When you go for Forex trading, you need to know the key concept of leverage. Knowing about leverage is necessary for traders of all levels because it can affect your earnings. In the UK, many Forex brokers offer their trading services with different leverages.
Some of those are high leverage Forex brokers UK. So, what are these, and how can they benefit you? Here we will discuss everything you need to know about the high leverage Forex brokers UK.
ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA
up to 40% bonus
$10 000 demo
FCA, ASIC, CIMA, SIBL
up to 50% bonus
VFSC, FSC, IBFC
FCA, IIROC, JFSA, NFA, CIMA, FSA, ASIC, CFTC
up to $5000 bonus
High leverage in Forex trading can be very important because leverage means borrowing funds from your broker. It allows you to open higher positions compared to the total revenue in your account.
In simple words, it means that you can open a position with $10 with leverage of 1:100. In this way, you will be opening a position for $1000 which will be 100 times the amount you have in your account. So, higher leverage can also mean more favorable trading options for you. When choosing a high leverage trading option, there are a few things that you must consider, like the following:
High leverage trading may seem attractive but having an experience in the trading world is very important. Knowing what you are getting into helps in maintaining your trading journey. However, only having experience is not enough as you also need to go with the right trader.
While FCA and PRA restrict brokers from offering leverage higher than 1:30, some Forex brokers offer up to 1:500 for professional traders. So, if you are looking for a high leverage Forex broker in the UK, below are our top 7 picks.
FXTM is a global CFD and Forex broker that comes under the regulation of FCA and CySEC. So, there will be no reliability issues if you choose to go with it. However, when you trade here, you need to know how things work because there is a high risk of losing money and a high chance of earning.
Here you can experience good customer service and learning tools that will be very helpful in beginning your journey with Forex trading. However, beware of the withdrawal and inactivity fees as they may lower your profits.
FxPro has been providing its Forex trading services since 2006, and it also comes under the regulation of FCA. So, it is one of the UK’s safest and most reliable trading platforms. With FxPro, you will have an amazing account opening experience, whether you are a newbie or an expert trader.
Its user-friendly features like free withdrawals and deposits and good customer support make it a preferable choice. However, you must stay active here because FxPro has an inactivity fee.
OctaFX is a low-cost trading platform that brings the MetaTrader experience to you. Although the number of trading instruments here is limited, the pricing options and overall features you get here are amazing.
It does not operate as a bank, and there is only one regulatory authority, Cyprus regulating it; that’s why the reliability is not as high as many others. Additionally, the minimum deposit requirement may not be easy for everyone.
LCG, also known as London Capital Group, is your next good choice if you are looking for a Forex broker that offers high leverage. The company has been serving since 1996 and has a good market reputation. It comes under FCA regulations making it even more reliable. It offers you a demo account, and here you also get a chance to win a $5000 welcome bonus depending on your initial deposit.
FXOpen is one of the industry leaders in the Forex trading industry in the UK because of FCA regulation and its high leverage. It has high-end services with the best trading conditions. On top of that, the financial services and innovative solutions make the trading experience even better for traders in the UK.
It brings an auto trading feature and convenient performance reporting to see how one has been performing. However, you may not find a lot of learning material here.
Admiral Markets comes with FCA, ASIC, and CySEC regulations, meaning that the platform is reliable. It lies among some of the best high leverage Forex trading platforms in the UK. It offers good educational content along with premium analytics. Admiral Markets also comes with risk management volatility protection tools. However, it does not run a bank, and some trading options here are not as good as others.
FIBO group comes with CySEC and FSC regulations making it somewhat secure for traders in the UK. One of the main attractions of this platform is the trading platforms it offers and its high leverage. If you are a beginner in the Forex trading world, it offers you a demo account to get a starting experience. The payment processing here is also good, but sometimes payment can take up to a few days.
It also offers some learning content for beginners covering everything from the basics.
Below is a quick comparison of the best 7 high leverage brokers you can select in the UK.
|Forex Broker||Leverage in the UK||Minimum Deposit||Trading Platform|
|FxPro||1:25||$100||MT4 and MT5|
|OctaFX||1:30||$100||MT4 and MT5|
|LCG||1:30||$0||Proprietary trading platform|
|FXOpen||1:3 to 1:500||$10||MT4 and MT5|
|$250||MT4, MT5, and cTrader|
|FIBO Group||1:500(only accepts professional traders)||$50||MT4, MT5, and cTrader|
Here you can check the value these trading platforms offer you, considering their trading platform choices, leverage and minimum deposit. In this way, it will become easier for you to decide to choose one of these Forex brokers to start your journey with. Are you interested in MT4 trading? Here are the best MT4 trading apps for you.
The high leverage Forex brokers UK are a good option when you combine the high leverage with minimum deposit benefits. In this way, you can safely test out a broker to see if their services are good for your long-term experience or not. Usually, the trading conditions are suitable for most traders when you select one of the top 7 high leverage Forex brokers UK.