Seychelles Forex Brokers with the Highest Leverage
As one of the most favorite offshore locations for forex brokers, Seychelles has been chosen as a "home" by most forex brokers in the world. The country has been a popular jurisdiction for financial service providers for years, with an experienced government dealing with these types of companies.
Forex brokers in Seychelles should generally hold a license from the Seychelles Financial Services Authority (SFSA). In Seychelles, there have been a lot of forex brokers offering high leverage up to 1:500 on the most liquid currency pairs. On the list below, you will find some Seychelles forex brokers with the highest leverage.
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How much does it cost to get broker license in Seychelles?
Brokers looking to register here will only need to pay USD1000 for the brokerage license and have a registered capital of USD50,000. The registration process usually takes three months.
Continue Reading at Top Countries to Apply for Brokerage Licenses
Why don't professionals use high leverage?
Most professional traders don't use much leverage in their trades because with their account balance, they can already size their positions without having to use a stop loss.
Continue Reading at Do Professional Traders Use Stop Loss?
Why do some brokers offer extremely high leverage?
Forex brokers, especially market makers are typically aware that most newbies are inexperienced, and there's a high chance that they're going to misuse the leverage. Thus, they usually offer high leverage to attract new clients.
In other words, many market makers are using high leverage as a part of their marketing offers. They'd invite you to take a lot of risks, knowing that it's not a good move to do especially if you're starting.
Continue Reading at 5 Signs Your Broker Trades Against You
How does high leverage affect trader's psychology?
Leverage disguises the real amount of funds in our account and any changes on it. In return, it might dilute the trader's perception regarding how much money they have. Using high leverage is not forbidden, but it is not advised when the trader has lack of self discipline.
Continue Reading at Traps Hidden Under Forex Leverage And Margin
