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kennis2244
Within 1 year

Could you tell me what the highest leverage is that Test Flight(test) provides for major forex pairs, and how this leverage differs for other asset types?

Broker Issues
Test Flight(test)
Account
Platform
Instruments
Leverage
08-24
United States
WikiFX
Reply

Based on my deep dive into Test Flight(test) as an independent trader, I noticed that their stated maximum leverage is 1:50. In my experience, when a broker offers a leverage cap of 50:1, this often applies specifically to major forex pairs since those are typically considered less volatile and thus less risky from a broker’s risk management perspective. However, it’s important to note that the information provided didn't clarify if this leverage changes for other asset classes like commodities or indices. From my own dealings with brokers of similar profiles, regulators such as ASIC—under which Test Flight(test) claims to be regulated in Australia—generally require lower leverage for CFDs on equities, commodities, or indices than for forex majors, often going down to 20:1 or even lower. Given Test Flight(test)’s offshore presence in Saint Vincent and the Grenadines and its labeling as a market maker, I am particularly cautious. Offshore registration may sometimes allow for higher leverage on non-forex instruments, but the absence of clear, transparent details around leverage by asset type is a significant consideration for me, as regulatory requirements and actual practices can differ. I personally would not assume uniform leverage across all assets unless explicitly confirmed and would take extra steps to verify these specifics directly with the broker prior to trading, especially given the highlighted medium potential risk and user feedback surrounding withdrawal challenges.

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