Leverage - Forex Broker Testimonials

Been using this broker a while now and no issues to report. Cover both forex and crypto which is key for me and decent leverage offered on bot.

I started trading with LonghornFX over a year ago. I mainly gave them a go with a tiny amount to trade crypto 24/7. Their other offered trading features such as same day withdrawal, 1:100 leverage in cryptos and 1:500 leverage in currencies are quite handy for me since I am a day trader. I increased my investment with them later and it is one of my main brokers nowadays. On some occasions, I had to talk to their customer service. They were very helpful as well.

Execution is consistently excellent, and the flexible spread is clearly highlighted. This broker, suitable for both novices and seasoned traders, offers leverage of 1:1000, tight spreads, and a variety of features that ensure a comfortable and profitable trading experience, regardless of the time of day.

OctaFX is honestly the bomb! I mean, it would be even cooler if they bumped up the leverage to 1000, but honestly, I'm already in love with OctaFX compared to other brokers. It's like having a broker that totally gets us traders, you know?

And let's talk about their support system, it's off-the-charts amazing! The app itself is a total beauty. Smooth as butter. No complaints here, folks. OctaFX, you rock!

FirewoodFX is super flexible, letting you try out different trading styles like hedging, scalping, and even using trading bots. It's perfect for those who are new to forex trading. Plus, the entry barrier is low with a minimum deposit, and you can go big with up to 1:1000 leverage.

I recently deposited $50.00 through Skrill, but I was surprised to see that my account hasn't been credited yet. In my past experience with other forex firms, deposits made through Skrill were immediate. Today, I had to email FXOpen and attach the Skrill remittance advice to inform them about the issue. It's been quite troublesome.

Another concern I have is related to the firm's leverage policy. From what I know, the leverage for retail traders is only 1:30, but for big clients, it's 1:500. This seems backward to me. I think it should be the opposite.

Retail traders have limited capital, like my $200.00, so they should have at least 1:100 leverage. On the other hand, big clients who have significant volumes should be limited to 1:30 leverage to manage the higher risks involved. It's important for the company to carefully consider what's wrong with this policy and reassess the risk levels accordingly.

I have been quite loyal to TriumphFX ever since I started trading. I think I was with them for about a year. At the time, TriumphFX seemed extraordinary and provided a smooth trading experience. But then I was thinking 'what am I doing? I should spread my wings and try more brokers out there, which becomes one of the biggest mistakes I have. I got scammed and had the worst experience. Now, I return to TriumphFX and decided that I will stay for a while. Overall, they haven't always been perfect. But they provide the best spreads and the best leverage for my trading needs. Sometimes they take a long time to reply to support tickets, and it's not always quick to move profits out through the banking or Crypto wallets. But that is okay, it's not a big deal.

Leverage's maximum TMGM can offer 1:500. for me, these are good deals for those with a minimum deposit of $100 and it can limit your order execution so you can avoid overtrading, which is good. Few brokers offer lower leverage, and why they only can give you little leverage because they are Australia-regulated brokers so this broker can be trusted. Meanwhile, I think if you want to start trading with a small deposit, you need to rethink using this broker as it is not user-friendly. But for me, this lever is very functional and useful!

In fact, being a typical Australian broker, TMGM offers quite a high trading leverage depending on the instruments. Forex products can be traded using leverage up to 400:1, index and energy with 100:1, and precious metals with 400x leverage. I think this leverage is enough for traders and professional traders usually use less than 400:1 so I have no complaints about the leverage. And as a regulated broker, TMGM is regulated by New Zealand and Australian laws. So yes, it has limited leverage but I think it is enough leverage for us.

The leverage ratio is up to 500:1 but for only outside of NZ and Australia, but you are free to change your leverage anytime if you do not have an open position in the market. So you can readjust your money management. But if you are expecting leverage of more than 500:1 I think you should not use this broker. And also I wouldn't recommend this broker to anyone who has limited money and wants to trade a lot. Also if you are in New Zealand and Australia you can only get 20.1 or 30:1, This has very low leverage and is not suitable for everyone, but you should know that leverage not only leads to potential gains but also potential losses.