Forex Brokers for Beginners

  1. What are Forex brokers for Beginnersr?
  2. Best Forex Brokers for Beginners
  3. Is Forex trading good for beginner?
  4. Who are US Regulated Forex brokers for beginners?
  5. Forex Brokers for Beginners List

What are Forex Brokers for Beginners?

Forex Brokers for Beginners offering conditions suitable for beginning traders usually provide easy to use platform, quality education and support, and allowing to start with low deposit requirements.

To select the best Broker if you’re beginner in trading we recommend following next criteria’s. We recommend you to learn more about Forex Trading via NFA booklet.

  • The primary point is to choose a reputable Forex Broker that should be strictly regulated for money safety and transparency, otherwise allured possibilities may turn to a scam. Read the article Why Trade with FCA Brokers and read official regulatory websites alike ASIC provides through its education sources about Forex Trading.
  • Forex and CFDs are complex instruments that require good education and understanding of high risks involved. A good education is key for new traders, it’s best to take a comprehensive educational course, brokers friendly to beginners’ maintain suitable conditions and provide Free Forex Education with market insights and reviews, Seminars or Webinars, education materials, strategies overview and video tutorials along with a customer-friendly interface of the platform.
  • Choose Broker with Demo account and Test trading skills through Demo accounts with no risk in a virtual environment. It is also good to attend competitions or to interact with other more experienced traders widely available through social trading platforms, copy trading platforms or other tools.

How to choose Forex Broker for Beginners?
🏦 Good Education and researchYes
📊 Easy to Use Platform and Demo AccountYes
🔒 Transparent conditionsYes
💰 Low trading FeesYes

Best Forex Brokers for Beginners

Below you will find a listing of our Reviewed Top Forex Brokers for Beginners, We made a list with specified criteria, where all brokers below feature Professional education, research tools and a customer-friendly environment.

  • FP Markets– Best Overall Broker for Beginners 2022
  • BDSwiss– Best MT4 Broker for Beginners 2022
  • Pepperstone– Lowest Spread Broker for Beginners 2022
  • BlackBull Markets – Best Broker for Beginners in Australia 2022
  • HFM – Best for Social Trading 2022

Is Forex Trading good for Beginners?

Forex trading can be good for Beginners, however is not suitable for everyone, learn about Forex risks and complete a comprehensive education course to start trading correctly. Moreover, it is much easier for beginners to trade with a cent account.

Who are Best Forex Brokers in USA for beginners?

Check OANDA, Forex.com or Interactive Brokers beginners accounts, these brokers provide forex webinars for beginners and good support with low costs. However Interactive Brokers US might be suitable for traders who tend to be professionals.

Who are Best Forex Brokers for Beginners UK?

In UK there are many good brokers suitable for beginners and offer great learning materials with easy platform, check HotForex, IG, FXTM or Trading 212.

Forex Brokers for Beginners List

These are the recommended and suitable Forex Trading brokers for Beginning Traders:

Broker Detail
IC Markets
Min. Deposit: 200 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: cTrader, MT4, MT5
Regulation: ASIC, CySEC
IC Markets Review
OANDA vs Forex.com OANDA
Min. Deposit: no minimum deposit
Max. Leverage: 50:1
Trading Platforms: Oanda trade, MT4
Regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC
OANDA Review
Blueberry Markets logo Blueberry Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: ASIC, SCB
Blueberry Markets Review
Global GT
Min. Deposit: 5 US$
Max. Leverage: up to 1:1000
Trading Platforms: MT5, WebTrader
Regulation: FSCA, FSA
Global GT Review
OANDA US
Min. Deposit: No minimum deposit
Max. Leverage: 1:50
Trading Platforms: MT4 desktop, web and mobile, fxTrade Mobile, TradingView
Regulation: NFA
OANDA US Review
LegacyFX
Min. Deposit: 500 US$
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT5
Regulation: CySEC, FCA, BaFin, VFSC, NBRB
LegacyFX Review
ForexVox
Min. Deposit: $0
Max. Leverage: 30:1
Trading Platforms: MT4, MT4 WebTrader, FIX API
Regulation: FCA
ForexVox Review
Instaforex Review InstaForex
Min. Deposit: 0 $
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, WebTrader, MobileTrader
Regulation: CySEC, FSC BVI
InstaForex Review
Orbex Review Orbex
Min. Deposit: 200 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, MFSC
Orbex Review
STO Review STO
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, AFX Fast
Regulation: FCA, CySEC
STO Review