We found 11 online brokers that are appropriate for Trading 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.
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.
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.
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.
Check that your brokerages are offering the best trading platforms like MT4 and MT5.
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 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.
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.
There are a number of important factors to consider when picking an online For Beginners 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.
We compare these features to make it easier for you to make a more informed choice.
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 |
eToro
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IC Markets
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XTB
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FP Markets
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Trading212
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Pepperstone
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EasyMarkets
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XM
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Forex.com
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City Index
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OctaFX
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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) | 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) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 200 | 100 | 5 | 100 | 25 | 5 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 10,000+ | 14,000,000+ | 10,000+ | 142,500+ | 70,000+ | 150,000+ | 14,000+ | 30,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | 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, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps |
Support |
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Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with xtb |
Sign
Up with fpmarkets |
Sign
Up with trading212 |
Sign
Up with pepperstone |
Sign
Up with easymarkets |
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Up with xm |
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Up with forexcom |
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Up with cityindex |
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Up with octafx |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. 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. | 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 | Your capital is at risk | Your capital is at risk | 74% of retail investor accounts lose money when trading CFDs with this provider | 75% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
Forex.com Demo |
City Index Demo |
OctaFX Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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 | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | BE | 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 | US |
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 2021 article further below. You can see it now by clicking here
We have listed top Brokers for beginners below.