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

Our Rating Description Minimum Deposit Regulation Visit
5
  • Free forex signals + market research
  • Online education and webinars
  • Fee free withdrawals and deposits

$5

CySEC, FSP, ASIC

Visit Broker
XM Review
Risk Warning: Your capital may be at risk
5
  • The leading Social Trading platform with 4.5m traders
  • Follow other traders or be a leader
  • Personal service and VIP perks

$200

FCA, CySec, ASIC

Visit Broker
eToro Review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
5
  • No commissions and low spreads
  • Advanced trading tools
  • Minimal account fees

€100

FCA, CySec :

Visit Broker
Plus500 Review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4.5
  • Stylish & Powerful Platform
  • Trade Bitcoin + 12 Other Top Cryptocurrencies
  • Plus Forex, Options, Stocks & ETF Trading

$10

CySec

Visit Broker
IQOption Review
Risk Warning: Your capital may be at risk
4.5
  • Free Guaranteed Stop Loss
  • Segregated funds at top tier banks
  • Fixed spreads & negative balance protection

$100

ASIC, CySEC

Visit Broker
Easy Markets Review
Risk Warning: Your capital may be at risk
4.5
  • Trusted, regulated broker with 10 yrs experience
  • Multi award winning company
  • Segregated accounts with leading banks

$100

Central Bank of

Visit Broker
AVATrade Review
Risk Warning: Your capital may be at risk
4.5
  • World class trading platform
  • Expert market analysis
  • FCA Regulated and traded on the LSE

0

FSA

Visit Broker
LCG (London Capital Group) Review
Risk Warning: Your capital may be at risk
4
  • 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

Visit Broker
ETX Capital Review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4
  • Tight spreads without commissions
  • Advanced charting tools

$100

CySec

Visit Broker
Markets.com Review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4
  • Split second execution
  • No requotes
  • Range of accounts

$5

IFSC

Visit Broker
FBS Markets. Review
Risk Warning: Your capital may be at risk
3.5
  • 'Asia's top broker'
  • Wide choice of leverage options

$1

RAFMM, The Federal

Visit Broker
InstaForex Review
Risk Warning: Your capital may be at risk
3.5
  • Instant fund withdrawals - no commissions
  • Tight spreads from 0.1 points
  • Unlimited leverage

-

FDR (NZ), CySEC

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EXNESS (NZ) Ltd. Review
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3.5
  • 8 Trading Platforms
  • Spreads from 0.1 Pips
  • $0 fees on deposits

$5

FSC & CySEC

Visit Broker
HF Markets Ltd. (HotForex) Review
Risk Warning: Your capital may be at risk
3
  • Trusted by 100,000s of traders
  • Fully licensed in the EU by CySec
  • Tight spreads and fast withdrawals

$100

FSC Mauritius

Visit Broker
FXPrimus Review
Risk Warning: Your capital may be at risk
2

10

Visit Broker
OLYMP TRADE Review
Risk Warning: Your capital may be at risk
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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Forex Trading.Company was established to provide global traders a deep and insightful source of information on forex trading strategies and indicators. With guides for everyone from beginner traders in Bangladesh to advanced strategists in Hong Kong we want the world trading community to benefit from our in-depth broker comparison + reviews, features, and commentary. We list the world's top regulated and authorised brokers suitable for a global audience.

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