well if you have big capital then you can afford to have small leverages like 1:20 or even 1:5. but with 100$ it is really foolish not to take advantages of high leverage. your account wont have a chance then to profit.
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use of high leverage is not necessarily bad for traders who are able to maximize profit by using the maximum lots too, but this is very risky when there is reversal in the price of a pip only
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high leverage is very dangerous for our trade and to our account, because when we experience emotions and greed, then we will open up a position with a volume exceeding our capital.