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Questions and StoriesCategory: QuestionsWhich Forex Broker Would You Recommend to Beginners?
Nnaemeka Victor asked 3 months ago
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14 Answers
Eli Davis Keinamura answered 3 months ago

you have to get regulated brokers,who have experience  of more than ten years,with little minimum dollar account opening.deposit and withdraw fees,type orders they have,and read forex broker reviews is a must from forex peace army review.brokers with many problems should be avoided.
 

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Male answered 3 months ago

There many Forex brokers on the internet that gives training to beginners.

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Gareth White answered 3 months ago

Definitely make sure they are a regulated broker. Look at the leverage they offer you and also the spread as this can make a huge difference

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Leno Jean Pierre answered 3 months ago

The Best forex broker for beginners offer three essentials benefits
The first and most important, they must be regulated and trusted brand ;
Second they provide a strong variety of educational ressources ;
Third ,they provide access to quality market research.
Recommend for beginners :
Plus500:best for beginners overall ;
Markets.com:easy to use platform;
Saxobank :excellent platform, high minimum deposit;
Admiral Market :(the one I’m using )best forex educational variety.

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Nnaemeka Victor answered 3 months ago

You have said it all. High regulation, minimum deposit, proximity, accessibility and low spreads are among the factors to consider when choosing a broker.

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Leno Jean Pierre answered 3 months ago

There are several Forex brokers on Internet most of them are good Brokers, some of them are scammers so be aware of this.
Your forex broker must be regulated and trusted. Then make sure he has training tools, and good trading platform.

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Gareth White answered 3 months ago

Stick to the regulated brokers as a beginner ensuring they offer support and education. There are a lot to chose from. The most important thing is dont trade with real money until you know what you are doing.

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Leno Jean Pierre answered 3 months ago

Many Forex brokers offer good educational background on their website, platform. A broker that give you a full access to your account is not to neglect. Of course there are lots of things to mention suck as. Pairs currency they offer, minimum deposit, regulation, spread and commissions etc…

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Jackson Mugarura answered 3 months ago

Quite many good ones one the internet, but one should look a legit one.

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Gareth White answered 3 months ago

Always pick a regulated broker. Brokers are regulated for a reason the same as bank and other financial institutions. Picking one that is based in your hoe country will also make dealing with any issues a lot easier and that it follows all the laws that are applicable for you

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Leno Jean Pierre answered 3 months ago

I recommend Admirals Markets. It’s a good broker and regulated. I’ve never have a problem with them.

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Leno Jean Pierre answered 3 months ago

Recommand Admiral market for Many reasons.
They are registered and regulated in UK,France, Australia…
You can open more than Two démo account ,
They have a good customers service ;
They have many currency pairs, CDFs, Cryptocurrencies, commodities to Trade,
Minimum deposit is 200$ through many accessible payement system
Lot spread
No commission
And many others things that can benefit you.

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Kenneth Ogbonnaya answered 3 months ago

I would recommend lite forex.

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Eli Davis Keinamura answered 4 weeks ago

Ava traders ,hotforex  and IC markets are also good brokers

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