If you are a newbie that has demo account experience and is looking for live trading experience, it is best to start with lower leverage, such as 30:1, to avoid high risk and losses.
I also thing 500 leverage is good, means you pay less per lot ,but keep lots small because if it goes against you and you did not use stoploss you wipe account
It is preferable to start with a lesser leverage, like 30:1, if you are a beginner with demo account experience who is searching for live trading experience, to prevent large risk and losses.