5 best forex brokers with high leverage – Roodepoort Record

One of the most attractive advantage of forex trading is that traders can use leverage to open larger positions despite the size of their initial deposit. When traders apply leverage to their trading, the broker takes a small percentage which is referred to as the margin requirement, as collateral for the trade.

There are several brokers in the industry that are well-known for their high leverage ratios. Here are some of the best:  

IFX Brokers

Features

IFX Brokers is a South African broker that has been involved in the facilitation of trading across several financial markets since 2018. IFX Brokers offers competitive trading conditions, transparent fee schedules and high leverage up to 1:500.

IFX Brokers offers the use of MetaTrader 4 through which trades can be executed, giving traders the best software on the market that has a wide range of features and functions.  

Pros and Cons

PROS CONS
Well-regulated by the reputable FSCA FIX API not supported
High leverage ratio up to 1:500 Live chat function not incorporated on the website
MetaTrader 4 supported across devices Spreads are not the tightest
Educational materials offered  

FBS

Features

FBS is a popular and reputable international forex broker that offers traders access to global financial markets through sophisticated and comprehensive trading solutions. FBS is well-known for offering competitive trading conditions that consist of tight spreads, a wide range of tradable instruments, and maximum leverage of up to 1:3000 for retail traders.  

Pros and Cons

PROS CONS
Ultra-low minimum deposits from 15 ZAR Inactivity fee charged on dormant accounts
User-friendly trading platforms High spreads on Cent account
Dedicated customer support in multiple languages  

  Must Read: Comprehensive forex broker reviews on ForexRecommend  

FOREX.com

Features

FOREX.com is a large and reputable broker that caters for South African traders. FOREX.com not only has competitive trading conditions and a proven execution scorecard, but the broker also offers high leverage ratios, a wide range of price charts, and a powerful proprietary trading platform.

FOREX.com is also known for its ultra-low trading and non-trading fees, performance analytics modules, technical indicators, helping traders refine and improve their forex trading skills.  

Pros and Cons

PROS CONS
Well-regulated The platform is not suited to beginner traders
A wide range of tradable instruments offered  
Advanced trading tools provided  

Vantage FX

Features

Vantage FX is a large and reputable forex broker that caters for South African traders, giving them access to a wide range of financial markets. Vantage FX offers commission-free trading options and retail trading accounts with tight, variable spreads.

In addition, Vantage FX also offers high maximum leverage up to 1:500, allowing traders the opportunity to open larger positions in major financial markets and instruments.  

Pros and Cons

PROS CONS
Supports MetaTrader 4 and 5 High minimum deposit requirement
Spread-free ECN accounts offered  
Well-regulated by reputable entities  

Exness

Features

Exness is a popular and well-regulated broker with offices in South Africa and several other regions, offering traders from around the world comprehensive trading solutions. The trading conditions that Exness offers include tight spreads, ultra-low deposit requirements, negative balance protection on retail accounts, and leverage up to 1:2000.  

Pros and Cons

PROS CONS
Globally-recognised broker Accounts are not multi-currency
A high maximum leverage is offered  
Demo accounts offered  
Islamic accounts available for Muslim traders  

  Not every forex broker offers high leverage. Its always a good to start trading by first checking that aspect.

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