A leverage of 1:3000?

[francmorio]

See, ever since I started trading, I've always used a leverage of 1:100, not that my broker doesn't allow a leverage of 1:1000, but, I've just realized that fxglory and FBS have a leverage of up to 1:3000. I don't know if this leverage is really the best, whats you take on this?

[alwiandesta]

Think back to when you opened your Live Trading Account with FXB Trading - if you have not opened an account yet, click here to get started. At some point during our quick and easy account opening process, we ask you to select your leverage, correct? What level of leverage did you choose and why? Whichever leverage you choose or are thinking of choosing, read on to get a clear idea of the effect your leverage can have on your trading results.

[francmorio]

Think back to when you opened your Live Trading Account with FXB Trading - if you have not opened an account yet, click here to get started. At some point during our quick and easy account opening process, we ask you to select your leverage, correct? What level of leverage did you choose and why? Whichever leverage you choose or are thinking of choosing, read on to get a clear idea of the effect your leverage can have on your trading results.

You're so keen to promote FXB Trading that you even forgot to answer my question I asked a question about Leverage. I don't need any broker, I already have a good broker. Thanks

[yasrielkarunia]

I think leverage 1: 3000 is not possible because the broker also does not want to lose. and I recommend to choose a small leverage and can help you when trading. My broker FXB Trading provides various leverage facilities.

[francmorio]

I think leverage 1: 3000 is not possible because the broker also does not want to lose. and I recommend to choose a small leverage and can help you when trading. My broker FXB Trading provides various leverage facilities.

It is very true, a leverage of 1:3000 is possible, brokers such as Justforex and fxglory are also known to be offering a leverage of 1:3000. So to me, I have not used either of  this brokers, just that I know leverage of 1:3000 is a bit risky.

[Niam007]

That's a very high leverage for me, for trading in IC Markets I prefer to trade using low leverage like 1: 500. The higher the leverage the higher the risk I will get
 

[bearhugs]

Leverage is considered as an important financial tool which an investor should consider when choosing a broker. By and large traders in particularly the newcomers fall a great loss by taking high leverage.

[francmorio]

That's a very high leverage for me, for trading in IC Markets I prefer to trade using low leverage like 1: 500. The higher the leverage the higher the risk I will get

 

Upon close checking this site IC Markets, I have some observations, they say spreads are 0.0, but I'm damn sure this is not the case unless they're commission broker. Another thing, the minimum deposit should be $200,, I guess this is too high, considering the fact that some brokers out there have a minimum deposit of up to 0.00.

[cokodot]

1:3000 is high leverage and it mean the risk willbe higher too if we can not maximize leverage as well as possible. We do not have to use the maximum leverage which provided by broker, just choose the right one for us. I also just use 1:500 for trading in FXB Trading. Actually, it's the maximum leverage but it's lower than 1:3000

[boltushkin]

1:3000 is high leverage and it mean the risk willbe higher too if we can not maximize leverage as well as possible. We do not have to use the maximum leverage which provided by broker, just choose the right one for us. I also just use 1:500 for trading in FXB Trading. Actually, it's the maximum leverage but it's lower than 1:3000

 

 

I use 1:100 leverage with Hotforex and strongly don't recommend to use more than that. Volatility in forex can make impossible profitable trading, because price will often hit stop loss which is really hard to manage emotionally as well as technically

[alextrader79]

I see that everyone here are promoting some company... Still, I advice you to use up to 1:500 leverage and not more. If you don't want to lose all your money

[bearhugs]

Leverage allows you to control an amount like 100,000 with a small amount like $500.Basically, leverage in regular trading terms means money borrowed from the broker. Leverage is expressed as a ratio and is based on the margin requirements imposed by your broker.

[francmorio]

That's a very high leverage for me, for trading in IC Markets I prefer to trade using low leverage like 1: 500. The higher the leverage the higher the risk I will get

 

Yes its true IC markets allow leverage of 1:500, but check again, I know tons of brokers that offer the same leverage if not higher. brokers such as Instaforex, Liteforex, Justforex, and tons of many others offer the same leverage. I guess leverage alone is not enough.

[bearhugs]

Leverage allows you to control an amount like 100,000 with a small amount like $500. In forex, It’s necessary to choose the low leverage trading account which is best suited as per your knowledge level.

[Gee Dee]

As we all know leverage is one of the factors that we usually take into consideration while selecting a forex broker, a kind of facility it is for traders. Leverage is the effective mount of funds a trader can borrow from his broker against his initial margin. 1:3000 a high leverage: you can borrow at maximum $3000 against each $1.. But it does not necessarily mean that you will borrow the full amount. If you are a micro investor and have the capability to repay loan then high leverage is not a problem.

[francmorio]

I use 1:100 leverage with Hotforex and strongly don't recommend to use more than that. Volatility in forex can make impossible profitable trading, because price will often hit stop loss which is really hard to manage emotionally as well as technically

I believe as long as you know how to trade any leverage is good for you. Personally, I trade with 1:1000 with freshforex. I must confess, its a bit risky but as long as you know how to trade even 1:3000 is good.

[bearhugs]

How can it be a good leverage for trader, 1:3000 is surely really high and broker must bear capital which you have now. For avoiding risk, actually, I have been using 1:100 leverage from my first day of trading.

[francmorio]

That's a very high leverage for me, for trading in IC Markets I prefer to trade using low leverage like 1: 500. The higher the leverage the higher the risk I will get

 

I'm with freshforex, they offer a leverage of 1:1000. despite these leverage, I only use 1:100. Higher leverage is both good and dangerous.