Using leverage is your personal choice and requirement that should be based on your trading strategy, financial targets, your capital, and how much you are actually willing to lose. Try practising with leverage on your demo account initially to ensure that your trading strategy considers your deposit amount before you start leveraged trading.
If there was something like that, traders would have never been able to use high leverage. The maximum number of traders that I know prefer ECN brokers for security. If these brokers can't offer high leverage, their profits would be limited to small amounts and everything else they have read about forex trading and making profits would turn out to be false. Some might even conclude that some brokers are not reliable enough to offer the high leverage.
You can check it with your broker and the country you are living in. These can be the only limitations. There can be some of them but not all. I have used leverage up to 1:1000 with ECN brokers in my country.
Major currency pairs all contain the US Dollar on one side – either on the base side or quote side. They are the practically once in a while traded joins in the FOREX market. The majors, all things considered, have the slightest spread and are the most liquid. The EUR/USD is the most traded pair with a step by step trade volume of just about 30% of the entire FX market.
Quange posted: I was guided by the reviews, of course, when choosing a broker, as well as how long the broker has been on the market, what conditions it has, what achievements in this area have, so I made a choice in favor of Amarkets.
What is the commission structure and what leverage they are offering?
Consistent profit is very important to survive in trading. You have to trade according to the compounding with a long-time target. If trading can be done according to the plan, it is possible to get success very quickly.
I think we can use leverage based on the needs, a retail trader that starts with small capital choosing high leverage might boosting opportunities but should to use proper position size due to high leverage allow trader use small margin to get a higher contract