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Searching High leverage brokers!

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Hello everyone!

I am trying to understand how you guys perceive high-leverage forex brokers. Does the amount of leverage an fx firm offers play any role in your perception of them?
Do you consider brokers offering high leverage (e.g., 1:500 - 1:1000-1:3000) scammers or more likely to scam you? For instance, let us say a broker has been offering 1:50 - 1:100 leverage for years, and suddenly, they introduce 1:500 or even more. What would you think of that? Does this raise any red flags at all?

The reason I am asking these questions is this. The only brokers who offer this type of leverage are based out of offshore jurisdictions with very light or absent regulatory regimes. When they introduce high-caliber leverage, I think they primarily target small account clients. Giving high leverage to someone with a relatively big account size would reduce the broker's ability to hedge their risk. So, my theory is that when a broker introduces high leverage, they start targeting smaller clients. Can this be a signal that there is something wrong with them and it is time to withdraw funds from them? What do you think?
I think your concerns are justified.
the more leverage the broker offers, the more carefully you need to look at his reputation.
There are many legit brokers that offer high leverage I guess it is normal practice. It's upon you to use it or trade conservatively (or take moderate risk like using 1:100 leverage). I would rather focus on spreads or execution speed.
Often a large leverage is offered for micro and mini accounts with a limit on the maximum balance on the trading account. If the balance exceeds the limits, the broker changes the account type and reduces the leverage.
With leverage like 500:1, you can wipe out your account in a matter of minutes.
Before the new rules years ago, brokers were offering leverage 100:1 and it was more than enough.
I don’t find 1:500 high leverage. It’s reasonable and moderate. For me higher leverages start with 1:1000. They require smaller margin and seduce beginners with higher profits. I don’t recommend going higher then 1:500. 1:300 would be even better if you can afford such margin.
With leverage like 500:1, you can wipe out your account in a matter of minutes.
Before the new rules years ago, brokers were offering leverage 100:1 and it was more than enough.
The account is wipe not by the size of the leverage, but by the incorrectly calculated volume of the trades to the balance.
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