6 Best High Leverage Forex Brokers (USA Accepted)

In this article, we’ll review the best high leverage forex brokers and we’ll cover the most important points to help you know where to take your money. After our reviews, there’s a guide on choosing a suitable broker and a discussion of the main risks. Hopefully, by the end, you’ll have all the information you need to make a decision.

Forex trading has the potential for high returns if you have deep enough pockets. Of course, for the casual trader (or anyone who’s not backed by a hedge fund!), having enough money to take advantage of this is difficult. To get around this, it’s worth looking at the best forex brokers with high leverage.

In short, leverage is the amount of money a broker is willing to lend you based on how much money you have. For example, if a broker’s leverage is 1:50 and you have $10,000, they’ll lend you $50,000 for trading. This is closely linked to the relationship between lot size and leverage, which every trader needs to understand. While this does come with some risks, what kind of trading doesn’t?

Top High Leverage Forex Brokers List

1. Tastyfx: Best forex broker with the highest leverage in the US thanks to its flexibility, range of offerings, and ease of use.
2. Plus500: The best CFD broker with high leverage that includes a range of risk management tools for more secure trading.
3. Etoro: The best high leverage stock broker for social investment thanks to its copy trading feature.
4. Forex.com: A great high leverage forex broker that offers incredibly tight spreads on major currency pairs.
5. Oanda: Known for its competitive spreads, it’s a great broker with the highest leverage for cost-conscious traders.
6. IG: The best regulated stock broker with the highest leverage thanks to its comprehensive web and app platforms.

Affiliate and investment disclosure: This article contains links to some of our partners and we receive a commission when you click those links. However, this is free of charge for you. This information is not financial advice or a recommendation to trade. Always consult with a financial professional and do your own research before trading.

For traders aiming to use high leverage in day trading, you should study how leverage impacts your day trading strategy. Each broker in the list offers unique advantages for high leverage trading, but they also come with distinct risks so make sure you know all the risks associated with leverage trading.

Key takeaways

• Tastyfx stands out for US traders with 1:50 leverage
• Plus500 excels in futures trading
• Etoro is perfect for copy trading, and Forex.com offers tight spreads on major currency pairs
• High leverage amplifies both profits and risks, so it’s essential to understand how leverage works and use tools like risk calculators to manage potential losses.
• Regulation matters—make sure to choose a broker that complies with national regulatory bodies to protect your funds and ensure fair trading conditions.
• Each broker offers unique benefits like lower spreads, advanced trading tools, or copy trading, so pick one that aligns with your specific trading goals and experience level.

Broker Comparison

If you are in a rush to choose a high leverage forex trading platform, make a quick comparison of all the brokers in the table below:

Before choosing a platform, read through our guide on the best leverage for a small account if your first deposit is less than $500. We’ve written a complete guide on how to approach this choice and what the best solutions are for each account size.

6 Best High Leverage Forex Brokers

Below are our more in-depth reviews of each high leverage forex broker. We’ve chosen a top pick for 6 main categories of forex trading, so hopefully there will be a good option for everyone.

1. Tastyfx – Best for US traders overall

Tastyfx is the best overall highest leverage forex broker in the USA, and for good reason. It’s a decent mix of all the features you need from a forex trading platform, and offers both web- and app-based trading services. What really stood out with Tastfy was the convenience of the help options. Having the ability to call a live customer service agent made a big difference.

Tastyfx is one of few forex trading platforms where leverage trading is legal in the USA, thanks to being regulated by NFA and the CFTC.

Leverage

Tastyfx offers the highest leverage available under current US regulations: 1:50. This is for major currency pairs, so be aware that you might be offered lower leverage for less common currency trades.

Key Features

• Competitive trading costs – margins as low as 2% on forex trades.
• Offers a range of trading tools, such as technical indicators, charting packages, and automated trading features.
• Large customer base means lots of customer sentiment data, in turn meaning Tastyfx is responsive to customer demands.
• Monthly cash rebates of up to 15%.
• Regulated by NFA and CFTC.

Pros

• High trust rating thanks to its backing from US IG.
• Tight spreads – lower costs and increased return potential.
• Plenty of features to help supplement your existing trading knowledge and experience.
• 24/7 customer support on web chat, phone, and email.

Cons

• Tastyfx only offers spot forex markets.
• There’s a fee for withdrawing funds to your bank account.
• No crypto trading – market is limited to standard forex pairs.

Fees

• No account maintenance fees.
• Current withdrawal fees are $15.
• Margin rates as low as 2%.·  Tight spreads of 0.8pips on major forex pairs.

2. Plus500 – Best for futures trading in the US

Plus500 is the best CFD broker with high leverage in the US. It offers futures trading on a range of trading instruments, including forex, commodities, crypto, and stock indices. It has both web- and app-based trading platforms, allowing you to take full advantage of its service offerings.

A big advantage of Plus500 is its demo account, as it allows you to get a feel for the platform and its trading services without having to risk real money while learning the ropes. I highly recommend using a forex risk calculator when you first start out with this type of broker.

Leverage

Plus500 offers leverage of up to 1:30 on forex trading, although this drops lower for other instruments. For example, shared CFDs offer 1:5 leverage. While this is slightly lower than Tastyfx, it’s still a decent option. If you are not familiar with how leverage works in forex, you can read more here.

Key Features

• Plus500 has a comprehensive and easy-to-use platform. While it’s not necessarily a great option for beginners, its platform is accessible for traders of all levels.
• It offers risk management tools, such as stop losses, price alerts, and trailing stops.
• Regulated by CFTC and NFA in the US.
• It offers more than 2,800 CFDs across all its trading instruments.
• Plenty of analytics tools for more experienced traders.

Pros

• Trading platform allows you to analyze charts, create watchlists, and monitor your trades.
• Negative balance protection ensures you can’t lose more than what you’ve put into your account. Learn more in this article about how you can use a negative balance protection for your safety.
• Competitive spreads and low costs.
• Demo account allows you to practice CFD trading before opening a live account.

Cons

• Customer service is responsive but not as helpful as other platforms.
• Doesn’t offer third-party platform integration.
• Lacks decent analytical tools for your own account, including your trading activity.

Fees

• Plus500 doesn’t charge fees on deposits or most trading activities.
• Charges an inactivity fee of $10 a month if you don’t log in for at least 3 months.
• Plus500 makes its money through clients paying the spread of a trade, although this obviously changes per trade. You can calculate your forex spread with this calculator.

3. Etoro – Best for copy trading

Etoro is a high leverage stock broker that’s a great choice for copy trading, as it allows you to replicate the actions of top traders in real time. The feature is automated, so provided you’re happy with a trader’s past performance, you can simply set up a replication feature. What’s great about Etoro is its focus on education and social trading. It’s super easy to learn from others and supplement the site’s educational resources with perspectives from real traders.

Leverage

Etoro offers a range of leverage options depending on the trading instrument. The maximum leverage on forex is 1:30, and other leverages range from 1:2 to 1:20 for things like crypto CFDs and gold.

Key Features

• The copy trading feature is easy to use and automate. It’s free to use and allows you to leverage the expertise of high-profile traders.
• There are plenty of educational materials on Etoro, including podcasts and blogs.
• Smart Portfolios allows you to invest in a pre-selected set of assets to improve diversification.
• Etoro is a good option for trading newbies thanks to its range of accessible features as well as its low fees.

Pros

• Etoro’s educational features are very useful for those new to the trading industry.
• Focuses on “social” investing through its trade copy feature.
• Every live account comes with a virtual account that has $10,000 in available money, allowing you to play around with trading to get a feel for it.
• Etoro offers a decent mobile app that’s packed with features.

Cons

• Only offers email and ticket customer support unless you’re a club member. While this isn’t the end of the world, it’s less responsive than other platforms.
• Lacks some of the more advanced analytics features that you’d find elsewhere.
• Currently only available in 47 US states.

Fees

• Charges a $5 withdrawal fee on minimum withdrawals of $30.
• Charges a $10 inactivity fee if you’ve been active for more than a year.
• Variable spread and overnight fees depending on the trade.

4. Forex.com – Good for major forex pairs in the US

Forex.com is the best regulated broker with the highest leverage on major forex pairs. This is because it offers more than 80 currency pairs with spreads as low as 0.7 – 0.1 less than Tastyfx. One of the standout features of Forex.com is the sheer variety of choice it offers. You can diversify your portfolio with ease thanks to the range of currency pairs you’ll find here.

Leverage

Forex.com offers leverage of up to 1:50 on currency pairs, putting it on par with Tastyfx. Bear in mind that this will depend on the currency pair you’re trading, but 1:50 is standard on the most popular.

Key Features

• Regulated by the CFTC and NFA in the US, as well as the FTC in the UK.
• Its 80 currency pairs include majors, minors, and exotic currency pairs.
• Plenty of research tools to help you figure out where to invest your money.
• Solid educational resources to supplement existing knowledge.

Pros

• Low forex fees.
• Its variety of currency pairs makes it a good option for those wanting choice, although it shines best with its major pairs.
• Offers fast trades to reduce slippage.
• Includes a free currency converter to help you figure out how much a trade is actually worth.
• Long-established forex trading platform – comes with a high level of trust.

Cons

• Its web platform isn’t as user-friendly as some other options on this list.
• Product portfolio is limited – only includes forex and CFDs.
• Far more complex and in-depth than something like Etoro, meaning it might not be suitable for beginners.
• Account verification takes 2 business days, which is slower than other platforms.

Fees

• No fees on bank card withdrawals, but bank withdrawal fees range from $25 to $40.
• Inactivity fee of $15 per month after 1 year of not logging in.
• Low forex fees – varies based on currency pairing.

5. Oanda – Most competitive spreads

Oanda is one of the best forex brokers with high leverage in terms of its spread, as it offers highly competitive rates. It doesn’t charge commission on its trades, meaning you can get decent value on your trades compared to other platforms. This is probably Oanda’s best standout feature during testing: trading is pretty easy and you get very good value for money.

Leverage

Oanda offers leverage of up to 1:50 on its currency pairs.

Key Features

• Particularly good option for more experienced traders because it offers a lot of depth in its trading options.
• Registered with the CFTC and NFA in the US and FCA in the UK.
• Integrates numerous user interfaces and third-party services.
• Includes products such as financial spread betting, CFD, forex, commodities, and more.

Pros

• Desktop trading platform offers a great experience and plenty of depth, balanced with accessibility.
• Offers lots of research options.
• Offers cash rebates of up to $17 depending on the amount you trade.
• Platform is highly reliable, allowing you to take advantage of quick trades.
• Plenty of options for partner tools and API integration.

Cons

• Customer service isn’t 24/7 for standard level accounts.
• Includes more ancillary fees than other platforms.
• No guaranteed stop losses for US clients.
• Doesn’t offer negative balance protection for US clients – meaning you could end up owing money.

Fees

• Variable withdrawal fee of up to $20 depending on method and amount.
• Variable spreads depending on currency pair being traded.
• Inactivity fee of $10 a month after a year of not logging in.

6. IG – Most tradable markets

IG is a regulated broker with the highest leverage thanks to its range of options and financial instruments as well as its market reputation. It’s one of the most well-established forex markets and offerings trading on 80 currency pairs. The biggest standout feature of IG during testing was its customer support. The automated chatbot is great for answering simple questions, but you can also speak to an agent using WhatsApp pretty easily.

Leverage

IG offers leverage of up to 1:50 on its currency pairs. As with other platforms, this varies depending on the currency pair being traded.

Key Features

• High level of trust thanks to its market reputation and backing by CFTC, NFA, and FTC.
• Offers both web- and app-based trading platforms that are accessible to traders of all levels.
• Has a wide range of trading instruments, including forex, stocks, crypto, bonds and more.
• Usage can be as in-depth as you want thanks to all the integrated features and research tools.

Pros

• Extensive API integration and analytics tools.
• Highly functional app and website that make it super easy to use, even if you’re not familiar with forex trading.
• No minimum deposit requirements.
• Smart Portfolios offer pre-selected set of trades for improved diversification.
• Has a trust score of 99 out of 99 on Forex Brokers.

Cons

• Doesn’t have a copy trading feature, although this isn’t a massive loss for more experienced traders.
• Web platform may require manual configuration depending on the kind of layout you like.
• Doesn’t yet offer integration for MT5, although MT4 is available.

Fees

• Spreads can be as low as 0.6pips on major forex pairs.
• No account opening, deposit or withdrawal fees.
• Overnight fees depend on the market, but aren’t always charged.

What to consider when choosing a broker

When it comes to choosing the best broker with high leverage, there are plenty of things you should consider. For instance, if you’re trading CFDs, it’s essential to know how CFD leverage works as many brokers have this structure.

While your requirements will vary depending on your experience, trading desires, funds, and trading instruments, the absolute minimum requirements are:

Regulatory Status

This is a bit of a no-brainer, but you’ll want to use a broker that’s regulated by a national body. In the US, this is the CFTC and NFA, and in the UK it’s the FTC. But why is regulatory compliance important?

In short, it ensures all actions taken on the website by clients will contribute to a healthy market. This helps maintain market stability, which we all benefit from in our trading actions.

What’s more, it means that you as a trader are more protected: your money is kept safely, and you can be confident in your deposits and withdrawals. As with any money-based activity, security is essential.

Ease of Use

Ease of use is a subjective term, but the main things to look out for are:

• Straightforward deposits and withdrawals – options including wire transfers, bank check, PayPal, etc.
• Access to features such as research, education, and so on.
• Integration of APIs and third-party services. This won’t mean much to newbie traders, but APIs should integrate seamlessly into the trading platform.
• Instructions and tutorials.

More experienced traders will probably be able to pick up a new platform quickly, but those with less industry knowledge will benefit from accessibility.

Currency Pairs Offered

You’ll find pairs such as USD/EUR and USD/GBP on all websites, but also look out for pairs like USD/JPY and USD/CHF because these come with decent liquidity. If you’re a day trader, these are the ones to focus on. But if you’re looking to diversify or want more interest, a site with more currency pairs will be better.

Asset Selection

Although we’ve focused specifically on forex trading in this article, you might want to look at other options. These include crypto, shares, indices, commodities, and more. Trading different assets takes a bit of practice, but it can be a viable way to diversify your portfolio and minimize risk.

And if you can find a platform that offers numerous assets in one place, all the better. Bear in mind that some sites don’t offer certain assets in the US or other countries. You’ll be able to find this information on the broker’s website, so ensure you do plenty of research before making your pick.

Customer Support

Customer support can be easy to overlook when picking a broker, because it’s reasonable to assume that every site will have something. And while this is true, you’ll definitely notice the difference between levels of support when you’ve got a high-priority request that needs sorting ASAP.

Some sites offer 24/7 support through live chat or phone. This is the gold standard, as it means you can get your problem sorted very quickly. Others will only offer ticketed or email support, which can delay responses by a day or more.

High leverage and potentially volatile trades will benefit from responsive customer service, so bear this in mind when making your pick. However, it doesn’t have to be a deal breaker if a broker doesn’t offer 24/7 support, as you can usually get around this with community help.

How to open an account

The steps for opening an account will vary to a degree, but all should be straightforward. The process should go as follows:

1. Pick your broker. Choose the one that best meets your interests and requirements.
2. Sign up. Visit the website and register. Submit the required information, including your name, location, contact details, etc.
3. Verify your identity. You’ll need ID and proof of address for this, which will include a passport or driver’s license and a utility bill or bank statement. This step can take up to 2 business days.
4. Add funds. Deposit funds into your account using your chosen method. Bear in mind that some brokers will have a minimum deposit amount, so factor this into your initial decision.
5. Start trading. Explore the site and use a practice account if one is available. Once you’re ready, jump into trading!

When it comes to things like identity verification and depositing funds, you may find these affect your desire to use a broker. For example, if you want to get started ASAP, a 2-day wait isn’t ideal, and neither is a high minimum deposit. Make sure you look into these before making your decision.

What are the risks associated with high leverage?

The idea of high leverage in itself isn’t inherently bad because, as mentioned, it’s essentially a credit limit. However, it’s what you do with this borrowed money that can be risky. This includes:

Outsized losses

This is the obvious lesson that most beginners learn when they first dip their toes in the water of high-leverage trading. Due to increased position sizes, high leverage can greatly increase both profits and losses, which is why traders should use tools like a leverage calculator to evaluate potential outcomes.

Less Effective Management

Because your initial capital investment is small, it can be easy to overlook how much money you’re actually trading. This can lead to you feeling more confident and not conducting proper risk management.

Added Charges

Overnight funding charges will be calculated based on the amount you’ve invested, not the amount of your money that you deposited into your account. As such, the fees may be higher than you can manage.

Margin Calls

A margin call is when your position moves against you, leading to you having to deposit extra funds. Not doing so can lead to a loss, and you’ll want to avoid adding too much extra capital if you can avoid it. Learn more here in our full guide about margin calls.

Emotional Trading

High-value trades can lead to loss of objectivity, especially if it feels like you’re trading with someone else’s money. In turn, this can affect your decision-making, which is essential when you’re working with high leverage.

How we select and review platforms: Our methodology

To select our top picks for the best forex brokers with high leverage, we use several criteria. These include:

Trading Conditions

Along with leverage, we look at the trading conditions each platform offers. We’re particularly interested in spreads, fees, margin requirements, and other factors that will affect your user experience and the amount of money you can make.

User Reviews

It’s essential to look at what other people think of trading platforms. We look at things like Trust Pilot to see what real users think of their experience, as well as insights offered by market leading platforms. Users can typically offer the best information, although we equally consider the bias of people who may not have had particularly good experiences on a platform.

Functionality

We play around with trading platforms to see how they function from a user’s perspective. This includes things like opening an account, depositing and withdrawing money, and how it works for beginner and more experienced traders.

Customer Support

We think it’s vital that you can get the response you need if something goes wrong. This is why we look at the customer service options available as well as how quickly you’ll get an answer to your question.

Conclusion

Hopefully, you’ve now got some good options for the best high leverage forex broker. Our top overall pick is Tastyfx due to its flexibility, ease of use, and competitive costs. However, if you have more specific needs within forex trading, then any of the other options listed in this article will be a great pick.

When picking a forex broker with high leverage, make sure you do plenty of research to ensure it meets your requirements. Read user reviews and explore the broker’s site before making your decision, and you should be able to pick one that works for you.

If you’re new to leverage trading and want to understand how it affects your profits and losses, we recommend reading our article on how leverage impacts profits and our guide on how leverage affects losses.