​Best Forex Brokers for ​​Beginners

#1 Best ​beginner broker

  • Largest selection of currency pairs
  • ​Regulated in​ major markets & listed in UK
  • ​Powerful charts & pattern tools

#2 Best ​beginner broker

  • ​Web based Platform
  • Publicly traded and licensed
  • Broad range of markets

#3 Best ​beginner broker

  • Plus500 is in fact a CFD broker
  • Competitive Forex spreads
  • Regulated in multiple major markets 

76.4% of retail CFD accounts lose money

​Etoro - #1 best ​Beginner broker

  • ​Has the ability to do social trading (copy professionals) which is perfect for beginners!
  • ​Competitive commissions and fees.
  • ​Excellent customer service (less than one minute to service)
  • Excellent research both in house and third party.

​Forex.com - #2 best Beginner broker

  • Industry Leading In-App Research
  • Low trading fees
  • Platform is highly intuitive and customizable.

​​Plus500 - #​3 best ​Beginner broker

  • ​​Next generation HTML5 trading program, super fast and reliable.
  • ​Competitive commissions and fees.
  • ​​Great customer service (less than one minute to service)
  • ​Nice research ​offering Insights News, ​Plus500 markets blog and its own print magazine.


Best Forex Brokers for Beginners

Choosing the absolute best broker for your needs as a beginner can be the difference between a long and profitable trading career and crashing and burning within the first few weeks.

But if you’re starting out, you might not even know what factors to consider, much less what broker to choose.

With that in mind, we've ranked the best 3 forex brokers in the market for beginners in terms of customer service, trading platforms, research, commission structure, and regulatory scrutiny.

These are the most important broker features for beginners. They will determine trade execution speed, risk of monetary loss due to technical issues or broker default, and the quality of the information used for trading.

We’ve spent countless hours weeding out the non-regulated and not trustworthy forex brokers, of which there are many, to come up with this list.

#1 Best ​beginner broker

  • Largest selection of currency pairs
  • ​Regulated in​ major markets & listed in UK
  • ​Powerful charts & pattern tools


Final Thoughts

Choosing a forex broker as a beginner is not an easy task. You can easily get overwhelmed by all the factors to consider and the vast choice available, but at the end of the day, the most important factor is how reputable the broker is and how much regulatory oversight it has.

This will influence how much liquidity and stability the broker has, impacting its ability to provide timely withdrawals to traders.

The forex broker industry is so competitive than most of the reputable and regulated brokers will offer solid support, good credit lines, and easy to use interfaces- The differences in these factors will be minimal.

In conclusion, as long as you stick with one of the above listed brokers you are unlikely to fail as a result of broker choice. But if you want to ease in, i highly recommend the social trading format of eToro.com

​Jack Morgan

​Author: Jack Morgan

Jack Morgan is the senior broker tester at Financeeo. Bringing more than 20 years experience from the online broker industry. Jack has spent many hours rigorously testing brokers.

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