The broker has no minimum deposit and no inactivity fee whatsoever, which could make the platform well suited to those who just want to try their hand at forex trading.To get more news about best high leverage forex brokers, you can visit wikifx.com official website.
As the broker is regulated by the FCA in the UK, leverage is limited to 30:1 for major currency pairs, and 20:1 for minor pairs.Meanwhile, professional forex traders can get leverage of up to 500:1 with Pepperstone’s professional account.
AvaTrade
Speaking of currency pairs, AvaTrade is a forex broker with slightly better offerings.Indeed, the broker has 55 currency pairs for you to choose from. However, it’s important to keep in mind that AvaTrade is not fully regulated by the FCA in the UK.
This doesn’t mean AvaTrade is unsafe – in fact, the broker is stringently regulated by several different regulatory bodies around the world, including the Central Bank of Ireland. However, you typically won’t receive any protection from the Financial Services Compensation Scheme (FSCS) in the UK should the broker cease operations.Despite not being fully regulated in the UK, AvaTrade still limits forex leverage to 30:1 for retail investors, though professional clients can get leverage up to 400:1 if they meet the qualification criteria.
There is a minimum deposit of $100 when you first open your account on AvaTrade, and you will be required to pay an inactivity fee of $50 a quarter after three months of inactivity, and a further fee of $100 after another 12 months.
ActivTrades
ActivTrades is a popular choice for forex trading.
Like most Financial Conduct Authority (FCA) regulated brokers, ActivTrades limits forex leverage to 30:1 for retail customers.
They do offer a professional account for qualified forex traders, though, where the leverage increases to 200:1. Only professional traders can access this higher leverage.While the trade cost with ActivTrades’ is relatively low at only $5.70, there is a minimum deposit of $10* when you first open your account.And, you will have to pay an inactivity fee of $10 a month after one year of account inactivity.
eToro
You may have heard of eToro before, and one of this popular broker’s offerings includes forex.
While eToro only has 49 currency pairs for you to trade, the minimum deposit amount of $10 when you first open your account is quite low.
FXTM
FXTM is another popular choice for forex trading. The broker is regulated in the UK by the FCA, meaning forex leverage is restricted to 30:1 for retail investors.
Meanwhile, if you’re a professional trader, you can access leverage of up to 2000:1 on FXTM.
IG
If you’re looking for a broker with a good selection of different currency pairs, then IG could be a good choice for you.Indeed, the broker has 205 currency pairs, making it the broker with the most pairs on this list.
It could also be a good platform for beginners too, as there is no minimum deposit, and the inactivity fee is only £12 a month after two years of inactivity.