What is the BEST leverage to use when trading on this platform?

asked by Pralop T. on 12/2/23

1 Answer
Thumbnail of user okeidk

Depends on which account type you are talking about. Fxcess has two account options to choose from, the Classic and the ECN account type. The first one comes with a flexible leverage up to 1:1000, and the second one with 1:500. In both cases, this leverage ratio is quite generous.
Trading with a large leverage is considered risky, and if you are not an experienced trader and are still in the process of improving your risk-management strategy, I would advise you to trade with a low leverage. I trade with a 1:200 ratio. Even this amount is considered relatively high by conservative traders but with the size of my account, which is not significant, with this leverage, I can build up my account and make decent profits.

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