What forex brokers have the highest leverage?
The highest leverage on major forex pairs is 5000:1, stated by ThinkMarkets through TF Global Markets Int Limited (FSA Seychelles) and by FXTM through Exinity Limited (FSC Mauritius). ThinkMarkets applies it to the first lot only.
Maximum retail leverage by entity, read September 28, 2026
| Rank | Broker | Score | Maximum retail leverage (major pairs) | Condition | Entity | Regulator, licence | Register confirms | Broker states | Source, read | Visit |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 |  ThinkMarkets | 70 | 5000:1 | First lot only (0 to 1 lot); 2000:1 from 1.01 lots | TF Global Markets Int Limited | FSA Seychelles, SD060 | FSA Seychelles register: TF Global Markets Int Ltd listed; no status field, no licence number printed, September 28, 2026 | Licence SD060; 5000:1; thinkmarkets.com, September 28, 2026 | thinkmarkets.com, September 28, 2026 | Visit |
| 2 |  FXTM | 65.4 | 5000:1 | Floating leverage, Rewards Plus and Rewards accounts | Exinity Limited | FSC Mauritius, C113012295 | FSC Mauritius public register: Exinity Limited listed as Investment Dealer; no licence number in the list view, September 28, 2026 | Licence C113012295; 5000:1; fxtm.com, September 28, 2026 | fxtm.com, September 28, 2026 | Visit |
| 3 | FBS | 66.3 | 3000:1 | Account equity under 200 (USD or EUR) | FBS Markets Inc. | FSC Belize, 4077102 | FSC Belize licence search: FBS MARKETS INC., Active, licence 4077102, September 28, 2026 | Licence 4077102; 3000:1; fbs.com, September 28, 2026 | fbs.com, September 28, 2026 | Visit |
| 4 |  RoboForex | 64.4 | 2000:1 | Pro and ProCent accounts; 1000:1 above US$10,000 equity | RoboForex Ltd | FSC Belize, 9759600 | FSC Belize licence search: ROBOFOREX LTD., Active, licence 9759600, September 28, 2026 | Licence 9759600; 2000:1; roboforex.com, September 28, 2026 | roboforex.com, September 28, 2026 | Visit |
| 5 |  Tickmill | 75.8 | 1000:1 | Selected symbols including EUR/USD on MT5, Tickmill Trader and TradingView; 500:1 by default | Tickmill Ltd | FSA Seychelles, SD008 | FSA Seychelles register: Tickmill Ltd listed as Securities Dealer; no licence number printed, September 28, 2026 | Licence SD008 (licences page); 1000:1 (leverage page); tickmill.com, September 28, 2026 | tickmill.com, September 28, 2026 | Visit |
| 6 |  Fintrix Markets | 73 | 1000:1 | 500:1 at opening; 1000:1 selected in the client portal | Fintrix Markets Ltd | FSC Mauritius, GB22200883 | FSC Mauritius public register: Fintrix Markets Ltd listed as Investment Dealer; no licence number in the list view, September 28, 2026 | Licence GB22200883; 1000:1; fintrixmarkets.com, September 28, 2026 | fintrixmarkets.com, September 28, 2026 | Visit |
| 7 |  OANDA | 88.3 | 888:1 | Accounts opened after October 3, 2022, EUR/USD first margin tier (under 0.5m); older accounts likely 200:1 | OANDA Global Markets Ltd | FSC BVI, SIBA/L/20/1130 | BVI FSC regulated entities: OANDA GLOBAL MARKETS LIMITED listed under currently regulated entities; no licence number printed, September 28, 2026 | Licence SIBA/L/20/1130; 888:1 or lower; oanda.com, September 28, 2026 | oanda.com, September 28, 2026 | Visit |
| 8 |  BlackBull Markets | 84.5 | 500:1 | Standard, Raw and Pro accounts | BBG Limited | FSA Seychelles, SD045 | FSA Seychelles register: BBG Limited listed as Securities Dealer; no licence number printed, September 28, 2026 | Licence SD045; 500:1; blackbull.com, September 28, 2026 | blackbull.com, September 28, 2026 | Visit |
| 9 | Purple Trading | 54.5 | 500:1 | EUR/USD, GBP/USD, USD/CHF and GBP/JPY on purple-trading.sc | AXSE Brokerage Ltd | FSA Seychelles, SD041 | FSA Seychelles register: AXSE Brokerage Ltd listed as Securities Dealer; no licence number printed, September 28, 2026 | Licence SD041; 500:1; purple-trading.sc, September 28, 2026 | purple-trading.sc, September 28, 2026 | Visit |
| 10 |  Pepperstone | 93.5 | 400:1 | Retail clients of the Kenya entity | Pepperstone Markets Kenya Limited | CMA Kenya, 128 | CMA Kenya licensee list: Pepperstone Markets Kenya Limited listed, licence 128, September 28, 2026 | Licence 128; 400:1; pepperstone.com, September 28, 2026 | pepperstone.com, September 28, 2026 | Visit |
| 11 |  Plus500 | 58.8 | 300:1 | Forex CFDs; no account condition stated | Plus500SEY Ltd | FSA Seychelles, SD039 | FSA Seychelles register: Plus500SEY Ltd listed; no status field, no licence number printed, September 28, 2026 | Licence SD039; 300:1; plus500.com, September 28, 2026 | plus500.com, September 28, 2026 | Visit |
| 12 |  Capital.com | 74.8 | 200:1 | Retail clients, all assets except crypto (20:1) | Capital Com Online Investments Ltd | SCB, SIA-F245 | SCB registrants list, March 31, 2026: Capital Com Online Investments Ltd. listed; no licence number printed, read September 28, 2026 | Licence SIA-F245; 200:1 (Bahamas Terms version 7); capital.com, September 28, 2026 | img.capital.com, September 28, 2026 | Visit |
| 13 |  IG Group | 68.2 | 200:1 | Tier one margin 0.5%, smallest position tier | IG International Limited | BMA, licensed (no number printed) | BMA regulated entities: IG International Limited listed as a licensed investment business; no licence number printed, September 28, 2026 | BMA licence, no number stated; 0.5% tier one margin (200:1); ig.com, September 28, 2026 | ig.com, September 28, 2026 | Visit |
| 14 |  FOREX.com | 67.6 | 200:1 | 0.5% EUR/USD margin (200:1 our arithmetic); MetaTrader may be higher | GAIN Global Markets Inc. | CIMA, 25033 | CIMA licensee list, June 30, 2025: GAIN Global Markets, Inc. listed, licence 25033, read September 28, 2026 | Licence 25033; 0.5% EUR/USD margin (200:1 our arithmetic); forex.com, September 28, 2026 | forex.com, September 28, 2026 | Visit |
| 15 | ATC Brokers | 43.7 | 200:1 | Cayman Islands division, one leverage setting | ATC Brokers Limited | CIMA, 1448274 | CIMA licensee list, June 30, 2025: ATC Brokers Limited listed, licence 1448274, read September 28, 2026 | FRN 1448274; 200:1 (Cayman Islands division); atcbrokers.com, September 28, 2026 | atcbrokers.com, September 28, 2026 | Visit |
FSCS is the Financial Services Compensation Scheme.
Every figure is the entity's own published maximum for retail clients on major pairs, which we read on September 28, 2026. The condition column matters, because most of these maximums shrink as the position or the account grows. We tied each ratio to the entity that states it and checked every ranked entity on its regulator's own public register, using the Cayman Islands Monetary Authority's quarterly licensee list dated June 30, 2025 for the two Cayman entities.
You can sort the table by any column, and sorting changes only the display order, never a broker's rank, which follows the leverage rule.
Brokers are listed by the maximum retail leverage on major currency pairs available through a named, regulated entity, highest first, with ties going to the broker with the higher published rating.
- ThinkMarkets: 5000:1, TF Global Markets Int Limited (FSA Seychelles)
- FXTM: 5000:1, Exinity Limited (FSC Mauritius)
- FBS: 3000:1, FBS Markets Inc. (FSC Belize)
- RoboForex: 2000:1, RoboForex Ltd (FSC Belize)
- Tickmill: 1000:1, Tickmill Ltd (FSA Seychelles)
- Fintrix Markets: 1000:1, Fintrix Markets Ltd (FSC Mauritius)
- OANDA: 888:1, OANDA Global Markets Ltd (FSC BVI)
- BlackBull Markets: 500:1, BBG Limited (FSA Seychelles)
- Purple Trading: 500:1, AXSE Brokerage Ltd (FSA Seychelles)
- Pepperstone: 400:1, Pepperstone Markets Kenya Limited (CMA Kenya)
- Plus500: 300:1, Plus500SEY Ltd (FSA Seychelles)
- Capital.com: 200:1, Capital Com Online Investments Ltd (SCB)
- IG Group: 200:1, IG International Limited (BMA)
- FOREX.com: 200:1, GAIN Global Markets Inc. (CIMA)
- ATC Brokers: 200:1, ATC Brokers Limited (CIMA)
This video was published on January 13, 2026, before we ranked this page by maximum retail leverage through a regulated entity, so the list beside it is the current order.
What You Give Up With An Offshore Entity
Every leverage ratio on this page, from ThinkMarkets at 5000:1 to ATC Brokers at 200:1, sits above the caps of the UK, Cypriot, Australian, Singaporean and US regimes because each ratio comes through an entity regulated by the regulators in Seychelles, Mauritius, Belize, Kenya, the British Virgin Islands, The Bahamas, Bermuda and the Cayman Islands. The entity you get is set by where you live. BlackBull Markets says: “The entity that provides your account depends on your country of residence and the regulatory requirements that apply to you.” That entity decides the protections attached to your account.
Some of these entities tell you plainly what you give up. AXSE Brokerage (Purple Trading) says it “is not part of the European financial regulatory framework” and that “there is no provision for an investor compensation scheme”. OANDA Global Markets’ Retail Clients Terms of Business say trading “can result in losses that exceed the total sum you have invested. All negative balances are payable.” A negative balance at OANDA Global Markets is money you owe the broker. FOREX.com says “you do risk incurring losses greater than your account balance, especially during periods of extreme market volatility”. ATC Brokers says its safeguards against a negative balance “may fail making it possible to incur a negative balance while trading”. Tickmill’s compensation-scheme list names UK clients (FSCS) and EU clients (ICF) only, and names no scheme for Tickmill Ltd (Seychelles) clients.
Others offer you protections, and we checked what each says on its own pages. Plus500 says for Plus500SEY: “Customers cannot lose more than the funds they have on their account”, so the most you can lose is your account balance. Capital.com’s Bahamas terms describe a “no negative balance” protection programme, and ThinkMarkets offers negative balance protection on ThinkTrader accounts. Check the entity name printed on your client agreement before funding an account, because that name, and its regulator, decides what happens to your money. Our Best Offshore Forex Brokers page compares offshore brokers.
Broker reviews
1. ThinkMarkets
Maximum retail leverage
5000:1
Entity
TF Global Markets Int Limited
Regulator, licence
FSA Seychelles, SD060
Condition
First lot only (0 to 1 lot); 2000:1 from 1.01 lots
Why It Ranks Here
ThinkMarkets sits first at 5000:1, the highest ratio on this page, and the tie-break against FXTM's identical 5000:1 is our published rating, 70 against 65.4. The ratio runs through TF Global Markets Int Limited, regulated by the Seychelles Financial Services Authority (FSA Seychelles), licence SD060. If you trade more than one lot, your leverage steps down: the 5000:1 covers the first lot only, 0 to 1 lot, on EUR/USD and five other majors with dynamic leverage, and it falls to 2000:1 from 1.01 to 5 lots.
What To Weigh
On protection, ThinkMarkets says: "ThinkMarkets offers negative balance protection on ThinkTrader accounts." I would treat that as limited cover, because the wording is scoped to ThinkTrader and does not reach every account you might open. Confirm your account type before relying on the cover. The minimum deposit in our dataset is US$0, and the platforms are MT4, MT5, ThinkTrader and TradingView. We read the leverage tiers and checked the entity on the FSA Seychelles register on September 28, 2026.
Pros & cons
- 5000:1 on the first lot
- Minimum deposit US$0
- First lot only, then 2000:1
- Protection scoped to ThinkTrader accounts
2. FXTM
Maximum retail leverage
5000:1
Entity
Exinity Limited
Regulator, licence
FSC Mauritius, C113012295
Condition
Floating leverage, Rewards Plus and Rewards accounts
Why It Ranks Here
FXTM ranks second on the same 5000:1 maximum retail leverage on major pairs, reached through Exinity Limited, regulated by the Financial Services Commission, Mauritius (FSC Mauritius), licence C113012295. ThinkMarkets takes first on its higher published rating, and FXTM sits ahead of FBS at 3000:1. The condition is floating leverage on the Rewards Plus and Rewards accounts, and the floating tiers are not published on the pages we read on September 28, 2026, so the 5000:1 figure is a stated maximum without a visible tier structure. Ask FXTM where the floating tiers step down before you size a position.
What To Weigh
Where a stop out leaves a negative balance, FXTM's Terms of Business (November 2023) say "general negative balance protection rules found in the Client Agreement will apply", and that FXTM "may compensate this loss from the funds in any of your other accounts held by us". Read the Client Agreement before funding, because that is where the rules are found. Exinity Limited's footer says it "does not provide services to residents of the USA, ... India and the United Kingdom", so check that list against your country of residence. Your Rewards Plus account opens from US$100 and Rewards from US$200, on MetaTrader 4 and MetaTrader 5.
Pros & cons
- 5000:1 through Exinity Limited
- Two account options from US$100
- Floating tiers not published
- No services for US, India, UK residents
3. FBS
Maximum retail leverage
3000:1
Entity
FBS Markets Inc.
Regulator, licence
FSC Belize, 4077102
Condition
Account equity under 200 (USD or EUR)
Why It Ranks Here
FBS offers 3000:1 maximum retail leverage on major pairs through FBS Markets Inc., regulated by the Financial Services Commission of Belize (FSC Belize), licence 4077102, which we checked on the regulator's register on September 28, 2026. Watch your equity: the ratio holds only while account equity is under 200 (USD or EUR), and it drops to 2000:1 from 200 to 4,999. That sits FBS third, behind the two 5000:1 brokers and ahead of RoboForex at 2000:1.
What To Weigh
Among its protections, FBS says it provides "segregated accounts", and that is the only protection statement we found. My concern is the silence on negative balances: ask FBS in writing what happens if your balance goes below zero. The minimum deposit in our dataset is US$5, and the platform set splits by region: MT5 in Australia and the EU, and MT4, MT5 and the FBS App elsewhere.
Pros & cons
- 3000:1 with equity under 200
- Minimum deposit US$5
- Falls to 2000:1 at equity 200
- No negative balance statement found
4. RoboForex
Maximum retail leverage
2000:1
Entity
RoboForex Ltd
Regulator, licence
FSC Belize, 9759600
Condition
Pro and ProCent accounts; 1000:1 above US$10,000 equity
Why It Ranks Here
RoboForex ranks fourth as the only broker at 2000:1 maximum retail leverage on major pairs. The ratio runs through RoboForex Ltd, regulated by the Financial Services Commission of Belize (FSC Belize), licence 9759600, and applies on the Pro and ProCent accounts, so if you hold a different account type, this figure is not yours. Equity is the limiting condition: leverage is cut to 1000:1 when equity exceeds US$10,000. Behind it sit Tickmill and Fintrix Markets at 1000:1.
What To Weigh
RoboForex says RoboForex Ltd is an "A" category member of the Financial Commission and a participant of its Compensation Fund, which "provides protection up to EUR 20,000 per case should a Member refuse to adhere to a judgment from the Financial Commission". That is a dispute-resolution scheme: it pays only if a Member refuses a Financial Commission judgment. Count it in your favour, but size your positions as if you had no cover. The minimum deposit in our dataset is US$10, across MT4, MT5, R StocksTrader and the mobile app.
Pros & cons
- 2000:1 on Pro accounts
- Compensation Fund to EUR 20,000
- Pro and ProCent accounts only
- Cut to 1000:1 above US$10,000
5. Tickmill
Maximum retail leverage
1000:1
Entity
Tickmill Ltd
Regulator, licence
FSA Seychelles, SD008
Condition
Selected symbols including EUR/USD on MT5, Tickmill Trader and TradingView; 500:1 by default
Why It Ranks Here
Tickmill leads the two-broker 1000:1 tier ahead of Fintrix Markets, on its published rating of 75.8 against 73. The ratio runs through Tickmill Ltd, regulated by the Seychelles Financial Services Authority (FSA Seychelles), licence SD008, and applies to selected symbols including EUR/USD, with dynamic leverage on MT5, Tickmill Trader and TradingView. On MT4, and by default, your cap is 500:1, so the platform choice decides the ratio.
What To Weigh
Tickmill says: "Regulatory protections and compensation arrangements vary depending on the Tickmill entity with which your account is opened." Its compensation-scheme list names UK clients (FSCS) and EU clients (ICF) only, and names no scheme for Tickmill Ltd (Seychelles) clients, though client money is held "in segregated accounts at tier-1 banks". The ratio you get depends on the platform you open on: 500:1 on MT4 and by default, 1000:1 on selected symbols on MT5, Tickmill Trader and TradingView. Your pair also needs to sit on the selected list. The minimum deposit in our dataset is US$100.
Pros & cons
- Highest rating of the 1000:1 brokers
- Segregated accounts at tier-1 banks
- 500:1 on MT4 by default
- No Seychelles compensation scheme
6. Fintrix Markets
Maximum retail leverage
1000:1
Entity
Fintrix Markets Ltd
Regulator, licence
FSC Mauritius, GB22200883
Condition
500:1 at opening; 1000:1 selected in the client portal
Why It Ranks Here
Fintrix Markets offers 1000:1 maximum retail leverage on major pairs through Fintrix Markets Ltd, regulated by the Financial Services Commission, Mauritius (FSC Mauritius), licence GB22200883. The ratio comes with a condition: your account opens at 500:1 and stays there until you select 1000:1 in the client portal. Fintrix Markets ties with Tickmill at 1000:1 and ranks second of the two on its published rating, 73 against 75.8.
What To Weigh
Fintrix Markets says its client funds insurance "provides an additional layer of financial protection for eligible clients in the event of an insured insolvency event, subject to the policy terms and conditions". That is an insurance programme, and eligibility rests on policy terms you should read before relying on it. Ask Fintrix Markets who counts as eligible before you deposit. Trading is on MT4, MT5, Fintrix Platforms and Social Trading, and our dataset records a US$0 minimum deposit on the Standard account (fintrixmarkets.com, read September 15, 2026).
Pros & cons
- 1000:1 via client portal selection
- US$0 minimum deposit on the Standard account
- Accounts open at 500:1
- Insurance limited to policy terms and conditions
7. OANDA
Maximum retail leverage
888:1
Entity
OANDA Global Markets Ltd
Regulator, licence
FSC BVI, SIBA/L/20/1130
Condition
Accounts opened after October 3, 2022, EUR/USD first margin tier (under 0.5m); older accounts likely 200:1
Why It Ranks Here
OANDA states 888:1 maximum retail leverage on major pairs through OANDA Global Markets Ltd, regulated by the British Virgin Islands Financial Services Commission (BVI FSC) under licence SIBA/L/20/1130. The figure is OANDA's own statement on the entity's calculating margin page: "Available leverage in OANDA Global Markets is 888:1 or lower." The margin-rates document dated August 28, 2026 applies 888:1 to the first margin tier on EUR/USD and says accounts opened after October 3, 2022 are likely to get it, while accounts opened before that date are likely to get 200:1. OANDA ranks seventh, alone at 888:1, below Tickmill and Fintrix Markets at 1000:1 and above BlackBull Markets and Purple Trading at 500:1. If your account opened before October 3, 2022, plan your margin on 200:1.
What To Weigh
OANDA Global Markets' Retail Clients Terms of Business, effective February 22, 2023, say trading "can result in losses that exceed the total sum you have invested. All negative balances are payable." I would treat that as the plainest protection warning on this page. If your account goes negative, you owe the difference, so keep your positions small. Platforms are OANDA Trade, MetaTrader 4, and TradingView, and the minimum deposit in our dataset is US$0.
Pros & cons
- Zero minimum deposit in our dataset
- Three platforms including OANDA Trade
- All negative balances payable
- Accounts opened before October 3, 2022: likely 200:1
8. BlackBull Markets
Maximum retail leverage
500:1
Entity
BBG Limited
Regulator, licence
FSA Seychelles, SD045
Condition
Standard, Raw and Pro accounts
Why It Ranks Here
BlackBull Markets offers 500:1 maximum retail leverage on major pairs through BBG Limited, regulated by the Seychelles Financial Services Authority (FSA Seychelles), licence SD045. The condition is account-based: Standard, Raw and Pro accounts carry the ratio. BlackBull Markets ties with Purple Trading at 500:1 and ranks first of the two on its published rating, 84.5 against 54.5.
What To Weigh
BlackBull Markets says: "The entity that provides your account depends on your country of residence and the regulatory requirements that apply to you." It holds client funds "in segregated client accounts with ANZ Bank in New Zealand", but no negative balance or compensation statement for BBG Limited was found in three reads. In my view, that gap matters at 500:1, where a 0.2% move against you can wipe out the whole margin on a US$100,000 position. Get negative balance confirmation in writing from BlackBull before you fund the account.
Pros & cons
- Segregated funds at ANZ Bank
- Highest rating on this tier at 84.5
- No negative balance statement found
- 500:1 only on three account types
9. Purple Trading
Maximum retail leverage
500:1
Entity
AXSE Brokerage Ltd
Regulator, licence
FSA Seychelles, SD041
Condition
EUR/USD, GBP/USD, USD/CHF and GBP/JPY on purple-trading.sc
Why It Ranks Here
Purple Trading offers 500:1 maximum retail leverage on major pairs through AXSE Brokerage Ltd (trading as Purple Trading), regulated by the Seychelles Financial Services Authority (FSA Seychelles), licence SD041. The condition is pair-based: EUR/USD, GBP/USD, USD/CHF and GBP/JPY carry 500:1 on purple-trading.sc. Purple Trading ties with BlackBull Markets at 500:1 and ranks second of the two on its published rating of 54.5. Check any pair you trade against that list.
What To Weigh
AXSE Brokerage Ltd says it "is not part of the European financial regulatory framework" and that "there is no provision for an investor compensation scheme". Its site does list negative balance protection. My concern is the absence of an investor compensation scheme: no compensation scheme stands behind the entity if it fails. Keep that in view as you size your positions. The minimum deposit in our dataset is US$100, and the platforms are cTrader, MT4, MT5 and TradingView.
Pros & cons
- Negative balance protection listed
- 500:1 on four major pairs
- No investor compensation scheme
- Rating of 54.5, lowest of its tier
10. Pepperstone
Maximum retail leverage
400:1
Entity
Pepperstone Markets Kenya Limited
Regulator, licence
CMA Kenya, 128
Condition
Retail clients of the Kenya entity
Why It Ranks Here
Pepperstone offers 400:1 maximum retail leverage on major pairs through Pepperstone Markets Kenya Limited, regulated by the Capital Markets Authority of Kenya (CMA Kenya), licence 128. The condition is entity-based: the ratio is for retail clients of the Kenya entity only. Pepperstone sits alone at 400:1, between the 500:1 tier and the 300:1 Plus500 offers. It holds the highest published rating on this page at 93.5, and still ranks tenth, because the ranking rule is leverage, not rating.
What To Weigh
Pepperstone says Kenya clients' money is "held in a segregated client account" under the Capital Markets (Online Foreign Exchange Trading) Regulations, 2017. Its FCA and ASIC entities cap retail clients at 30:1 on major pairs, so the 400:1 exists only through the Kenya entity, and access depends on where you can open. Ask Pepperstone which entity covers your country.
Pros & cons
- Segregated funds under Kenyan regulations
- Highest rating on the page at 93.5
- 400:1 only through the Kenya entity
- Ranked tenth by the leverage rule
11. Plus500
Maximum retail leverage
300:1
Entity
Plus500SEY Ltd
Regulator, licence
FSA Seychelles, SD039
Condition
Forex CFDs; no account condition stated
Why It Ranks Here
Plus500 offers 300:1 maximum retail leverage on major pairs through Plus500SEY Ltd, regulated by the Seychelles Financial Services Authority (FSA Seychelles) under licence SD039, and the ratio applies to its forex CFDs with no account condition stated on the page we read on September 28, 2026. It sits between Pepperstone's Kenya-entity 400:1 and the 200:1 group.
What To Weigh
Plus500 says for Plus500SEY that customers "cannot lose more than the funds they have on their account", and that funds "are kept in segregated bank accounts". Read the Plus500SEY terms before funding. My concern is the platform. Trading runs on the proprietary Plus500 Trading Platform only, so if you rely on MetaTrader this entity is not for you. The minimum deposit in our dataset is US$100.
Pros & cons
- Negative-balance language on Seychelles entity
- Segregated bank accounts for client funds
- Single platform, no MetaTrader
- Ratio only on forex CFDs
12. Capital.com
Maximum retail leverage
200:1
Entity
Capital Com Online Investments Ltd
Regulator, licence
SCB, SIA-F245
Condition
Retail clients, all assets except crypto (20:1)
Why It Ranks Here
Capital.com offers 200:1 maximum retail leverage on major pairs through Capital Com Online Investments Ltd, regulated by the Securities Commission of The Bahamas under licence SIA-F245, per the Bahamas Terms and Conditions version 7, April 2026. The ratio covers retail clients across all assets except crypto, capped at 20:1. Capital.com leads the 200:1 group of four on its published rating of 74.8. The protections differ across the four 200:1 brokers. At 200:1, a US$100,000 position ties up US$500 of your margin.
What To Weigh
Capital.com's Bahamas terms describe a "no negative balance" programme "whereby the Client cannot lose more than his/her investment", with client funds held in segregated bank accounts. Crypto positions are capped at 20:1 under the same terms, so one account gives you two ratios if you trade crypto. Platforms are MT4, MT5, TradingView and the Capital.com Web Trader and app, and the minimum deposit in our dataset is US$20 by standard payment methods.
Pros & cons
- No-negative-balance programme in Bahamas terms
- Segregated bank accounts for client funds
- Crypto capped at 20:1
- US$250 minimum deposit by wire transfer
13. IG Group
Maximum retail leverage
200:1
Entity
IG International Limited
Regulator, licence
BMA, licensed (no number printed)
Condition
Tier one margin 0.5%, smallest position tier
Why It Ranks Here
IG Group offers 200:1 maximum retail leverage on major pairs through IG International Limited, regulated by the Bermuda Monetary Authority, whose licence IG states without printing a number. The ratio reflects tier one margin of 0.5% on EUR/USD on the smallest position tier, and margin rises with position size across four tiers, so you only get 200:1 on the smallest positions. Check the tiers before sizing. IG Group ranks second of the four 200:1 brokers on its published rating, 68.2 against Capital.com's 74.8.
What To Weigh
IG says: "All retail client funds are held in segregated bank accounts, in line with Bermuda Monetary Authority rules." No negative balance statement was found for the entity, so my concern is that your protection picture rests on segregation and the tiered margin system. Get that in writing before you rely on it. Platforms are MT4, MT5, ProRealTime, the IG Trading Platform, L2 Dealer, and TradingView, and the minimum deposit in our dataset is US$0.
Pros & cons
- Segregated funds under BMA rules
- Six platforms including TradingView
- No negative-balance statement found
- Margin rises through four tiers
14. FOREX.com
Maximum retail leverage
200:1
Entity
GAIN Global Markets Inc.
Regulator, licence
CIMA, 25033
Condition
0.5% EUR/USD margin (200:1 our arithmetic); MetaTrader may be higher
Why It Ranks Here
FOREX.com offers 200:1 maximum retail leverage on major pairs through GAIN Global Markets Inc., regulated by the Cayman Islands Monetary Authority under licence 25033. The broker states a 0.5% minimum margin on EUR/USD for its own platforms, so the 200:1 ratio is our arithmetic from that margin, and if you trade on MetaTrader, your margin requirement may be higher. We checked the entity against the CIMA quarterly licensee list dated June 30, 2025.
What To Weigh
FOREX.com says retail client money is "fully segregated", and warns that although its margin system is designed to limit losses, "you do risk incurring losses greater than your account balance, especially during periods of extreme market volatility". It publishes margin as a percentage, not a ratio, so you need to convert it before you fund the account. The minimum deposit in our dataset is US$100.
Pros & cons
- Fully segregated retail client money
- Four platforms including TradingView
- Losses can exceed account balance
- MetaTrader margin may be higher
15. ATC Brokers
Maximum retail leverage
200:1
Entity
ATC Brokers Limited
Regulator, licence
CIMA, 1448274
Condition
Cayman Islands division, one leverage setting
Why It Ranks Here
ATC Brokers offers 200:1 maximum retail leverage on major pairs through ATC Brokers Limited (Cayman Islands), regulated by the Cayman Islands Monetary Authority (CIMA) under licence 1448274, and the ratio is the division's single leverage setting, so you have no tiers to track. It holds the last place in the ranking on our published rating of 43.7, the lowest score among the 15 brokers listed, although the ratio itself ties the three brokers above it. We checked the entity on the CIMA quarterly licensee list dated June 30, 2025.
What To Weigh
ATC Brokers' Cayman terms say its platforms have safeguards against a negative balance under normal market conditions, but "those safeguards may fail making it possible to incur a negative balance while trading", and client money is segregated from the firm's own money. Read that clause before you deposit, because it decides what you might owe. The minimum deposit in our dataset is US$2,000, the highest on this page, and trading runs on MetaTrader 4 and MT Pro.
Pros & cons
- Client money segregated from firm funds
- Single, simple leverage setting
- Negative balance possible if safeguards fail
- US$2,000 minimum deposit in our dataset
What is the regulation for leverage?
The regulator of the entity that holds your account sets the ceiling on the leverage you can get, and every ratio on this page exists because our ranking follows the entity, not the brand. Before you fund anything, check which entity your application lands with. The caps confirmed from the regulators’ own documents read on September 28, 2026 stop at 50:1: the Commodity Futures Trading Commission and National Futures Association allow 50:1 on major pairs, the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC) allow 30:1, and the Monetary Authority of Singapore allows 20:1 on retail forex.
The table below shows the retail limit or margin each regulator sets on forex, and we read each figure from the regulator’s own document on September 28, 2026.
| Regulator | Where | Major currency pairs | Other currency pairs | Source, read September 28, 2026 |
|---|---|---|---|---|
| Financial Conduct Authority (FCA) | United Kingdom | 30:1 | 20:1 | FCA Handbook COBS 22.5.11R |
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | 30:1 | 20:1 | CySEC Policy Statement PS-04-2019 |
| Australian Securities and Investments Commission (ASIC) | Australia | 30:1 | 20:1 | ASIC Instrument 2020/986, in force to May 23, 2027 |
| Monetary Authority of Singapore (MAS) | Singapore | 20:1 | 20:1 | SFA regulations, Fourth Schedule, Table 18, customers who are not accredited, expert or institutional investors |
| Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) | United States | 50:1 | 20:1 | 17 CFR 5.9; NFA Financial Requirements Section 12 |
| Canadian Investment Regulatory Organization (CIRO) | Canada | No pair cap. Minimum margin by currency: 2% (50:1) on US dollars in a Canadian-dollar account and on Canadian dollars in a US-dollar account; 3% (about 33:1) on the euro, yen, pound, Swiss franc, Australian and New Zealand dollars, Mexican peso, Norwegian krone and Swedish krona | 10% (10:1) on the Hong Kong dollar, Saudi riyal and Singapore dollar; 25% (4:1) on all other currencies | CIRO Bulletin 25-0232, effective August 13, 2025; IDPC Rules 5460, 5462 and 5468 |
| Dubai Financial Services Authority (DFSA) | Dubai International Financial Centre, UAE | 3.3% margin (about 30:1) | 5% margin (20:1) | DFSA Rulebook COB 6.16.6, retail clients |
| Securities Commission Malaysia (SC) | Malaysia | No retail forex CFDs: CFDs for sophisticated investors only, and currencies are not an allowed underlying | No retail forex CFDs | SC Guidelines on Contracts for Difference, SC-GL/3-2018 (R3-2024), paragraphs 3.01 and 4.02 |
If you are in the United States, retail forex counterparties must be one of the entity types the Commodity Exchange Act lists (the Commodity Exchange Act, 7 U.S.C. 2(c)(2)(B), read September 28, 2026). In the CFTC regime that means a registered futures commission merchant or retail foreign exchange dealer that is a National Futures Association member, and none of the 15 ranked entities is one of these. I would not treat any entity on this page as an option for you. Our United States page lists the CFTC-registered dealers you can use instead.
The Canadian Investment Regulatory Organization (CIRO) sets minimum margin by currency rather than one cap for a pair, under rules 5460, 5462 and 5468, so a US-dollar position in a Canadian-dollar account needs 2% margin (50:1) while a euro, yen or pound position needs 3% (about 33:1), and other currencies need 10% or 25% under Bulletin 25-0232, effective August 13, 2025, read September 28, 2026. Your margin follows the currencies in your position, so two positions of the same size can need different margin. CIRO’s rules also raise a currency’s rate with a surcharge when its volatility passes a threshold (Rule 5462(2)), so your margin can rise after you open the position. In the Dubai International Financial Centre, the Dubai Financial Services Authority (DFSA) Rulebook COB 6.16.6, read September 28, 2026, requires retail clients to post margin of at least 3.3% on a major currency pair (about 30:1) and more on other assets.
Malaysia has no retail forex leverage cap to print, because the Securities Commission Malaysia’s Guidelines on Contracts for Difference, SC-GL/3-2018 (R3-2024), read September 28, 2026, allow CFDs only for sophisticated investors (paragraph 4.02) and only on shares, REIT units, ETF units, commodity derivatives and indices (paragraph 3.01), so currencies cannot be the underlying. New Zealand’s Financial Markets Authority sets no leverage limit in its “Standard Conditions for derivatives issuer licences” (April 2024 edition, read on September 28, 2026). In June 2024 the FMA consulted on limits from 30:1 on major currency pairs down to 2:1 on crypto, and those limits are not in the standard conditions. The onshore UAE Capital Market Authority and the regulators of the 15 ranked entities (most of them offshore, plus the Capital Markets Authority of Kenya) are not in the table because we have not confirmed a figure from their own documents. The next section covers what changes for a client treated as professional.
Can professional clients get higher leverage?
Yes, the margin rules above are written for retail clients. The Financial Conduct Authority (FCA) Handbook COBS 22.5.11R, CySEC Policy Statement PS-04-2019, ASIC Instrument 2020/986 section 7(2) and DFSA Rulebook COB 6.16.6, each read September 28, 2026, set their 3.33% or 3.3% margin minimums on major pairs for retail clients. The Monetary Authority of Singapore (MAS) sets two margin levels by investor type: SFA regulations, Fourth Schedule, Table 18, read September 28, 2026, requires 5% minimum margin on forex (20:1) for a customer who is not an accredited, expert or institutional investor, and 2% (50:1) for accredited, expert and institutional investors. What leverage a broker then offers a professional client is the broker’s own figure, and this page records none.
The elective professional client test comes from FCA Handbook COBS 3.5.3R and the same two-of-three test sits in MiFID II (Directive 2014/65/EU), Annex II, section II.1, both read September 28, 2026. The firm must assess your expertise, experience and knowledge and have reasonable assurance you can make your own investment decisions and understand the risks, and at least two of these three must be met: transactions in significant size at an average frequency of 10 per quarter over the previous four quarters, a portfolio including cash deposits and financial instruments exceeding EUR 500,000, or at least one year in a professional financial-sector position that requires knowledge of the transactions envisaged. You must state in writing that you wish to be treated as a professional client, the firm must give you a clear written warning of the protections and investor compensation rights you may lose, and you must confirm in writing, in a separate document from the contract, that you are aware of the consequences of losing those protections. You ask for it in writing and you give up the retail protections, including the margin close-out. The next section explains what leverage is.
What Is Leverage In Forex Trading?
Leverage in forex trading is where you borrow capital to gain a larger exposure to the FX market. With a limited amount of capital, you can control a larger trade size, leading to bigger profits or losses as your trades are based on the full value of the position.
Make sure you’re aware of the risks of trading with leverage and don’t risk more than you can afford to lose.
What are the advantages of high leverage?
A higher ratio ties up less of your balance as margin for the same position. A position worth US$100,000 needs US$3,333.33 in margin at 30:1, US$200 at 500:1 and US$20 at 5000:1, so the rest of your balance stays free. What the ratio does not change is the profit or loss on a given position: a 1% move on a US$100,000 position is US$1,000 whether you hold it at 30:1 or at 500:1. What the ratio does change is how small an adverse price move needs to be to use up the whole margin, 0.2% at 500:1 and 0.02% at 5000:1, and the risks section that follows covers that.
What are the risks of high leverage?
Work through the margin arithmetic and you’ll see why leverage cuts both ways. Say your position is worth US$100,000: you tie up US$3,333.33 of margin at 30:1, but only US$20 at 5000:1. At 5000:1, a 0.02% price move against the position equals the whole margin, and at 500:1 that move is 0.2%. The higher the ratio, the smaller the adverse move that wipes out the money you put up.
I would size the position from the money you could accept losing, never from the ratio the broker advertises. Set a stop loss on every trade, because at these ratios waiting for a reversal is what empties your account: a guaranteed stop loss, where a broker offers one, caps your loss at the level you set. Before you fund the account, also check negative balance protection, because the protections on this page differ sharply: Plus500 says for Plus500SEY that customers “cannot lose more than the funds they have on their account”, while OANDA Global Markets’ terms say all negative balances are payable.
What is a margin call and a stop-out?
A margin call is the broker’s warning that your account equity has fallen toward the margin your open positions need, and a stop-out is the level at which the broker starts closing your positions. For retail clients, the FCA, CySEC, ASIC and the DFSA fix the close-out at 50% of margin: FCA Handbook COBS 22.5.13R requires a firm to ensure a retail client’s net equity does not fall below 50% of the margin required to maintain open positions, and CySEC PS-04-2019, ASIC Instrument 2020/986 section 7(4)(a) and DFSA Rulebook COB 6.16.7 set the same 50% close-out, each read September 28, 2026. That is the floor the rules impose on brokers under those regulators.
None of the 15 ranked entities is regulated by the FCA, CySEC, ASIC or the DFSA, so the 50% close-out is not what sets their stop-out, and this page lists no margin call or stop-out level for any of them. FXTM and Plus500 describe what happens at a stop-out or margin call in their own documents: FXTM’s Terms of Business (November 2023) say “If a Stop Out has resulted in a negative Balance on your Trading Account, general negative balance protection rules found in the Client Agreement will apply”, and Plus500 says for Plus500SEY that its Margin Call feature “exists in order to prevent your account from having a negative balance”, both read September 28, 2026. The arithmetic explains why the levels matter: at 500:1, a 0.2% price move against your position equals the whole margin. Before you fund an account, find the margin call and stop-out levels in that entity’s client agreement. The next section covers demo accounts.
Demo Accounts And High Leverage
A forex demo account is a practice account funded with virtual money on a broker’s live platform, and four brokers ranked on this page have demos our forex demo accounts page documents. Pepperstone’s demo gives you US$50,000 in virtual cash on MT4, MT5, cTrader and TradingView, with MT4 and MT5 demos lasting 60 days and cTrader and TradingView demos not expiring. Fintrix Markets gives US$100,000 in virtual money on MT4, MT5 and its WebTrader, and OANDA offers a demo on any of its platforms including MT4, TradingView and its own. BlackBull Markets offers demos on MT4, MT5, cTrader, TradingView, BlackBull CopyTrader and BlackBull Invest. Two cautions apply before you trust a demo’s numbers: our Fintrix Markets review notes that demo execution rarely reflects live execution in volatile markets, because a demo fill is simulated, and sizing decisions made on a large virtual balance can mislead you if your real account starts much smaller. Our reviews do not record the leverage each broker’s demo account carries, so check that the demo’s ratio matches the entity you would fund. The next section explains how this page ranks brokers.
How We Rank Brokers On This Page
CompareForexBrokers ranks high leverage forex brokers by the maximum retail leverage each broker’s regulated entity states on major pairs, with the entity, the regulator and a register check beside every ratio, read September 28, 2026. A broker is listed only if its best verified retail ratio is above 50:1, and entities that hold no financial services licence are excluded, so every ratio you see is tied to a licensed entity. Where two brokers state the same ratio, the higher published rating ranks first, which is why ThinkMarkets sits above FXTM at 5000:1 and Pepperstone, with the highest rating on the page, still ranks tenth at 400:1. Read the list top to bottom and you get the highest ratios first.
We left several brokers out for specific reasons. A ratio that cannot be tied to a licensed entity cannot be checked. Axi, FXCM and OX Securities offer 1000:1 or 500:1 only through St Vincent and the Grenadines companies that hold no financial services licence, and Axi’s and FXCM’s regulated entities state 30:1. TabTrade states 1000:1, but its site names both its FSC Mauritius entity and an unlicensed Saint Lucia company, and no page says which one offers that ratio, so the ratio is unverified. HFM, TMGM and Blueberry Markets fail the same one-entity rule: HFM ties 2000:1 to different companies on different websites and its main site names an unlicensed St Vincent and the Grenadines company. TMGM names four regulated companies and sets the entity at application, and Blueberry Markets names two operating companies and does not say which offers 500:1. MultiBank Group’s 1000:1 could be tied to its Cayman entity only indirectly. Hantec Markets’ 500:1 headline conflicts with its own 1.00% EUR/USD margin, which is 100:1. Hankotrade, Hugosway and Tradersway name no regulator at all.
We rank Highest Leverage Forex Brokers against every other broker we score on best forex brokers.
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About the author
Justin Grossbard is the Co-Founder and CEO of CompareForexBrokers, which he established with Noam Korbl in 2014. He has over 20 years of professional experience in online marketing and holds a Master's in Marketing from Monash University.
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