75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website you agree to our Terms of Service.

AuthorAuthor: Chris Cammack
Updated: Feb 1, 2023
Last Updated On Feb 1, 2023
Chris Cammack

High leverage enables traders to place large trades with little capital. But, while higher leverage gives traders greater buying power, it also significantly increases risks. Beware of margin calls with high-leverage trading, as poor money management will force the broker to automatically close your trade due to a lack of funds to cover potential losses. Beginner traders should avoid using high leverage unless they employ a high-risk strategy.

While many international brokers can only offer traders a maximum of 30:1 leverage due to regulatory restrictions, offshore brokers can offer greater leverage to Nigerian clients.

The data to create this list is directly from the broker websites and was last updated in May 2023.

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Broker
Overall Rating
Visit Broker
Max. Leverage (Forex)
Min. Deposit
EUR/USD - Standard Spread
Trading Cost - Standard Account
Trust Score
International Regulators
Platforms
Trading Desk
Compare
FBS
4.23 /5
Read Review
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76% of retail CFD accounts lose money
3000:1
USD 1
0.80 pips
USD 7
111104/ 5
FSC
STP
ECN/DMA
FXTM
4.27 /5
Read Review
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81% of retail CFD accounts lose money
2000:1
USD 10
1.50 pips
USD 15
111104/ 5
FSC
CMA
ECN/DMA
Market Maker
RoboForex
3.21 /5
Read Review
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0.5842 of retail CFD accounts lose money
2000:1
USD 10
0.00 pips
USD 4
000000/ 5
FSC
Market Maker
HFM (HotForex)
4.43 /5
Read Review
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72.90% of retail CFD accounts lose money
1000:1
USD 0
1.00 pips
USD 10
111104/ 5
DFSA
FSC
FSA-Seychelles
STP
FXPRIMUS
4.11 /5
Read Review
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64.54% of retail CFD accounts lose money
1000:1
USD 15
1.50 pips
USD 15
1110.503.5/ 5
VFSC
Market Maker
Infinox
3.93 /5
Read Review
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83.14% of retail CFD accounts lose money
1000:1
GBP 1
0 pips
USD 8
111104/ 5
SCB
FSC
STP
ECN/DMA
IronFX
3.54 /5
Read Review
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75.35% of retail CFD accounts lose money
1000:1
USD 50
2.20 pips
USD 22
11110.54.5/ 5
Market Maker
ECN/DMA
NordFX
3.53 /5
Read Review
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66.67% of retail CFD accounts lose money
1000:1
USD 10
2.00 pips
USD 20
1110.503.5/ 5
VFSC
ECN/DMA
FIBO Group
3.50 /5
Read Review
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58% of retail CFD accounts lose money
1000:1
USD 0
0.60 pips
USD 6
1110.503.5/ 5
BaFin
Fi
B.V.I FSC
FSC
Market Maker NDD
ECN/DMA
Tradersway
2.85 /5
Read Review
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of retail CFD accounts lose money
1000:1
USD 5
0.50 pips
USD 5
000000/ 5
None
ECN/DMA
IQ Option
2.68 /5
Read Review
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85% of retail CFD accounts lose money
1000:1
USD 10
0.80 pips
USD 8
000000/ 5
None
IQ option
Market Maker
Weltrade
2.67 /5
Read Review
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of retail CFD accounts lose money
1000:1
USD 25
1.50 pips
USD 15
100001/ 5
FSA-St-Vincent
STP
XM
4.35 /5
Read Review
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77.37% of retail CFD accounts lose money
888:1
USD 5
0.70 pips
USD 7
111104/ 5
DFSA
FSC
Market Maker
Oanda
4.25 /5
Read Review
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73.5% of retail CFD accounts lose money
800:1
USD 0
1.00 pips
USD 10
111115/ 5
MAS
IIROC
B.V.I FSC
FSA-Seychelles
STP
Axiory
3.99 /5
Read Review
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N/A of retail CFD accounts lose money
777:1
USD 10
0.20 pips
USD 8
111003/ 5
FSC
FSC
Market Maker
Tickmill
4.48 /5
Read Review
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75% of retail CFD accounts lose money
500:1
USD 100
0.00 pips
USD 4
111104/ 5
LFSA
FSA-Seychelles
STP
IC Markets
4.36 /5
Read Review
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77% of retail CFD accounts lose money
500:1
USD 200
0.10 pips
USD 8
111104/ 5
FSA-Seychelles
SCB
ECN/DMA
Vantage FX
4.35 /5
Read Review
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of retail CFD accounts lose money
500:1
USD 50
0.00 pips
USD 6
11110.54.5/ 5
CIMA
VFSC
ProTrader
ECN/DMA
STP
Axi
4.34 /5
Read Review
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75.6% of retail CFD accounts lose money
500:1
USD 0
1.00 pips
USD 10
11110.54.5/ 5
FMA
DFSA
FSA-St-Vincent
ECN/DMA
FP Markets
4.30 /5
Read Review
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79% of retail CFD accounts lose money
500:1
AUD 100
0.10 pips
USD 7
111104/ 5
IRESS
ECN/DMA
XTB
4.29 /5
Read Review
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82% of retail CFD accounts lose money
500:1
USD 0
0.70 pips
USD 7
111104/ 5
DFSA
FSC
KNF
xStation5
Market Maker NDD
BlackBull Markets
4.28 /5
Read Review
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N/A of retail CFD accounts lose money
500:1
USD 200
1.20 pips
USD 12
1110.503.5/ 5
FMA
FSA-Seychelles
WebTrader
ECN/DMA
OctaFX
4.27 /5
Read Review
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of retail CFD accounts lose money
500:1
USD 25
0.60 pips
USD 6
1110.503.5/ 5
FSA-St-Vincent
ECN/DMA
Valutrades
4.25 /5
Read Review
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62% of retail CFD accounts lose money
500:1
USD 5
0.10 pips
USD 7
111104/ 5
FSA-Seychelles
ECN/DMA
Admiral Markets
4.18 /5
Read Review
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76% of retail CFD accounts lose money
500:1
USD 25
0.80 pips
USD 8
11110.54.5/ 5
JSE
MT Supreme
STP
ThinkMarkets
4.18 /5
Read Review
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71.89% of retail CFD accounts lose money
500:1
USD 0
1.20 pips
USD 12
11110.54.5/ 5
FSA-Seychelles
FSA-Japan
ThinkTrader
ECN/DMA
STP
Fondex
4.14 /5
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83.57% of retail CFD accounts lose money
500:1
USD 1
0.28 pips
USD 7.80
1110.503.5/ 5
Fi
BaFin
FSA-Seychelles
ECN/DMA
Eightcap
4.13 /5
Read Review
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N/A of retail CFD accounts lose money
500:1
AUD 100
0.00 pips
USD 7
111104/ 5
FSA-St-Vincent
SCB
Market Maker NDD
ACY Securities
4.08 /5
Read Review
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N/A of retail CFD accounts lose money
500:1
USD 50
1.00 pips
USD 10
111104/ 5
VFSC
ECN/DMA
Skilling
4.07 /5
Read Review
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69% of retail CFD accounts lose money
500:1
USD 100
0.80 pips
USD 8
111104/ 5
Fi
FSA-Seychelles
Skilling Trader
NDD

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