russellgutierrez posted: Do you really want to use this much leverage, even though most of the reliable brokers can offer you leverage ranging from 1:2 to 1:1,000 depending on the investment and requirement of the traders. There are different leverage levels that are ideal for traders with diverse knowledge and experience. So, when you talk to your broker, consider your individual needs and strategy. But, if you’re seriously planning this much leverage, do work on your strategy once.
Right and even though ECN brokers offer more than 100:1 leverage, the best deal would be to have a broker like Fxview, FXVM, or eToro that offers various leverage ratios like 50:1, 100:1, 200:1, and 400:1. I have traded with them and could change the leverage ratio on their website’s dashboard.
I completely agree with you on this. I use Fxview too and I’m thinking about opening some demos with Oanda or XM. Let's see how that works out.
That’s not true. There are so many ECN brokers that offer leverage more than 1:100. Some ECN brokers that I have already been using include ICM and Fxview and they offer quite high leverage. You need to go for their offshore option if you want to use high leverage.
You really need to do some more research on offshore brokers. There is no limit to the leverage that an ECN broker can offer. It is their choice and they set the limit according to their own conditions.
Pointingmark posted: You really need to do some more research on offshore brokers. There is no limit to the leverage that an ECN broker can offer. It is their choice and they set the limit according to their own conditions.
Thought so! I read it somewhere so thought of asking and clearing my doubts because there are a lot of ECN brokers that I have come across that were offering high leverage. I was so confused.
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