10 Best Forex Brokers for Beginners 2024

Are you a beginner in the world of forex trading? Are you looking for a reliable forex broker that can assist you in making your first trades? If so, you’ve come to the right place! In this article, we will be discussing the 10 best forex brokers for beginners in 2024. Forex trading can be daunting for those who are new to the field, but with the right broker, you can make informed decisions and achieve success.

We have carefully researched and analyzed various brokers to bring you a list of the top 10 brokers that offer beginner-friendly platforms, low fees, educational resources, and excellent customer support. Whether you’re looking to trade major currency pairs or exotic currencies, we’ve got you covered. Let’s dive in and find the perfect broker for your needs!

10 Best Forex Brokers for Beginners 2024

AssetsFX

Start Trading

Full Review

AssetsFX, a Forex broker established in 2013, provides online currency trading and CFD trading on metals, indices, and US and EU stocks. With over 180,000 traders worldwide, AssetsFX is known…

Founded :

2013

Headquarters :

Mauritius

Regulation :

FSC Mauritius registration number C207079 GBC and license number GB23201811.

Trading Desk :

ECN/STP

Min Deposit :

$1

Leverage :

1:500

Platforms :

MT4/MT5, Webtrader

RoboForex

Start Trading

Full Review

RoboForex Ltd, established in 2009, is a globally recognized financial brokerage company adhering to stringent regulatory standards under the Financial Services Commission of Belize. It offers diverse account types suited…

Founded :

2009

Headquarters :

Belize

Regulation :

FSC license No. 000138/333.

Trading Desk :

ECN

Min Deposit :

10

Leverage :

1:1000

Platforms :

MetaTrader 4, MetaTrader 5, cTrader, R WebTrader, R MobileTrader, R StocksTrader

FXRoad

Start Trading

Full Review

FXRoad is a leading online trading platform very low trading costs, charges no fees for deposits and withdrawals, and offers a great trading app powered by TradingView. FXRoad offers range…

Founded :

2023

Headquarters :

Mahe Seychelles

Regulation :

FSA Seychelles with a registration number 8426168-1

Trading Desk :

ECN

Min Deposit :

$250

Leverage :

1:200

Platforms :

WebTrader, FXRoad iOS App and FXRoad Android App

CapPlace

Start Trading

Full Review

CapPlace is a leading online trading platform, developed in providing traders of all levels with advanced analytical tools, a user-friendly interface and access to a diverse range of financial instruments…

Founded :

2023

Headquarters :

Comoros

Regulation :

MISA – MWALI International Services Authority license number T2023294

Trading Desk :

ECN

Min Deposit :

$250

Leverage :

1:200

Platforms :

Japanese

Finex

Start Trading

Full Review

FINEX is a leading broker providing the best conditions for trading Forex currencies, commodities and indices. FINEX founded in 2012 and are supervised by the regulator in Indonesia, namely BAPPEBTI…

Founded :

2012

Headquarters :

Indonesia

Regulation :

BAPPEBTI

Trading Desk :

ECN

Min Deposit :

$10

Leverage :

1:500

Platforms :

MT5

Doo Prime

Doo Prime

Full Review

Doo Prime Review Doo Prime, an online Forex and CFD trading company headquartered in the Cayman Islands, is a part of the Doo Group company. The company offers clients access…

Founded :

2014

Headquarters :

Vanuatu

Regulation :

Regulated by the SEC and FINRA in the U.S., the FCA in the UK, the ASIC in Australia, the FSA in Seychelles, the FSC in Mauritius, and the FSC in Vanuatu.

Trading Desk :

ECN/STP

Min Deposit :

$0

Leverage :

1:1000

Platforms :

MT4, MT5, Doo Prime InTrad, TradingView

FXGT.com

Start Trading

Full Review

FXGT is a new breed of Forex broker. FXGT is the upshot of the digital transformation of currency markets and the widespread adoption of cryptocurrencies. We offer traders the stability…

Founded :

2019

Headquarters :

Seychelles

Regulation :

Financial Sector Conduct Authority (South Africa), Financial Services Authority (Seychelles), License number SD019

Trading Desk :

ECN/STP, Market Maker

Min Deposit :

$5

Leverage :

1:1000

Platforms :

MT4, MT5, Web, Mobile

Capex

Capex.com

Full Review

CAPEX has been recognized as the Fastest Growing Provider of 2016, leading the industry by providing custom solutions. Capex is a global broker with over 2,100 trading instruments across forex,…

Founded :

2016

Headquarters :

Cyprus

Regulation :

CySEC, FSCA, ADGM

Trading Desk :

ECN

Min Deposit :

$100

Leverage :

1:30

Platforms :

CAPEX WebTrader, CAPEX App

Headway

Headway

Full Review

Headway is a online broker based in South Africa and authorised and regulated by FSCA – Financial Sector Conduct Authority, license number 52108. Headway offers the most common currency pairs…

Founded :

2022

Headquarters :

South Africa

Regulation :

FSCA License Number 52108

Trading Desk :

ECN

Min Deposit :

$1

Leverage :

From 1:1 to 1:Unlimited

Platforms :

MT4 and MT5

CPT Markets Ltd

CPT Markets

Full Review

CPT Markets is a leading provider of international financial derivatives and related services. CPT Markets is an OTC derivatives broker headquartered in Belize and founded in 2010. It provides retail…

Founded :

2010

Headquarters :

Belize

Regulation :

FCA (United Kingdom), FSCA (South Africa), FSC (Belize) (License number IFSC000314/247).

Trading Desk :

STP, ECN

Min Deposit :

Classic – 0, Prime – $5000

Leverage :

Max 1:500

Platforms :

MT4, MT5

Conclusion

In our experience, the best forex brokers for beginners strike a careful balance between user-friendly interfaces and extensive instructional materials. These brokers offer straightforward tools that simplify the complexities of forex trading, which is crucial for newcomers.

However, novices might find the number of options overwhelming and face a substantial risk of loss due to the steep learning curve associated with trading. Therefore, strong customer service is essential in helping new traders overcome initial challenges.

Overall, we conclude that a broker combining regulatory rigor, instructional depth, and user accessibility, without compromising customer service, is an excellent choice for beginners in forex trading.