Looking for Best Forex Brokers for Beginners? Not sure who is truly regulated and safe Forex trading Broker? Or which one has best trading conditions and best for Online Forex Trading for Beginners?

We provide answers to all the questions in this article. We researched and compare good Forex Brokers beginners among regulated and reputable brokers and check their regulation status, spread & commission, the time for deposit & withdrawal and many more findings.

How to start trading Forex for Beginners

The Best way to start Forex trading for beginners is to find Step by Step Forex Trading for beginners course, book or Beginners guide to Forex trading. Beginners must stay caution, knowing the fact Forex traders lose money especially trading margin leveraged forex trading. Learn risks associated with trading before you start and see whether trading activity is suitable for you.

It is highly recommended to select good Forex Broker from regulated brokers in reputable jurisdiction for funds safety, that provide quality education and trading courses, also Demo account to check trading environment and get started deploying good Beginners strategy to Forex trading.

Follow regulatory guidance and learn about trading through official regulatory websites alike ASIC about Forex Trading.

Best Forex Trading Brokers for Beginners

To select the Best Broker with Beginners Account we research only trusted regulated Brokers and review details of license, spread and commission, trading platform, deposits and withdrawals conditions, education and customer service. Here is our List of Top Trading Brokers Beginners by category:

  • IG – Overall Best Forex broker for beginners
  • Trading212 – Broker with Best Forex Trading Tutorial for Beginners    
  • Interactive Brokers – Best USA Forex Brokers for beginners
  • OANDA – Best Trading Platform for Beginners  
  • eToro – Best Forex for Beginners with Copy Trading Broker

What makes good Forex Brokers for Beginners?

You should check 4 points that makes Forex Trading brokers for beginners a good choice, you should verify andcompare licenses, check trading conditions, see account and platform offering via Demo account, and see education and research section to learn Forex trading for Beginners.  

  • Broker Must be licensed by the respected authority like FCA in the UK or ASIC in Australia for traders safety and transparent trading
  • Provide Demo account to practice trading and learn software, also offer account types suitable trading forex for beginners with low deposit requirement with good range of instruments to ensure trading conditions are fair and easy to understand for beginners
  • Provide easy to learn and use trading platform with good charts and allow Forex trading strategies for beginners for easy navigation and use of trading platform for beginners  
  • Most important provide quality Education materials with Forex Trading for beginners PDF free ebook Forex trading tips for Beginners, online Forex trading lessons, tutorials, and better to start with Forex trading course for beginners to start correctly with good education and understanding of trading (Forex trading is complex and may not be suitable for everyone)

List of Top Forex Brokers for Beginners & Review

Here we made a list of Best Forex Trading for Beginners Brokers Review. In addition to the top 5 CFD Brokers mentioned above here is our CFD Brokers List Comparison:

Forex BrokerGood for Beginning tradersWhy they are our top picksOur Review
IGYesIG might be the best fit for beginning traders and newbies. IG is a trusted brand that offer 12 markets (most brokers 4,5), 17000+ instruments, easy to trade platform, 100+ webinars per month and amazing customer support.Visit IG site

IG review
Trading 212YesTrading 212 might be great option for best Forex trading tutorial for beginners. Trading 212 is providing the best and easiest to understand Forex trading videos tutorials available on Forex trading for Beginners YouTube.Visit Trading 212 site

Trading 212 review
Interactive BrokersYesInteractiveBrokers should be the best among US regulated Forex Brokers for beginners. IB is among respected and one of the largest Brokers USA and worldwide. Its proposal also including Interactive Brokers CFD margin trading on proprietary software with powerful tools and good guidance how to trade CFD Interactive Brokers.Visit InteractiveBrokers site  

Interactive Brokers Review
CMC MarketsYesCMC Markets might be the best fit for MT4 for Beginners. CMC Markets offers 11000 trading instruments and easy to use and engage platforms including popular MetaTrader4 with automated strategies available on web, iOS and Android ranked as one of best Forex trading software for beginners.Visit CMC Markets site

CMC Markets review
OANDAYesOANDA might be the best fit if you are looking for a great desktop trading platform for beginners. You can trade directly from 10+ chart types, customize layouts and access integrated market data and tools right on the platform.Visit OANDA site

OANDA review
AvaTradeYesAvaTrade might be good for Currency trading and is Best Forex trading App for Beginners. Traders can choose between various platforms, access professional research and numerous currency pairs with low spreads 0.9 pips for EURUSD lower than industry average of 1.2 pipsVisit AvaTrade site

AvaTrade Review
eToroYeseToro might be the best for Social Trading for Beginners. There are thousands (not hundreds – thousands) of top traders and copy trading portfolios, traders can use automated Forex Trading software for beginners with easy to use and navigate Web Platform eToro, which is the best for number top traders and transparency of trader’s performance.Visit eToro site

eToro review

More on Forex Brokers for beginners

To get started and find the suitable Forex Broker for beginners it is best to navigate categories also compare Forex Broker Reviews, and select broker available at your region also offering conditions you look for. Here we answer some common questions.

Forex Brokers USA Beginners

Looking for US Brokers Forex Beginners should check Interactive Brokers, which is one of the biggest brokerages great for professionals but suitable for beginners too with Online Forex Trading Course for beginners and great Forex trading books for beginners.

Best Forex Trading Platform UK for Beginners

To get started with best UK Forex Brokers for Beginners check brokers that offer good education and Beginners guide to Forex trading, among Forex Trading for Beginners UK see brokers CMC Markets, OANDA and City Index.  

Forex Brokers Beginners Australia

Australia traders can access good variety and competition of brokers since Australia is one of the important trading hubs worldwide, also with great regulation. Suitable for Beginners Brokers in Australia together with competitive conditions provide education, ebook, courses and tutorials, like Pepperstone.

MT4 Brokers for Beginners

There are many Forex brokers offering MT4 platforms, while suitable MT4 for beginners broker whould provide quality tutorials and education courses with good research essential for beginning traders. You may check FXTM or GO Markets.

Author of this review

By Jimmy O'Brien

Author of this review

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.

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