Global Broker Regulation Inquiry App
WikiFX
maseko 
1-2 years
What leverage does BESTONFX offer?
Broker Issues
Instruments
Account
Leverage
Platform
05-08
United States
WikiFX
Reply
BESTONFX offers leverage up to 1:500, which is quite high and allows me to control larger positions with a smaller amount of capital. While this is an advantage for traders who like to use leverage, such as myself, it also comes with significant risks. High leverage can magnify both potential profits and losses. As I’ve learned from experience, I need to use leverage responsibly and ensure that my risk management strategies are in place before using it. Even though the leverage offers a chance to increase profits, it could also lead to substantial losses, so I’d be cautious when using such high leverage.
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