Best Online Forex Broker for Beginners - Top 5 Platforms of 2023

The needs of new forex traders can differ quite bit from their veteran counterparts. Newbies will often need some basic market information to help them get started, friendly customer service reps to help them with account opening, easy to use trading software and trading peers they can call upon for advice.

In ranking the top forex brokers for beginners, we’ve selected brokers who stand out in the areas of educational resources, customer service, user-friendly trading platforms, and social trading.

We look for brokers who have a deep archive of articles, webinars, e-courses, seminars, and personalized training. This will help provide you with the knowledge base and confidence to trade on your own.

Another area we weigh heavily is whether the broker offers attentive 24/hr multi-lingual customer service and personal account managers for all account types. Good service ensures smooth account opening, fund transfer and fast resolution of technological issues.

Trading software can be intimidating and difficult to navigate for newcomers to forex trading. We screen forex brokers to see if they also offer platforms with an intuitive, user-friendly interface ideal for beginners.

Lastly, we also considered the social trading services offered by brokers. Consulting with an active community of traders is an easy and fun way to get into forex trading and quickly climb up the learning curve.

Best Online Currency Trading Platforms for Beginners

Recommended

Avatrade

Open Account

Access to premium forex education service, Hushtrade, covering fundamental and technical analysis, trading strategy and psychology
Best Customer Support Award in 2009 from Daily Forex with 24 /5 phone support with local numbers in more than 34 countries
Self directed trading done via Metatrader 4. Not most user friendly platform but Avatrade has detailed video tutorials
Multiple social trading options via Mirror Trader and Zulutrade
Market Analysis and Educational Resources From Reputable Independent Providers Like Autochartist, FXInsights, Dow Jones, and Hushtrade

Avatrade Review

Markets.com

Open Account

Excellent Educational Resources including 1 to 1 training, Demo Accounts, Tutorials, Webinars, eBooks, and Charting Aids
24 Hour Award Winning Customer Service with support from Personal Account Managers and Trading Specialists
Offers user friendly Markets Webtrader platform that still has professional grade charting tools and indicators
Social trading via its Sirix Webtrader where you can view and copy trades of other community members in real time

Markets.com Review

Trade 360

Open Account

Trade360 provides real time information on the percentage of buyers and sellers of a given pair which can helping novice traders making trading decisions without having to first master the finer details of fundamental or technical analysis
Easy account opening process with your Google or Facebook account
Customer Support available via What's App chat allowing you to get your questions answers on the go
A user friendly but powerful browser-based trading platform with an intuitive point and click interface
Free trading signals from Alliance Signals, an independent signal provider

Trade 360 Review

Tradeo

Open Account

A unique social trading experience which allows you to learn from, follow, chat with more experienced forex traders
24/5 multi-lingual phone support plus personal account managers for accounts with deposits of $1000 or more
Award-winning, easy to use social trading platform which gives you free access and full transparency into other trader's portfolio and activity, signals, and market commentary
Easy account opening process with your Google, Facebook or Twitter account
Tradeo display the percentage of traders buying and selling every available instrument on its platform giving you valuable real-time market insights

Tradeo Review

EasyMarkets

Open Account

Winner of Best Forex Education in 2012 at the UK Forex Awards. Nice archive of educational articles, videos, eBooks as well as live webinars and seminars.
24/5 phone support for all accounts and personal assistance with trade strategy and order execution from Dealing Room for VIPs
User friendly EasyMarkets Webtrader with helpful tools like Inside Viewer
EasyMarkets does not offer social trading at this time

EasyMarkets Review

Top Forex Brokers for Beginners Ranking Summary

Here’s a table summarizing our ratings of the Best Forex Brokers for Beginners of 2023.

Broker	Education Resources	Demo Account	Multi-Lingual Phone Support	Social Trading	Software Platforms	Articles	Ebooks	Videos	eCourses	Webinars	Seminars	Personalized Training	Dealing Room Access
AvaTrade	Articles, Webinars, Videos, ebooks, access to Hushtrade (premium education website)	✓	✓	✓	Metatrader 4 (PC, Mac, Browser), Avatrader (PC, Mac, Browser), Avatrader Options (PC, Browser), Mirror Trader, ZuluTrade, Signal Trader, Metatrader 4 Mobile (android, ios), Avatrader Mobile (Android, ios)	✓	✓	✓	✓	✓	✗	✗	✗
Markets.com	1 on 1 Training, Videos, Webinars, Ebooks	✓	✓	✓	Metatrader 4, Metatrader 4 Multi-terminal, Market WebTrader, Sirix Webtrader, Market Mobile Trader	✓	✓	✓	✗	✓	✓	✓	✗
Trade360	Articles and eBooks	✓	✓	✓	Trade360 Online Trading, Trade360 iOS, Trade360 Android	✓	✓	✗	✗	✗	✗	✗	✗
Tradeo	Articles and Webinars	✓	✓	✓	Tradeo Social Webtrader, Metatrader 4	✓	✗	✗	✗	✓	✗	✗	✗
EasyMarkets	Articles, Videos, eBooks, Webinars, Seminars, Expos	✓	✓	✗	Metatrader 4 (PC), Metatrader Multi-terminal (PC), EasyMarkets Web Trader (Browser), Metatrader 4 Mobile (iPhone, Android), EasyMarkets Mobile (iPhone, Blackberry)	✓	✓	✓	✗	✓	✓	✗	✓

Top 5 Forex Brokers for Beginners

Best Online Currency Trading Platforms for Beginners

Top Forex Brokers for Beginners Ranking Summary