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So, you are interested in trading cryptocurrencies. Did you know that there are many top forex brokers that are also high leverage crypto brokers?
That is indeed the case. In fact, from the top 10 best forex brokers, you will find several listed below that also offer high leverage on cryptocurrencies.
Here we will guide you through what is available from who, and also keep you well informed about the potential risks and offer some tips to make sure you are fully protected when trading crypto with high leverage.
Let’s take a closer look.
Table of contents
High Leverage Crypto Brokers: List 2021
Below is our selection of the best high leverage crypto brokers we have found for 2021:
Round-up of the Best High Leverage Crypto Brokers
In the table below you will find a handy comparison of each key feature from our high leverage crypto brokers.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money
|Minimum Deposit||Maximum Crypto Leverage||Regulation that accepts this leverage|
|AvaTrade||$100||25:1||BVI, FSCA, FSA|
*The maximum leverage offered by eToro is 2:1 for traders under ASIC and CySEC, according to the rules of these bodies. Remember that leveraged crypto trading is a risky activity and should be done carefully and thoughtfully
High Leverage Crypto Brokers: What is Crypto Leverage Trading?
Crypto leverage, just like other forms of leveraged trading, essentially enables you to open larger positions in a cryptocurrency or other asset, with a smaller amount in your balance. These extra funds are in essence borrowed from the broker.
What are Leverage and Margin?
As mentioned above, leverage is the borrowed funds from your broker that allow you to open up positions much larger than your actual balance. This gives you greater buying power and the possibility to hold larger positions.
Employing leverage can only be done in this way when you are trading CFDs and you will find the leverage allowed is indicated by a number such as 10:1, 20:1, etc. What this means is, on a $1,000 balance if you have 10:1 leverage, you will be able to open a position worth $10,000.
This is offered by many brokers in all assets including forex. If you’re interested in brokers that offer high leverage, check our high leverage forex brokers top ten.
Then there is margin. This is related to leverage and refers to the amount as a percentage that you need to keep in your account for a leveraged position to remain open. For example, opening a $1000 position at 10:1 leverage would require a $100 margin amount, or 10%.
Why Crypto Leveraged Trading May not be a wise choice
As with any form of trading, there are certainly risks involved. This is highlighted even more in trading crypto where market volatility can be very high. Trading on leverage amplifies this volatility even further since your position size is increased.
That is why, particularly in the EU and Australia, the maximum leverage you will find available on cryptos is 2:1. If you have no experience or do not have the correct risk management tools in place, trading crypto on leverage can wipe you out quickly. Be careful.
CFD crypto: Tips to start trading with crypto leverage
If you want to trade crypto CFDs with high leverage then you do need to be mindful of both sides. Sure, the potential profits can be larger, but so can the losses. This is why it is vital you get to know the market and have a good risk management strategy in place.
There comes your broker features like top regulation, negative balance protection, low fees, spreads, and great customer support to help out.
If you want to know more, you can always check our best forex brokers cryptocurrency top ten before making your broker choice.
A final point would be to make sure you try out a demo account first. These are offered by almost all top brokers and give you a good chance to hone your skills, risk-free.
High Leverage Crypto Brokers- FAQs
Where can I trade Crypto with leverage?
You can trade crypto leveraged assets through exchanges and brokers. It’s overall a better idea to trade crypto as CFDs with brokers because they offer a safer trading environment and good trading conditions that are better regulated than exchanges.
Can I buy Bitcoin with leverage?
Yes, you can. But the availability and amount of leverage available will depend on the broker and on the regulation you’re trading under.
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