Best Highly Leveraged Forex Broker in Australia
Despite the new ASIC regulations on leverage, you can still choose highly leveraged Forex brokers in Australia, here are some considerations for reviewing them。
Despite the new ASIC regulations on leverage, you can still choose highly leveraged Forex brokers in Australia, here are some considerations for reviewing them。
In 2021, ASIC introduced new regulations to limit the leverage of brokers in Australia.。Now, brokers can only offer 1: 30 for major forex pairs, 1: 20 for minor forex pairs, 1: 10 for most commodity CFDs, 1: 5 for equity CFDs, and 1: 2 for cryptocurrency CFDs.。However, this does not mean that you cannot find a highly leveraged Forex broker in Australia。
The article highlights an Australian broker that offers a compelling choice for non-Australian traders seeking to participate in highly leveraged trading。While the broker's main business is based in Australia, it has expanded its services to traders worldwide through its offshore offices.。
It enables Australian traders to gain access to and take advantage of large amounts of leverage, enabling traders around the world to benefit from the broker's expertise and highly leveraged products.。
You can try the following brokers that offer high leverage:
- IC Markets: Leverage up to 1: 500
FXOpen: Leverage up to 1: 500
Anzo Capital: Leverage up to 1: 500
GOMarkets: Leverage up to 1: 500
Admirals: Leverage up to 1: 500
XM: Leverage up to 1: 500
FP Markets: Leverage up to 1: 500
So how do these brokers provide high leverage to their clients and what other benefits can traders reap??
1. IC Markets
As a highly leveraged Forex broker in Australia, IC Markets allows you to trade with a variety of instruments such as currencies, cryptocurrencies, indices, metals, energy, commodities, stocks and bonds。IC Markets provides up to 1: 500 leverage through its Seychelles-based affiliates。
Regarding the trading platform, IC Markets allows customers to choose between MetaTrader 4, MetaTrader 5 and cTrader。As one of Australia's best-known brokers, the broker also offers many payment options such as debit or credit cards, bank wire transfers and a range of electronic payments。The broker also has an office in Sydney, Australia.。
IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。
On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。
IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。
with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。
For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。
因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。
Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。
2. FXOpen
FXOpen is the world's first Sharia-compliant Forex brokerage firm and is a highly leveraged broker。FXOpen was founded in 2005 and set up outside Australia, but later set up an office in Melbourne to provide services as an ASIC regulated broker through FXOpen AU.。
Still, the service offers global customers leverage of up to 1: 500 with deposits as low as $1, and they also offer multiple trading tools including currencies, cryptocurrencies, indices, metals and energy.。
In terms of trading platforms, FXOpen mainly uses MetaTrader 4 (MT4), which is popular among traders and brokers, and also offers a web-based version that can be accessed from any device。The Australian highly leveraged broker also has good customer service, ensuring that their clients can contact them via 24-hour live chat on weekdays。
FXOpen has been operating as an online trading provider for retail customers since 2005.。The company was founded by a group of traders with a mission to provide services in the interests of traders.。FXOpen claims to be one of the first companies to offer ECN trading via MetaTrader 4 (MT4)。With unique proprietary price aggregation technology, customers can benefit from the industry's most competitive spreads (from 0 points) and low trading commissions。
In 2006, FXOpen also became the first broker to offer micro and swap-free accounts.。Since then, they have gone on to become pioneers in a number of high-tech services, including the first crypto account that can offer trading facilities for 24 cryptocurrency pairs such as Bitcoin, Litecoin and Ethereum.。
In addition, the company also provides one-click trading and secondary MT4 plug-ins, allowing traders to trade with just a click of the mouse。Traders don't need to worry about trading security at FXOpen。They are registered with Nevis, FCA UK and ASIC Australia。
Provide STP, Micro, ECN and other trading accounts, as well as free unlimited demo accounts。Minimum deposit per account depends on account type; $1 for micro accounts, $10 for STP and cryptocurrency accounts, and $100 for ECN accounts。FXOpen also offers leverage up to 1: 3 (for cryptocurrency accounts) and up to 1: 500 (for micro, STP and ECN accounts)。
In addition, traders can enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems.。Both services allow anyone to copy the trades of an experienced trader。Thus, a trader can replicate the results of a professional trader's strategy。
The FXOpen PAMM service allows transactions to be copied from the main account to one or more follower accounts and automatically distributes profits and losses。A professional trader operates personal funds through a PAMM account, his trading strategy is copied into the funds of his followers。The owner of the follower account can view and analyze the performance of the PAMM account with the help of advanced analytics。FXOpen has 3 PAMM accounts, STP, ECN and Crypto PAMM。
On ECN accounts, traders will receive direct quotes from leading liquidity providers, including Dresdner Bank, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JPMorgan Chase, Morgan Stanley, Deutsche Bank, Royal Bank of Scotland, Citibank and UBS Group。
After seeing the various advantages offered by FXOpen, traders can easily register an account by simply filling out the form in the registration menu of the FXOpen website。Traders will be required to verify documents in advance if they want to deposit or withdraw funds。According to the trader's experience and information, since the establishment of FXOpen, customers have not had any major complaints about payments (deposits or withdrawals)。
After registering with FXOpen, traders also have the opportunity to receive other benefits, such as the FXOpen cash return program within the first 90 days after new customer registration。Cash back minimum $5, maximum $1,000。
In addition, ECN, STP and crypto account holders can also use free VPS。Traders who can maintain a net worth of $5,000 at the end of the month or reach a monthly trading volume of $10,000,000 can use FXOpen VPS for 1 month free of charge。The advantages of VPS on FXOpen are excellent accessibility, flexibility and speed。
Trading on FXOpen becomes easier because traders can increase their insight into trading by participating in competitions。FXOpen Broker via ForexCup.com website offers weekly and monthly trading competitions on demo accounts, traders can participate in free competitions to hone their skills。If you want a bigger challenge, there are trading competitions on real accounts。
The company also offers a forex partnership program to traders, forex brokers and website owners who post information on fiat and cryptocurrency trading.。There are 3 types of partner levels, including using referral (affiliate) links, Forex rebates, and personal partner conditions to attract new customers to FXOpen's Forex IB (Forex Agent)。
All in all, FXOpen is a comprehensive forex brokerage firm for traders who want to try a variety of trading tools, the trading environment for ECN accounts, low minimum deposits, the best cryptocurrency trading conditions, and interesting trading features such as PAMM and mock competitions.。
3. Anzo Capital
Founded in 2015, Anzo Capital is one of the best highly leveraged Forex brokers in Perth, Australia, and they also offer other trading tools including currencies, cryptocurrencies, indices, metals and energy.。
Australia's Anzo Capital is regulated by ASIC to keep you safe。As a highly leveraged forex broker, Anzo Capital offers leverage of up to 1: 500 under its Saint Vincent and the Grenadines company with minimum deposits as low as $100.。
Anzo Capital offers customers a free 30-day demo account with $100,000 of virtual capital to trade。Regarding deposits and withdrawals, Anzo offers credit and debit cards, international wire transfers and online money transfer services.。Unfortunately, the broker does not have a direct support phone number for clients。
4. GOMarkets
Founded in 2006, GOMarkets allows you to trade currencies, indices, metals, energy and stocks and is regulated by ASIC.。While their Australian unit in Melbourne is subject to trading leverage limits, the Mauritius unit is not subject to these。
GOMarkets also offers customers leverage of up to 1: 500 under its Mauritius company with deposits as low as A $200.。Regarding the trading platform, the broker offers a variety of options, such as MT4 and MT5 and its mobile version。
Go Markets is an Australian broker founded in 2006.。Go Markets is also licensed by the Australian Securities and Investments Commission (ASIC) under number AFSL 254963.。Go Markets has established partnerships with various experts in the securities and derivatives field around the world, so it can provide better services to customers by introducing these expertise。Go Markets is known for having branches in the UK, Taiwan and Hong Kong。
Go Markets is committed to providing the best service to customers by perfecting technology, improving service and customer education。In addition, Go Markets is willing to continuously provide customers with the best trading experience through reliable customer service, transparent pricing, low-latency trade execution and platform stability。
When it comes to trading, the right platform is needed to trade perfectly。GO Markets offers traders powerful MetaTrader 4 and MetaTrader 5 as a desktop and mobile trading platform。As Go Markets is recognised as Australia's first MT4 broker, they have made some improvements by adding MT5 and a web-based trading platform to meet customer demand for the right platform.。
The mobile version of MT4 allows novice and experienced traders to trade, analyze the market and easily access all EA trades anytime, anywhere。The main difference between MetaTrader 4 and MetaTrader 5 and their related mobile trading platforms is that MT4 is primarily a foreign exchange trading platform, while MT5 is a multi-asset CFD trading platform.。In addition, the internationally trusted Go Markets Metatrader 4 platform offers the following advantages:
- No trading desk involved
Point difference 0.From 5: 00
Leverage up to 500: 1
No hedging restrictions
By opening an account in GO Markets, traders will have access to the most advanced and powerful trading tools in a range of markets when trading online CFDs。Traders who have just started trading can become familiar with the broker's trading platform and tools by honing their skills in a demo account at GO Markets.。
For those who want to start real trading, GO Markets allows the flexibility to trade a range of forex and CFDs, including stocks, commodities, indices and cryptocurrencies, via the MetaTrader 4 and MetaTrader 5 platforms.。
Go Markets is very pleased to announce that they will soon use Currenex technology (the birth of Currenex interbank liquidity) to provide more liquidity to customers.。
GO Markets simplifies the transfer of funds from customers through the customer portal, where they can open accounts and deposit funds in nine currencies (USD, GBP, EUR, NZD, SGD, CHF, CAD, HKD, AUD), while deposits and withdrawals can be made by bank transfer or electronic payment (FasaPay, Neteller and Skrill), and GO Markets does not charge any internal deposit fees using Visa / Mastercard, Skrill。
Finally, Go Markets also secures customers "money by maximizing the protection of their privacy and financial information, adopting leading security systems and establishing strict procedures to protect customer information。
If you want to start trading in Go Markets with a small amount of cash and low risk, Go Markets offers special accounts where customers can start trading with a few dollars and are able to trade at 1 cent per point, with a deposit limit of $500 and permission to trade with an EA。
5. Admirals
Admirals is an Australian STP broker based in Sydney that offers different tools such as currencies, cryptocurrencies, indices, metals, energy, stocks, bonds and ETFs。The broker offers leverage of up to 1: 500 with deposits as low as $1 through its Cyprus company。
Admirals uses MT4 and MT5 trading platforms that are accessible to Android, IOS and Mac users as well as web-based trading。The broker also has a mobile trading application with a simple user interface that allows trading anytime, anywhere。
As one of the best highly leveraged Forex brokers, Admirals offers different kinds of payment methods such as wire transfer, credit card, Neteller, PayPal, Skrill and many more。The broker is very novice friendly as they offer a wealth of educational materials on trading, mostly in the form of webinars, tutorials, Forex and CFD trading seminars and online courses。
6. XM
XM is a highly leveraged Forex broker based in Sydney and regulated by ASIC。The broker offers up to 1: 888 leverage under its Cyprus company with deposits as low as $5。XM brokers allow clients to trade with a variety of instruments, including currencies, indices, metals, energy, commodities and equities。They offer MT4, MT5 and web versions of these platforms。
Customer service is available 24 hours a day on weekdays and you can contact them via live chat, phone and email。As a global brand, XM Group has representatives who are proficient in 25 languages。
XM was founded in 2009 as a company called Trading Point of Financial Instruments Ltd..A member of an online brokerage firm。To serve customers worldwide, the company has split into XM Australia and XM Global, as well as XM Cyprus。Each member has a different head office and license, XM Australia is registered under the Australian Securities and Investments Commission (reference number: 443670), XM Worldwide is registered under the International Financial Services Commission (60 / 354 / TS / 19), and XM Cyprus is registered under the Cyprus Securities and Exchange Commission (reference number: 120 / 10).。
XM is one of the more experienced brokers in today's online forex trading world。Since its inception, the broker has undergone many changes, including the addition of an ultra-low account and webinar function, which supports 19 different languages with 35 local instructors in each language。
In terms of trading instruments,XM is known for its diversity of asset providers, ranging from Forex, commodities, CFDs for equity indices, precious metals, energy, to equities。XM prides itself on being the ideal broker to execute trades, providing a statistic that 99.35% of orders executed in less than a second。Trading at XM also offers a strict no-re-quote policy, no virtual trader plug-ins, no rejection of orders, real-time market execution, and the option for traders to place orders online or over the phone.。
在在Spreads across all major currency pairs can be as low as 0 in an Ultra-Low account.6 points, while the spread of other accounts usually starts at 1 point。XM chose to limit their leverage to a scale of 1: 888, rather than offering a maximum leverage of 1: 500 or 1: 1000 (whole numbers), a unique number now widely recognized as a trademark of XM.。
In order to protect the client's funds in the case of extreme volatility,XM provides negative balance protection for each type of account。Deposits for micro and standard accounts start at $5, while Ultra-Low accounts require a minimum deposit of $50。Traders who open an account at XM can get conditions similar to a penny account environment in a micro-account, where each lot has a contract size of only 1,000 units.。If you use the smallest number of lots on the MetaTrader platform, which is 0.01 lots, then the trader can trade only 10 units per trade。
For deposits,XM applies zero-fee deposits in most of its available payment methods。Traders can choose to deposit and withdraw money by wire transfer, credit card, and the most popular electronic payment options such as Skrill, Neteller, and FasaPay.。
XM also provides Islamic accounts for Muslim traders who comply with Sharia law that prohibits the use of interest-bearing overnight swaps for each currency pair.。In order to provide their customers with the best trading experience, XM has opened access to MT4 and MT5 platforms, each with more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android and Android tablets).。
In general, there is no doubt,XM has gone global, with its deep commitment to providing trading services worldwide available in more than 15 languages.。In addition to simplifying the trader's experience through mainstream trading platforms and high-quality trade execution, XM is open to all types of traders, from small capital traders to preparing large deposits.
for their global approach,XM has ensured that traders from various countries can easily access their services.。This has resulted in different domain names for traders in specific jurisdictions。
7. FP Markets
Founded in 2005, this forex broker offers its Cyprus companies leverage of up to 1: 500 and you can start trading with them with deposits as low as A $100.。
FP Market is regulated by ASIC and is based in Sydney, Australia, where the Australian company is subject to leverage limits, but the SVG subsidiary is not.。
Regarding trading instruments, FP Markets offers different trading instruments, including currencies, indices, metals, energy, commodities, equities and ETFs。The broker uses MT4 and MT5 as well as the online and desktop versions of Metaquotes products。
Maintaining an overnight position will not result in overnight / rollover fees reducing your income, so you don't have to worry about。FP Markets offers the most competitive swap rates in the industry by introducing swap points in the form of real-time swap rate listings on the MT4 and MT5 platforms。For example:
ACWI: long position is -5.00, the short position is -2.50。
ADAUSD: long position at -20.00, with a short position of -20.00。
AGG: long position is -5.00, the short position is -2.50。
How to Make Highly Leveraged Trading Safely
Some experienced traders may advise you to avoid using high leverage, although this is true for novice traders, it does not mean that there is no safer way to use this feature。In addition to choosing the best high leverage forex broker, you can also use high leverage safely by following these tips:
- Use smaller lots: When using high leverage, choosing a smaller lot is very important to minimize risk。The calculation of profit and loss is based on the degree of change in price relative to the level of entry.。The higher the price at which a position is bought, the greater the profit。On the other hand, when the price falls further from the buying position, your loss will be even greater。
Choose your instruments carefully: due to the risk of highly leveraged trading, it is best to choose a major currency pair with high liquidity。Fortunately, most highly leveraged forex brokers allow you to trade important currency pairs。Price movements in such markets are more predictable than those of exotic foreign exchange pairs。
Keep an eye on press releases: Always keep an eye on press releases。For example, dollar traders always focus on the release of non-farm payrolls data because it affects prices; another thing to watch is the central bank's announcement, especially when it differs from market forecasts。
Take advantage of day trading: While long-term trading may be safer, many traders prefer short-term strategies such as day trading。When a trader holds an open position for a long period of time, a large amount of capital is required to ensure that the equity is sufficient to hold the position。
Conclusion
Highly leveraged trading does have its advantages and disadvantages. It is best to consider how much money you want to "borrow" from a broker。First, learn how to use it safely; second, choose the best highly leveraged forex broker。Always control your emotions and do good risk management so you don't suffer huge losses。
High leverage trading is not recommended for new traders。But if you are a beginner and want to learn more, you can start by understanding the pros and cons of high leverage。
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