Without leverage, Forex trading is simply not accessible to most traders. A trader's bottom line is directly affected by changes in the price of an asset when trading forex without leverage. A trader can generate an average monthly return of 10%. It is actually possible to earn more than 3% a month in reality.

However, marginal trading is already included in this figure. The average Forex trader would make between 0.3 and 0.5% a month without leverage. The amount may be sufficient for some Forex traders, but not for all. Trading without leverage has the biggest drawback of requiring substantial trading capital. Conversely, currency trading without leverage exposes you to fewer risks.

The absence of leverage, however, does not mean that there are no risks involved. Here is an example of 'No-leverage trading'. For example, let's say you deposit 10,000 USD and earn 5% per month. Your monthly income would only be 500 USD, and that's before taxes. With a 9-to-5 job, you could probably make the same amount of money without risking your capital.