The procedure of borrowing a specific sum of money required to invest is referred to as leverage. In the case of Forex, a brokerage company is often where the funds are borrowed. Regarding high leverage, forex trading allows investors and traders to amass and manage enormous sums of money for a small initial margin needed.
This article examines the best Forex Brokers with High Leverage in the UK in terms of costs, supported assets, and account minimums in addition to restrictions.
Exness
Minimum Deposit $10; Low Trading Fees; 24-Hour Account Activation Exness was established in 2008 and is accredited by the Financial Services Authority (FSA) of Seychelles. A large number of languages, including English, Russian, Chinese, Urdu, Malay, and Indonesian, are supported by Exness.
Advertisement
Pros
- 107 currency pairings.
- Low commissions.
- Accounts with no spread.
Cons
- A limited selection of markets for licensing in Seychelles.
- Low level of protection.
Read also:
Advertisement
10 Best Canadian forex brokers with high leverage
Top 15 Best Crypto Exchanges in The USA 2022
10 Best Forex Brokers in South Africa
Advertisement
Top 10 Forex Brokers with High Leverage in the UK
OAND
Leverage: 1:30 for clients in the EU and up to 1:50 for US clients. OANDA is a Forex and CFD broker with international regulatory oversight that offers corporate Forex solutions and currency conversion. OANDA operates across six of the most reliable authorities and is the most regulated forex broker with high leverage in the UK.
Pros
Advertisement
- Accepts American customers.
- Governed by the FCA and NFA.
- Has well-designed platforms
Cons
- No account protection for customers in the United States
- No guaranteed stop losses for clients in the US or the UK
HotForex
HotForex was founded in 2007 and is subject to strict regulation by the FCA, CySEC, DFSA, FSCA, and SFSA.
Pros
- Keeps client funds separate.
- Controlled by CySEC.
- The minimum deposit is $1.
Cons
Advertisement
- A limited selection of instruments.
- Unregulated by the FCA
Pepperstone
Leverage: 1:200 or higher. The Australian Securities and Investments Commission (ASIC) and the UK’s Financial Conduct Authority both supervise Pepperstone, which was created in 2010. (FCA).
Pros
- Keeps client funds separate.
- The minimum deposit is $200
Cons
- Limited range of instruments.
FXPro
Leverage: 1:500 (1:30 for clients in the EU). Online broker FXPro, established in 2006, trades Forex, Share Dealing, Spot Indices, Futures, Spot Energies, and Spot Metals. A worldwide broker, FXPro has its headquarters in the UK. FXPro is subject to CySEC regulation and operates under CIF license number 078/07. With a $100 minimum deposit required to open an account, FXPro gives traders access to top-tier liquidity and advanced transaction execution without dealing desk interference.
Advertisement
FXPro provides customer assistance in many different languages, including English, Spanish, French, Polish, Malay, etc., via Live Chat, Telephone, and Email, 24 hours a day, five days a week. FXPro’s minimum and maximum trade requirements change depending on the trader and selected instrument.
Pros
Advertisement
- Excellent Customer Service.
- Simple Account Opening.
- Free Deposit and Withdrawal.
Cons
- High trading fees.
- Only CFDs and Forex
Vantage FX
Leverage: 1:50 or higher. Vantage FX is a Forex ECN and CFD broker that allows users of the Metatrader platform for Mac, PC, iOS, and Android, as well as other social trading platforms, to trade on more than 120 different tradable assets, including currencies, indices, commodities, and US and Hong Kong share CFDs. Under the name Vantage International Group, Vantage FX is authorized and governed by the Cayman Islands Monetary Authority (CIMA). Customer service is offered around the clock in English, Mandarin, Thai, and Vietnamese five days a week via phone, email, live chat, and remote TeamViewer.
Pros
- Segregated client funds.
- Strict regulations.
- More than 300 CFD Trading Tools.
Cons
Advertisement
- No US customers.
- Limited Leverage.
Forex Time (FXTM)
Leverage: 1:2,000 or higher (1:30 for EU and some non-EU clients)
With license number C113012295, Exinity Limited, governed by the Financial Services Commission of Mauritius, established FXTM or ForexTime in 2011. FXTM provides users with seven different account types, each with a different execution strategy, selection of markets, platforms, and commissions & fees. Under the Standard category, three accounts are available.
Pros
- Keeps client funds separate.
- CySEC-regulated • $10 minimum deposit.
Cons
- A small selection of instruments.
Forex.com
A platform for trading precious metals and foreign currencies is called Forex.com. More than 80 currency pairs, as well as silver and gold, are available for trading. Throughout market hours, customer service is available by phone, live chat, or email.
Pros
- Financial Conduct Authority-regulated.
- Client money is segregated.
- $50 minimum deposit.
Cons
- Does not provide VPS.
- It is not ASIC-regulated.
Axi
Leverage: 1:500 or higher. Axi is a global broker with a central office in Australia that was created in 2007 and provides Forex, CFDs, and Social Trading. No minimum deposit is required to get started, and a demo account is available. The Australian Securities & Investments Commission has authorized and overseen Axi (ASIC). Customers can contact customer service by phone, live chat, or email.
Pros
- 221,000+ traders use it.
- Financial Conduct Authority and ASIC regulate it
- And the minimum deposit is $1.
Cons
- A small selection of instruments.
Interactive Brokers
Leverage: 1:50 or higher (may be lower and will be dependent on the country of residence). Several financial regulatory bodies, including the US Securities and Exchange Commission and the UK’s Financial Conduct Authority (FCA), supervise Interactive Brokers, established in 1978. (SEC). Customer support is accessible round-the-clock by Live Chat, Phone, and Email.
Pros
- No minimum balance requirement.
- Low trading costs.
- Global investment in a wide range of products
- Tools to take your trading to the next level.
Cons
- If a pro user doesn’t make multiple trades, there is an account maintenance charge.
- Everyone cannot open IBKR Lite accounts.
ActivTrades
Leverage: 400:1 or higher (1:30 for EU clients). A CFD and forex broker with headquarters in the UK and a separate branch in the Bahamas is called ActivTrades. Both organizations are subject to regulation by the appropriate government agencies in their respective nations, the Bahamas Securities Commission and the UK’s Financial Conduct Authority (FCA) (SCB).
Pros
- Financial Conduct Authority-regulated.
- Segregates client funds.
- $100 minimum deposit.
Cons
- Unregulated by ASIC.
Saxo Bank
Saxo is an internationally regulated, multi-asset class broker that allows traders to trade on more than 40,000 instruments, including their own SaxoTraderGO and professional-grade SaxoTraderPRO, from a single account. These instruments include Forex, CFDs, Stocks, Options, ETFs, Commodities, Futures, Bonds, and Mutual Funds.
Pros
- $100 minimum deposit.
- Under the Financial Conduct Authority’s regulation.
- $6,500 is the minimum deposit.
Cons
- Does not permit hedging.
- Is not ASIC-regulated
Admiral Markets
Up to 1:1000 in leverage (1:30 for EU clients). Admiral Markets is an online broker with a UK headquarters established in 2001 and provides trading in both Forex and contracts for difference (CFDs). Traders can open a demo account and trade more than 148 instruments and 40 different currency pairings for a minimum deposit of $200.
Pros
- Keeps client funds separate.
- Controlled by CySEC.
- The minimum deposit is $100
Cons
- Inactivity Fee.
IG
Up to 1:200 in leverage (1:30 for EU and some non-EU clients). IG Group was established in 1974 and is governed by the Australian Securities and Investment Commission (ASIC) in Australia and the Financial Conduct Authority (FCA) in the United Kingdom.
Pros
- 178,000+ traders use it.
- Financial Conduct Authority and ASIC regulate it.
- $250 minimum deposit
Cons
- Inactivity Fee.
- Limited Instrument Selection.
CMC Markets
Leverage: for New Zealand clients, up to 1:500 (1:30 for clients from all other countries). CMC Markets is a spread betting and CFD broker that offers multiple asset classes. It is governed by the UK’s Financial Conduct Authority (FCA). Customer service is accessible round-the-clock by Live Chat, phone, and email.
Pros
- Wide variety of services offered.
- FCA-regulated (UK).
- Emphasis on customer service and education.
Cons
- Refuses to accept Americans.
- Exorbitant CFD spreads for specific indices.
Conclusion
Forex Brokers with High Leverage in the UK are as good a choice of Brokerage firm as any other brokerage firm category. Many traders will appreciate the high leverage/minimum deposit combination.
Watch:
Advertisement