Leverage is very important for online trading. Without leverage traders like us won't be able to be trade. To open a .01 lot trade, one needs 1000$. Everyday a currency pair moves in a fraction in decimal. Without leverage good profit is not possible.The broker would like to have the following qualities:
1. Leverage 1 : 500
2.Tight Spread
3. NO Hidden Charge
4. Quick ID Verification Process