To use chat, please login.
Back to contacts

Best Broker for a Newbie

Member Since May 27, 2021   57 posts
Feb 28, 2022 at 11:58
Well there are a lot of regulated brokers with good trading conditions, some of them which I prefer are:
Fxview - $2/RT
IC Markets - $6/RT
Fxpro - $9/RT
Member Since May 31, 2021   56 posts
Mar 02, 2022 at 08:15
Newbies should trade with regulated brokers, and it would be an advantage if their broker is also an older broker.

ICM and FP Markets are regulated by ASIC and also older brokers with over 10 years of experience in forex. ICM has an opening balance of $200 AUD and FP Markets has a lower opening balance of $100 AUD.


Member Since Nov 03, 2020   70 posts
Mar 09, 2022 at 10:59
CocoChannel posted:
Well there are a lot of regulated brokers with good trading conditions, some of them which I prefer are:
Fxview - $2/RT
IC Markets - $6/RT
Fxpro - $9/RT
For lower commission, I would recommend fxview ($2RT), or Tickmill ($4RT). Both are solid brokers to use for me these days. Plus they are regulated, so you’ll be in good hands.
Member Since Apr 02, 2020   39 posts
Mar 10, 2022 at 02:38
For newbies, I suggest trading with good regulated brokers like Avatrade, CMC Markets, and FP Markets. 

I trade with FP Markets since their customer support is reliable and quick in answering clients' queries.
Member Since Jan 29, 2020   23 posts
May 25, 2022 at 16:18
i quite doubt whether is a best broker for newbies, or they are best for all traders.
best broker for newbies is a broker, which offers quite fascinating and complex educational content. it's a mandatory thing for you as for a rookie, because you should day'n'night explore new stuff for your development as a beginning trader. You know, the most suitable thing for you is to have a broker which would always answer your questions and have a clear interface on the websute and on the platform. It will help you to save the time spent on searching for particular instruments or tools. At least, I would recommend to find such brokers.
Member Since Aug 28, 2020   37 posts
May 26, 2022 at 09:08
For newbies, I recommend trading with regulated brokers such as ICM, Pepperstone, or FP Markets. The trading conditions are reliable and customer service is quick in solving queries with faster execution speed.
Member Since Jan 13, 2021   52 posts
Jun 13, 2022 at 16:08
skyjack777 posted:
Hi All,
       Have just been to the reviews on Brokers. I'll ask the question here. For someone in Australia, with a micro account between $250 to $500 dealing with .01 lots, is there any Brokers that come to mine. Thanks Bruce
This is something you can only answer, as friends for who they use but you’ll need to check them out. Can always demo with most first
Member Since Oct 20, 2020   49 posts
Jul 28, 2022 at 13:30
For newbies, I suggest trading with demo accounts to avoid unnecessary losses, and it also helps in developing forex strategies and skills.

Forex brokers like Avatrade and FP Markets provide educational materials such as video tutorials, e-books, and fundamental analysis.
Member Since Jul 04, 2022   29 posts
Sep 15, 2022 at 10:03
For newcomers, it is preferable to choose a broker that is regulated and provides a free demo account that does not expire soon, as well as proper customer service, because in the beginning, beginners will require assistance from customer service to resolve certain queries. 

I suggest my broker, FP Markets, because they have an excellent customer service team and their demo account expires only when not used for a certain period.
Member Since Aug 05, 2021   401 posts
Sep 22, 2022 at 15:46
Briosody posted:
I think newbies should choose a broker with low minimum deposit requirements and low commissions. Here are some good options:

• Eaglefx (min deposit - $10, commissions - $6/lot RT)
• Coinexx (min deposit - $5, commissions - $2/lot RT)
• Lqdfx (min deposit - $20, commissions - $7/lot RT)
Agree that having the option for a low deposit is a big perk to beginners. Always heard EagleFX and Coinexx were really good.
Member Since Sep 02, 2022   75 posts
Oct 03, 2022 at 10:18
Brokers serve traders with numerous trading facilities and they act as an intermediary. For both big and small investments, a secure broker is essential. Eurotrader is recognized as a secure broker. The broker is regulated by FSCA and offers all reliable trading platforms with flexible margin level and high trading leverage.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.