What is the typical leverage offered by Forex brokers in Australia?

By Admin / Feb 04, 2024

In Australia, the typical leverage offered by Forex brokers varies depending on the broker and the account type. However, as per the regulatory requirements of the Australian Securities and Investments Commission (ASIC), the maximum leverage that can be offered to retail Forex traders in Australia is 30:1 for major currency pairs and 20:1 for non-major currency pairs.

Some brokers may offer lower leverage, while others may offer higher leverage to professional traders who meet certain requirements. Professional traders are typically required to demonstrate their knowledge, experience, and financial resources to qualify for higher leverage.

It’s worth noting that while leverage can amplify profits, it also amplifies losses, and traders should be aware of the risks involved in trading with high leverage. It’s recommended that traders have a solid understanding of risk management techniques and use appropriate risk management strategies when trading with leverage.