Best Forex Brokers & Trading Platforms for Beginners

We don't recommend trading to absolute beginners as it is more akin to gambling than anything approaching a profitable investment. Real trading takes time, patience and skill - we have several guides on getting started on our website, but patience, practice and planning play an important vital part to success in trading.

Presuming you've done your homework and you now feel ready to trade, what makes a forex broker suitable for a novice trader? Of course those that offer demo accounts and no deposit bonuses are great - but a learning trader needs the right combination of an easy to use interface, a supportive environment that offers simplicity but also the flexibility and power to use more complex tools as their skills develop. Beginners should also consider copy trading brokers such as etoro, Tradeo and others - while a new discipline it shows promise as a way of keeping trading simple , though it is still vital to do your own homework when choosing who to place your trust - and your trades - with.

Forex trading provides an opportunity to people who are interested in supplementing or replacing their income. It is imperative for novices to work with brokers who specialize in working with beginners. 

The Best Forex Brokers + Trading Platforms

Rating Bonus Description Minimum Deposit Regulation Visit
5
  • Choice of two professional trading platforms – TraderPro and MT4
  • Free trading course for deposits over £1,000
  • Choice of Forex, CFDs, Spread Betting and Cryptocurrencies

€100

FCA

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ETX Capital Review
5
No deposit
£20
+ Up to £6000 on deposits
  • No commissions and low spreads
  • Advanced trading tools
  • Minimal account fees

€100

FCA,

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Plus500 Review
5
  • The leading Social Trading platform with 4.5m traders
  • Follow other traders or be a leader
  • Personal service and VIP perks

$200

FCA,

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eToro Review
Risk Warning: Your capital is at risk
5
  • Tight spreads without commissions
  • Advanced charting tools

$100

CySec

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Markets.com Review
5
No Deposit
£25
+Deposit Bonus
  • Free forex signals + market research
  • Online education and webinars
  • Fee free withdrawals and deposits

$5

CySEC

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XM Review
4.5
  • Stylish & Powerful Platform
  • Trade Bitcoin + 12 Other Top Cryptocurrencies
  • Plus Forex, Options, Stocks & ETF Trading

$10

IQ

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IQOption Review
Risk Warning: Your capital is at risk
4.5
Deposit Bonus
10%
+ Cash rebates on trades
  • World class trading platform
  • Expert market analysis
  • FCA Regulated and traded on the LSE

0

FSA

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LCG (London Capital Group) Review
4.5
Sign Up Bonus
$25
+50% Deposit Bonus (ex-EU only)
  • Free Guaranteed Stop Loss
  • Segregated funds at top tier banks
  • Fixed spreads & negative balance protection

$100

ASIC

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Easy Markets Review
4.5
Up to
50%
Deposit Bonus
  • Trusted, regulated broker with 10 yrs experience
  • Multi award winning company
  • Segregated accounts with leading banks

$100

Visit Broker
AVATrade Review
4
No deposit
$123
+100% on every deposit
  • Split second execution
  • No requotes
  • Range of accounts

$5

IFSC

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FBS Markets. Review
3.5
No Deposit Up To
$100
+55% Deposit Bonus
  • 'Asia's top broker'
  • Wide choice of leverage options

$1

RAFMM

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InstaForex Review
3.5
Up to
50%
Deposit Bonus
  • Instant fund withdrawals - no commissions
  • Tight spreads from 0.1 points
  • Unlimited leverage

-

FDR (

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EXNESS (NZ) Ltd. Review
3.5
Super Charged
100%
Deposit Bonus
  • 8 Trading Platforms
  • Spreads from 0.1 Pips
  • $0 fees on deposits

$5

FSC

Visit Broker
HF Markets Ltd. (HotForex) Review
3
Up to
100%
Deposit Bonus + Cashback
  • Trusted by 100,000s of traders
  • Fully licensed in the EU by CySec
  • Tight spreads and fast withdrawals

$100

FSC

Visit Broker
FXPrimus Review
English

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Forex Brokers....

Risk Warning

Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss.  The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.

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