How do you choose a broker for your country?

Your location decides which brokers can take you, which entity they'll assign you to, and what leverage and protections apply. The broker your favourite YouTuber uses may not even be legal where you live.

How do you choose a broker for your country? — leverage and margin diagram
Leverage: a small margin controlling a larger position

Share (region-level detail only):

  • your region and the regulators you look for
  • how you filter brokers that accept local clients
  • the payment methods that actually work for you
How do you choose a broker for your country? — support and resistance diagram
Price bouncing between support and resistance

The leverage limits guide lists the rules by region.

Background: Leverage limits for retail traders in the EU, UK, Australia, Japan and the US

Regulators cap how much leverage brokers can give retail clients. The limits by market and region, and what professional status changes.

What is the maximum forex leverage in the EU and UK?

30:1 on major currency pairs for retail clients, 20:1 on other pairs, gold and major indices, and lower limits for other markets.

What leverage can US forex traders use?

Up to 50:1 on major currency pairs and 20:1 on other pairs, under CFTC and NFA rules.

Read the full guide

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