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.
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.
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.
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.
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
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.
There are several aspects to keep in mind while choosing a broker for the first time, but one thing that remains right at the top of the list is ‘reliability’. A broker has to be reliable in terms of offering trading conditions and withdrawals. That’s how a trader can think of going long-term with them.
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.
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