I haven't trade FX in years and back then I had a 200:1 account, you could even go as high as 400:1 leverage. Can you not get that leverage anymore? What is the max leverage these days for USA or Canadian accounts? I know a few years ago some big changes were made with the FX accounts.
Depending on the account type, my broker offers leverage as follow: 1:500, 1:200, and 1:100. Those leverage is equivalent to Classic Account, ECN Blade Account and Elite Account and Prime Account, respectively. And I think, it is applicable anywhere since my broker is global.
kind of interesting... leverage is a double edge sword.. if u r wrong.. u will blow up. at lightning speed. .. someone I know was asking me -he wanted to go long USDJPY.. and will bet 10K.. his bet in 2014. -is 10% depreciation. calculations and 1:100. if there is a 1% downside swing, he is liquidated.. so he said he will use 1:10 only.. so even if there is a 10% swing he will survive.. but this is not trading.. just buy and hold.. i dont know about how he will manage rollover settlement. etc..
I think if you live in the UK or Australia, you can still have access to 400:1 leverage via FXCM. US citizens/residents cannot use more than 50:1 leverage however, regardless of their geographical location.
leverage isn't necessarily a double edged sword. add to winners and move the stoploss to increasingly better levels than your entry price. with a strong trend you could build massive, massive positions ..