If you’re too searching for the best forex brokers for beginners, then this guide is truly meant for you.
The first and the most crucial step of entering the financial market is choosing the best brokerage platform. And if you’re a beginner, things get even more complicated.
As the forex market is the largest financial market, there are higher chances of falling victim to scam brokers. Therefore, to trade Forex more efficiently, choosing a reliable and trusted broker becomes more crucial.
Below, we have listed the best forex brokerage platforms on the basis of their services, features, and reputation.
Top 5 Best Forex Brokers for Beginners:
Looking for the best forex brokers, take a look at our list. Compare all of them and choose the best that suits your trading needs, style, and risk appetite.
Capitalix
Capitalix, a popular CFD and Forex broker, stands at the top of our list of the 5 best forex brokers for beginners, all thanks to its top-class trading services.
Apart from Forex, the platform offers CFD trading on 150+ underlying assets. Talking about the regulations, the broker is well-regulated by the FSA – Financial Services Authority.
Additionally, the simple and user-friendly trading platforms are another reason it is best for beginners.
The broker also provides a free demo account through which new traders can practice before entering the real market.
Moreover, the spread charges are also low on this platform which starts from 0.3 pips. Other perks of choosing Capitalix are its competitive fee structure and zero commission trading.
Why Choose Capitalix?
- Commission-free Trading
- Free Demo Account
- Interactive Educational Tools, including articles, videos, and webinars
- User-friendly Platforms
- 24/5 professional Customer Support
Vantage FX
Vantage FX is an Australian CFD and Forex broker that offer services in over 100+ countries. The best thing about Vantage FX is that it is regulated by a number of global financial regulators.
The major regulators that regulate the broker include AFSL, FCA, CIMA, and VFSC. Meanwhile, a free demo account is available on the platform for beginners.
The maximum leverage available for forex trading is 500:1. Additionally, the broker offers a user-friendly MT4 platform and interactive mobile app.
Customer support is available 24/5 to answer your every query through phone number, e-mail, and live chat.
After considering all these features, it can be said that Vantage FX is one of the most ideal and best forex brokers for beginners.
Why Choose Capitalix?
- Well-Regulated
- Free Demo Trading Account
- Rich Educational Content
- Easy-to-understand Platforms
- 24/5 Customer Support
CMC Markets
With headquarters in the United Kingdom, CMC Markets is a popular and oldest financial service provider that offers to trade on shares, Forex, and CFDs.
Having been in the financial industry for years, the broker has a lot to offer to beginner traders. Additionally, the brokerage platform regulates by the Financial Conduct Authority (FSA).
The best part of trading with CMC Markets is that it offers a low fee structure and allows you to trade without worrying about minimum deposit requirements.
In addition to the advanced trading platforms, the broker also offers a free trading account for beginners so that they can get familiar with real market conditions without risking their hard-earned money.
Why Choose Capitalix?
- Tight Spreads
- Free Demo Trading Account
- Great Educational Support
- Zero Commission on Trading
- 24/5 Customer Support Team
InvestBy
InvestBy is probably one of the best forex brokers for beginners, all because of its great trading services and features.
The broker is owned and operated by TechFX LLC, a company regulated by the National Bank of the Republic of Belarus (NBRB).
Additionally, the brokerage platform offers three account types along with a free demo trading account. As a result, you can experience the real market conditions without worrying about losing real money.
On the other hand, the commission charges on InvestBy are Zero, and users are charged tight spreads, which start from 0.3 pips.
Meanwhile, beginners can access the trading articles, assets hub, trading courses, trading seminars, etc., to enhance their trading knowledge.
Why Choose Capitalix?
- Tight Spreads start from 0.3 pips
- Free Demo Account
- One-Click Access to Educational Resources
- Zero Commission on Trading
- 24/5 Customer Support
PrimeFin
The last one on our list of 5 best forex brokers for beginners is PrimeFin, an award-winning broker. You will be surprised to know that PrimeFin also sponsors Argentine Football Team.
Additionally, the broker is well regulated by the Labuan Financial Services Authority (LFSA). Along with three trading accounts, the broker offers a demo account for beginners.
Through this account, they can test out the new trading strategies before employing them in your real trades. Meanwhile, the account opening process of PrimeFin is quite straightforward and hassle-free.
The zero commission and low fee structure are some features that make PrimeFin a market maker. At the same time, you can also enhance your trading knowledge through educational content available on the platform.
Why Choose Capitalix?
- Quick and Hassle-free Account Opening Process
- Free Demo Account
- Access to Educational Resources
- Zero Commission
- 24/5 Customer Support
Bottom Line
Above, we have discussed the 5 best forex brokers for beginners. In our opinion, these brokers are the best in every aspect, including fee structure, trading platforms, services, etc.
So, if you’re a beginner and looking for the best forex broker, then you can choose between these top brokers. We have listed all the features of these brokers above. So, compare them and choose the best.
