5 Best Forex Brokers for Beginners

Are you thinking of getting into forex trading? If so, you'll want to find a good broker who can help you get started. In this article, we will share 5 of the best brokers for beginners and share with you some tips on how to choose the best forex broker 2022. 

5 Best Forex Brokers for Beginners
[image: pexels by nataliya vaitkevich]

Let’s start now.

How to choose a forex broker?

Here are a few key things you should consider before choosing the forex broker:

license availability - Without a license from the regulator authority, brokerage companies cannot operate legally and will face consequences. A reliable broker has to be properly licensed in order to do their job right.

account features - every broker offers different account features, so comparing the brokers pay attention to leverage size, commissions, spread, and initial deposit requirements. 

currency pairs and trading platforms - The currencies that receive the most attention and trade with great liquidity are few in number and the brokerage company must offer you them. The same is with trading platforms. As you know the trading platform is the ‘’entrance door’’ to the world of trading and the powerful one will guarantee your success. 

customer service support - It is important for every broker to have a 24/5 customer service in order to satisfy traders’ requests and solve the issues if needed.

5 best forex brokers for beginners

The brokers we have outlined meet the above factors and are quite worthy candidates for the title of the best forex brokers for beginners. 

Let’s get acquainted with the list:

1. HFM  

HFM is the perfect brokerage company to trade if you're looking for a wide variety of trading tools and high-quality customer support. You also get complete asset security with HFM - this means that not only does their platform provide peace of mind when investing money into the Forex market but additionally keeps it safe from any scams looking at taking advantage during downtime periods in markets.

Rating: 5  

2. Markets.com  

Markets.com is a great place for beginners who want to manage and grow their portfolios with 4 different trading platforms, 14 high-quality tools including an extensive library on asset selection techniques as well webinars where newbies can learn more about becoming knowledgeable in trading.

Rating: 4.8  

3. Pepperstone 

For those who are just starting out in the Forex market, Pepperstone offers a great way to get acquainted with all aspects of trading as well. The company is regulated by FCA and ASIC so you know your money will be safe. It offers a wide range of investment options for traders who want to trade forex (CFD and crypto as well). The account opening process takes less than 10 minutes and the customer service team is quick with answers - so it is perfect if you're starting out!

Rating: 4.8  

4. XM Markets  

XM Markets is the perfect place for anyone who wants to start investing in foreign currency. The company offers a wide range of services that can help you get started with everything from selecting an investment strategy and picking out your brokerage account all the way to managing trades.

Rating: 4.7  

5. Saxo Bank  

Saxo Bank offers traders a wide range of products and services to help them achieve their trading goals. They do this by providing easy-to-use tools on top, as well as informative content for more advanced users who want in-depth knowledge about how markets work. The interface is simple enough that beginners could get started right away too so there’s never been an easier time than now trading online with them.

Rating: 4.8  

HFM as the best forex broker for beginners

To summarize, if you want to start your trading career with the best forex broker - HFM is the choice.

The broker offers everything you need for an efficient and convenient trading process. All you have to do is trust and start trading with HFM.

Conclusion

So, we have introduced you to the key moments while choosing a forex broker and the list of best forex brokers you can use as an option.

To wrap it up we would like to add that forex trading seems complicated to beginners, but with the right broker choice, you will go through difficulties with confidence. So take your time, select the broker and start trading!