best forex broker for beginners
85-90% 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.
Overall, ForexMart is considered a trustworthy, low-risk broker with leverage from 1:500, low fixed spreads from 0.0, minimal lot of 0.01, and a minimum deposit of $15 USD. Commission-free up to $15 USD.
Broker’s Name
ForexMart
best forex broker for beginners
Overall Rating
4.8/5
Headquartered
Cyprus
Year Founded
2015
Regulating Authorities
SVG FSA
Countries not accepted for trade
United States of America, North Korea, Sudan, Syria
Islamic account (swap-free)
Yes
Sign up Bonus
Yes
Trading Fees
Low
Total Instruments
200+
best forex broker for beginners
Crypto
Yes
Account Activation Time
Less than 24 Hours
Copy Trading
Yes
PAMM
Yes
Demo Account
Yes
Account types
ForexMart Classic, Pro, Cent, Zero spread
Maximum Leverage
1:500
Minimum Deposit
$15
Deposit Options
best forex broker for beginners
Withdrawal Options
Platform Types
MetaTrader 4
OS Compatibility
Windows, Mobile, Web, iPhone, iPad, PC and Mac OS, mobile for Android and IOS
Tradable assets offered
Forex, commodities, indices, CFD on shares, and cryptocurrencies
Languages supported on Website
Multiple languages
Customer Support Languages
Multiple languages
Customer Service Hours
24/5
best forex broker for beginners
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
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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