Best Forex Brokers with High Leverage in 2024

High leverage forex trading is fairly standard practice due to the nature of forex markets, especially when it comes to major currency pairs with low volatility. Since the price movements in these pairs tend to be very small, traders need to use relatively large positions to realize meaningful profits with successful trades. 

Here is where leverage comes in handy, as it allows traders to enter large positions while only committing a relatively small amount of capital. Trading with leverage comes with substantial risk, which increases alongside the amount of leverage that’s being used.

The maximum leverage permitted can vary significantly from broker to broker. As a general rule of thumb, unregulated forex brokers offer higher leverage than regulated brokers, and retail traders have more limited access to leverage than professional or institutional traders.

The best forex brokers with high leverage in 2024

Forex brokers regulated in Europe usually cap their leverage at 1:30 for their retail clients due to regulatory restrictions. However, these often offer trading with much higher leverage if you can qualify for a professional account. 

We’re featuring both regulated and unregulated forex brokers to give you a diverse range of options. However, if the ability to easily access high leverage is your biggest concern, you’ll most likely be interested in an unregulated broker. 

1. AvaTrade

AvaTrade is an online trading platform that allows users to trade various financial instruments, including forex, commodities, indices, stocks, cryptocurrencies, and more. One of its standout features is its extensive range of CFDs, making it a top player in the CFD brokerage industry.

The platform accommodates traders of all experience levels by providing different account types tailored to varying trading expertise and investment sizes. AvaTrade offers demo accounts, allowing beginners to familiarize themselves with the platform risk-free. Experienced traders can also use these demo accounts to experiment with new trading strategies.

AvaTrade supports MetaTrader 5 and facilitates trading across numerous asset classes. It includes advanced tools such as automated trading systems and copy trading, which can be especially useful for those new to trading.

AvaTrade encourages its users to develop personalized indicators and scripts to refine their trading approaches. In addition, the platform provides a sophisticated set of technical analysis tools and supports the use of automated trading strategies through Expert Advisors.

When it comes to trading forex pairs on AvaTrade, regular userscan access leverage of up to 30:1. On AvaTrade’s AVA Professional platform, however, traders can access leverage up to 400:1 on Forex pairs and 25:1 on cryptocurrencies.

Visit AvaTrade

2. IG

IG is a long-standing online trading platform that caters to both novice and experienced traders. Beginners will find value in its educational materials, unlimited demo mode for forex trading, and user-friendly web trading platform. 

On the other hand, experienced traders can benefit from competitive spreads, a wide array of indicators, numerous order types, and support for MetaTrader 4, among other features.

In addition to its proprietary web-based platform, IG also offers ProRealTime, a premium platform designed for serious traders. IG enhances its MT4 experience with 18 additional tools and Autochartist, providing a comprehensive set of features for traders with more advanced needs.

In terms of leverage, regular users on IG can access leverage of up to 1:30 on the platform’s forex trading pairs. However, users with a professional account can access significantly higher leverage of up to 1:200.

Visit IG

3. PrimeXBT

PrimeXBT is an online trading platform offering a wide range of trading instruments, including forex, stock indices, commodities, and cryptocurrencies. With industry-leading high leverage, traders can implement a variety of trading strategies.

The diverse range of trading products available on PrimeXBT allows traders to build a well-rounded portfolio across multiple asset classes. PrimeXBT also aids traders in making informed decisions through features like the watchlist and a comprehensive suite of technical analysis tools. 

These tools include over 30 indicators, drawing instruments, and various time frames, helping traders make well-grounded choices and increase the profitability of forex trading.

Regarding leverage, PrimeXBT provides up to 1:1000 for forex pairs, up to 1:200 for Bitcoin and Ethereum, and 1:100 for indices, commodities, and alternative cryptocurrencies.

PrimeXBT supports cryptocurrency deposits, as well as fiat currency deposits via AdvCash. Alternatively, users can purchase crypto with a credit card and directly fund their accounts this way.

Visit PrimeXBT

4. FP Markets

FP Markets is an online trading platform that offers tight spreads starting as low as 0.0 pips and provides leverage of up to 500:1 through its Pro Account. With its integration of MetaTrader 5, FP Markets delivers a variety of trading features, such as email alerts and push notifications on mobile devices, ensuring traders can stay informed about market movements with ease.

The platform also includes forex signals and supports copy trading, making it a great option for beginners or those preferring a more passive trading approach.

For traders seeking the lowest spreads, FP Markets offers “Raw” accounts accessible via MetaTrader 4 and MetaTrader 5. These accounts feature up to 30:1 leverage, 0.0 pip spreads, and a fixed commission of $3 per lot (per side).

Visit FP Markets

5. FxPro

FxPro is a well-known broker that supports multiple trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge. Traders on FxPro can access over 2,000 trading instruments, making it suitable for both novice and experienced traders.

FxPro is particularly appealing for those trading forex and CFDs who seek a wide variety of market options. With an extensive selection of forex pairs, along with the ability to trade equity indices, individual company stocks, cryptocurrencies, metals, and energy, FxPro is an excellent choice for traders who prioritize access to a diverse range of markets.

When it comes to leverage, FxPro provides leverage of up to 1:30 on major pairs to retail clients. However, professional clients that satisfy the broker’s criteria can access significantly higher leverage. 

Visit FxPro

6. IC Markets

IC Markets is a forex and CFD broker that provides access to over 2,000 trading instruments. Supporting MetaTrader 4, MetaTrader 5, and cTrader platforms, IC Markets has a relatively low minimum deposit of $200 and offers competitive spreads.

The broker’s Standard account features competitive spreads, often outperforming industry averages across various asset classes such as forex, indices, commodities, and cryptocurrencies, making it a cost-effective choice for traders seeking low trading costs.

IC Markets also equips day traders with tools like Trading Central and Autochartist, helping them stay updated on the latest trading opportunities.

Forex traders on IC Markets can access leverage of up to 1:500 when trading with IC Markets through the MetaTrader 4 and MetaTrader 5 platforms. However, it’s important to keep in mind that the IC Markets Global platform does not accept customers from the European Union.

Visit IC Markets 

The bottom line

Leveraged trading comes with substantial risk, which increases alongside the amount of leverage that’s being used. Risk management with the help of tools such as stop loss orders is therefore essential when trading with leverage, and it might be a good idea to use a forex demo trading account before putting real funds at risk with high leverage.

Hopefully, our selection of the best forex brokers with high leverage has helped you find a broker that will enable you to implement all your trading strategies as efficiently as possible. If you want to learn more about high-quality trading platforms, make sure to check out our article exploring the best low spread forex brokers.