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Home » Forex Brokers » by Trading Level » Beginners

Best Forex Brokers for Beginners

It is no secret that Forex trading for beginners is not that simple. In this list we share forex brokers that offer free training, learning materials, bonuses, and many other services so beginners can start easily.

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UnitedPips
Available in
Country Flag
1
UnitedPips
0 customer reviews
Rating
4.1
/ 5
Expand
  • Specialized trading accounts
  • PayPay for deposit
Pros

  • High leverage options (up to 1:1000) for experienced traders.

  • Multiple account types to suit different trading needs.

  • User-friendly platforms, including mobile trading.

Cons

  • Limited information on regulatory licensing and oversight.

  • Located in St. Lucia, a jurisdiction that may raise regulatory concerns.

  • Lack of detailed information on fees or additional charges.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
Start trading
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Exness
trusted
Not available in
Country Flag
2
Exness
52 customer reviews
Rating
4.9
/ 5
Expand
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Free VPS hosting
Pros

  • Competitive Trading Conditions

  • Wide Range of Tradable Instruments

  • Advanced Trading Platforms

Cons

  • Limited Regulatory Oversight for Some Entities

  • Limited Educational Resources for Beginners

  • Mixed User Reviews

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:2000
Start trading
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RoboForex
trusted
Not available in
Country Flag
3
RoboForex
102 customer reviews
Rating
4.9
/ 5
Expand
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • Specialized trading accounts
Pros

  • Extensive Range of Tradable Instruments

  • Competitive Trading Conditions & Accounts

  • Versatile Trading Platforms

Cons

  • Regulated by an Offshore Regulator

  • Limited Demo Account

  • Withdrawal fee1%
  • Deposit fee$0
  • Max Leverage1:2000
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FxGlory
Not available in
Country Flag
4
FxGlory
9 customer reviews
Rating
4.7
/ 5
Expand
  • 24/7 instant money withdrawal
  • Specialized trading accounts
Pros

  • High Leverage Options

  • Low Initial Deposit Requirements

Cons

  • Lack of Proper Regulation

  • Withdrawal Issues

  • Poor Customer Support

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:3000
Start trading
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Alpari
trusted
Not available in
Country Flag
5
Alpari
12 customer reviews
Rating
4.7
/ 5
Expand
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
Pros

  • Competitive Spreads

  • Comprehensive Educational Resources

  • Robust Customer Support

Cons

  • Limited Deposit and Withdrawal Options

  • Occasional Platform Glitches

  • Limited Regulatory Oversight in Certain Regions

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
Start trading
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XM
Not available in
Country Flag
6
XM
34 customer reviews
Rating
4.7
/ 5
Expand
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
Pros

  • Regulated by Top-tier Authorities

  • Low Spreads and Commissions

  • Popular Trading Platforms

Cons

  • Limited Asset Coverage

  • Platform Selection Limited

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:888
Start trading
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NordFX
trusted
Not available in
Country Flag
7
NordFX
7 customer reviews
Rating
4.5
/ 5
Expand
  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros

  • Regulated by multiple authorities

  • Offers a wide range of assets, including cryptocurrencies, stocks, indexes, metals and oil

  • Multiple trading platforms are available, including MetaTrader 4, MetaTrader 5 and MetaTrader 5 web

Cons

  • Limited educational resources for beginners

  • Limited research tools

  • Limited customer support options compared to some other brokers

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:1000
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ActivTrades
Not available in
Country Flag
8
ActivTrades
164 customer reviews
Rating
4.5
/ 5
Expand
  • Specialized trading accounts
Pros

  • Solid Regulatory Oversight

  • Fast Execution Speeds

  • Innovative Trading Tools

Cons

  • Limited Asset Range

  • Commissions and Fees

  • Mixed Customer Support Reviews

  • Withdrawal fee0$
  • Deposit fee0$
  • Max Leverage1:400 (1:30 for EU)
Start trading
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NPBFX
Not available in
Country Flag
9
NPBFX
0 customer reviews
Rating
4.4
/ 5
Expand
Pros

  • Competitive Spreads and Leverage

  • Fast Order Execution

  • Flexible Trading Strategies

Cons

  • Lack of Major Regulatory Oversight

  • Limited Platform Options

  • Limited Educational Resources

  • Withdrawal feeN/A
  • Deposit feeNo
  • Max Leverage1:200
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FreshForex
Not available in
Country Flag
10
FreshForex
71 customer reviews
Rating
3.3
/ 5
Expand
  • Specialized trading accounts
  • Free VPS hosting
Pros

  • Multiple Trading Platforms: Fresh Forex offers traders the popular MetaTrader 4 and 5 platforms on desktop, web, and mobile devices.

  • Wide Range of Assets: Traders have access to a variety of assets, including forex, commodities, indices, and cryptocurrencies.

  • Competitive Spreads: Fresh Forex offers competitive spreads starting from as low as 0.1 pips for major forex pairs.

Cons

  • Limited Customer Support: Fresh Forex only offers customer support from Monday till Friday 24/5, which may be inconvenient for traders who have questions on weekends.

  • No US and Canada Clients: Fresh Forex does not accept clients from the United States, limiting its reach to traders from these regions.

  • Commission on CFD Trades: Fresh Forex charges a commission on CFD trades, which can increase trading costs.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:2000
Start trading
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Our ranking methodology and selection process

We will help you find the best online Forex Broker for beginners

This ranking is dedicated to brokers offering broad opportunities for Forex trading for beginners, who will be able to work as comfortably as possible. This page shows you reliable, proven, and simply the best Forex Brokers for beginners from anywhere in the world. The most favorable conditions, quality education, and nice benefits – will make trading for beginners through the presented intermediaries successful.

Features of best online Forex brokers for beginners

Presented brokers help in Forex trading for beginners. They give them bonuses for the first deposit, arrange training webinars and courses, conduct master classes of experienced professionals on Forex, maintain trading accounts loyal to newcomers, and provide other benefits. We recommend that beginners approach the choice of a broker for trading very carefully. Examine the offers of each company, test the quality of service in small amounts and only after that choose a suitable company.