Margin trading is when investors borrow money to buy and sell assets online. In this article, we reveal our 10 Best 1:1000 Leverage Forex Brokers and we review the features, trading conditions and instruments these brokers offer.
Research suggests that approximately 9.6 million people trade forex online. Forex markets are open 24/7 and an average value of around $5 trillion of forex transactions take place daily.
Margin trading is also referred to as “trading with leverage”. Depending on regulations, some brokers may offer leverage of 1:2 or higher.
Rank Broker Regulations Min. deposit Rating Open account MiFID, FSA, ASIC, BVI, FFAJ, FSCA, ADMG, FRSA FCA, FSA, FSCA, DFSA, CySEC, FSC CySEC, FCA, SFSA, FSCA, CBCS, FSA, FSC $10 ASIC, FCA, FSCA $50 $100 $50 FCA, ASIC, CFTC, FINMA, MAS, JFSA, DIFC $0 FCA, KNF, CySEC, IFSC $200Top 10 Brokers for 2023
Our top 5 Brokers for trading with 1:1000 leverage are:
🏆 Deriv
🏆 HFM
🏆 GKFX Prime
InstaForex
Here is an overview of some of these brokers that offer leverage of 1:1000, along with pros and cons of each and an explanation of what leverage is.
Deriv
Overall Rating USD 5 MFSA, LFSA, VFSC, BVIFSC 📱 Platforms MT5, Deriv X, SmartTrader ₿ Crypto Yes 💵 Account Currency USD, AUD, EUR, GBP Yes 1:1000 🛒 Instruments Forex, Indices, Stocks, Cryptocurrencies, Commodities 🏛️ Visit Broker
3.9/5
Minimum Deposit
Regulators
Islamic Account
Leverage
Deriv, which was founded in 1999, offers multiple types of trading accounts to fit the needs of different kinds of traders.
Deriv primarily offers a margin account for trading on leverage, as well as tight spreads and advanced trading tools such as charting widgets.
Deriv’s customer support team is available 24/7.
Pros and Cons of Deriv
| ✔️Pros | ❌Cons |
| Advanced trading tools | Not beginner-friendly |
| Regulated broker | No USA clients |
| low minimum deposit | |
| tight spreads |
HFM
With more than 3.5 million clients, HFM is a well-known CFD and Forex broker that was established in 2010.
Overall Rating
4.2/5
Minimum Deposit
USD 5
Regulators
FCA, FSA, FSCA, DFSA, CySEC, FSC
📱 Platfoms
MT4, MT5
₿ Crypto
No
💵 Account Currency
USD, ZAR, USD, NGN
Islamic Account
Yes
Leverage
1:1000
🛒 Instruments
Forex, Metals, Energies, Indices, Shares, Commodities, Bonds, Stocks, ETFs
🏛️ Visit Broker
More than 1,200 tradeable instruments, AutoChartist access, premium MT4 and MT5 trading tools, VPS hosting, and more are all provided by HFM.
Additionally, HFM provides promotions, a distinctive loyalty program, trading services, and credit bonuses. These can be used to exchange bars for money.
HFM Pros and Cons:
| ✔️Pros | ❌Cons |
| beginner-friendly | Inactivity fees |
| 1,200+ instruments | |
| Promotional offers | |
| Low minimum deposit |
GKFX Prime
GKFX Prime is part of the Global Kapital Group and is regulated by the British Virgin Islands’ Financial Services Commission
The GKFX Prime brand is regulated by the Malta Financial Services Authority regulation.
Traders can trade over 400 market assets with GKFX Prime on MT4/5, Autotrade and Zulutrade.
Currently, GKFX Prime serves more than 20,000 clients from around the world.
GKFX Prime Pros and Cons:
| ✔️Pros | ❌Cons |
| Commission-free trading | no USA clients |
| No minimum deposit | |
| MT4 and 5 supported | |
| trading bonus |
InstaForex
InstaForex, a division of Insta Global Ltd., was established in 2007 and is governed by CySEC, the BVI, and the FSC.
Overall Rating USD 1 FSC, BVI, CySEC 📱 Platforms MT4, MT5, InstaTick Trader ₿ Crypto Yes 💵 Account Currency EUR, USD Yes 1:1000 🛒 Instruments Forex, Stocks, Indices, Metals, Oil, Gas, Commodity Futures, Crypto, InstaFutures 🏛️ Visit Broker
3.9/5
Minimum Deposit Regulators Islamic Account Leverage
Since its launch, InstaForex has accrued over 7 million customers and won numerous accolades.
The Single Live Trading account and the Investor’s account, as well as a demo account, are the two primary account types available to traders.
InstaForex Pros and Cons:
| ✔️Pros | ❌Cons |
| Beginner-friendly | 2 account currencies |
| Scalping allowed | No USA clients |
| Negative Balance Protection | High withdrawal fees |
| Many trading bonuses | High inactivity fees |
Exness
Exness has been in business for more than ten years and currently has more than 340,000 clients worldwide.
Overall Rating Rated #1 of USD 10 FSA, CBCS, FSC, FSC, FSCA, CySEC, FCA 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency USD, EUR, ZAR, CHF, NZD, SGD, JPY, AUD Yes 1:unlimited 🛒 Instruments 100+ Forex, Cryptocurrencies, Energies, Metals, Shares, Stocks, Commodities 🏛️ Visit Broker
4.9/5
Recommended FX BrokersMin. DepositRegulators Islamic Account Leverage
Additionally, Exness offers a ton of educational resources on its education website, with content available in more than 5 different languages.
Switching to swap-free accounts is possible for Exness Pro, Raw Spread, Zero, Standard Cent, and Standard accounts.
Exness Pros and Cons:
| ✔️Pros | ❌Cons |
| No inactivity fees | No trading bonus |
| Low minimum deposit | No USA clients |
| 5+ base currencies | |
| 100+ Forex pairs |
AMarkets
AMarkets is a Saint Vincent and the Grenadines-based offshore online broker firm. AMarkets was established in Russia in 2007, but it has offices in Kingstown, Saint Vincent and the Grenadines, and it is licensed by the SVG Financial Services Authority.
Fixed accounts, standard accounts, ECN accounts, and Bitcoin accounts are the four account types offered by AMarkets. Islamic accounts may be opened, and there is a specific account for institutional clients.
To open an account, a deposit of at least $100 is required.
AMarkets Pros and Cons:
| ✔️Pros | ❌Cons |
| low spreads | 2 base currencies |
| Commission-free trading | Not many regulations |
| Research material provided |
Anzo Capital
Anzo Capital is a Belize-based online forex and CFD broker. The business was established in 2015.
Anzo Capital offers customers two different account types and is governed by a three-tier regulator, the IFSC (International Financial Services Commission).
Clients of Anzo Capital have access to over 80 currency pairs, as well as commodities like gold, silver, and energies and stock indexes.
Anzo Capital Pros and Cons:
| ✔️Pros | ❌Cons |
| deposit bonus | 2 base currencies |
| tight ECN spreads | high minimum deposit |
| dedicated account managers | no fixed spreads |
| commission-free trading |
Roboforex
Overall Rating USD 10 IFSC, CySEC 📱 Platforms MT4, MT5, cTrader, R Stocks Trader ₿ Crypto Yes 💵 Account Currency USD, EUR, RUB, CNY, GOLD, BTC Yes 1:2000 🛒 Instruments Forex, Indices, Stocks, Metals, Commodities, ETFs 🏛️ Visit Broker
4.7/5
Minimum Deposit Regulators Islamic Account Leverage
With Roboforex, you can get up to 10% more money on your account balance in the form of Cashback rebates, Free VPS, Free Contests, VIP Services, and Premium Features.
If you are considering new strategies and need a strategy builder tool, or if you’d like to try copy trading, Roboforex is a fantastic option for beginners. We also strongly advise using this broker.
RoboForex Pros and Cons:
| ✔️Pros | ❌Cons |
| Flexible account types | No crypto |
| Great affiliate program | USA clients not accepted |
| Excellent variety of educational content | |
| Negative Balance Protection | |
| Free VPS server |
AMEGA
AMEGA, a Marshall Islands-based unlicensed forex broker, provides both the MT5 and MT4 forex trading platforms.
AMEGA has offices in Vietnam, Vietnam, and Cyprus, and was founded in 2017.
With a $1 minimum deposit, you can open any of the available account types, including Mini, Premium, Swap Free, PAMM, and Scalper accounts.
Amega Pros and Cons:
| ✔️Pros | ❌Cons |
| commission-free trading | No USA clients |
| cashback rewards | |
| tight spreads | |
| hedging and netting allowed |
FIBO Group
Overall Rating
4.5/5
Minimum Deposit
0¢ (cent account ) or $50
Regulators
FSC, CySEC
📱 Platforms
MT4, MT5, cTrader, cTrader Copy
₿ Crypto
Yes
💵 Account Currency
EUR, USD, RUR, CHF, GBP
Islamic Account
Yes
Leverage
1:1000
🛒 Instruments
Forex, CFDs, Spot Metals, Crypto
🏛️ Visit Broker
Since 1998, the Cyprus-based Forex and CFD broker FIBO Group has been in business.
Client investment funds are protected by the Investor’s Compensation Fund, and FIBO Group is subject to CySeC and MiFID regulation.
The FIBO Group provides six different account types based on various trading approaches, as well as demo accounts and support for traders of the Muslim faith.
FIBO Group Pros and Cons:
| ✔️Pros | ❌Cons |
| Great selection of account types | Lack of educational resources |
| Multilingual customer support team | US clients not accepted |
| Tight spreads on all accounts | |
| Zero-commission accounts provided |
Conclusion
A high leverage ratio indicates a company is largely financed by debt and increases the insolvency risk because it becomes more difficult to meet financial obligations when the company’s assets suddenly drop in value.
We hope that this review of our 10 Best 1:1000 Leverage Forex Brokers will help you find a broker that aligns with your trading goals so that you can trade with confidence and peace of mind.
Good luck with your trading!
You might also like: Lowest Spread Forex Brokers
You might also like: Most Regulated Forex Brokers
You might also like: Best Stock Trading Brokers
You might also like: Best NASDAQ100 Forex Brokers
You might also like: Best FTSE 100 Brokers
FAQ
What is leverage?
Leverage is when funds are borrowed to increase the amount of capital an investor has to enter the markets with and trade. This method of trading is also referred to as “Margin trading”.
Trading with margin can increase your account balance by 2x, 100x or even 3000x the initial amount, but you will expose yourself to much higher risks.
How does leverage work?
When you trade on margin, you deposit a fraction of the amount you want to trade with and your broker supplies the rest of the funds.
The total exposure of your account is known as the “Leverage ratio”.
You will be able to trade with the funds in your account but the money you use will be owed to your broker.
What are the benefits of using leverage?
The advantages of using leverage are:
- You only have to fund a portion of your account to enter the markets with a bigger deposit
- Using leverage enables “gearing”, which frees up your capital for other investments
- Using leveraged products to speculate on market movements enables you to benefit from falling and rising prices, which is known as ‘going short’.
What are the drawbacks of using leverage?
Some of the disadvantages of using leverage are:
- Margin trading exposes you to much higher risks
- You give up the benefit of taking ownership of an asset when you trade on margin
- If your positions move against you, you will need to add capital or exit positions, which is known as “margin calls”
- Overnight fees may be charged when you open a full position using margin
Disclaimer
Remember, 75% of retail investors lose money when trading CFDs and there is a high risk of losing your capital in the forex markets.
The information on this website is in no way intended to be used as financial advice and opening an account with any broker is done at your own discretion and risk.
