Leverage - Forex Broker Testimonials
Identifying a good broker will not be complete without checking the testimonials. This is because experience speaks louder than words.
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Long-term forex trader here, and I am currently looking for a good broker that has the best possible leverage for me. How much leverage can I get in ThinkMarkets? Also, will there be any differences according to what pairs or what instruments I am trading with? I know that using leverage can be very risky, but it does help me in the markets. Besides, this is not my first rodeo, so I think I will manage.
I check on the IC Markets websites that they offer 1:500 leverages, which is really great considering they have to follow ASIC regulations requirements. Now, I have been wanting to try trading CFD assets with this broker, and I wonder if I can enjoy the same leverages for these financial products or will there be another leverage to enjoy?
I visited IC Market's official websites and I found out that they have 1:500 leverages, which is pretty awesome considering they are regulated under ASIC. Is this the maximum amount? Also, what instruments does this leveraged cover? Is this include the CFD trading as well. I have been wanting to try CFD and would love to enjoy more support from leverage as well.
I am on a journey to find the best CFD broker out there. When asking around in a trading forum, I notice that FP Market's name emerge as one of the best CFD providers right now. I just wondering what kind of CFD assets they offer. Aside from this, I know that CFD is a leverage product and I want to know how much leverage does FP Markets give?
Honestly, I have no complaints about this broker. They have a good spread, good leverage, smooth trading platforms, and overall affordable trading cost. Although there is one thing I believe they should improve on, and that is the withdrawal system. I just feel like it's taking too long than other brokers. Normally, it would take 5 business days but now it takes more than 2 weeks for withdrawal. Although I am still thankful that my money arrived safely, I just feel like it should me quicker.
I have around $10. If I want to trade on Exness, what type of account should I use? How much leverage should I choose?