I'm a beginner in forex and am looking for a good broker with a leverage of 30:1 and either ASIC or FCA regulations with good customer service. Any recommendations?
There are several high-leverage brokers, but it is better to choose regulated brokers like CMC or FP Markets. They provide a higher leverage of 500:1 with regulations from ASIC or CYSEC.
For good leverage range you can try these few: Fxview, Tickmill and Hotforex. They all provide upto 500x leverage. But I would recommend to trade with lower levels of leverage to limit the risk exposure.
Some offshore brokers will provide leverage upto 3000:1 but I’d never recommend it since it can be really risky and blow your account within seconds. I get 500:1 with Aaafx but I still think it’s very high and traders should never exceed, no matter how confident they are about their skills. Plus, make sure that your broker offers NBP and is regulated.
ASIC-regulated brokers do not provide high leverage. ASIC capped leverage a while ago at 1:30, I believe, and only a few days ago extended that restriction to 2027.
In order to get to know about some other brokers, I would suggest having a look at this thread: https://www.elitetrader.com/et/threads/list-of-best-regulated-brokers.362682/page-8 It has a pretty good collection of regulated brokers providing good leverage.
if you want really high leverage then Aximtrade offer up to 1:3000, so far trading with them seem fine and withdrawal wasn't a problem so maybe check their aximtrade review out if you are interested.