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.