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IMHO, everyone have different preference so high leverage can be bad or good depends on the persons strategy.
if you properly manage your position and P/L than high leverage is good but if you dont it is not.
so unless the regulatory in each country thinks the retail can't understand managing your position is must for high leverage, regulatory can (ie, japan regulatory) band it for retail broker.
so its usefull high leverage after all? it blows your account or not?
What blows your account, is your trading style/strategy.
Use low risk lot size, use low risk strategy --> survive this market and earn!