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Best Broker for a Newbie

GordonDenzil
Feb 11 at 09:12
53 Posts
In my opinion, Pepperstone, CMC, or FP Markets are good since they are regulated by ASIC and CYSEC. They are also some of the oldest brokers, especially FP Markets, which have been active for over 20 years.
radioactive
Feb 11 at 12:03
58 Posts
sebking1986 posted:
An account that is reliable and allows for fairly low initial deposits probably or micro account trading. Personally I use regulated and unregulated and can personally vouch for IG, IC Markets and CedarFX but you have to know what you will need from a broker and go from there.
Can agree with you on IC Markets. One of better brokers to trade, along with fxview and pepperstone.
skihav
Feb 12 at 17:27
801 Posts
For a beginner, an excellent option is a broker from Amarkets. As for me, according to the working conditions, this is now a really good option.
croisssan
Feb 13 at 09:29
939 Posts
Quite a good option now is a broker from Amarkets. At least, this option now seems to me quite reliable and profitable.
Quercine
Feb 23 at 12:59
47 Posts
I started live trading a year back with Coinexx, and it's going well so far. The trading conditions are good and the customer support is really helpful which I guess is very important for every new trader.
Bradley88
Feb 24 at 08:47
43 Posts
For beginners or newbies, I suggest trading with brokers that have a lower opening balance or with micro lot accounts for lower risks and loss value.

I recommend brokers like XM or FP Markets, because they are reliable to trade with and provide some of the best trading conditions. I trade with FP markets because their minimum opening balance is only $6 per round per lot.
Jude_craig
Feb 24 at 11:36
81 Posts
radioactive posted:
Can agree with you on IC Markets. One of better brokers to trade, along with fxview and pepperstone.
how long do they all take for withdrawals?
radioactive
Feb 25 at 11:23
58 Posts
Jude_craig posted:
radioactive posted:
Can agree with you on IC Markets. One of better brokers to trade, along with fxview and pepperstone.
how long do they all take for withdrawals?

@Jude_craig Last time when I used them, they were all on quick feet. Maximum withdrawal was within a day.
Jamerson
Feb 28 at 09:22
23 Posts
I'm currently trading with a demo account and will be live trading soon. I'm looking for a reliable, regulated broker with suitable trading conditions and lower commission costs. Any recommendations?
CocoChannel
Feb 28 at 11:58
57 Posts
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
croisssan
Feb 28 at 16:55
939 Posts
It is beneficial for a beginner to use a broker from Amarkets. This option seemed to me quite profitable and such that it can be profitable.
FredJones
Mar 01 at 09:11
33 Posts
Newbies need to be aware of scammers and brokers that manipulate your trades. Before choosing your broker, it is best to do research and check reviews on them.

I can recommend an older broker, FP markets. I currently scalp with their raw account that offers lower commission costs of $3 per lot and spreads averaging 0.0 pips.
skihav
Mar 01 at 12:01
801 Posts
I really liked the broker from Amarkets. It seems to me that in terms of work, this is a very profitable and reliable option for work.
Aubrey22
Mar 02 at 08:15
37 Posts
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.

Anhänge:

ddarko3
Mar 09 at 10:59
70 Posts
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.
croisssan
Mar 09 at 11:36
939 Posts
A beginner can use any broker. More critical is to use a demo account.
Xazvier
Mar 10 at 02:38
35 Posts
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.
skihav
Mar 10 at 09:49
801 Posts
For a beginner, it is not so much a broker that is important as learning on a demo account. I think that this aspect is more important now.
FredJones
Apr 28 at 07:50
33 Posts
For newbies entering into forex for the first time, I suggest brokers such as Avatrade or FP Markets, since their demo accounts provide educational materials such as e-books and video tutorials, and FP Markets' customer service is quick in answering any kind of forex related queries.
Fordrerne
May 25 at 16:18
23 Posts
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.
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