Any 500 to 1 leverage brokers left?

Feb 21, 2021 at 08:07
5,215 Views
75 Replies
Member Since Dec 09, 2013   139 posts
Mar 07, 2022 at 08:49
I trade with CedarFX. They offer 1:500 leverage on currencies. Please keep it it mind that leverage can be a double edged sword. Thus, it needs to be chosen very carefully. I am wishing you all the very best.
Member Since Apr 09, 2019   538 posts
Mar 07, 2022 at 12:21
Leverage is risky if you trade in a risky way. Leverage itself can be a good thing if you aren't a complete clown.
If you can't spot the liquidity then you are the liquidity.
Member Since Oct 17, 2018   103 posts
Mar 07, 2022 at 18:57
yeah people been trading with 1:500 leverage a lot of them do it now days and just trying to compete with each other, EagleFX has offered 1:500 on forex and 1:100 on crypto for years now with no issues.
Member Since Oct 20, 2018   300 posts
Mar 31, 2022 at 20:42
Of course. There's plenty left even but I`m with EagleFX in example and all's fine.
momchil_slavov@
Member Since Mar 11, 2022   38 posts
Apr 06, 2022 at 10:47
Sure, there are. In fact I am using a regulated broker Fxview. However, they only provide 500X on major pairs, for cross pairs, it is 300X.
Member Since Feb 16, 2022   119 posts
Apr 08, 2022 at 05:57
Leverage is a very special facility provided by a broker. It is such a facility that helps a trader take risk beyond his capital limit. Because traders know that the higher the risk is, the higher the return is. However, I don’t like leverage trading because my risk management strategy impedes me to do this.
Member Since Feb 07, 2022   24 posts
Apr 12, 2022 at 10:25
Yeah, you can check out some good brokers that I know are offering upto 500x leverage - Fxview, Tickmill and Pepperstone. Though I’d suggest, go for high leverage only if you have a deep understanding of the market.
Member Since Sep 02, 2020   14 posts
May 14, 2022 at 18:34
yeah, i came across such ones, don't remember the exact brokers, but the fact that it's SUPER risky is proved already by dozens of traders who made unconscious moveso n the market which led them to the total elimination of their deposits. do ya need something like this? don't think, or at least, if you're super crazy you can try it out, but ofc, 90% you will never be able to stay for so long with such a leverage. it's not a threat, it's just a reality.

leverages are good in case they are included in your risk management strategy. it varies from trader to trader, hence all fo them have their own one.
Member Since Apr 27, 2022   17 posts
May 15, 2022 at 17:18
It's very risky but there are some of 1:500 brokers, they are still exist..
Member Since May 23, 2016   32 posts
May 15, 2022 at 19:02
if you qualify as a professional trader, 500 leverage isn;t really a problem, but its not really something anyone needs anyway ;)
i daytrade I did set my leverage to 30 just to make a point and show that there isn;t really a difference if one trades 'sane'

keep in mind, exposure matters far more than drawdowns or profits, meaning if you allow a 10% drawdown to make a 2% profit, that's just bad trading.
Professional Canned-Tuna Eater
Member Since Jul 12, 2021   2 posts
May 20, 2022 at 11:13
try roboforex it's good
Member Since May 23, 2016   32 posts
May 21, 2022 at 20:19
quantumcrypto posted:
try roboforex it's good
Yep 1:500 on cTrader Pro and 1:2000 max on MT4.

but none needs that anyway unless you scalping half pips or whatever.

Attachments:

Professional Canned-Tuna Eater
Member Since Jul 12, 2021   2 posts
May 21, 2022 at 21:14
i agree with you
Member Since Dec 04, 2020   9 posts
May 23, 2022 at 02:03
try FPG Fortune Prime Global
Member Since Oct 20, 2018   300 posts
May 30, 2022 at 21:05
SwingFish posted:
if you qualify as a professional trader, 500 leverage isn;t really a problem, but its not really something anyone needs anyway ;)
i daytrade I did set my leverage to 30 just to make a point and show that there isn;t really a difference if one trades 'sane'

keep in mind, exposure matters far more than drawdowns or profits, meaning if you allow a 10% drawdown to make a 2% profit, that's just bad trading.
Exactly. Diversifying leverage is essential. In example you can use 500:1 leverage for major FX pairs but it's insane to use high leverage for Crypto. I think that's the key plus the good risk management. The leverage itself is not scary.
momchil_slavov@
Member Since Apr 02, 2020   39 posts
May 31, 2022 at 09:12
Yes, my broker FP Markets provides a max leverage of 500:1 with a robust trading condition and the commission cost is $3 per lot.
Member Since Feb 20, 2021   78 posts
May 31, 2022 at 13:56
Can try one of these, turnkey forex, eaglefx, lqdfx, sagefx and prosperityFX. They all offer leverage up to 500x.
Member Since Jun 06, 2022   14 posts
Jun 07, 2022 at 02:23
You shouldn't be trading over 50:1 leverage. Anything above that is scammer style/ boiler room/ bucket shops, preying on greedy ignorant rubes/proles.

Stick with a regulated broker like Oanda.
Protect against loses and the profits take care of themselves.
Member Since Oct 29, 2020   21 posts
Jun 13, 2022 at 10:06
You are either an experienced trader or a complete newbie who wishes to trade with such a high leverage. I would love to know how your experience goes with such a great leverage.
Member Since Dec 24, 2020   21 posts
Jun 13, 2022 at 10:10
I am afraid of high leverage as it can turn my account upside down. I avoid using it even when my broker offers a high leverage ratio.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.