| Updated: October 4, 2024Looking for trustworthy brokers where you can use high leverage with confidence? Your search ends here as we present you with an unbiased ranking of the best brokers offering 1:100 leverage ratio. The selection below is based on meticulous first-hand analysis as we explored all aspects of the brokers’ operations. Furthermore, we ensured our top picks provide high-leverage traders with invaluable safety nets like negative balance protection to prevent them from running up debt.
Fusion Markets74-89% of retail CFD accounts lose money
FP Markets73.85% of retail investor accounts lose money
BlackBull Markets
Global Prime74-89% of retail CFD accounts lose money
FXCM70% of retail investor accounts lose money
Admirals73% of retail investor accounts lose money
Vantage FX
XM Group72.82% of retail investor accounts lose moneyTop 8 Brokers Offering 1:100 Leverage
Launched by a group of experienced traders from Australia, Fusion Markets has been providing low-cost trading services to clients worldwide since 2017. The broker operates with licenses granted by the regulatory authorities of Vanuatu and Australia. Fusion Markets has a slimmer product line compared to its closest competitors but compensates with a streamlined registration process, best-in-class customer service, and low trading costs.
Traders who access the website via the Vanuatu-registered domain can magnify their potential with maximum leverage of 1:500 for currency pairs and metals, 1:100 for indices, and 1:10 for cryptocurrencies. Customers’ account equity also impacts their leverage caps. We recommend you use leverage cautiously as clients registered via the Vanuatu domain are not eligible for negative balance protection.
Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.- 2. FP Markets
With over 20 years of industry experience, FP Markets is a perfect fit for traders looking for tight spreads and a diverse range of financial markets. The Sydney-based broking firm delivers both, with spreads as low as zero pips and over 10,000 tradable symbols on offer. Customers can have their peace of mind as the company has procured licenses from several first-tier regulators like ASIC, FSCA, and CySEC.
FP Markets is additionally regulated in Mauritius and the Seychelles, which allows it to offer considerably higher leverage rates to customers from certain jurisdictions. The ceiling is set to 1:500 for less volatile markets like forex and commodities. Bonds and index traders can amplify their positions at maximum rates of 1:100.
10 per quarter for non-AU traders; 20 per quarter and notional volume of AU$1,000,000 per 4 quarters in the last 1 year 73.85% of retail CFD accounts lose money - 3. XM Group
XM emerged in 2009 and quickly established itself as the go-to platform for traders looking for low-cost and fair trading conditions. The broker offers a well-rounded selection of over 1,000 financial instruments, including stocks, forex, commodities, and equity indices. XM gives clients the flexibility to trade with variable leverage based on the total equity of their accounts.
Customers from certain countries can take advantage of leverage rates ranging from 1:1 to 1:1000. Margin requirements at XM do not fluctuate overnight or during weekends, which is yet another positive of trading here. Margin traders will additionally benefit from negative balance protection and various tools that enable them to monitor their risk exposure in real time.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 4. Global Prime
Global Prime launched in 2010 and quickly won traders over with its tight spreads, no deposit fees, and lack of minimum account requirements. The company holds itself to high regulatory standards as it carries licenses from Australia’s ASIC and Vanuatu’s VFSC. Global Prime offers a healthy range of global markets and boasts a superb execution speed as low as 10 milliseconds.
The company enables margin traders to leverage their positions at rates of up to 1:100 for indices and commodities. The rates increase fivefold to 1:500 for forex majors and crosses. Traders with lower risk tolerance can adjust their leverage rates manually. It is worth noting these high leverage caps apply to customers from specific countries only. The ASIC-licensed domain has considerably lower leverage caps.
Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited trading as Global Prime FX, is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC. The website is owned and operated by FMGP Trading Group Pty Ltd, ABN 74 146 086 017. Launched in 2014, BlackBull Markets is a reputable online brokerage that provides a best-in-class forex trading experience to clients from over 180 countries. It boasts a versatile asset selection comprising north of 26,000 tradable instruments. The award-winning broker provides superior order processing with execution speeds of less than 100 milliseconds.
Depending on where they register from, traders can leverage their positions at maximum rates of 1:500 for currency pairs, silver, and gold. The leverage for crude oil trades and equity indices is restricted to 1:100. Another advantage of trading with this Auckland-based broker is that you can adjust your leverage rates manually, which enables you to better manage your risk and minimize your losses.
- 6. Admirals
Admirals (formerly Admiral Markets) is a trusted online broker licensed in multiple jurisdictions, including the Seychelles, Australia, Cyprus, and the UK. It offers a wide choice of over 2,500 tradable symbols and generous trading conditions. Spreads start from zero pips for certain account types. The broker is suitable for beginner and seasoned traders alike as it offers plenty of educational and research tools, including weekly trading podcasts and a forex calendar.
Clients registered via the Seychelles-licensed domain can gain access to a maximum leverage of 1:1,000. The broker caps leverage for silver and BTC/USD trades at 1:100. Leverage for other forex markets ranges from 1:2 to 1:1,000, depending on currency pair and notional position value.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 7. Vantage FX
Vantage is an award-winning broker with over a decade of experience providing accessible and low-cost trading services. It serves customers from over 170 countries, offering them a broad choice of markets for forex, shares, bonds, commodities, indices, and EFTs. The broker is regulated in multiple jurisdictions, including South Africa, Vanuatu, Australia, and the Cayman Islands.
Default leverage for currency pairs starts at 1:100 but retail traders can request an increase to 1:500 if their strategies require higher ratios. Customers can apply for higher leverage from the client portal. Vantage provides an easy-to-use forex calculator, allowing traders to conveniently work out their potential returns, losses, and required margin.
- 8. FXCM
FXCM is an established forex broker that sails under the banners of multiple regulatory authorities, including CySEC, ASIC, and FSCA. The company caters to traders with a varied selection of competitively priced markets for forex, commodities, indices, shares, and crypto. Forex and stock baskets are also tradable at FXCM.
The broker provides an above-average range of research tools, including market scanners, market data signals, and an economic calendar. Customers based outside Australia and Europe will benefit from generous leverage based on their account equity. Accounts funded with over 50,000 base currency units are eligible for 1:100 leverage. Those with balances under 5,000 units have access to a maximum leverage of 1:1,000.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Top 8 Brokers Offering 1:100 Leverage Ranked by Trustpilot
| Forex Broker | Trustpilot Reviews | |
|---|---|---|
| 1. Fusion Markets | 1,662 | 4.9 ⭐ |
| 2. FP Markets | 6,706 | 4.8 ⭐ |
| 3. BlackBull Markets | 458 | 4.6 ⭐ |
| 4. Global Prime | 142 | 4.4 ⭐ |
| 5. FXCM | 526 | 4.0 ⭐ |
| 6. Admirals | 1,770 | 3.8 ⭐ |
| 7. Vantage FX | 3,408 | 3.3 ⭐ |
| 8. XM Group | 723 | 2.2 ⭐ |
Comprehensive Comparison of the Top 8 Forex Brokers with 1:100 Leverage
| Forex Broker | Min Account Requirements | Tradable Markets | Negative Balance Protection | Stop-Out Level | Trading Platforms | Trust Pilot Rating |
|---|---|---|---|---|---|---|
| 1. Fusion Markets | $0 | 250+ | Yes (ASIC entity only) | 20%; 50% (ASIC) | MetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade | 4.9 ⭐ |
| 2. FP Markets | $100 | 10,000+ | Yes (Retail traders) | 50% | MetaTrader4, MetaTrader5, WebTrader, IRESS | 4.8 ⭐ |
| 3. BlackBull Markets | $0 for Standard Accounts | 26,000+ | Yes (all clients) | 50% (70% margin call) | MT4, MT5, TradingView, cTrader, MT WebTrader, BlackBull Shares, BlackBull CopyTrader, BlackBull Trade | 4.6 ⭐ |
| 4. Global Prime | $0 | 150+ | Yes (ASIC entity only) | 100% | MT4 Desktop, MT4 Webtrader, MT4 Android | 4.4 ⭐ |
| 5. FXCM | $50 | 300 | Depends on region (N/A in UAE) | 50% (MT4), 100% for UAE | MetaTrader 4, TradingView Pro, Trading Station | 4.0 ⭐ |
| 6. Admirals | $100 | 4,000+ | Yes (Trade and Zero MT5 /MT4 Accounts) | 50% | MT4, MT5, WebTrader, MT Supreme Edition, StereoTrader | 3.8 ⭐ |
| 7. Vantage FX | $100 | 1,000+ | Yes | 50% | MetaTrader 4, MetaTrader 5, ProTrader, TradingView, Copy Trading | 3.3 ⭐ |
| 8. XM Group | $5 | 1,200+ | Yes, for retail clients | 50% | MetaTrader 4 and 5, MetaTrader 4 and 5 on mobile, MT4 WebTrader, MT5 WebTrader, MT$ Multiterminal | 2.2 ⭐ |
What Does Leverage Mean in Forex Trading?
Leverage enables traders to gain greater market exposure and open larger positions with small capital overlay. When executing leveraged trades, traders are borrowing additional funds from their brokers to artificially boost the size of their positions. Using leverage is an integral part of trading with derivative instruments like the CFD (contract for difference).
Example with 1:100 Leverage for EUR/USD Pair
Let’s assume you are looking to trade the EUR/USD pair at an exchange rate of 1.200 and wish to buy one whole lot of 100,000 units. You would need a balance of 120,000 (1.200 x 100,000) without leverage. Everyone would agree this amount is way beyond the financial capabilities of most retail investors.
However, if you leverage your position at a 1:100 ratio, you could execute this trade with a deposit of around $1,200 (1/100 of $120,000). In this case, your broker will lend you approximately $100 for every dollar you put up. Assuming the EUR/USD price moves in your favor to 1.2050, you would lock in net profits of $500. Of course, you would have collected the same amount without leverage but must risk a whopping $120,000 for this purpose.
Margin Trading Explained
The term “margin” refers to the minimum amount traders must deposit to their live balance as collateral to open leveraged positions. There is an interrelation between margin and leverage. The larger the leverage ratio, the smaller the collateral traders must put aside. The margin is presented as a percentage of the total amount of a leveraged position.
As we saw from the previous example, a 1:100 leverage requires you to deposit 1% of your total position. This corresponded to $1,200 for a standard lot of EUR/USD (100,000 units) at a 1.2000 exchange rate, but the amount would be lower when you trade with fractional lots. Many forex brokers facilitate trading in micro-lots (0.01), consisting of 1,000 currency units.
A 1:100 leverage will require a collateral of $12 for one EUR/USD micro lot at a 1.200 exchange rate (1,000 units x 1.2000 price) / 100. It is still a 1% margin, but the amount is lower because your trading volume has decreased considerably. The good news is you will not have to deal with the math yourself. Most CFD brokers offer convenient calculators, allowing customers to work out their collateral and potential profits.
Leverage Ratios and Corresponding Margin Requirements
Retail traders must register margin accounts to control larger positions with leverage. Margin funds remain locked in their accounts until they close their leveraged trades or their balance drops below the minimum margin requirements. One easy way to wrap your head around leverage is to think of it as a multiplier reflecting the amount of money your broker will lend you per currency unit. For instance, a 1:100 leverage enables you to control $100 for every dollar you deposit.
As mentioned earlier, higher leverage ratios require narrower margins, and vice versa. EU retail traders from the EU have access to maximum leverage of 1:30 for forex majors. One such trader can open a EUR/USD position valued at $30,000 with a balance of $1,000 (30 x $1,000). Your margin will equal 100% if you use no leverage at all. The table below contains the most commonly available leverage ratios and their corresponding margins.
Common Leverage Ratios and Their Margins
| Leverage Ratio | Margin Required as Collateral |
|---|---|
| 1:2 | 50% |
| 1:5 | 20% |
| 1:10 | 10% |
| 1:20 | 5% |
| 1:30 | 3.33% |
| 1:50 | 2% |
| 1:100 | 1% |
| 1:400 | 0.25% |
| 1:500 | 0.20% |
| 1:1000 | 0.10% |
| 1:2000 | 0.05% |
| 1:3000 | 0.03% |
Risks Associated with Using High Leverage
Leverage can be a powerful tool for experienced and well-informed investors as it could significantly increase their profits from successful trades. It is also a mixed blessing because the same goes for their potential losses. If the markets move abruptly against their leverage positions, traders could suffer losses greatly exceeding their initial capital.
Because of this, inexperienced retail traders should approach leverage cautiously and never risk more capital than they can afford to lose. Traders should always choose leverage rates corresponding to their investment goals, risk tolerance, experience, and budget. Market gaps and rapid price fluctuations can drain your balance when you leverage your positions.
We recommend you trade only with brokers that provide negative balance protection, as this will prevent you from losing more than your deposits. Regulated brokers also implement automatic closeouts to liquidate trades when customers’ balance drops below the required margin. The remaining margin, if any, is then released and becomes available for further trade execution.
You might also be interested in exploring these top forex brokers:
- Forex Brokers with 1:50 Leverage
- Forex Brokers with 1:200 Leverage
- Forex Brokers with 1:300 Leverage
- Forex Brokers with 1:500 Leverage