Offshore forex broker FBS said on Tuesday it has allowed its clients using Micro and Standard accounts to trade with leverage as high as 3,000:1. The broker said this is the highest leverage rate available on the forex market.
This means that FBS clients can trade with a buying power 3000 times higher than their investment.
FSB offers five types of accounts – Cent, Micro, Standard, Zero spreads, and Unlimited. The lowest maximum leverate the broker offers for its five accounts is 500:1. More details about FBS’s trading conditions for the five account types follow:
Levarage is a type of virtual borrowing that traders can get from brokers. It allows ivestors to operate with higher amounts and to increase their profit. High leverage presents wider trading opportunities, but it also presents higher risk.
Forex brokers usually don’t provide such high leverage rates. Usually, leverage of about 1,000:1 is considered quite high. There is a single other broker, FxGlory, that also offers a leverage of 3,000:1 for trading in all instruments available by the broker.
FBS is a trading brand of FBS Markets. The broker offers forex trading services in more than 120 countries worldwide. It opened its latest office in Thailand last month, its third in the country.
It is regulated by the International Financial Services Commission (IFSC) of Belize and is a member of the Russian self-regulatory organization Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN).
According to the broker’s website, more than 600 trading and partner accounts are opened at FBS daily.
Belize is known as an offshore destination for forex brokers.