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.
Best Forex Brokers for Beginners
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Specialized trading accounts
PayPay for deposit
Pros
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High leverage options (up to 1:1000) for experienced traders.
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Multiple account types to suit different trading needs.
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User-friendly platforms, including mobile trading.
Cons
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Limited information on regulatory licensing and oversight.
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Located in St. Lucia, a jurisdiction that may raise regulatory concerns.
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Lack of detailed information on fees or additional charges.
Withdrawal fee
$0
Deposit fee
4.6
Max leverage
1:1000
Min deposit
$10
Top Regulators
No
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Specialized trading accounts
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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
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Limited information on regulatory licensing and oversight.
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Located in St. Lucia, a jurisdiction that may raise regulatory concerns.
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Lack of detailed information on fees or additional charges.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:1000
Specialized trading accounts
24/7 instant money withdrawal
Free VPS hosting
Pros
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Competitive Trading Conditions
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Wide Range of Tradable Instruments
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Advanced Trading Platforms
Cons
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Limited Regulatory Oversight for Some Entities
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Limited Educational Resources for Beginners
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Mixed User Reviews
Withdrawal fee
$0
Deposit fee
4.8
Max leverage
1:2000
Min deposit
$10
Top Regulators
FCA, CYSEC
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trusted
Not available in
2
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Specialized trading accounts
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24/7 instant money withdrawal
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Free VPS hosting
Pros
-
Competitive Trading Conditions
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Wide Range of Tradable Instruments
-
Advanced Trading Platforms
Cons
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Limited Regulatory Oversight for Some Entities
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Limited Educational Resources for Beginners
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Mixed User Reviews
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:2000
3
Best For Reliable Trading
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Free VPS hosting
24/7 instant money withdrawal
Specialized trading accounts
Pros
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Extensive Range of Tradable Instruments
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Competitive Trading Conditions & Accounts
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Versatile Trading Platforms
Cons
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Regulated by an Offshore Regulator
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Limited Demo Account
Withdrawal fee
1%
Deposit fee
4.9
Max leverage
1:2000
Min deposit
$10
Top Regulators
No
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trusted
Not available in
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-
Free VPS hosting
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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
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Limited Demo Account
- Withdrawal fee1%
- Deposit fee$0
- Max Leverage1:2000
24/7 instant money withdrawal
Specialized trading accounts
Pros
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High Leverage Options
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Low Initial Deposit Requirements
Cons
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Lack of Proper Regulation
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Withdrawal Issues
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Poor Customer Support
Withdrawal fee
$0
Deposit fee
4.7
Max leverage
1:3000
Min deposit
$1
Top Regulators
No
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trusted
Not available in
4
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24/7 instant money withdrawal
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Specialized trading accounts
Pros
-
High Leverage Options
-
Low Initial Deposit Requirements
Cons
-
Lack of Proper Regulation
-
Withdrawal Issues
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Poor Customer Support
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:3000
Specialized trading accounts
Free VPS hosting
24/7 instant money withdrawal
Pros
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Competitive Spreads
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Comprehensive Educational Resources
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Robust Customer Support
Cons
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Limited Deposit and Withdrawal Options
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Occasional Platform Glitches
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Limited Regulatory Oversight in Certain Regions
Withdrawal fee
$0
Deposit fee
4.7
Max leverage
1:1000
Min deposit
$5
Top Regulators
No
Add to compare list
trusted
Not available in
5
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Specialized trading accounts
-
Free VPS hosting
-
24/7 instant money withdrawal
Pros
-
Competitive Spreads
-
Comprehensive Educational Resources
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Robust Customer Support
Cons
-
Limited Deposit and Withdrawal Options
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Occasional Platform Glitches
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Limited Regulatory Oversight in Certain Regions
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:1000
Specialized trading accounts
Free VPS hosting
24/7 instant money withdrawal
Pros
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Regulated by Top-tier Authorities
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Low Spreads and Commissions
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Popular Trading Platforms
Cons
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Limited Asset Coverage
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Platform Selection Limited
Withdrawal fee
$0
Deposit fee
4.8
Max leverage
1:888
Min deposit
$5
Top Regulators
ASIC, FSC, CYSEC
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trusted
Not available in
6
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-
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
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Platform Selection Limited
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:888
Free VPS hosting
Specialized trading accounts
24/7 instant money withdrawal
Pros
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Regulated by multiple authorities
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Offers a wide range of assets, including cryptocurrencies, stocks, indexes, metals and oil
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Multiple trading platforms are available, including MetaTrader 4, MetaTrader 5 and MetaTrader 5 web
Cons
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Limited educational resources for beginners
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Limited research tools
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Limited customer support options compared to some other brokers
Withdrawal fee
$0
Deposit fee
4.4
Max leverage
1:1000
Min deposit
$10
Top Regulators
FSRA
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trusted
Not available in
7
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-
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
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Limited customer support options compared to some other brokers
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:1000
Pros
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Competitive Spreads and Leverage
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Fast Order Execution
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Flexible Trading Strategies
Cons
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Lack of Major Regulatory Oversight
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Limited Platform Options
-
Limited Educational Resources
Withdrawal fee
N/A
Deposit fee
4.5
Max leverage
1:200
Min deposit
10$
Top Regulators
No
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Not available in
8
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Pros
-
Competitive Spreads and Leverage
-
Fast Order Execution
-
Flexible Trading Strategies
Cons
-
Lack of Major Regulatory Oversight
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Limited Platform Options
-
Limited Educational Resources
- Withdrawal feeN/A
- Deposit feeNo
- Max Leverage1:200
Specialized trading accounts
Free VPS hosting
Pros
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Multiple Trading Platforms: Fresh Forex offers traders the popular MetaTrader 4 and 5 platforms on desktop, web, and mobile devices.
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Wide Range of Assets: Traders have access to a variety of assets, including forex, commodities, indices, and cryptocurrencies.
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Competitive Spreads: Fresh Forex offers competitive spreads starting from as low as 0.1 pips for major forex pairs.
Cons
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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.
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No US and Canada Clients: Fresh Forex does not accept clients from the United States, limiting its reach to traders from these regions.
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Commission on CFD Trades: Fresh Forex charges a commission on CFD trades, which can increase trading costs.
Withdrawal fee
$0
Deposit fee
3.5
Max leverage
1:2000
Min deposit
$10
Top Regulators
No
Add to compare list
Not available in
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.
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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
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.