Leverage 1:100, 1:200

[CookieCutter]

Hey all,
Currently Trading on Aus platforms. Other than Blackbull Markets (based in NZ) does anyone know of any trading platforms that allows trading leverage of anything higher than 1:50 (prefer 1:100) where Australian Residents can using Aust Banks can register with?
Regards Chris

 

[divs4ever]

welcome to ASF

well Commsec will let ( selected ) customers borrow up to 75% on selected quality shares ( with other tweaks , if you hold five 'top quality companies ' ) that allow a slightly larger margin loan ratio

i can't be any more helpful because NORMALLY i resist margin loans ( but if the ASX 200 dropped close to 4000 , i would probably rethink that attitude )

cheers

 

[CookieCutter]

welcome to ASF

well Commsec will let ( selected ) customers borrow up to 75% on selected quality shares ( with other tweaks , if you hold five 'top quality companies ' ) that allow a slightly larger margin loan ratio

i can't be any more helpful because NORMALLY i resist margin loans ( but if the ASX 200 dropped close to 4000 , i would probably rethink that attitude )

cheers

Thanks for that. I currently trade pairs and the majors rather than shares (sorry as i should have mentioned this earlier)
Over the last decade both trading profits and losses have been high and I've been able to make a decent living- totally understand that with the pandemic and months leading into it (since the bitcoin/crypto bubble emerged) its brought with it a lot of new inexperienced traders who unfortunately lost a lot of capital (there have also been many who have made $$$$$$) though the losing once is what impacts our economy, families its more than the winners. Given this i understand why ASIC etc have regulated and made changes to margin, leverage etc though with my trading strategy/setup it doesn't suit what I've become used to. It def makes it more difficult to swing trade smaller amounts (day trading can still make good profits). Anyways that's my 2 cents haha

 

[peter2]

ASIC regulations apply to all Aust providers. The only way you can get the higher leverage is to qualify as a wholesale client with your FX broker.

 

[wayneL]

100/1 eh?

For me I would be looking at the statistical volatility of the underlying, including outlier events.

You know, risk of ruin and all that boring ****.

Bwtfdik.

 

[StockyGuy]

The successful, long term high leverage retail forex trader is a rare beast, if it exists. Sightings have been reported in various locations. Evidence remains scant. A lot of the footage is hoaxed. Perhaps it existed in the early days of internet trading, but is now extinct. Or maybe, like the legends speak of, some small breeding populations remain. Only the passage of time will tell...

Jokes aside, the leverage available still seems like a decent amount if you're profitable. Stay safe!