I currently scalp with them. It is a better broker for scalping compared to other ecn brokers. The spreads are surprisingly good in FP Markets. Its consistent and stable even during volatile market news events.
leverage has nothing to do with amount of money you lose per trade.as said before.i have 500 -1 leverage normally. i tried 20-1 leverage with small account and could only open 2 trades at a time at most.as most of account was taken up in margin call..16 times stop loss in fact.leverage could possibly limit trading in some cases.
Leverage is very important in forex trading. It allows us to trade with a small capital. Even with 1$, one can open trade in some brokers with high leverage. Though it is beneficial but one should be careful to use high leverage.
Leverage giving advantage and disadvantage too, the advantage leverage is we can open order with smallest margin requirement than actual contract size, in simple analogy, we can buy the good with value 10000 only wth money 1000, it will make a double profit if-then price arises, but losing money if price decline.
Leverage does not matter. What's important is risk management. If you know how much you risk on every trade, the leverage won't matter. I trade for a prop firm and they even use 1:200. Other firms have 1:100. Even if you use 1:30 or 1:3000, you will have the same amount of risk on each trade. Leverage matters if you are trading multiple positions at the same time. Lower leverage will allow few trades open because it will use more margin % while higher leverage allows you to open more positions.