I don’t believe so, but most 500:1 accounts are in poorly regulated countries nowadays. There’s very few brokers I would trust with that high leverage accounts.
Oh and 500:1 leverage is a recipe for disaster fwiw.
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John (just above) is (of course) completely right
any who have, and have withdrawn their funds, have been very lucky
nobody with a substantial account (and any good sense at all) is trading it with an unregulated broker, or one regulated in an “almost-unregulated” country - they’re trading with a properly regulated brokerage, usually FCA- or ASIC-regulated
that means they’re not using anything like 1:500 leverage, because that’s (rightly, and for good reasons!) illegal in countries with proper regulation
you might want to take a big risk and start off that way, briefly, to try to grow a tiny account quickly, or whatever, with funds you don’t mind losing, but otherwise - really, really, a re-think is in order, here! 
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what sthe difference between regulated and unregulated? why aren’t they regulated? sorry 4 questions im new 
for those brokers which offers a high leverage be careful, and check their users agreement also their reputation and regulation.I don’t wanna scare you but be careful.
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they have chosen not to be, because they don’t want their customers to be protected
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What is the distinction between regulated brokers and uncontrolled brokers @NatureGirl ?
When you have a disagreement with a registered broker, the appropriate regulatory agency will act as a mediator. If you have a disagreement with an unregulated broker, the corporation will function as both the defendant and the court. You will not be assured a fair decision if you do not have any just redress.
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You’re totally right. When a broker is unregulated, it implies there is no regulating agency or group of people watching over them; in other words, they may take your money and go.
I guess some brokers modify the leverage based on the balance. Usually it can be found in their FAQ or maybe rules.
i read it but you didn explain bout unregulated brokers you jus said some positive points bout regulated ones and then conclude to not use an unregulated broker. that doesn make sense 
so why are there too many unregulated brokers which are still workin? why people workin with em?
That’s what I’m confused about too. There are good reasons not to trade with unregulated brokers but I saw unregulated brokers that a lot of people are working with them.
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You could try thinking of a forex broker as like a bank.
You must have a bank account but what would you think about opening a bank account with a bank you have never heard of, in a country you have never heard of, and whose only address is a rented office in yet another country you have never heard of.
What would make you trust them enough to send your money to them?
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ill make a topic bout this and share the link with U here
exactly this is the reason im asked that question. why should someone do that?
i am looking for high leverage too my friend
but you have to know that it is very hard to find a regulate broker with high leverage
try to search and tell me please but remember to not try unregulated broker
mayb people say they are good but it is not logic to work with them
It is common among brokers that offer high leverage. They will automatically reduce your leverage when your balance increases. Overall, try to get real people’s advice on your broker and even search for that in Google (avoid FPA; they obviously earn money for their reviews). Maybe you need to change your broker with the details you mentioned!
Oh, thank you for sharing that 
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Impressive growth ambitions! As your account grows, it’s important to consider leverage and liquidity. Traders with experience on larger accounts, please share insights on whether brokers reduce leverage limits or if you can continue trading at 1:500 leverage. Appreciate your valuable input! 
It varies from broker to broker. Some may reduce leverage as your account grows, while others may allow you to keep the same leverage. You’ll need to check with your specific broker for their policies on leverage adjustments for larger accounts.