Leverage - Forex Broker Testimonials

Good article about one of the major brokers of the forex industry for sure. But there are some inaccuracies. For example, the article says that max leverage is 1:325 for currency pairs, yet in reality, it's 1:500. Which is a massive difference for those who are heavy leverage users in their trading.

This is an ECN Forex broker so i can trade with the Inter Bank markets. My Trading Experience with this Broker is more than 6 YearsI am trading for 6 years and 2 months with this broker.

EagleFX is a good choice of broker. it allows you to trade both forex and cryptocurrency pairings. I've been using them for a while and have found withdrawals are fast and that you can utilise 1:500 leverage.

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!

I've been a Pepperstone user for around four years, but as an international client, I recently made the decision to switch to another broker. This choice was primarily prompted by the introduction of the ASIC Leverage cap for retail clients, which dropped dramatically from 500:1 to just 30:1. While my experience with Pepperstone has generally been fair, this significant reduction in leverage has compelled me to seek alternatives.

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.