Best Forex Brokers For Beginners for 2022

We found 11 online brokers that are appropriate for Trading Beginner Forex Brokers.

Best Forex Brokers For Beginners Guide

Updated January 20, 2022

Best Forex Brokers for Beginners

The best Forex brokers that are perfect for newbies should provide at least three main benefits. The essential thing being that they are a trusted and licensed brand, providing an amiable, web-based platform. Another benefit that they should offer is a large variety of educational materials. Lastly, they should offer access to quality market research.

Meaning of Forex Trading

'Foreign Exchange Trading' is the act of exchanging one currency for another. This means, selling or buying of currency pairs, depending on the winning exchange rates from the foreign exchange market. The Forex market is the largest world market, with about $6.59 trillion in currency traded every day.

Meaning of Forex Broker

When talking about foreign currency trading, you can make use of a currency trading broker, popularly known as a 'Forex Broker' to carry out your trades. When you trade in the Forex market, you sell or buy in currency pairs. You register an account and deposit capital, after which, you make use of the broker's trading platform to sell and buy currency margins.

What Is Forex Trading?

Forex trading involves the purchase or sale of one currency with the goal of making a profit on the exchange of that currency for a different currency. Forex can be thought of as the international exchange of currencies in relation to interest rates. One currency stands for one nation and one stands for another. A trader interested in purchasing certain currency would then purchase it while another trader would sell it. Because of the large number of traders and the need to keep up with what is going on in the markets, there are many different forex brokers that an investor can use to facilitate their trades.

The forex broker performs functions other than just facilitating trades between buyers and sellers. In addition to helping a trader find buyers and sellers for any pair of currencies, the broker also assists in the determination of the interest rates for any given pair. Interest rates are used to determine which currency should be purchased at a given interest rate. The rate is calculated by taking a look at the economic performance of the particular country whose currency is being selected as the main currency in the trade. Economic performance is crucial because a higher economic performance means higher interest rates as well.

Forex traders can use technical analysis to help them determine which trades to enter and which ones should be avoided. Technical analysis uses historical data and current trends to analyze the strengths and weaknesses of a particular currency. This information can often be found in charts, graphs, and tables that can be accessed through a website. Once a trader has determined the strengths and weaknesses of a particular currency, they can then place trades with high liquidity using a spread betting service.

What Is A Forex Broker?

A Forex broker is a person who works in a market where trades are usually bought and sold between two independent parties. In this market a Forex broker earns money by charging fees for its services. In other words, the broker's income comes from the fees that it charges to its clients. Forex brokers are licensed by governments all over the world, so you can be sure of the fact that they are trustworthy. They need to follow certain rules and regulations, and they also have to stick within certain margins.

Forex brokers must use certain tools and systems to ensure that their clients are able to make good trades. Some of the tools that they use include Forex leverage and spread betting. Forex leverage is when a certain amount of money is placed on the trading floor and this money is used to trade on an equal basis with other traders. On the other hand, spreads are what happens when one currency is traded and another one is bought or sold. These spreads involve commission and this will vary depending on the broker.

A Forex broker is an independent financial institution that allows you to purchase and sell foreign currencies. It is like a middleman between you and the largest interbank. This is a vast global market which allows you to trade numerous foreign currencies. Forex brokers have gained in popularity over the years as they allow traders to get better rates and liquidity. Traders can place their trades anywhere in the world through the internet or through their brokers. All transactions are executed securely and confidentially.

Forex brokers provide you with a platform from which to enter the global markets. However, you need to make sure you have the right Forex brokers for the job as well as the right tools to help you with your trades. If you take the time to research the best brokers, you could lose a lot of money, if you do not have the tools to help you with your trades, then you could end up losing a lot of money. For example, you must have access to the latest news which could influence your currency pair choices. You should also have up to date information on which currency pairs are expected to go up and which are expected to go down.

Understanding The Forex Broker

Forex trading has never been easy, there is a lot of work required. Forex market is the largest financial market in the world today. Trading Forex involves buying one currency and selling another. It is the largest financial marketplace with daily turnover exceeding USD 3.2 trillion. While understanding how it really works is important, to earn a profit takes allotment of learning and practice of technical analysis techniques. You can begin with a small investments as a beginning Forex trader and slowly learn more about this market as you gain experience.

Forex brokers are financial institutions or individuals who facilitate trading for their customers. Their role is to provide Forex trading information and guidance. A lot of Forex brokers offer Forex trading services through online facilities. There are hundreds of Forex brokers available in the market who provide Forex market information, tips and advice to traders, investors, institutional traders, etc. It is the responsibility of the trader to choose the best foreign exchange broker.

Tips Available for Beginner Traders in Choosing the Best Forex Brokers

On trading networks, the more options of trading platforms to choose from that the broker offers, the better it is for you as a trader. If you are a trader who does not like to sit behind a desk, or prefers to move around, then you should choose a good broker in mobile trading.

To confirm a broker's regulated status, you must check the site to see if a regulatory body provides the license for that broker to work in a certain region.

Forex Broker Licensing

At times, a Forex broker can be licensed in many regions. The more regions the broker is licensed in, the more dedicated the broker is in gaining possible customers' trust.

Forex Demo Accounts

Many brokers provide a demo account that operates for an unlimited time, while some only provide a limited demo account. An unlimited demo account is the best option, since you will be able to use it for backtesting your trading schemes.

Training Resources

You should check the value of their training resources. This is necessary for new traders because you need to learn as much as possible before taking the risk of starting to trade with real money in the market.

Forex Fees

Check to see if the Forex broker provides a reduction in commissions for trading costs. Meaning, the more the trader trades, the more reduction in commission he/she gets.

Tools and Trading Features

In the bid to distinguish their services from other Forex brokers, they should provide value-added services, like free-market signals, which can be used as an educational, or trading, aid.

Esay Forex Withdrawals

In the case of withdrawals, you should search to see if the broker has certain requirements or restrictions. Some brokers charge a fee on every withdrawal made. While some need a minimum amount to be withdrawn for the withdrawal request to be processed.

Customer Support

To estimate how a trading platform operates, constantly practice with the demo account offered by the broker.

Check to see if the customer support services can be accessed via the Internet, telephone, or social media.

How to Pick the Best Forex Brokers for Beginners

The Forex market is the planet's biggest market, with a turnover of more than six trillion dollars every day. Nonetheless, though it is known as the biggest market globally, it does not have a central exchange. Additionally, Forex traders need to depend on Forex Brokers to aid them in carrying out a trade. Below are some of the criteria in choosing the best Forex brokers for beginners.

The Forex Software or Platform

One of the criteria for estimating a Forex broker for beginners is their trading software, or platform. The trading platform must possess a broad range of trading tools that can aid in analyzing the Forex market. Several trading tools beneficial for beginners are: an economic calendar that provides information about future economic events, clear charts, and a streaming news source. Consequently, it would be best to make sure that the trade exits and entries can be done easily. This implies that a trading platform's interface should be well structured for all operations, strategically placed, and neatly marked.

A trading platform interface that is not well designed can hinder trading, resulting in serious mistakes. Ensure the trading platform offered by the broker is dependable, like the 'Sirix WebTrader', or the 'MT4'.

Withdrawals And Deposits

One other criterion to consider when appraising the various kinds of trading accounts is the withdrawal and depositing methods offered by the broker. All Forex brokers in the industry possess their own policies on how they manage withdrawals and deposits. A few Forex brokers may support their customers using various payments to fund their accounts, while allowing direct bank deposits as well.

Customer Support Services

The foreign exchange industry is a twenty-four-hour-a-day market where trading activities are continuously occurring. It is likely for Forex traders to be constantly trading on the market. This implies that you could encounter an issue that needs the customer support group's help at any time. Therefore, the customer support team must always be available 24/7 during the whole trading week. There is nothing more disappointing than not being able to get in touch with someone when you need their help.

Check the methods available to get in touch with customer support services like email, live chat, and localized phone numbers. Consequently, you should also evaluate the response time of the representatives in the support team. Traders often tend to overlook whether a broker offer a toll-free, or localized, telephone support number when examining their support services.

We've collected thousands of datapoints and written a guide to help you find the best Best Forex Brokers For Beginners for you. We hope that this information assists you in locating a reliable and reputable broker who meets your online trading requirements. We have compiled a list of what we consider the best Beginner Forex Brokers below.

Reputable Forex Brokers For Beginners Checklist

There are a number of important factors to consider when picking an online Beginner Forex Brokers trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Beginner Forex Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Beginner Forex Brokers of 2022 compared

Here are the top Beginner Forex Brokers.

Compare Beginner Forex Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are Beginner Forex Brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more Beginner Forex Brokers that accept Beginner Forex Brokers clients

Broker eToro IC Markets AvaTrade XTB Roboforex FP Markets Pepperstone Plus500 XM EasyMarkets Trading212
Rating
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Min Deposit 10 200 100 No minimum deposit 1 100 200 100 5 100 1
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 20,000,000+ 180,000+ 300,000+ 250,000+ 10,000+ 10,000+ 89,000+ 15,500+ 3,500,000+ 142,500+ 15,000,000+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Guaranteed stop loss
  • Advanced Risk Management Tools
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
etoro
Sign Up with
icmarkets
Sign Up with
avatrade
Sign Up with
xtb
Sign Up with
roboforex
Sign Up with
fpmarkets
Sign Up with
pepperstone
Sign Up with
plus500
Sign Up with
xm
Sign Up with
easymarkets
Sign Up with
trading212
Risk Warning 67% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Demo eToro
Demo
IC Markets
Demo
AvaTrade
Demo
XTB
Demo
Roboforex
Demo
FP Markets
Demo
Pepperstone
Demo
Plus500
Demo
XM
Demo
easyMarkets
Demo
Trading 212
Demo
Excluded Countries ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA BE, BR, KP, NZ, TR, US, CA, SG US, IN, PK, BD, NG , ID, BE, AU US, JP US, JP, NZ BR, KR, IR, IQ, SY, JP, US MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE US, CA, IL, KR, IR, MM, CU, SD, SY US US, CA

eToro Risk Disclosure

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.


All Beginner Forex Brokers in more detail

You can compare Beginner Forex Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Beginner Forex Brokers for 2022 article further below. You can see it now by clicking here

We have listed top Beginner Forex Brokers below.

Best Forex Brokers For Beginners List

eToro
(4/5)
Min deposit : 10
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 20000000+ traders. 67% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs.


Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 3500000+ traders. Your capital is at risk XM offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Trading212
(3/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 15000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading 212 offers Stocks, Forex, Commodities, Indices.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)

Learn more Learn more about eToro.
67% of retail investor accounts lose money when trading CFDs with this provider.
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67% of retail investor accounts lose money when trading CFDs with this provider.