No, sorry - it doesn’t depend on that at all.
This is dangerously bad advice.
Either the broker is properly regulated, or it isn’t.
In America, properly regulated brokers aren’t allowed to offer more than 1:50 leverage. Throughout the rest of the world, it’s 1:30.
A “broker” offering 1:2000 or 1:500 or even 1:100 leverage cannot, by definition, be properly regulated.
Absolutely no disrespect intended, @asyrafjumlan , but it will really help you to read carefully all the links kindly and helpfully posted above, rather than repeating whatever marketing misinformation you’ve seen somewhere.