important to consult a tax advisor to determine how a currency will be taxed in your particular situation. They can help you understand the tax laws in your jurisdiction and develop tax strategies to reduce your tax liability.
Even if you do not make a profit, you must declare your foreign business activities in your tax return.
You can deduct some of the costs associated with your Forex transactions, such as commissions, fees and financial information services.
Keep good records of your Forex trading activities, including your transactions, gains, losses and expenses. This will make it easier for you to file your taxes and comply with tax laws.
How to select a Forex Broker
Make sure the broker you choose is licensed by a reputable body such as the South African FSCA. This saves your money and ensures compliance with industry standards.
Compare delivery, payment and other costs. Less spread and competition means lower market value. Consider whether a fixed spread or a variable spread suits your style better.
What to consider when opening a forex account
Make sure the broker you choose is licensed by a reputable organization in your area. This saves your money and sets business standards. Compare transmission, payment and other costs. Look for competitive prices that match your business frequency and volume.
Understand the magnitude of risk and choose the level appropriate to your experience and risk appetite. Don’t get caught up in excessive spending. Explore different platforms by focusing on user preferences, functionality, and interactions with devices.
Choose an account that suits your needs and business volume. Consider Standard, Mini or Islamic money depending on your preferences. Establishing risk management to limit potential losses and conduct responsible business.
How to develop a forex trading strategy
Define your risk tolerance, trading (scalping, day trading, swing trading) and time commitment. This will take the form of your idea. Choose your exchange partner and learn about trading results, indicators and history. Understand the “why” behind price changes.
Create clear rules for entering and exiting trades based on the metrics and metrics you choose. Use tools like support/resistance, moving averages and stochastic oscillator. Adjust drawdown and stop loss to control investment losses and ensure profitability. Remember, risk management is the key to long-term success and rights are reserved.
Use a demo account to test your strategy against historical data. Measure its performance and improve as a result. Remember that past performance is no guarantee of future performance, but retrospective analysis can provide insight.
How to set a stop loss order
A stop loss order is an important risk management tool used to limit the loss of trading capital in Forex trading. To avoid further losses if the market moves against you, it is important to instruct your broker to close your position when the price reaches a certain level.
Conclusion
👉 Now it is your turn to participate:
➡️ Which High Leverage Broker from this list do you intend to test out?
➡️ What was the determining factor in your decision to engage with a certain broker?
➡️ Was it because of the High Leverage on offer or the Pros and Cons?
👉 Regardless, please share your thoughts in the comments below.
You might also like: AvaTrade Review
You might also like: XM Review
You might also like: Saxo Bank Review
You might also like: Exness Review
You might also like: easyMarkets Review
Frequently Asked Questions
Which broker has the highest leverage?
According to research, the highest fee of 1000:1 is offered by FXTM.
What are the pros and cons of high leverage trading?
The biggest advantage of high leverage trading is the significant increase in a trader’s profit during trades. The biggest disadvantage on the other hand is that the risk is also extremely high, but rights reserved.
How do forex brokers provide leverage?
Most Forex brokers generally function as middlemen between the trader and the interbank market. Since the foreign exchange market pairs usually fluctuate at only 1% in an intraday period, brokers can typically manage the risk of all traders’ profits and losses, while providing high leverage.
Do Forex brokers charge a fee for leverage?
Yes. Forex Brokers tend to charge overnight fees. Traders have to pay overnight fees in order to trade with borrowed capital. Furthermore, some brokers will also have fixed margin fees.
Can I trade cryptocurrencies with leverage?
Yes. However, cryptocurrency leverage is often extremely small when compared to leverage available for FX pairs.
Featured SA Shares Writer and Forex Analyst.
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