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The Best Leverage Trading Crypto Brokers in Australia

Written By
Updated
September, 2023

Leverage trading has become a popular strategy among traders who want to increase their exposure to the market without putting up the full amount of capital required. By borrowing funds from a broker, traders can trade larger positions, leading to greater profits. However, leverage trading also carries the risk of greater losses if not done correctly.


 


Choosing a platform that offers high security, reliability, and user-friendliness is crucial for successful leverage trading in crypto. In this article, we will take an in-depth look at three of the best platforms available today and compare their features such as low fees, a wide range of cryptocurrencies available for leverage trading, and advanced trading tools.

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The Top Rated Leverage Trading Crypto Brokers

Leverage trading has become increasingly popular among cryptocurrency traders who seek to amplify their potential profits by using borrowed funds to increase their trading positions. However, finding a reliable and trustworthy leverage trading crypto broker can be a daunting task, especially with the proliferation of online brokers in the market. 

In this section, we will explore some of the best leverage trading crypto brokers that offer competitive trading conditions, user-friendly platforms, and robust security measures to ensure a safe and seamless trading experience. Whether you are a seasoned trader or a beginner looking to enter the exciting world of leverage trading, this guide will help you choose the right broker that suits your trading needs and preferences.

  • Pepperstone: Pepperstone is a well-regarded broker that offers a wide range of trading instruments, including 70+ cryptocurrencies, making it an attractive option for traders interested in crypto. Pepperstone provides a choice of MetaTrader 4 or 5 trading platforms, which are popular among traders due to their user-friendly interface and advanced charting capabilities. Pepperstone also offers competitive pricing with tight spreads and low commissions, making it a cost-effective option for traders. Additionally, the broker provides excellent customer support with 24/5 live chat and phone support, as well as email and online form options. Pepperstone offers leverage of up to 30:1 for forex in ASIC, 30:1 in our DFSA jurisdiction, 200:1 in our SCB jurisdiction and 30:1 in our FCA jurisdiction
  • FXCM Australia: FXCM Australia is another popular broker that offers a range of trading instruments, including cryptocurrencies. FXCM’s trading platform is user-friendly and intuitive, making it a great option for traders of all levels of experience. FXCM also offers a range of educational resources, including webinars and market research, to help traders stay up-to-date with market trends and make informed trading decisions. The broker provides competitive pricing with tight spreads and no commission fees, making it an affordable option for traders. Additionally, FXCM provides customer support via phone, email, and live chat. FXCM AU offers different leverage for different tradeable instruments.
  • Plus500AU Pty Ltd: Plus500AU Pty Ltd is a well-established broker that offers a wide range of trading instruments, including cryptocurrencies. Plus500’s trading platform is user-friendly and offers advanced charting tools and technical analysis features, making it a great option for traders of all levels of experience. Plus500 also offers competitive pricing with tight spreads and no commission fees, making it an affordable option for traders. Additionally, Plus500 provides customer support via phone and email, and the broker is regulated by ASIC, ensuring that traders’ funds are protected. The leverage for cryptocurrency trading at Plus500 is 1:2. Plus500 offers traders cryptocurrency CFD trading on the top 12 cryptocurrencies.

Factors to Consider When Choosing a Leverage Trading Crypto Broker

When it comes to choosing a leverage trading crypto broker, there are several crucial factors that traders must consider to ensure a safe and seamless trading experience. 

In this section, we will explore some key factors that traders should keep in mind when selecting a broker, such as regulation and compliance, trading fees and commissions, available trading platforms and tools, customer support, and security measures. By understanding these factors and how they impact your trading experience, you can make informed decisions and choose a broker that best meets your needs and preferences. So, let’s dive in and take a closer look at these important factors.

  • Regulation and Compliance: It is crucial to choose a broker that is regulated and compliant with relevant laws and regulations. A regulated broker is subject to regular audits and oversight, which helps to ensure the safety of your funds and the integrity of the trading platform.
  • Trading Fees and Commissions: Leverage trading crypto brokers charge fees and commissions for their services, so it’s essential to consider these costs when selecting a broker. You should compare fees and commissions across different brokers to find the most cost-effective option that meets your trading needs.
  • Available Trading Platforms and Tools: Different brokers offer different trading platforms and tools that can significantly impact your trading experience. You should look for a broker that provides a user-friendly and intuitive trading platform, along with access to useful trading tools such as technical analysis indicators, real-time data, and risk management features.
  • Customer Support: The quality and availability of customer support can make a significant difference when choosing a leverage trading crypto broker. You should look for a broker that provides responsive and knowledgeable customer support through multiple channels, such as phone, email, and live chat.
  • Security Measures: Since crypto trading involves significant risks, it’s crucial to choose a broker that provides robust security measures to protect your funds and personal information. Look for a broker that uses advanced encryption technology, two-factor authentication, and other security protocols to ensure the safety of your account.

By considering these factors when choosing a leverage trading crypto broker, you can make a well-informed decision that suits your trading needs and preferences.

FAQ

  • What is leverage trading?

Leverage trading involves borrowing funds to amplify your trading positions and potential profits. With leverage trading, you can open larger positions than your account balance would allow, but it also increases your risk exposure.

  • Why should I consider a leverage trading crypto broker?

Leverage trading crypto brokers offer traders the ability to amplify their potential profits by using borrowed funds to increase their trading positions. However, it’s important to choose a reputable and trustworthy broker that offers competitive trading conditions and robust security measures.

  • What should I look for in a leverage trading crypto broker?

When selecting a leverage trading crypto broker, you should consider factors such as regulation and compliance, trading fees and commissions, available trading platforms and tools, customer support, and security measures.

  • What kind of trading fees and commissions should I expect from a leverage trading crypto broker?

Leverage trading crypto brokers typically charge fees and commissions for their services, such as spread fees, overnight swap fees, and funding fees. You should compare these costs across different brokers to find the most cost-effective option that meets your trading needs.

  • How do I manage my risk when leverage trading?

Risk management is crucial when leverage trading, as it amplifies your potential losses as well as your profits. You can use strategies such as stop-loss orders, position sizing, and risk-reward ratios to manage your risk and limit your losses.

  • What are some tips for successful leverage trading?

Some essential tips for successful leverage trading include developing a solid trading strategy, using risk management techniques, staying up-to-date on market news and trends, using technical and fundamental analysis, and maintaining a disciplined trading approach.