Margin trading is when investors borrow money to buy and sell assets online. In this article, we reveal our 10 Best 1:200 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 2024
Our top 5 Brokers for trading with 1:200 leverage are:
🏆 Plus500
🏆 FXTM
🏆 FX Primus
CM Trading
Here is an overview of some of these brokers that offer leverage of 1:200, along with pros and cons of each and an explanation of what leverage is.
Plus500
Plus500 was founded in 2008 and has more than 22 million clients. This beginner-friendly broker offers commission-free trading with tight spreads and real-time quotes.
Overall Rating
4.7/5
Minimum Deposit
USD 100
Regulators
FCA, CySEC, ASIC, FMA
📱 Platforms
Plus500 app
₿ Crypto
Yes
💵 Account Currency
USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD
Islamic Account
Yes
📊 Leverage
1:300
🛒 Instruments
Forex, Indices, Cryptocurrency, Commodities, Shares, Options, ETFs
🏛️ Visit Broker
Plus500 is an FTSE 250 company that is listed on the London Stock Exchange.
Plus500 officially sponsors 5 international sports teams and a wide range of instruments that can be traded on the proprietary Plus500 platform.
Plus500 Pros and Cons:
| ✔️Pros | ❌Cons |
| 5+ base currencies | high minimum deposit |
| tier-1 regulations | no mainstream platforms |
| 2,800+ instruments | inactivity fees |
FXTM
FXTM has more than 4 million clients and is a globally regulated broker.
Overall Rating
4.1/5
Minimum Deposit
USD 10
Regulators
CySEC, FCA, FSC
📱 Platforms
MT4, MT5, FXTM Trader
₿ Crypto
No
💵 Account Currency
USD, EUR, GBP, NGN
Islamic Account
Yes
Leverage
1:2000
🛒 Instruments
Metals, Stocks, CFDs, Indices, Forex, Commodities
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FXTM offers spreads from 0 pips and more than 1,000 tradable instruments.
FXTM provides plenty of educational resources and is a great option for beginners.
FXTM Pros and Cons:
| ✔️Pros | ❌Cons |
| competitive spreads | No USA cliets |
| low latency trading | Inactivity fees |
| low minimum deposit |
FX Primus
Overall Rating
4.1/5
Minimum Deposit
USD 0
Regulators
CySEC, VFSC
📱 Platforms
MetaTrader 4, MetaTrader 5
₿ Crypto
Yes
💵 Account Currency
USD, EUR, GBP, SGD, PLN
Islamic Account
Yes
Leverage
1:1000
🛒 Instruments
Forex, Metals, Energies, Equities, Cryptocurrencies, Indices, Futures
🏛️ Visit Broker
FXPrimus has more than 300,000 clients from over 140 countries and they have been in the trading industry for 12 years (founded in 2009).
FXPrimus is a CySEC-regulated broker that provides personal account management services, weekly market outlooks, educational material and more.
FXPrimus offers 200+ instruments with spreads from 0.2 pips.
FXTM provides free trading tools and educational resources and there are multiple accounts to choose from.
FX Primus Pros and Cons:
| ✔️Pros | ❌Cons |
| 4 types of accounts | no USA clients |
| no minimum deposit | 5 base currencies |
| tight spreads | not many regulations |
| Trading bonuses on Oil and Gold |
easyMarkets
easyMarkets is the perfect platform for anyone looking to start trading in the financial markets.
Overall Rating
4.8/5
Minimum Deposit
USD 25
Regulators
CySEC, ASIC, FSA
📱 Platforms
MT4, TradingView, easyMarkets app
₿ Crypto
Yes
💵 Account Currency
EUR, CAD, CZK, JPY, NZD, USD, SGD, CHF, GBP, MXN, AUD, PLN, TRY, CNY, HKD, NOK, SEK, ZAR, BTC
Islamic Account
Yes
Leverage
1:400
🛒 Instruments
Forex, Shares, Crypto, Metals, Commodities, Indices
🏛️ Visit Broker
easyMarkets clients get access to over 200 markets, low spreads, and a range of tools and features, easymarkets makes it easy for you to take control of your investments. Plus, you can access your account from anywhere with the mobile app.
Take advantage of the global markets and start making money today with easymarkets. With this broker’s simple-to-use platform and competitive rates, you can make informed decisions and maximize your profits.
easyMarkets Pros and Cons:
| ✔️Pros | ❌Cons |
| 10+ base currencies supported | No USA clients |
| Fixed, low spreads | |
| Negative Balance Protection |
CM Trading
Minimum Deposit
USD 100
Regulators
FSCA, FSA
📱 Platforms
MT4, CM Trading WebTrader, Copykat
Yes
💵 Account Currency
19
Islamic Account
Yes
Leverage
1:400
🛒 Instruments
Forex, Commodities, Stocks, Indices, Cryptocurrencies
CM Trading is a forex broker based in Johannesburg, South Africa. It is regulated by the Financial Services Board (FSB).
CM Trading provides powerful trading platforms to traders who want to trade Forex, commodities and indices, including cryptocurrencies.
CM Trading clients can use MT4 tools along with Sirix, a copy trading platform called CopyKat and there is a swap-free account for traders of Islamic faith.
The minimum deposit required to open an account is $250.
CM Trading Pros and Cons:
| ✔️Pros | ❌Cons |
| multiple account types | high minimum deposit |
| welcome bonus | not many base currencies |
| EA trading allowed | Inactivity fees |
| Daily trading signals |
Goldwell Capital
Goldwell Capital is a forex broker company based in Phnom Penh, Cambodia, and regulated by the Securities of Exchange Commission of Cambodia (SECC).
Goldwell Capital offers derivatives trading such as forex and CFD trading through thousands of markets and you can take advantage of lower trading costs when you join thisbroker.
Goldwell Capital offers an automated execution process and strives for stable and trustworthy trading conditions.
Goldwell Capital Pros and Cons:
| ✔️Pros | ❌Cons |
| trading bonuses | limited account info |
| MT4 supported | not many regulations |
| Daily market analysis |
JP Markets
JP Markets is a South African forex broker company based in Johannesburg, with operations in several countries.
JP Markets offers its clients two account types: an STP standard account and an ECN account, as well as a 200% deposit bonus and PAMM services.
A minimum deposit is not required to open an account initially but the recommended deposit is $200.
JP Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| multiple payment channels | no mainstream platforms |
| deposit bonus | not many regulations |
| educational resources provided |
Synergy FX
Synergy FX is a forex broker company based in Sydney. It was founded in 2011 and acquired by ACY Capital in September 2018.
Synergy FX provides services to traders through 20 liquidity providers, including Equinix servers in New York and Asia.
Forex trading is conducted via No Dealing Desk execution, which gives extra benefits and ability to speculate, hedge and manage risks.
Synergy FX Pros and Cons:
| ✔️Pros | ❌Cons |
| tight spreads | high minimum deposit |
| NDD execution | account info lacking |
| educational resources provided | no regulatory info |
| Metatrader 4 and 5 supported |
Core Spreads
Core Spreads was founded in 2014 and is based in London. Core Spreads is a trading name of Finsa Europe Limited, which is authorized and regulated by the Financial Conduct Authority (FCA). The FCA regulates financial services in the UK.
Core Spreads provides two trading platforms (CoreTrader 2 and MetaTrader 4) for trading CFDs, forex, gold and silver.
A minimum deposit of $10 is required to open an account with this broker.
Core Spreads Pros and Cons:
| ✔️Pros | ❌Cons |
| low minimum deposit | account info lacking |
| FCA-regulated |
Colmex Pro
Colmex Pro is an established online broker offering forex, CFDs and stocks trading with MT4, WebTrader and Colmex Pro Multitrader platforms.
Colmex Pro is regulated by the CySEC in Cyprus and the Financial Services Board in South Africa.
Colmex Pro is also a member of the Investor Compensation Fund (ICF) and offers two types of accounts: a live equities/CFDs trading account with a minimum deposit of $250; and a live forex trading account.
Colmex Pro Pros and Cons:
| ✔️Pros | ❌Cons |
| tight spreads | difficult to find account info |
| 29,000+ stocks | |
| 3,000+ CFDs |
Conclusion
With the companies presented, traders can trade Forex with 1:200 leverage or even higher.
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 1:200 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!
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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.
