Best Brokers For Beginners Guide
Brokers for Beginners
In recent years, after the recession of 2008, financial markets across the world have seen unprecedented change, impacting almost all the investors and brokers. Since 2008 the financial markets perceived volitility has brought new beginner investors hoping to capitalise on the markets.
This growth of new retail investors has meant new brokerages have opened up offering tailored tools, platforms and educational resources geared at new traders. Trading the markets online now is more accessible to the average trader than it ever has been. Helped greatly by advances in mobile technology.
There are several brokers for beginners in the financial markets. They are specialize in dealing with individuals who are either new to the trading world or new to a particular financial market.
Best Brokers for Beginners
Many brokers may claim to be the best for beginners but it is important to verify their services. There are several ways to do so.
Financial Regulation
The first thing to do in the process of finding brokers is to check whether they are regulated by the local jurisdiction or a financial regulatory authority of a major EU country.
Proper regulation means traders are protected the law and any deposited client funds are not misused by brokers.
The second important thing to consider when searching for brokers is to check whether the funds of clients are kept segregated from the funds of brokers. This is a precautionary measure to assure that funds are not used by the brokers for personal or office use. If a broker goes bankrupt for example they have no direct access to your funds.
Demo Accounts for Beginners
Find out whether a demo account can be opened before trading with a live account.
The demo account comes with virtual currency and it is the best way to learn investment strategies and experience the market and the brokers trading platform.
Once you are ready, you can open a live account and traders can start trading with real money on the live markets.
Platforms
Check that your brokerages are offering the best trading platforms like MT4 and MT5.
Fees
Traders need to check the fees and commissions charged by the brokers. Some brokers may charges very high fees but offer additional services, while others may claims to offer very low fees and commissions but offer limited tools.
Do not get lured in by low fees and commissions.
The services offered by low fee brokers may not be up to the mark.
However, it is also true that paying a high fee or commission does not mean the best services offered in return.
If possible, talk to the existing clients of the brokers. Find out whether they are satisfied with the services offered.
Customer Service
Customer care plays an important role in trading.
The brokers should always be ready to help and if a problem arises your broker should resolve your issue quickly.
New traders should check how the brokerage help center works, whether it is active throughout the day while the financial market is open.
Check if the brokerage can serve you in a language you are comfortable with.
Brokers For Beginners Verdict
If all the criteria outlined above are met by brokers, beginners can go ahead and start trading with their platforms. Do not compromise or hurry when looking for brokers. It can take time to understand the different brokers offerings.
We've collected thousands of datapoints and written a guide to help you find the best Brokers For Beginners for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best brokers for beginners below. You can go straight to the broker list here.
Reputable Brokers For Beginners Checklist
There are a number of important factors to consider when picking an online For Beginners trading brokerage.
- Check your broker For Beginners has a history of at least 2 years.
- Check your broker For Beginners has a reasonable sized customer support of at least 15.
- Does the broker For Beginners fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your broker For Beginners has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your broker For Beginners have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your broker For Beginners can hire people from various locations in the world who can better communicate in your local language.
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 Brokers For Beginners.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Brokers For Beginners.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Brokers For Beginners of 2020 compared
Here are the top Brokers For Beginners.
Compare Brokers For Beginners min deposits, regulation, headquarters, benefits, funding methods and fees 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
| Broker |
FP Markets
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Trading212
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XTB
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IC Markets
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Pepperstone
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EasyMarkets
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XM
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City Index
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Forex.com
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OctaFX
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| Rating | ||||||||||
| Regulation | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | 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 | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Financial Conduct Authority (FCA) |
| Min Deposit | 100 | 1 | No minimum deposit | 200 | 200 | 100 | 5 | 25 | 500 | 5 |
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| Used By | 10,000+ | 14,000,000+ | 250,000+ | 60,000+ | 10,000+ | 142,500+ | 70,000+ | 14,000+ | 40,000+ | 30,000+ |
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| Platforms | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with fpmarkets |
Sign
Up with trading212 |
Sign
Up with xtb |
Sign
Up with icmarkets |
Sign
Up with pepperstone |
Sign
Up with easymarkets |
Sign
Up with xm |
Sign
Up with cityindex |
Sign
Up with forexcom |
Sign
Up with octafx |
| Risk Warning | Losses can exceed deposits | 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. | 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. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 | Your capital is at risk | Your capital is at risk | 74% of retail investor accounts lose money when trading CFDs with this provider | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
| Demo |
FP Markets Demo |
Trading 212 Demo |
XTB Demo |
IC Markets Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
City Index Demo |
Forex.com Demo |
OctaFX Demo |
| Excluded Countries | US, JP, NZ | US | US, IN, PK, BD, NG , ID, BE | 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 | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW | BE | US |
All Brokers for beginners in more detail
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 2020 article further below. You can see it now by clicking here
We have listed top Brokers for beginners below.
Brokers For Beginners Table of Contents
- Brokers For Beginners Explained
- 6 Factors to Consider when Choosing Brokers For Beginners
- Are Your Brokers For Beginners Trusted And Established?
- Are The Brokers For Beginners World Leading?
- What are the Brokers For Beginners Commissions and Fees?
- What are the Brokers For Beginners Funding and Withdrawl Methods?
- Find Brokers For Beginners with Round-the-clock support?
- Make sure the Brokers For Beginners Offer Comprehensive Trader resources?
- Why do Brokers For Beginners need to be regulated?
- Brokers For Beginners FAQ
- What are the best Brokers for beginners brokers?
- What is the best Brokers for beginn broker?
- Related Brokers For Beginners Reviews
- Related Brokers For Beginners Alternatives
- Related Brokers For Beginners Comparisons
Brokers For Beginners Explained
Trading the financial markets with Brokers For Beginners when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Brokers For Beginners is the platform that a Brokers For Beginners offer.
Choose Brokers For Beginners that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Brokers For Beginners that you can rely on.
6 Factors to Consider when Choosing Brokers For Beginners
Follow these five rules for selecting a broker that's right for you:
Are Your Brokers For Beginners Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated For Beginners broker is FP Markets. Established in 2005, and in operation for 15 years FP Markets have a head office in Australia.
FP Markets is regulated. This means FP Markets are supervised by and is checked for conduct by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Trading 212.
Trading 212 was established 2006, and in operation for 14 years Trading 212 have a head office in UK.
Trading 212 is regulated. This means Trading 212 are supervised by and is checked for conduct by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
FP Markets
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Trading212
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XTB
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IC Markets
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Pepperstone
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EasyMarkets
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| Year Established | 2005 | 2006 | 2002 | 2007 | 2010 | 2001 |
| Head Office | Australia | UK | Poland | Australia | Australia | Cyprus, Australia |
| Regulation | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | 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 | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Used By | 10,000+ | 14,000,000+ | 250,000+ | 60,000+ | 10,000+ | 142,500+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | Yes | No | No | No | Yes |
| Learn More | Visit FP Markets | Visit Trading 212 | Visit XTB | Visit IC Markets | Visit Pepperstone | Visit easyMarkets |
| Risk Warning | Losses can exceed deposits | 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. | 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. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 | Your capital is at risk |
Are The Brokers For Beginners World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. FP Markets Segregates clients funds and offers over 100 instruments. FP Markets offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, FP Markets supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. FP Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Brokers For Beginners is Trading 212 . Trading 212 Segregates clients funds and offers over 3000 instruments.
| Broker |
FP Markets
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Trading212
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XTB
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IC Markets
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Pepperstone
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EasyMarkets
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| Instruments Available | 100 | 3000 | 1,500 | 232 | 100 | 200 |
| Platforms | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
| Excluded Countries | US, JP, NZ | US | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | US | BR, KR, IR, IQ, SY, JP,US | US |
| Forex pairs offered | 60 | 177 | 50 | 65 | 70 | 150 |
| Forex pairs offered | 60 | 177 | 50 | 65 | 70 | 150 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | Yes | Yes | Yes | Yes |
| Commodities Offered | 18 | 14 | 21 | 19 | 16 | 12 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes | Yes | No | Yes |
| Stocks Offered | 10000 | 1731 | 1696 | 100 | 60 | 52 |
| UK Shares | Yes | Yes | Yes | No | No | Yes |
| US Shares | Yes | Yes | Yes | Yes | No | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | No | Yes |
What are the Brokers For Beginners Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated For Beginners broker FP Markets offers competitive offers for Forex, CFDs. FP Markets minimum deposit is 100.
Another top rated For Beginners broker Trading 212 offers Stocks, Forex, Commodities, Indices. Trading 212 minimum deposit is 1.
| Broker |
FP Markets
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Trading212
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XTB
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IC Markets
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Pepperstone
|
EasyMarkets
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| Min Deposit | 100 | 1 | 0 | 200 | 200 | 100 |
| Withdrawl Fees | No | No | varies | No | No | No |
| Inactivity Fees | No | No | No | No | Yes | No |
| Deposit Fees | Yes | No | No | Varies | No | No |
| CFD Commission Fees | Yes | No | Yes | Yes | Yes | No |
What are the Brokers For Beginners Funding and Withdrawal Methods?
When dealing with Brokers For Beginners having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
FP Markets
|
Trading212
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XTB
|
IC Markets
|
Pepperstone
|
EasyMarkets
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | Yes | No |
| Skrill | Yes | Yes | Yes | Yes | Yes | Yes |
| Payoneer | No | No | Yes | Yes | No | |
| Neteller | Yes | No | Yes | Yes | Yes | Yes |
Find Brokers For Beginners with Round-the-clock support?
Customer service is very important when dealing with Brokers For Beginners.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Brokers For Beginners customer support can include Phone answering services, Live chat support and Email customer service support.
FP Markets support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese
Trading 212 support a wide range of languages including English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
FP Markets and Trading 212 offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
FP Markets
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Trading212
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XTB
|
IC Markets
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Pepperstone
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EasyMarkets
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| Support |
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| Languages | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文 | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, German, Arabic, Chinese, Spanish and Polish |
| Learn More | Visit FP Markets | Visit Trading 212 | Visit XTB | Visit IC Markets | Visit Pepperstone | Visit easyMarkets |
| Risk Warning | Losses can exceed deposits | 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. | 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. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 | Your capital is at risk |
Make sure the Brokers For Beginners Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, FP Markets and Trading 212 work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why do Brokers For Beginners need to be regulated?
A regulated For Beginners broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
For Beginners brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Brokers For Beginners List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account