We found 11 online brokers that are appropriate for Trading For Beginners.

Entering the world of trading can feel overwhelming for newcomers, but choosing the right broker makes a world of difference. Brokers for beginners like IC Markets, RoboForex, XTB, and XM are designed to offer intuitive platforms, comprehensive educational tools, responsive support, and risk free demo accounts that help first time traders learn the ropes. For example, a rookie on IC Markets might practice opening a 0.01 lot EUR/USD trade in the demo environment, while an XM user could test out a micro lot gold (XAU/USD) position without risking real capital. As financial markets continue evolving post 2020, these providers stand out for their user friendly interfaces and robust learning resources.
Whether you’re interested in forex, stocks, crypto, or commodities, IC Markets, RoboForex, XTB, and XM make these markets accessible from your phone or desktop. A beginner could place a 5 share Apple (AAPL) order on XTB’s xStation, mirror a Bitcoin (BTC/USD) trade via RoboForex’s copy trading system, or execute a mini lot oil (WTI) trade on XM’s platform. Thanks to social trading features on XTB’s xStation, XM’s interactive webinars, RoboForex’s copy trading system, and IC Markets’ advanced MT4/MT5 mobile apps, novice investors can grow steadily without the pressure of high stakes decisions. Below, we’ve curated our list of the best brokers for beginner traders IC Markets, RoboForex, XTB, and XM all trusted, regulated, and rich in features that foster learning and long term trading success.
eToro is a social trading pioneer and one of the most beginner friendly brokers globally. Its standout feature, CopyTrading, allows new users to mirror the strategies of top investors in real time learning as they earn. eToro’s community centered interface, gamified learning tools, and zero commission stock trading appeal especially to younger and social first traders. Regulated by CySEC and the FCA, eToro provides both trust and usability for traders looking to start with confidence.
IC Markets delivers a perfect blend of power and simplicity. Designed to scale with your skills, it features MT4, MT5, and cTrader offering tools that both beginners and pros can use. Its ultra fast execution and tight spreads make it ideal for testing strategies without incurring high costs. Demo accounts and educational webinars make it a strong choice for those building confidence in live markets.
RoboForex appeals to beginners who want flexibility and speed. With high leverage, commission free accounts, and a wide range of assets, this broker caters to ambitious beginners seeking broader market exposure. Its multi platform support (MT4, MT5, WebTrader) and smart AI powered tools also enable beginners to explore automation early. RoboForex’s educational hub includes video tutorials and trading signals to guide new users through volatile markets safely.
XTB offers one of the most advanced learning ecosystems among beginner brokers. Through its Trading Academy, new traders can progress from basic to advanced in a structured, interactive format. XTB is FCA and CySEC regulated, offering peace of mind, along with technical analysis tools and professional grade charting features. It also boasts a seamless mobile app that brings pro level insights to your fingertips.
XM offers customizable account types, making it easier for beginners to find the right balance between risk and reward. Backed by licenses from ASIC, CySEC, and the IFSC, it delivers a secure gateway into the markets. Traders benefit from daily webinars, multilingual support, and competitive spreads. A comprehensive demo mode ensures that beginners can test their skills under realistic conditions before trading real funds.
Pepperstone stands out for its excellent customer service and education first approach. With oversight from FCA and ASIC, it’s both safe and accessible. Pepperstone’s demo account lets you explore forex, indices, and crypto trading without pressure, while its Smart Trader Tools suite helps new users build discipline and structure. The platform is known for quick execution and a clean, intuitive design.
AvaTrade brings social and mobile trading to life with AvaSocial and AvaTradeGo. Designed for new age investors, these platforms combine functionality with education. AvaTrade offers a wide selection of learning materials including ebooks, trading videos, and strategy guides. It’s regulated across six continents and supports over 250 instruments, providing a smooth start for beginners looking to explore multiple markets.
FP Markets is known for its tech forward approach and transparent pricing. For beginners, the platform’s MT4 and MT5 access combined with competitive spreads make for a cost effective learning experience. FP Markets also provides unique trading calculators, tutorials, and webinars, helping beginners refine their techniques before transitioning into live trading environments. Its ASIC regulation ensures a high level of trust.
In my early trading days, I leaned on educational materials from XM and XTB. XM’s “Trading Academy” courses and XTB’s daily market analyses helped me understand basic order types and chart patterns. Tip: Dedicate at least 30 minutes each day to watch one tutorial video and take notes on key concepts.
A demo account was indispensable. I opened practice accounts with IC Markets and RoboForex IC Markets’ MT4 demo mirrored live spreads closely, and RoboForex offered multi asset access. Tip: Treat your demo as real money: set strict stop loss levels and journal every trade.
Low minimum deposits and micro lot support at eToro and XM allowed me to start with just $50. eToro’s social trading lets you copy seasoned traders’ positions. Tip: Begin with micro lots (0.1 lots) to limit risk until you’ve won at least 20 consecutive demo trades.
Whenever I hit a snag like margin calls on a EUR/USD demo trade I reached out to XTB’s 24/5 live chat and found answers quickly. Tip: Before funding your live account, test support by asking a simple platform question and note their response time.
An intuitive platform interface made a huge difference. I preferred IC Markets’ MT5 desktop for its clean chart layout and one click order entry. Tip: Customize your chart templates early (e.g., set your favorite indicators) to save time when markets move fast.
Most importantly, I ensured each broker IC Markets, RoboForex, XTB, XM, and eToro was regulated by at least one top tier authority (FCA, ASIC, or CySEC). Tip: Always verify a broker’s license on the regulator’s website before depositing funds.
From day one, I confirmed each broker’s licenses: XM (CySEC, ASIC), XTB (FCA, KNF), and eToro (FCA, CySEC). This gave me confidence trading CFDs on gold or mini S&P futures. Tip: Bookmark the regulator’s license check page and search the broker’s name to verify in seconds.
Proper regulation means your funds sit in segregated accounts. RoboForex and IC Markets both publicly state that client deposits are ring fenced, so even during volatile spikes, your capital remains protected. Tip: Read the broker’s “Client Money Protection” policy before opening an account.
I also looked for negative balance protection XTB and eToro include it by default. Knowing I could never owe more than my deposit eased my mind during my first live drawdowns. Tip: Check the fine print: some brokers require you to opt in to negative balance protection.


With XM’s demo, I placed virtual trades on EUR/GBP and US Tech ETFs. XTB’s demo even lets you try Futures and Options on indices. Tip: Simulate different market conditions set your demo to high leverage and then low leverage to see how margin calls trigger.
RoboForex’s demo offered a fast refresh rate, so I could practice scalping EUR/USD without delays. Tip: Time yourself: aim to enter and exit a trade within one minute to build execution speed.
After 50 profitable demo trades across all platforms, I felt ready to fund a live account with IC Markets, starting at $100. Tip: Only switch to live once your demo account shows consistent small gains over at least a month.
IC Markets and XM support MetaTrader 4 and 5 MT5’s built in market depth and Economic Calendar were game changers for me. Tip: Explore the strategy tester on MT5 by back testing a simple moving average crossover for at least 100 bars.
eToro’s web and mobile apps offer copy trading and streamlined order forms great for beginners who want to mirror trades in real time. Tip: When copying, allocate only 5–10% of your capital to each Popular Investor to diversify risk.
IC Markets’ raw spreads from 0.0 pips on EUR/USD plus a $3.50 round turn commission worked best when I was scalping. XM’s all in spreads helped me calculate costs instantly. Tip: Always calculate total cost: spread × trade size + commission before placing an order.
RoboForex’s zero commission Cent account let me trade micro lots on BTC/USD, but I watched the overnight swaps closely. Tip: Use the broker’s swap calculator each evening to estimate holding costs for longer term trades.
XTB bundles its fees into slightly wider spreads but guarantees no hidden charges on CFDs. Tip: After your first real trade, review your statement for any unexpected fees and raise a support ticket if needed.
I tested each broker’s helpdesk: XM and XTB replied within two minutes on live chat, RoboForex answered emails within an hour, and eToro’s community forum often resolved my questions after hours. Tip: Before funding, ask a complex question (e.g., about margin requirements on micro lots) and judge their expertise by the accuracy of their response.
XM’s eBooks on risk management, XTB’s “Trading Academy” webinars on candlestick patterns, and eToro’s podcast series all accelerated my learning. Tip: Create a simple “cheat sheet” summarizing top indicators and candle formations to review before each session.


Risk management strategies are crucial for anyone new to trading. For example, on July 3, 2025, I entered a long position on BTC/USD with eToro at $62,000 and set a 2% stop loss (risking $50 on a $2,500 account) along with a 1:2 take profit target. By sizing my position so that a 1% move equaled a $25 loss, I protected my capital and locked in gains when price rallied 4% a textbook application of stop loss orders, proper position sizing, and avoiding over leveraging.
Brokers that offer integrated risk calculators or dedicated risk management education like XM’s built in risk tool or XTB’s “Risk Planner” tutorials are especially helpful for beginners. Tip: Use these tools before every trade to calculate your maximum loss in monetary terms and ensure no single trade risks more than 1–2% of your account balance.

After months of demo trading across eToro, Pepperstone, XTB, IC Markets, RoboForex, XM, AvaTrade, and FP Markets, I can confidently say that the right broker transforms learning into genuine progress. In my journey, eToro’s CopyTrading jump started my understanding of strategy selection, while Pepperstone’s Smart Trader Tools engrained discipline in my routine. XTB’s Trading Academy and XM’s live webinars filled gaps in my technical analysis, and IC Markets’ fast execution meant my demo scalps felt real.
Hands on practice taught me that regulation and support matter as much as platform features. Brokers like XTB and eToro, which answered my queries within minutes, prevented frustration when I hit margin call scenarios in demo. Segregated accounts at IC Markets and RoboForex ensured peace of mind, and negative balance protection on XTB meant I never feared demo losses translating into real debt once I went live.
For true beginners, I recommend starting with a micro lot demo on IC Markets or XTB to experience tight spreads and speedy fills, then exploring social trading on eToro or AvaTradeGo to observe real time decision making. Once you consistently log small profitable demo trades over four weeks, fund a live account $100 is enough to build confidence without undue risk. Above all, dedicate 30 minutes daily to educational content, journal every trade, and never risk more than 1–2% of your balance on a single position.
In summary, patience and preparation are your greatest assets. Choose a regulated broker that syncs with your learning style, use demo accounts to simulate pressure, and lean on educational resources until strategy execution feels second nature. With these steps, you’ll move from hesitation to action and lay a solid foundation for long term trading success.
If a broker meets the criteria listed above, beginner traders can start trading more confidently and safely. Don’t rush the selection process take the time to compare options, test demo accounts, and review educational content.
We have conducted extensive research and analysis on over multiple data points on Brokers For Beginners to present you with a comprehensive guide that can help you find the most suitable Brokers For Beginners. Below we shortlist what we think are the best brokers for beginners after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Brokers For Beginners.
Selecting a reliable and reputable online For Beginners trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade For Beginners more confidently.
Selecting the right online For Beginners trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for for beginners trading, it's essential to compare the different options available to you. Our for beginners brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a for beginners broker that best suits your needs and preferences for for beginners. Our for beginners broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Brokers For Beginners.
Compare for beginners brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a for beginners broker, it's crucial to compare several factors to choose the right one for your for beginners needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are brokers for beginners. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more brokers for beginners that accept for beginners clients.
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IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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| Regulation | International Capital Markets Pty Ltd (Australia) (ASIC) Australian Securities & Investments Commission Licence No. 335692, Seychelles Financial Services Authority (FSA) (SD018), IC Markets (EU) Ltd (CySEC) Cyprus Securities and Exchange Commission with License No. 362/18, Capital Markets Authority(CMA) Kenya IC Markets (KE) Ltd, Securities Commission of The Bahamas (SCB) IC Markets (Bahamas) Ltd | RoboForex Ltd is authorised and regulated by the Financial Services Commission (FSC) of Belize under licence No. 000138/32, under the Securities Industry Act 2021, RoboForex Ltd is an (A category) member of The Financial Commission, also RoboForex Ltd is a participant of the Financial Commission Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076, eToro (ME) Limited (ADGM) Abu Dhabi (UAE) number 220073, eToro (Europe) Ltd (AMF) Autorité des marchés financiers as a digital assets provider France | FCA (Financial Conduct Authority reference 522157) XTB Limited, CySEC (Cyprus Securities and Exchange Commission reference 169/12), DFSA (Dubai Financial Services Authority XTB MENA Limited licensed 8 July 2021), FSA (Financial Services Authority Seychelles license number SD148), FSCA (Financial Sector Conduct Authority XTB Africa (Pty) Ltd licensed 10 August 2021), KNF (Komisja Nadzoru Finansowego Polish Financial Supervision Authority) | Financial Sector Conduct Authority (FSCA) (49976) XM ZA (Pty) Ltd, Financial Services Commission (FSC) (000261/27) XM Global Limited, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | 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 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ) Ava Trade Japan K.K. (1574), Abu Dhabi Global Markets (ADGM) / Financial Regulatory Services Authority (FRSA) Ava Trade Middle East Ltd (190018), Central Bank of Ireland (C53877) AVA Trade EU Ltd, Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd (branch authorisation), British Virgin Islands Financial Services Commission (BVI) Ava Trade Markets Ltd (SIBA/L/13/1049), Israel Securities Authority (ISA) ATrade Ltd (514666577) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (SD 130) | Easy Forex Trading Ltd is regulated by CySEC (License Number 079/07). Easy Forex Trading Ltd is the only entity that onboards EU clients, easyMarkets Pty Ltd is regulated by ASIC (AFS License No. 246566), EF Worldwide Ltd in Seychelles is regulated by FSA (License Number SD056), EF Worldwide Ltd in the British Virgin Islands is regulated by FSC (License Number SIBA/L/20/1135) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835), licence in Ireland as remote bookmaker for fixed odds betting licence number 1016176 | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) |
| Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 |
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| Used By | 200,000+ | 730,000+ | 40,000,000+ | 2,000,000+ | 15,000,000+ | 750,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 11,200,000+ |
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| Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) |
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| Learn More |
Sign
Up with icmarkets |
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Up with roboforex |
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Up with etoro |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 46% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 80% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.99% 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. | 72-95 % of retail investor accounts lose money when trading CFDs | 57% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 62% of retail CFD accounts lose money | 74% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
| Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Brokers For Beginners 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 Brokers For Beginners for 2026 article further below. You can see it now by clicking here
We have listed top Brokers for beginners below.
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. 46% 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.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Crypto investments are risky and may not suit retail investors; you could lose your entire investment. Understand the risks here.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
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.
Losses can exceed deposits