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Forex trading for beginners
No single Forex broker is the best option for all traders. For this reason, we have chosen the best brokers that we think will appeal to beginner Forex traders. Rather than just choosing the “best broker,” we have selected the best brokers for traders with zero knowledge of Forex trading.
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money.
No single Forex broker is the best option for all traders. For this reason, we have chosen the best brokers that we think will appeal to beginner Forex traders. Rather than just choosing the “best broker,” we have selected the best brokers for traders with zero knowledge of Forex trading.
| Rank | Broker | Review | Regulations | Min Deposit | Official Site |
|---|---|---|---|---|---|
| 1. |  | Read Review | FSC (British Virgin Islands) | $0 |  |
| 2. |  | Read Review | FSCA, FSA, CySEC, FCA, CBCS, FSC (BVI), FSC (Mauritius) | $10 | |
| 3. |  | Read Review | SVG FSA | $15 | |
| 4. |  | Read Review | FSA-S, CySEC, FSCA, FSC Mauritius | $1 | |
| 5. |  | Read Review | IFSC | $1 | |
| 6. |  | Read Review | FCA, IFSC, CySec, ASIC | $5 | |
| 7. |  | Read Review | IFSC | $10 | |
| 8. |  | Read Review | FSA (SVG), FSA (Seychelles | $10 | |
| 9. |  | Read Review | FSC (British Virgin Islands), CySEC, FSA (SVG) | $1 | |
Minimum Deposit
$1
Regulators
FSC (British Virgin Islands)
Maximum Leverage
1:1000
Minimum Spread
0.01 Pips
Platforms
MT4
Islamic Account
Yes
Total Pairs
150+
Copy Trading
Yes
Crypto
Yes
Bonus Types
Sign Up Bonus
Year Founded
2007
Deposit/Withdrawal
Minimum Deposit
$10
Regulators
FSCA, FSA, CySEC, FCA,
CBCS, FSC (BVI), FSC (Mauritius)
Maximum Leverage
1:Unlimited
Minimum Spread
0.0 Pips
Platforms
MT4, MT5, WebTrader, Excess Terminal
Islamic Account
Yes
Total Pairs
97
Copy Trading
Yes
Crypto
Yes
Bonus Types
No Sign-Up Bonus
Year Founded
2008
Deposit/Withdrawal
Minimum Deposit
$15
Regulators
SVG FSA
Maximum Leverage
1:500
Minimum Spread
0.6 Pips
Platforms
MetaTrader 4
Islamic Account
Yes
Total Pairs
200+
Copy Trading
Yes
Crypto
Yes
Bonus Types
30% Sign-Up Bonus
Year Founded
2015
Deposit/Withdrawal
Minimum Deposit
$1
Regulators
FSA, Cysec, FSCA, FSC
Maximum Leverage
1:3000
Minimum Spread
0.0 Pips
Platforms
MT4, MT5, WebTrader
Islamic Account
Yes
Total Pairs
240+
Copy Trading
Yes
Crypto
Yes
Bonus Types
$30 Sign Up Bonus
Year Founded
2012
Deposit/Withdrawal
Minimum Deposit
$1
Regulators
IFSC
Maximum Leverage
1:1000
Minimum Spread
0.0 Pips
Platforms
MT4
Islamic Account
Yes
Total Pairs
300
Copy Trading
Yes
Crypto
Yes
Bonus Types
50% Deposit Bonus
Year Founded
2013
Deposit/Withdrawal
Forex trading for beginners
Minimum Deposit
$5
Regulators
FCA, IFSC, CySec, ASIC
Maximum Leverage
1:1000
Minimum Spread
0.6 Pips
Platforms
MT4, MT5
Islamic Account
Yes
Total Pairs
57
Copy Trading
Yes
Crypto
Yes
Bonus Types
Up To $5000
Year Founded
2009
Deposit/Withdrawal
Minimum Deposit
$10
Regulators
IFSC
Maximum Leverage
1:2000
Minimum Spread
0.1 Pips
Platforms
MT4, MT5, cTrader, RoboForex Mobile Trader, RoboForex StockTrader, WebTrader
Islamic Account
Yes
Total Pairs
32
Copy Trading
Yes
Crypto
Yes
Bonus Types
Up To 120%
Year Founded
2009
Deposit/Withdrawal
Minimum Deposit
$10
Regulators
FSA (SVG), FSA (Seychelles)
Maximum Leverage
1:1000
Minimum Spread
0.0 Pips
Platforms
MT4
Islamic Account
Yes
Total Pairs
299+
Copy Trading
Yes
Crypto
Yes
Bonus Types
100% Deposit Bonus,
30% Tradable Bonus
Year Founded
2015
Deposit/Withdrawal
Minimum Deposit
$1
Regulators
FSC (British Virgin Islands), CySEC, FSA (SVG)
Maximum Leverage
1:1000
Minimum Spread
0.01 Pips
Platforms
MT4, MT5, WebTrader
Islamic Account
Yes
Total Pairs
295+
Copy Trading
Yes
Crypto
Yes
Bonus Types
From 30% to 100% Deposit Bonus
Year Founded
2007
Deposit/Withdrawal
Forex trading for beginners
Low Spread
Low Commissions
Negative Balance
Protection
$10 Minimum
Deposit
Unlimited
Leverage
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. It is important that you do not trade any money that you can’t afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a risk of loss.
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