15 Best Low Leverage Forex Brokers

Leveraged trading gives you more exposure to an underlying instrument in the markets by increasing the amount you enter the markets with. In this article, we review the 15 Best Low Leverage Forex Brokers and highlight the pros and cons of trading with each broker.

Many brokers offer different leverage levels and leverage can range from 1:1 to 1:3000.

By leveraging your trades with a broker, you will be trading using money borrowed from the broker, which is why this is a very risky way to trade.

We only recommend leveraged (or margin) trading to experienced traders who know how to analyse markets and economic activity for specific instruments. 

Most brokers will allow Shares, Indices, Forex pairs and sometimes Cryptocurrencies to be leveraged. 

Forex pairs usually have the highest and most flexible leverage levels, while Cryptocurrencies tend to have the lowest or no leverage at all.

Margin trading is risk, but if your trades are successful, your profit can be 10x, 20x or even 200x as much as it would have been.

It is much easier to go Short if you are leveraging your trades because you can speculate on the markets.

There are many advantages to trading leveraged instruments, but there are also drawbacks and your losses will also be much greater if you had not leveraged your trades at all. 

But if you are ready to take your trading portfolio to the next level and up your game, we recommend trading with one of these brokers.

 

Tastyworks

Tastyworks is a US-based stock exchange that offers an award-winning proprietary platform.

Tastyworks offers a variety of accounts including Joint accounts, Retirement accounts, Trusts, International accounts, Corporate accounts and Individual accounts.

If you are an active retail trader then we recommend using one of the individual accounts.

 

Tastyworks Pros and Cons:

✔️Pros	❌Cons
Commission-free trading	Inactivity fees
No minimum deposit	No swap-free account
Live research & expert insights	1 base currency
Beginner-friendly	No demo account

 

TD Ameritrade

TD Ameritrade is a beginner-friendly US stock exchange that offers a wide range of investment products and financial solutions.

TD Ameritrade offers annuity accounts, bonds, fixed income accounts, managed cash accounts, dividend accounts and lending programs.

TD Ameritrade is one of our top-rated, low-leverage brokers for beginners because this broker provides plenty of guides on trading and finance.

 

TD Ameritrade Pros and Cons:

✔️Pros	❌Cons
Financial Services Providers	1 base currency
No commission fees	No swap-free account
No minimum deposit	No trading bonus
Many account types

 

Hirose Financial

Hirose Financial is a UK-based forex broker that offers competitive spreads and commission-free trading on 50+ Forex pairs and Commodities.

Hirose Financial offers 2 types of market execution accounts and a proprietary trading platform called LIONTrader.

LIONTrader comes with 50 built-in indicators, a variety of order types and free strategies. 

 

Hirose Financial Pros and Cons:

✔️Pros	❌Cons
Investor Protection	3 base currencies
24-hour support	No swap-free account
Tight spreads	No trading bonus
Beginner-friendly	Limited product offering

 

SpreadEX

SpreadEX is a popular UK-based spread/sports betting and financial trading broker.

SpreadEX has won many awards and is regulated by the Gambling Commission and the FCA.

SpreadEX was founded in 1999 and is a great option for beginners who are interested in spread betting or sports betting.

 

SpreadEX Pros and Cons:

✔️Pros	❌Cons
No minimum deposit	No MetaTrader support
Beginner-friendly	No swap-free account
10,000+ instruments	No demo account
Low trading fees	No trading bonus

 

MEX Exchange

MEX Exchange is a beginner-friendly Australian broker that was founded in 2012.

MEX Exchange offers ECN trading conditions and 2 types of trading accounts. 

The Classic account is commission-free and offers spreads from 0.5 pips, and the ECN account has spreads from 0 pips but charges a commission fee.

 

MEX Exchange Pros and Cons:

✔️Pros	❌Cons
Access to Autochartist	No MT5
Tight spreads	No swap-free account
Forex VPS	High commission fees
Commission-free tradaing

 

LCG

LCG (London Capital Group) is a popular London-based ECN broker that offers thousands of CFDs and 60+ currency pairs.

LCG was founded in 1996 and this broker has more than 20 years of industry experience.

LCG also offers bonds, ETFs, and vanilla options from UK 100 and Germany 40.

 

LCG Pros and Cons:

✔️Pros	❌Cons
7,000+ instruments	3 base currencies
Cash rebates	No trading bonus
Low commission fees	No USA clients
Beginner-friendly apps

 

NAGA

NAGA is a beginner-friendly broker that can be used for copy trading and if you are new to trading, we recommending signing up with NAGA Learn.

NAGA Learn will teach you about the basics of trading, how to read charts and how to analyse economic activity.

NAGA has more than 1 million users and is a low-cost broker that was founded in 2015.

NAGA also has an NFT marketplace with hundreds of unique digital art collectibles.

 

NAGA Pros and Cons:

✔️Pros	❌Cons
No inactivity fees	4 base currencies
Copy trading supported	High spreads
Low trading fees	No USA clients
Trading bonuses

 

CMC Markets

CMC Markets is a London-based broker that was founded in 1989 and is listed on the London Stock Exchange. 

CMC Markets is a popular choice for CFD trading and spread betting and this broker offers more than 12,000 CFDs. 

CMC Markets also offers an award-winning app with 100% automated execution and powerful charting capabilities. 

 

CMC Markets Pros and Cons:

✔️Pros	❌Cons
300+ FX pairs	No account comparison
Tight spreads	Inactivity fees
Beginner-friendly

 

Interactive Brokers

Interactive Brokers is a low-cost broker with more than 1.9 million clients. This broker is headquartered in America and was founded in 1978.

Interactive Brokers is also a Financial Services Provided and offers variety of accounts, including Small business accounts, Hedge Funds, Institutional accounts and individual accounts.

Interactive Brokers offers money management services, investment advisory services and fund administrator services.

If you will be trading with Interactive Brokers and you’re new to trading, we recommend visiting the IB StudentTradingLab. 

 

Interactive Brokers Pros and Cons:

✔️Pros	❌Cons
7,000+ CFDs	No swap-free accounts
USA clients accepted	Low leverage cap
Beginner-friendly	No trading bonus
No inactivity fees

 

Ally Invest

Ally Invest is a popular American investment platform that offers self-directed trading accounts, automated robo trading portfolios and wealth management services.

Ally Invest offers commission-free trading on stocks, ETFs and Options and a powerful platform with advanced 117 charts, watchlists, built-in analytics and 36 drawing tools.

Ally Invest has won several awards an offers everything from trading accounts to retirementaccounts, personal loans and high-yied savings accounts. 

 

Ally Invest Pros and Cons:

✔️Pros	❌Cons
Commission-free trading	1 base currency
Tradin bonuses	No trading account comparison
Available to USA clients	No swap-free account
No inactivity fees

 

OANDA

OANDA was founded in 1996 and is based in the United States.

OANDA allows 1:50 leverage on major currency pairs and 1:20 for all other pairs.

The OANDA Pro account offers leverage as high as 1:200 but this is only available to professional traders once their application is approved.

OANDA is one of the only American brokers that offers a swap-free account and there are 2 types of live trading accounts to choose from.

 

OANDA Pros and Cons :

✔️Pros	❌Cons
Referral program	Inactivity fees
Available to USA clients	High spreads
Market analysis & news provided
Welcome bonus

 

Admirals

To celebrate its 20th anniversary, Admiral Markets rebranded itself to Admirals and is in the process of converting to a multi-functional financial provider with an improved product offering.

Admirals is regulated by the ASIC, FCA, EFSA and CySEC, and was founded in 2001 in the UK.

Admirals has received several awards over the years and offers a generous product portfolio, consisting of nearly 50 Forex pairs and more than 3,000 stocks.

Admirals offers a total of 6 account types that are designed according to the platform used and the style of trading.

 

Admirals Pros and Cons:

✔️Pros	❌Cons
Great range of research tools	Does not facilitate social and copy trading
Variety of accounts offered	Penalty fees
Negative balance protection
Good selection of educational content

 

FBS

FBS has won several awards since its inception in 2009 and is trusted by over 15 million traders from around the globe.

FBS provides services to clients from 150 international countries and based on statistics, it is believed that 1,000 accounts are opened on a daily basis.

FBS caters for all styles of trading and has designed 5 account types to specifically meet the needs of every class of trader. 

FBS encourages its clients to trade by hosting contests, offering promotions and providing special services to loyal, active traders.

FBS welcomes new traders by giving them access to a wide range of educational content, including webinars, video tutorials and trading guides.

 

FBS Pros and Cons:

✔️Pros	❌Cons
Beginner-friendly	Trading tools are lacking
6 account types to choose from	Limited services for EU clients
Supports Copy trading
Great selection of analysis tools

 

Forex.com

Forex.com was founded in 2001, operating as part of the StoneX Group, and has a total equity capital of $800 million.

Forex.com is regulated by the FCA, IIROC, CFTC and ASIC, and holds international trading licenses in multiple jurisdictions.

Forex.com offers 3 flexible account types that offer tight spreads and access to research and trading tools, market news and analysis, and a variety of educational content.

 

Forex.com Pros and Cons:

✔️Pros	❌Cons
Cash rebates for high-volume trades	Not a CySEC-regulated broker
Great range of research tools	Inactivity is penalised
Withdrawals and deposits are free

 

Pepperstone

Pepperstone is a regulated CFD and Forex broker that was founded in 2010 in Australia and is regulated by CySEC, ASIC, SCB, CMA, FCA and BaFin.

Pepperstone is trusted by more than 300,000 clients globally and processes an average of $9.2 billion on a daily basis.

Pepperstone offers one flexible account that can be used with MetaTrader 4 and 5, as well as cTrader, and it can be used to trade with more than 1,200 instruments in global markets.

Pepperstone welcomes beginners by providing a variety of helpful educational resources, including trading guides and webinars.

 

Pepperstone Pros and Cons:

✔️Pros	❌Cons
Regulated in several jurisdictions	Only one account types
Good customer service experience	Educational content is somewhat lacking
Great product portfolio

 

Conclusion

Leveraged trading is risky, but if you trade with one of our 15 Best Low Leverage Forex Brokers, the risks will be much lower.

These brokers are all highly regulated across multiple jurisdictions and have been around for many years, so there’s no need to worry about the safety of your funds.

If you will be leveraging your trades, please do so with caution and only do it if you can afford to lose 2x, 10x or 30x the amount of money you want to trade with.

We recommend developing a proper trading strategy first that clearly outlines your risk parameters and how much leverage you can afford to use without putting yourself in debt or losing all your money.

You can learn more about trading strategies here or learn how you can manage your risks here. 

 

Good luck with your trading!

 

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.