In reply to 192640. If you are an Australian resident you are restricted under australian law to a maximum of 1:30 leverage. Period. No exceptions unless you qualify as a sophisticated investor which clearly you do not. Running waka waka on a small leveraged account of 1:30 with on 4000aud is almost pointless. You would be trading micro lots, and waka waka will be chasing 3 to 10 pip wins. You will be lucky to make 5$ per day.
sovereignalgotrader