Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Oanda is one of the few that I believe allows you to change leverage on the fly. Meaning for your account. Most as stated previously are fixed at 50:1 for majors and 20:1 for exotics and not changeable.
IMHO - you should be looking for a broker that would allow you to lower your leverage. There was a time when some brokers (as in make you broker - think about it) offered 400:1. Quick path to blown account.
“Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.” - Dr. Seuss
I use 50:1 on Oanda. I would actually like to use greater leverage. However, I don't trust any broker that would allow it. Oanda is the only non-ecn that I trust.
D
Many have awful reputations but there are actually a few decent, regulated brokers offering 1:100, 1:200, and one even offering 1:500 depending on your account size.
