All Share (J203) = 74 312
Rand / Dollar = 19
Rand / Pound = 23.99
Rand / Euro = 20.51
Gold (usd/oz) = 2 210.36
Platinum (usd/oz) = 902.10
Brent (usd/barrel) = 86.50
Stock Alert : Intel stocks are down 14.07% in the last 24 hours – Buy Stock Here

10 Best High Leverage Forex Brokers

High Leverage Brokers Banner

 

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 AfricaIn 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 USD1:400👉 Click Here
🥈 XM✅ Yes$5 USD1:1000👉 Click Here
🥉 Saxo Bank☑️ Yes$2000 USD1:30👉 Click Here
🏅 Exness✅ Yes$10 USD1:1000👉 Click Here
📌 Easy Markets☑️ Yes$100 USD1:400👉 Click Here
📍 IG✅ Yes$140 USD200:1👉 Click Here
📌 GO Markets☑️ Yes$200 USD500:1👉 Click Here
📍 Alpari✅ Yes$100 USD1:50👉 Click Here
📌 FXTM☑️ Yes$10 USD1:2000👉 Click Here
📍 FP Markets✅ Yes$100 USD500:1👉 Click Here

 

 

10 Best Forex Brokers in South Africa for 2024

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

Buy AvaTrade shares

4.8/5

User Score

#2

4.7/5

User Score

#3

10 Best High Leverage Forex Brokers

4.5/5

User Score

#4

A review about Tickmill

4.4/5

User Score

#5

4.7/5

User Score

#6

4.6/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.4/5

User Score

#10

4.7/5

User Score

 

 

10 Best High Leverage Brokers (2024)

 

  1. AvaTrade – Overall, Best High Leverage Broker
  2. XM – MT4 High Leverage Broker
  3. Saxo Bank – High Trader Trust Score
  4. ExnessLeverage Offered on All Supported Markets
  5. easyMarkets – Globally Regulated Forex Trading Broker
  6. IG – Offers A High Leverage Ratio
  7. GO Markets – User-friendly High Leverage Broker
  8. Alpari – Top-ranking High Leverage Trading Platform
  9. FXTM – Highest Leverage For All Traders
  10. FP MarketsBest High Leverage Broker with Low Spreads

 

 

AvaTrade review

 

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 Score94%
🔥Live support24/5
📱 MetaTrader 4 (MT4)✅ Yes
📱 MetaTrader 5 (MT5)✅ Yes
📊Trading Islamic Account✅ Yes
📊CFDs - Total Offered681
💰 Spreads0,9 pips
💰 Withdrawal fee amountZero
💰 Trading fees classVery Low
✔️ Scalping Allowed✅ Yes
🚀 Open a account👉 Click Here

 

Avatrade Overview

 

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 Leverage

 

AvaTrade Pros and Cons

 

✅ Pros❎ Cons
Wide range of CFDs assets to trade - 1000+You can’t buy stock or cryptocurrency
Worldwide regulatedCryptocurrency deposit is not accepted
Award winnerQuarterly and annual inactivity fees
Multiple platform – MT4, MT5, etcCostumer support is not available 24/7
Negative balance protectionNo 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.com Review ZAR

 

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
📌 RegulationFCA
🌐 Countries not accepted for tradeUnited States
📎 Bonus✅ Yes
📒 Demo Account✅ Yes
📌 Feesfrom $ 3.5
📌 Spreads from0.6 to 1.7 pips
📌 CommissionNo
✴️ Institutional AccountsNo
👨🏼‍💼 Managed AccountsNo
⬆️ Maximum Leverage1:888
💰 Minimum Deposit$5 USD
🚀 Open an Account👉 Click Here

 

XM Review ZAR

 

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 Leverage

 

XM Pros and Cons

 

✅ Pros❎ Cons
Fast digital account openingAccount 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 Review ZAR

 

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
✒️ RegulationFSA / FCA
🚀 Open an Account👉 Click Here

 

Saxo Bank Landing Page

 

Saxo Bank Leverage

 

Saxo Bank makes leverage available up to 1:30.  Furthermore, a course on Margin and leverage is made available.

 

Saxo Bank Leverage

 

Saxo Bank Pros and Cons

 

✔️ Pros❌ Cons
Great trading platformHigh bond, options, and futures fees
Outstanding researchHigh minimum deposit
Broad product portfolioLacks 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 Review

 

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
📝 RegulationMultiple
💻 Trading DeskMarket Maker, NDD
🎉 Sign Up BonusNone
➖ Min. Deposit from$10 USD
🔁 Spreads from0.1 Pips
➕ Max Leverage1:2000
💳 CommissionYes
🛑 Inactivity FeeNo
🚀 Open an Account👉 Click Here

 

Exness Overview

 

Exness Leverage

 

Exness makes access available to more than 100 Forex Pairs and offers leverage of up to 1:1000.

 

Exness Leverage

 

Exness Pros and Cons

 

✔️ Pros❌ Cons
Segregates client fundsLimited range of instruments
Established in 2008Not 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 Review 

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
RegulationASIC / CySEC
📱 MetaTrader 4 (MT4)☑️ Yes
📱 MetaTrader 5 (MT5)No
📊Trading Islamic Account✅ Yes
📈 Spreads0.9 pips
📉 Leverage 1:400
💰 Withdrawal fee amountNone
🚀 Open an Account👉 Click Here

 

easymarkets Landing Page

 

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 Leverage

 

easyMarkets Pros and Cons

 

✔️ Pros❌ Cons
Segregates client fundsDoesn’t offer VPS
Established in 2003Limited range of instruments
Regulated by CySEC and ASICNot 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 forex broker Group Review

 

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 ClassHigh
💵 Inactivity Fee✔️ Yes
💳 Minimum Deposit$140 / R2240 ZAR
💡 Base currencies 6
✅ Demo Accounts✔️ Yes
📌 Products OfferedETF, Forex, Options
🔎 Open an Account👉 Click Here

 

IG Landing Page 2

 

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 Leverage

 

IG Pros and Cons

 

✅ Pros ❎ Cons
Excellent Web-Trading PlatformHigh Forex and Stock CFD Fees
Excellent Educational ToolsLimited Product Portfolio
Great Deposit and Withdrawal optionsSlow 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

 

GoMarkets Review

 

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 feeNo
💳 Withdrawal FeeNo
💵 Base Currency10
🚀 Open an Account👉 Click Here

 

Go Markets Landing Page

 

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 Leverage

 

GO Markets Pros and Cons

 

✅ Pros❌ Cons
Low forex feesLimited product selection
Fast account openingLacking customer support
Educational toolsNo 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 International Review

 

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 feesLimited product selection
Fast account openingLacking customer support
Educational toolsNo investor protection for non-EU clients

 

Alpari Landing Page

 

Alpari Leverage

 

Alpari makes leverage available up to 1:50.   An Alpari Leverage, Margin, and Commission breakdown is additionally made available.

 

Alpari Leverage

 

Alpari Pros and Cons

 

✔️ Pros❌ Cons
Demo Accounts and Social TradingLimited educational resources
Great copy trading brokerLack of resource tools
A diverse selection of tradeable assetsHigh fees
Good support in over 30 languagesWithdrawal 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

 

ForexTime Review ( FXTM )

 

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 Leverage1:500
💰 Minimum Deposit$200
📌 Open an Account👉 Click Here 👈

 

FXTM Overview

 

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 worldwideWithdrawal fee
Regulated by the CySEC and several other Forex authoritiesHigh 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

 

FPMarkets Review

 

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
📌 RegulationCySEC, ASIC
☪️ Islamic account ✅ Yes
👍 Demo Account✅ Yes
📊 Institutional AccountsNo
📊 Managed AccountsNo
📈 Maximum Leverage1:400
💰 Minimum Deposit$100 USD
Open an Account👉 Click Here

 

FP Markets Landing Page

 

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 Leverage

 

FP Markets Pros and Cons

 

✅ Pros❎ Cons
Easy and fast account openingLimited product portfolio
Low trading feesHigh CFD fees
Fast execution of tradesHigh minimum deposit
Low Forex feesHigh 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.

 

4.6/5 - (30 votes)
avatrade

Voted no. 1 Forex Broker

Comprehensive support and training, Global presence with a local feel, Uncompromising security, Advanced trading platforms