I'm a big fan of high leverage. Of course, it increases your risk. That's why you must use proper risk management so you don't drain your account on one trade. You can drain your account at 20:1 leverage if you make lousy trades and use poor risk management. As a very small time investor, I rely on using the brokers money to increase my ability to make money. The more leverage the better!!! The highest I've seen is 3000:1.
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Forex Risk Warning: Due to leverage, Forex comes with a high risk of losing money. Eighty to 90 percent of Forex traders lose money. You should not invest money that you cannot afford to lose.