Brokers with a leverage of 1:3000?

[francmorio]

This is just a question, other than fxglory, which other broker offers leverage of above 1:1000? Another question, is such a higher leverage very good for a trader, my broker only allows leverage of up to 1:1000, but I rather stick to a leverage of 1:100, I don't know if very high leverage is actually useful.

[Norm O'Neill]

This is just a question, other than fxglory, which other broker offers leverage of above 1:1000? Another question, is such a higher leverage very good for a trader, my broker only allows leverage of up to 1:1000, but I rather stick to a leverage of 1:100, I don't know if very high leverage is actually useful.

 

I am not really sure why would you worry so much over leverage? It is least of the worry for a good trader about leverage. If we are really good enough then we can do well regardless of leverage. However, it’s important to focus more on other departments like spread, execution speed and such. Fortunately, I am with OctaFX where all these factors are taken well-care of and I can work smoothly which obviously helps me up with profit making.

[Michael Butcher]

I can recommend you to visit site Finarm, which has a whole bunch of different companies listed. It's pretty convenient and can give you some insights. 

[Lechosław Król]

It is very important to choose a broker to trade with. If the broker is right, it is possible to gain a lot of profit by trading. Leverage is a very important part of a broker. The part without which a trader cannot secure his account. I trade in Eurotrader brokers. The leverage of this broker helps me a lot.

[e_abrams]

A leverage that high is straight up dangerous, in my opinion.

[Gardazuru]

Basically, brokers offer comfortable enough all sizes of leverage so that they can suit everyone.

[FXOpen Trader]

18 hours ago, e_abrams said:

A leverage that high is straight up dangerous, in my opinion.

We will have to understand that the use of High Leverages in doing our trades is Risky and not recommended.

[Lechosław Król]

I think the less you select the better the leverage. That's why I ask you to select 1:50 or 1: 100 leverage. This will keep your account secure. If a trader selects high leverage, it is very difficult to keep the trading account safe. I take advantage of leverage to make a profit.

[Hudson]

That is highly risky, and I will never use such brokers that offer higher leverage like 1:3000 because if failed, the loss will be higher, and the chances of winning are really thin when using such high leverage brokers.

[Upoctin]

High leverage can be risky for trader espacillay for new traders so as a new trader always start with low leverage.

[Gidencenti]

it all depends only on what you are looking for in a broker, and there are any on the market now

[Vaabum]

Isn't that too much? Why such a risk?

[nanamage]

On 6/1/2021 at 8:38 PM, Lechosław Król said:

It is very important to choose a broker to trade with. If the broker is right, it is possible to gain a lot of profit by trading. Leverage is a very important part of a broker. The part without which a trader cannot secure his account. I trade in Eurotrader brokers. The leverage of this broker helps me a lot.

Using leverage is very risky. So how much leverage is used in Eurotrader so that capital remains safe?

[Vaabum]

Do not forget that in this case, the likelihood that the trader can get a very noticeable loss increases.