This guide is really for you if you’re also looking for the best forex brokers for beginners.

Choosing the best brokerage platform is the first and most crucial step in getting into the stock market. And if you’re starting, things get even more challenging.

Since the forex market is the biggest financial market, more scam brokers are out there. So, if you want to trade Forex more effectively, finding a broker you can trust becomes essential.

We’ve put together a list of the best forex brokerage platforms based on their services, features, and how well-known they are.

Top 5 Best Forex Brokers for Beginners:

If you want to know which forex brokers are the best, look at our list. Compare them all and pick the one that best fits your trading needs, style, and willingness to take risks.

HG Markets Pvt. ltd

HG Markets Pvt. ltd, a well-known CFD and Forex broker, is at the top of our list of the 5 best forex brokers for beginners because it’s trading services are so good.

In addition to Forex, the platform lets you trade CFDs on more than 150 underlying assets. Regarding rules, the FSA (Financial Services Authority) closely monitors the broker.

Also, the trading platforms are easy to use and simple, which is another reason it is best for beginners.

The broker also has a free demo account that new traders can use to get used to trading before entering the real market. The spread charges on this platform are also low, starting at 0.3 pips. HG Markets Pvt. ltd also has a competitive fee structure, and trading with them costs you nothing.

Why Should I Pick HG Markets Pvt. ltd?

• Trading with no fees
• Interactive Learning Tools, such as articles, videos, and webinars, are free with a demo account.
• User-friendly Platforms
• 24/5 work-related Help for customers

Vantage FX

Vantage FX is an Australian company that acts as a broker for CFDs and Forex in more than 100 countries. The best thing about Vantage FX is that some global financial regulators oversee it.

The broker is regulated by AFSL, FCA, CIMA, and VFSC, the main ones. There is a free demo account for new people to the platform.

The most leverage you can use when trading Forex is 500:1. The broker also has an easy-to-use MT4 platform and an interactive mobile app.

Customer service is open 24 hours a day, seven days a week, and can be reached by phone, email, and live chat.

Considering all these things, Vantage FX is one of the best and most ideal forex brokers for beginners.

Why Should I Pick Vantage FX?

Well-regulated demo trading accounts with lots of educational content and platforms that are easy to use.

24/five Customer Service

CMC Markets

CMC Markets is one of the oldest and most popular financial service providers. Its headquarters are in the United Kingdom, and it lets people trade shares, Forex, and CFDs.

The broker has been in the financial business for years and has a lot to offer new traders. The Financial Conduct Authority is also in charge of regulating the brokerage platform (FSA).

The best thing about trading with CMC Markets is that it has low fees, and you don’t have to worry about making a minimum deposit.

Along with advanced trading platforms, the broker also gives new traders a free trading account to get used to natural market conditions without risking their own money.

Why Should I Pick CMC Markets?

Tight Spreads, a free demo trading account, and a lot of help with learning.

PrimeFin

PrimeFin has won awards and is the last on our list of the 5 best forex brokers for beginners. You might be surprised to learn that PrimeFin also gives the Argentine Football Team money.

The Labuan Financial Services Authority also closely monitors the broker (LFSA). The broker has three trading accounts and a practice account for people just starting.

With this account, they can try new trade methods before using them in their actual trades. PrimeFin’s account opening process, on the other hand, is straightforward.

PrimeFin is a market maker because it doesn’t charge commissions and has low fees. At the same time, educational content on the platform can help you learn more about trading.

Why Should I Pick PrimeFin?

• Opening an account is easy and takes little time.
• Access to learning tools with a free demo account
• No Fees, 24/7 Customer Service

Summary

Above, we talked about the 5 best forex brokers for people just starting. These brokers are the best in every way, including fees, trading platforms, services, etc.

So, if you’re new to forex trading and looking for the best broker, you can choose from these top brokers. All of the features of these brokers are shown above. So, look at both and pick the best one.