Best brokers for margin trading

What each of the top ten is good at

One line each, expanded into a full profile further down.

1. ACY Securities - High leverage internationally. Competitive costs. MT4 and MT5.
2. InstaForex - 1:5000 leverage. $1 minimum deposit. Broad leveraged market range.
3. FXTM - Floating leverage to 1:5000. Multiple account structures. MT4 and MT5.
4. Alpari - Flexible leveraged conditions. Low entry. MetaTrader platforms.
5. Scope Markets - 1:3000 leverage. Low minimum deposit. Broad CFD coverage.
6. IUX - 1:3000 leverage. Competitive Raw and Standard accounts. Clear margin rules.
7. FBS - 1:3000 leverage. $5 minimum deposit. Flexible margin requirements.
8. IronFX - High leverage through eligible entities. Multiple account structures. MT4.
9. BDSwiss - Leveraged forex and CFDs. Multiple account options. Established brand.
10. RoboForex - High-leverage trading. Multiple platforms and accounts. Low entry.

What this list is ranking, and who is missing from it

This page orders brokers by the maximum leverage they advertise. That is a genuinely useful thing to sort on if high leverage is what you came for, and it is not a quality ranking - the brokers here score lower for regulation than any other list in this section.

It is also an incomplete list, and you should know why. Our records store one leverage figure per broker, and for some that figure is the retail cap their regulator imposes while for others it is the maximum available through an international entity. Thirty-seven brokers are therefore absent from this page because their record shows a retail number - among them IC Markets, AvaTrade, XM, FxPro, Plus500, Admirals, eToro and IG, several of which offer 1:500 or more to international clients.

The first row shows the problem plainly. ACY Securities is recorded as "1:30 Australian retail, up to 1:5000 international" - the only broker whose entry carries both figures - and it tops this list on the second number while its Australian clients trade under the first.

So use the page for what it can do: it names brokers that will offer very high leverage, and it explains what that actually means for an account. If you want high leverage from a large, well-regulated broker, check the international entity terms of the firms listed above rather than assuming they are not an option.

How margin actually works

Margin is the slice of your equity set aside to support a leveraged position. It is not a loan you pay interest on, which is the main way forex and CFD margin differs from a conventional stock margin account: there is no borrowed cash and no annual margin rate, just capital reserved while the position is open.

The arithmetic is simple. Required margin equals position value divided by leverage. What follows from it is less obvious, and it is where accounts are lost.

Margin required on a $10,000 position

Read the bottom row and then read it again. At 1:5000, two dollars of margin supports ten thousand dollars of exposure - and a 0.02% move against you wipes out that margin exactly.

The exposure is what determines your profit and loss, not the margin. A $10,000 position loses $100 on a 1% adverse move whether it was opened with $333 or with $2. All the leverage changed was how much of your account was reserved, and therefore how many such positions you could open at once.

Equity, free margin and margin level

Three numbers govern whether your positions survive, and every trading platform shows all three.

Equity is your balance plus the unrealised profit or loss on open positions. Used margin is what is currently reserved against them. Free margin is equity minus used margin - the buffer available to absorb further losses.

Margin level is the ratio that matters: equity divided by used margin, times 100. With $1,000 of equity and $200 of used margin it is 500%. Lose $800 and it falls to 100%. Lose more and the broker starts intervening.

Worth sitting with: at 500% margin level you feel comfortable, and you are four hundred dollars of adverse movement away from the broker restricting your account. High leverage does not change that arithmetic - it changes how quickly you get there, because it let you open a larger position in the first place.

Margin calls and stop-outs

When margin level falls to the broker's margin-call threshold, you will typically get a warning, be blocked from opening new positions, and be asked to deposit or reduce. The days of a phone call are long gone; it is an automated state your account enters.

If it keeps falling to the stop-out level, the broker starts closing your positions for you - usually the largest loser first - until margin level recovers or there is nothing left to close.

A stop-out is not a risk-management tool and should not be treated as one. By the time it triggers, most of the equity supporting those positions has already gone. It is the broker protecting itself, and you are the last person it protects.

Margin call and stop-out levels

Researched for this page - our broker records hold leverage but not margin-call and stop-out thresholds. These change, and differ between entities and account types, so confirm against your own account's specification.

Margin call and stop-out levels

Broker	Margin call	Stop out	Notes
ACY Securities7.8	Account dependent	Account dependent	Check the entity and account specification
InstaForex7.5	Account conditions apply	10%	The lowest stop-out here - more room, and more to lose
FXTM8.3	Account dependent	Account dependent	Account-specific margin requirements
Alpari7.4	Trading conditions apply	Account dependent	New positions restricted below the required level
Scope Markets6.9	Account conditions apply	20%	Current global account specification
IUX6.8	40%	20%	Published for Standard, Pro and Raw
FBS6.1	40%	20%	Current published trading conditions
IronFX7.8	Account conditions apply	20%	Closes the most unprofitable position first
BDSwiss6.7	Entity dependent	Entity dependent	Check the account specification
RoboForex6.6	Account dependent	Account dependent	Varies with account structure

The published thresholds cluster at a 40% margin call and a 20% stop-out, which has become the retail standard. InstaForex is the outlier at 10%, and it cuts both ways: positions get considerably more room before forced liquidation, and considerably more of your equity can be gone by the time it happens.

Several brokers here do not publish a single figure at all because it varies by account. That is not evasive, but it does mean the number is in your account documentation rather than on a comparison page, and it is worth finding before you need it.

Floating leverage, and why the headline rarely applies

Several brokers here do not apply one leverage ratio to everything. Under floating or dynamic leverage the ratio falls as your total exposure grows, so the advertised maximum applies only to the smallest tier of position.

FXTM works this way: its highest leverage covers modest notional exposure, and progressively larger positions require progressively more margin. FBS scales its maximum by account equity, with accounts under $200 reaching the top tier.

The effect is that 1:3000 and 1:5000 are real numbers for a small position and not available at all for a large one. Which is a sensible piece of risk management by the broker, and also means the headline figure this page sorts on describes a corner of the offering rather than the whole of it.

The same applies across instruments. A broker advertising 1:3000 on major forex will offer far less on shares, and less again on crypto - often 1:2. Check the instrument, not the homepage.

Does more leverage make trading cheaper?

No. It changes the capital required, not the cost of the trade.

The same $10,000 EUR/USD position costs the same in spread and commission whether it was opened at 1:100 with $100 of margin or at 1:1000 with $10. What changed is how much of your account is free - and, in practice, how large a position you talked yourself into.

What does vary between these brokers is the actual trading cost, and it varies a lot. Alpari is the cheapest here at about 0.35 pips all in on EUR/USD; IronFX the dearest at about 1.8. That is a five-fold difference between two brokers on the same page, and it will cost a frequent trader far more over a year than any difference in margin requirement.

What a trade actually costs

What a trade actually costs

Broker	Spread from	Commission	All-in EUR/USD	Spread type	Overnight financing
ACY Securities7.8	0.0 pips	US$3 per side / US$6 round turn, ProZero	Approx. 0.7 pips	Variable	Both: overnight swaps charged/credited; swap-free Standard account available
InstaForex7.5	0.0 pips	From $0.50 per trade, Insta.Raw/Insta.Zero	Approx. 0.6 pips, Standard	Variable, account-dependent	Both: positive and negative swaps apply; swap-free accounts available
FXTM8.3	0.0 pips	$3.50 per side / $7 round turn, Advantage	Approx. 0.8 pips	Variable	Both: swaps charged/credited; swap-free accounts available
Alpari7.4	0.0 pips	$2.50 per lot traded, Pro ECN FX	Approx. 0.35 pips	Variable	Both: overnight swaps may be charged or credited
Scope Markets6.9	0.0 pips	$0 on standard forex pricing	Approx. 1.0 pip	Variable	Both: overnight swaps may be charged or credited
IUX6.8	0.0 pips	$7 round turn, Raw; $0 on Standard and Pro	Not on record	Variable	Swap-free available across all account types
FBS6.1	0.7 pips	$0 on standard current offering	Approx. 1.1 pips typical	Floating	Both: swaps may be charged or credited
IronFX7.8	0.0 pips	Approx. $9 per side / $18 round turn, Raw ECN	Approx. 1.8 pips, Raw ECN	Fixed and variable, account-dependent	Both: overnight swaps may be charged or credited; swap-free accounts available
BDSwiss6.7	0.0 pips	Approx. $3 per side / $6 round turn, Zero	Approx. 0.9 pips	Variable	Both: overnight swaps apply; swap-free option available
RoboForex6.6	0.0 pips	Approx. $4 round turn ECN; approx. $2 round turn Prime	Approx. 0.6 pips, ECN	Variable	Both: overnight swaps may be charged or credited; Swap-Free available

From our broker records. Figures describe forex; margin requirements do not affect these costs.

The part that matters more than the leverage

Leverage amplifies the market. It also amplifies everything about the broker holding your money, which is why this section is not an afterthought on a page like this.

Two brokers here have no negative balance protection on our record: InstaForex and Scope Markets. That means a gap through your stop - the exact event high leverage makes likely - can leave the account below zero and you owing the difference. InstaForex also advertises the joint-highest leverage on this page and a $1 minimum deposit, which is a combination worth thinking about carefully rather than quickly.

The regulatory picture is thinner here than on any other list in this section. FBS and RoboForex score 69 for regulation on our table, Alpari 72 - it operates under a Comoros licence - and InstaForex, IUX and BDSwiss 77. Against that, ACY Securities scores 92 with an ASIC licence and FXTM 90.

None of this makes these brokers unusable. It makes the trade explicit: the firms most willing to give you 1:3000 are generally the firms furthest from a regulator who would stop them.

Trust metrics

Trust metrics

Broker	Regulators	Founded	Client money segregated	Negative balance protection	Compensation scheme
ACY Securities7.8	ASICFSCA (South Africa)	2011	Yes	Yes	No statutory investor compensation scheme
InstaForex7.5	FSC (BVI)	2007	Yes	No	No statutory investor compensation scheme
FXTM8.3	FSC (Mauritius)FSCA (South Africa)CMA (Kenya)	2011	Yes	Yes	No statutory investor compensation scheme
Alpari7.4	MISA (Comoros)	1998	Yes	Yes	No statutory investor compensation scheme
Scope Markets6.9	FSC (Belize)FSC (Mauritius)CMA (Kenya)	2014	Yes	No	No statutory investor compensation scheme for Belize clients
IUX6.8	FSC (Mauritius)FSCA (South Africa)	2016	Yes	Yes	No FSCS-style statutory compensation scheme for primary international clients
FBS6.1	FSC (Belize)	2009	Yes	Yes	None
IronFX7.8	ASICFSC (BVI)FSCA (South Africa)	2010	Yes	Yes	No statutory investor compensation scheme for BVI clients
BDSwiss6.7	FSA (Seychelles)FSC (Mauritius)	2012	Yes	Yes	No statutory investor compensation scheme
RoboForex6.6	FSC (Belize)	2009	Yes	Yes	Financial Commission Compensation Fund, up to €20,000 per eligible complaint

From our broker records. Negative balance protection and compensation schemes depend on the entity you are onboarded to and your client classification.

Non-trading fees

Non-trading fees

Broker	Inactivity fee	Currency conversion	Min. withdrawal	Withdrawal time
ACY Securities7.8	Not on record	Currency conversion applies where transaction and account currencies differ	$50	Instant crypto withdrawals available; other methods typically processed within 24 hours with provider settlement times thereafter
InstaForex7.5	$10/month after 3 consecutive months inactivity	Conversion at InstaForex applicable exchange rate	$1 equivalent	Bank wire 2-4 business days; Visa/Mastercard 2-6 banking days; electronic methods vary
FXTM8.3	$10/€10/£10 per month after 3 months inactivity	Conversion at applicable exchange rate/charges	$5	Typically processed within 24 hours; arrival depends on payment method
Alpari7.4	$5/month after 6 months inactivity	Conversion at applicable exchange rate	$1 equivalent	Electronic methods generally within 24 hours; bank transfers typically 1-5 business days
Scope Markets6.9	$10/month after 6 months inactivity	No conversion fee for specified major currencies; up to 3% spread for applicable exotic currency conversion	$50 / €50 / £50	Generally 1-2 business days processing; cards/wires can take 3-5 business days
IUX6.8	Not on record	Applicable where required	$10	Not on record
FBS6.1	No standard inactivity fee prominently advertised	Method/account dependent	Not on record	Instant automated withdrawals available on supported methods
IronFX7.8	$50 annually after 1 year inactivity	Conversion at applicable exchange rate	$10	Typically processed within 24 hours; bank settlement may take several business days
BDSwiss6.7	10% of account balance per month after 90 days inactivity, minimum €25 and maximum €49.90	Currency conversion at applicable exchange rate	$2 equivalent for most methods; higher minimums apply to bank wire	Usually processed same day or next business day; arrival depends on payment method
RoboForex6.6	Not on record	Conversion at RoboForex internal exchange rate	$1 equivalent on selected methods	93.2% processed within 1 minute; settlement depends on payment method

From our broker records. Banks, card issuers and payment providers can charge on top of anything the broker does or does not charge.

The top 10, one by one

#1

ACY Securities

7.8/10

Recommended for traders who want high international leverage from an ASIC-licensed group.

Overall rating

7.8 / 10

Regulation rating

9.2 / 10

Minimum deposit

$50

Minimum trade

0.01 lots

Spread from

0.0 pips

Commission

US$3 per side / US$6 round turn, ProZero

All-in cost, EUR/USD

Approx. 0.7 pips

Maximum leverage

1:5000

Platforms

ACY Trading Platform, MetaTrader 4, MetaTrader 5

Demo account

Yes

Copy trading

Yes

Support

24/5

Founded

2011

Regulation

ASICFSCA (South Africa)

ACY Securities tops this list on a figure that needs unpacking: its record reads 1:30 for Australian retail clients and up to 1:5000 internationally. It is the only broker here whose entry carries both numbers, and which one applies to you depends entirely on the entity you are onboarded to.

It is also the best-regulated broker on this page, scoring 92, with an ASIC licence alongside South African and Saint Vincent entities. Negative balance protection applies to Australian retail clients.

The pricing is genuinely good: 0.0 pips with $3 per side on its ProZero account, about 0.7 pips all in, across 2,200+ instruments on MetaTrader 4 and 5 and its own platform. The account opens from $50.

Founded in Sydney in 2011. If you can be onboarded to the Australian entity you get the protection and the 1:30 cap; if you cannot, you get the leverage and a Saint Vincent counterparty. Those are different products with the same name.

Open an account with ACY SecuritiesRead our full ACY Securities review

#2

InstaForex

7.5/10

Recommended for nobody who has not read the paragraph about negative balance protection.

Overall rating

7.5 / 10

Regulation rating

7.7 / 10

Minimum deposit

$1

Minimum trade

0.01 lots

Spread from

0.0 pips

Commission

From $0.50 per trade, Insta.Raw/Insta.Zero

All-in cost, EUR/USD

Approx. 0.6 pips, Standard

Maximum leverage

1:5000

Platforms

MetaTrader 4, MetaTrader 5, WebTrader, InstaForex mobile apps

Demo account

Yes

Copy trading

Yes, ForexCopy and PAMM

Support

24/7

Founded

2007

Regulation

FSC (BVI)

InstaForex advertises 1:5000 flat - not floating, not tiered - and opens an account for $1. It has 110 currency pairs, MetaTrader 4 and 5, and micro positions from 0.01 lots.

It also has, on our record, no negative balance protection. That combination - the joint-highest leverage on this page, the lowest entry requirement anywhere on our table, and no floor under the account - is the single riskiest configuration in this section, and it deserves to be stated rather than implied.

Its 10% stop-out is the lowest here, which sounds generous and is double-edged: positions get more room before forced liquidation, and 90% of the equity supporting them can be gone by the time it happens.

Regulated by the BVI Financial Services Commission alone, scoring 77. Trading costs are competitive at about 0.6 pips all in on its Standard account.

Open an account with InstaForexRead our full InstaForex review

#3

FXTM

8.3/10

Recommended for traders who want high leverage with a regulator worth naming.

Overall rating

8.3 / 10

Regulation rating

9.0 / 10

Minimum deposit

$30

Minimum trade

0.01 lots

Spread from

0.0 pips

Commission

$3.50 per side / $7 round turn, Advantage

All-in cost, EUR/USD

Approx. 0.8 pips

Maximum leverage

1:3000

Platforms

MetaTrader 4, MetaTrader 5, FXTM App

Demo account

Yes

Copy trading

Yes, FXTM Invest

Support

Monday-Friday 03:00-20:00 UTC; Saturday-Sunday 07:00-11:00 UTC

Founded

2011

Regulation

FSC (Mauritius)FSCA (South Africa)CMA (Kenya)

FXTM has the most thought-through leverage structure on this page. Its Rewards and Rewards Plus accounts reach 1:5000, Advantage 1:3000 and Micro 1:1000 - and all of it is floating, so the ratio falls as your exposure grows.

That is the important detail. The headline applies to the smallest tier of position; scale up and the margin requirement scales with you. It makes the advertised maximum far more useful for a small account than a large one, which is arguably the right way round.

It scores 90 for regulation, second-best on this page, with Mauritius FSC, South African FSCA and Kenyan CMA licences, and negative balance protection applies. The account opens from $30.

Costs are mid-table at about 0.8 pips all in on the Advantage account, and execution is around 82 milliseconds - the slowest measured figure among brokers we have data for, which matters if you are trading leveraged positions around news.

Open an account with FXTMRead our full FXTM review

#4

Alpari

7.4/10

Recommended for cost-sensitive traders who have checked which entity they will be onboarded to.

Overall rating

7.4 / 10

Regulation rating

7.2 / 10

Minimum deposit

$50

Minimum trade

0.01 lots

Spread from

0.0 pips

Commission

$2.50 per lot traded, Pro ECN FX

All-in cost, EUR/USD

Approx. 0.35 pips

Maximum leverage

1:3000

Platforms

MetaTrader 4, MetaTrader 5, Alpari Mobile

Demo account

Yes

Copy trading

Yes, PAMM

Support

24/5

Founded

1998

Regulation

MISA (Comoros)

Alpari is the cheapest broker on this page by a clear margin: about 0.35 pips all in on EUR/USD, on a $2.50 per lot commission through its Pro ECN account. Across everything we rate, only a handful of brokers price below that.

It advertises 1:3000, opens from $50, and runs MetaTrader 4 and 5 with its own mobile app across 750+ instruments.

The brand has been trading since 1998, which reads as reassuring until you look at the entity. Our record shows it regulated by the Mwali International Services Authority in the Comoros - which is why it scores 72 for regulation, among the lowest on this page.

Negative balance protection applies on our record. Its margin monitoring is automatic, with new positions blocked once margin level falls below the required threshold and stop-out following if it keeps falling.

Open an account with AlpariRead our full Alpari review

#5

Scope Markets

6.9/10

Recommended for traders who want 1:3000 across more than just forex.

Overall rating

6.9 / 10

Regulation rating

8.4 / 10

Minimum deposit

$50

Minimum trade

0.01 lots

Spread from

0.0 pips

Commission

$0 on standard forex pricing

All-in cost, EUR/USD

Approx. 1.0 pip

Maximum leverage

1:3000

Platforms

MetaTrader 5, IRESS

Demo account

Yes

Copy trading

Yes

Support

24/5

Founded

2014

Regulation

FSC (Belize)FSC (Mauritius)CMA (Kenya)

Scope Markets extends its 1:3000 beyond major forex to gold, major indices, spot energies and futures CFDs - broader application of a headline figure than most brokers here manage, where the maximum typically applies to currency pairs alone.

Shares and other instruments carry substantially lower limits, as everywhere. Its published stop-out is 20%.

It runs MetaTrader 5 and IRESS across 1,000+ instruments, opens from $50, and prices at about 1.0 pip all in on standard forex with no commission - the third-most expensive on this page.

The thing to weigh: our record shows no negative balance protection. Combined with 1:3000 across volatile instruments like spot energies, that is a combination to enter deliberately. It holds Belize, Mauritius and Kenyan licences and scores 84 for regulation.

Open an account with Scope MarketsRead our full Scope Markets review

#6

IUX

6.8/10

Recommended for traders who want published margin thresholds they can actually plan against.

Overall rating

6.8 / 10

Regulation rating

7.7 / 10

Minimum deposit

$50

Minimum trade

0.01 lots

Spread from

0.0 pips

Commission

$7 round turn, Raw; $0 on Standard and Pro

All-in cost, EUR/USD

Not on record

Maximum leverage

1:3000

Platforms

MetaTrader 5, IUX WebTerminal, IUX Trade App

Demo account

Yes

Copy trading

Not a major current feature

Support

24/7

Founded

2016

Regulation

FSC (Mauritius)FSCA (South Africa)

IUX publishes what most of this page does not: a 40% margin call and 20% stop-out, stated plainly and applying across its Standard, Pro and Raw accounts. On a leveraged account that transparency is worth more than a few tenths of a pip.

Its account structure is genuinely interesting too. The Raw account runs 0.0 pips with $7 round turn, while Standard and Pro are commission-free from 0.2 and 0.1 pips - unusually tight spread-only pricing, and worth comparing against its own raw account rather than assuming raw is cheaper.

It lists 120+ currency pairs, more than any other broker on this page, on MetaTrader 5 and its own web and mobile terminals. The Standard account opens from $50, Pro and Raw from $200.

It scores 77 for regulation on Mauritius and South African registrations, with negative balance protection on our record and leverage to 1:3000.

Open an account with IUXRead our full IUX review

#7

FBS

6.1/10

Recommended for very small accounts - which is also the reason to be careful.

Overall rating

6.1 / 10

Regulation rating

6.9 / 10

Minimum deposit

$5

Minimum trade

0.01 lots

Spread from

0.7 pips

Commission

$0 on standard current offering

All-in cost, EUR/USD

Approx. 1.1 pips typical

Maximum leverage

1:3000

Platforms

MetaTrader 4, MetaTrader 5, FBS App

Demo account

Yes

Copy trading

Not a core feature of the current global offering

Support

24/7

Founded

2009

Regulation

FSC (Belize)

FBS scales leverage by account equity: accounts under $200 reach up to 1:3000 under its published international conditions, and the maximum falls as equity grows. Combined with a $5 minimum deposit and 0.01-lot minimum volume, it is built for very small accounts.

That is worth pausing on. The highest leverage this broker offers is reserved for the accounts least able to absorb a loss, which is the opposite of how risk usually scales. It publishes a 40% margin call and 20% stop-out.

Its trading costs are among the higher here - spreads from 0.7 pips with no commission, about 1.1 pips all in typically.

It scores 69 for regulation, the joint-lowest on this page, operating under a Belize licence. Negative balance protection applies on our record, which given the leverage and the deposit sizes is the thing keeping the arrangement sane.

Open an account with FBSRead our full FBS review

#8

IronFX

7.8/10

Recommended for existing MetaTrader 4 users - after reading the commission line.

Overall rating

7.8 / 10

Regulation rating

8.8 / 10

Minimum deposit

$100

Minimum trade

0.01 lots

Spread from

0.0 pips

Commission

Approx. $9 per side / $18 round turn, Raw ECN

All-in cost, EUR/USD

Approx. 1.8 pips, Raw ECN

Maximum leverage

1:2000

Platforms

MetaTrader 4, MT4 WebTrader, IronFX mobile trading

Demo account

Yes

Copy trading

Yes, TradeCopier

Support

24/5

Founded

2010

Regulation

ASICFSC (BVI)FSCA (South Africa)

IronFX advertises up to 1:2000 across forex, metals, indices, commodities, shares and other CFDs, with a published 20% stop-out that closes the most unprofitable position first.

The number to check before the leverage is the cost. Its Raw ECN account charges roughly $9 per side - $18 the round turn - which works out at about 1.8 pips all in on EUR/USD. That is the most expensive raw pricing in any of these guides and five times what Alpari charges on this page.

It also charges $50 a year after twelve months of inactivity, the steepest dormancy fee we have come across.

On regulation it does better than most here at 88, holding ASIC and FSCA licences alongside its BVI entity, with negative balance protection on our record. Trading is almost entirely through MetaTrader 4.

Open an account with IronFXRead our full IronFX review

#9

BDSwiss

6.7/10

Recommended for traders who want multiple account types and will read the entity terms.

Overall rating

6.7 / 10

Regulation rating

7.7 / 10

Minimum deposit

$10

Minimum trade

0.01 lots

Spread from

0.0 pips

Commission

Approx. $3 per side / $6 round turn, Zero

All-in cost, EUR/USD

Approx. 0.9 pips

Maximum leverage

1:2000

Platforms

MetaTrader 4, MetaTrader 5, BDSwiss WebTrader, BDSwiss App

Demo account

Yes

Copy trading

Yes

Support

24/5

Founded

2012

Regulation

FSA (Seychelles)FSC (Mauritius)

BDSwiss offers up to 1:2000 across 1,000+ instruments on MetaTrader 4 and 5 plus its own web and mobile platforms, with the account opening from $10.

Its Zero account prices at roughly $3 per side, about 0.9 pips all in on EUR/USD - mid-table on this page.

Leverage and margin terms differ substantially between its entities, more so than at most brokers here, which makes the entity you are onboarded to the first thing to establish rather than a detail to check later.

It scores 77 for regulation, operating under Seychelles and Mauritius licences from a Limassol base, with negative balance protection on our record. Founded in 2012.

Open an account with BDSwissRead our full BDSwiss review

#10

RoboForex

6.6/10

Recommended for traders who want high leverage and an unusually large instrument range.

Overall rating

6.6 / 10

Regulation rating

6.9 / 10

Minimum deposit

$10

Minimum trade

0.01 lots

Spread from

0.0 pips

Commission

Approx. $4 round turn ECN; approx. $2 round turn Prime

All-in cost, EUR/USD

Approx. 0.6 pips, ECN

Maximum leverage

1:2000

Platforms

MetaTrader 4, MetaTrader 5, R StocksTrader, R WebTrader, R MobileTrader

Demo account

Yes

Copy trading

Yes

Support

24/7

Founded

2009

Regulation

FSC (Belize)

RoboForex carries 12,000+ instruments - by far the largest catalogue on this page and more than most brokers we rate at any level - across MetaTrader 4 and 5 and its own R StocksTrader, R WebTrader and R MobileTrader platforms.

It advertises up to 1:2000, opens from $10, and prices competitively at about 0.6 pips all in on its ECN account with roughly $4 round turn.

Margin call and stop-out thresholds vary by account rather than applying broker-wide, so the specification for your chosen account is the one that matters.

It scores 69 for regulation, the joint-lowest here, operating under a single Belize licence. Negative balance protection applies on our record. The combination of a very large product range, high leverage and a thin regulatory footing is the trade this broker asks you to make.

Open an account with RoboForexRead our full RoboForex review

How we chose these brokers

This list covers brokers advertising at least 1:100 on our records, ordered by the highest figure they advertise, with the regulation rating printed beside each one. It is a ranking of permission rather than quality, and it is incomplete for the reason given at the top of the page. What we weigh:

• Maximum advertised leverage, and whether it is floating or fixed
• Whether the figure applies to the whole account or only to small positions
• Instrument-level leverage, which is always lower than the headline on shares and crypto
• Margin-call and stop-out thresholds, and whether the broker publishes them
• Negative balance protection - the single most important control on a leveraged account
• Trading costs, which do not change with leverage but vary five-fold across this page
• Overnight financing, since margin positions held for weeks accrue it
• Minimum deposit and minimum position size
• The regulator, and the entity that will actually hold your account
• Platform quality and execution, because a stop that cannot be filled is not a stop

We do not rank a broker higher for offering more leverage than the next one. The order reflects what each will permit; the regulation rating beside it reflects what we think of them, and on this page the two frequently point in opposite directions.