FBS, the Belize-registered Forex broker, today announced a double increase in the level of leverage it offers – now the maximum is at 1:1000, which permits traders to boost their power on the FX market even more.
The change applies to Micro and Standard accounts, while owners of Unlimited accounts will have to be satisfied with maximum leverage of 1:500. You can change your leverage on an FBS account
here.
The level of leverage that FBS now offers is quite high, as you have perhaps noticed. I'll give you a simple example so that you can see how this translates into practical terms. Say you open a Micro account with the broker and you pump $5 into your account, as that's the minimum deposit required for this type of accounts. Thanks to the 1:1000 leverage, you can now trade with $5,000, which means that you have VIRTUAL CAPITAL of $4,995 from FBS. Pay attention to the fact that you cannot withdraw the virtual capital, you can simply use it to open bigger positions and thus make most out of your FX trades.
Let's mention here that the Micro accounts are particularly suitable for newbies, as they allow trading with micro lots (0.01 of the standard lot), while Standard ones are also attractive as they allow trading with mini lots (0.1 of the standard lot). The spreads on both types of accounts are rather tight – floating and starting at mere 1 pip.
Thanks to the latest increase in leverage levels, FBS now stands out amid FX brokers, as most of them are more humble in their offerings in this respect. You can see our
list of brokers with maximum leverage of 1:500 for a quick comparison.
Among the most aggressive FX brokers in terms of leverage, we can mention
EXNESS, which enhances the trading power of owners of mini accounts 2,000 times. And, of course, there is FXGlory, with the excessive 1:3000 leverage.
Be careful, though, as all leveraged products carry great risks: if you choose to be a mighty trader, you should also be a mighty thinker.
About FBS
FBS is a global forex brokerage house that provides investment services to international customers. The broker offers STP/ECN execution, tight fixed and variable spreads and professional customer support.
At FBS, traders can sign up for three different account types: micro, standard and ECN/STP. The platform supported by the broker is Metatrader 4 (MT4).