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In a world where Forex trading has become more and more popular as the years went by, it’s crucial to be able to choose a good broker if you want to be successful. With a plethora of options available right now, it can get incredibly difficult to do this. This is why, in this article, we will tell you about some of the best Forex brokers to start with.
Our choices might seem contradictory for some but this is precisely our goal. There are some Forex brokers out there that absolutely everyone knows. However, there are also some hidden gems that could even help you more. Our selection of online brokers is based on these criteria. Hopefully, it will help beginner traders pick a Forex broker that will push them to learn more and become successful. Here we go!
Etoro
- No fees on deposits
- Regulated parent company
- Available within most US states
- 100+ cryptocurrency pairs available
$0
AlphaFXC
- 1000+ cryptocurrency pairs available
- Offers stocks, bonds, ETFs, crypto and more
- 1-on-1 learning available
- No fees/limits on deposits
$250
Royal Noble Group
- 1000+ cryptocurrency pairs available
- Offers stocks, bonds, ETFs, crypto and more
- 1-on-1 learning available
- No fees/limits on deposits
$250
FinAcademy
Learn to trade the markets via education by converting theory into live practice. Tangible results is the key to long-term efficiency and trading success.
- Free Courses
- Free Live Webinars
- Live Trading Rooms
- SMS & E-Mail Signals
The educational platform called FinAcademy was born out of the minds of professionals with over twenty years of experience in the trading and investing domains. The academy wishes to offer trading education that works well for both beginners and more experienced users. The main purpose of this team is to become responsible for the training of lots of people and get them ready for a safe and efficient trading career. It’s easier said than done! All of this requires passion and a clear understanding of everything someone needs in order for them to enjoy the experience and avoid unnecessary risks and losses.
FinAcademy offers, besides free e-books and three types of courses, some trading rooms, trading signals, and free webinars for those who want to become traders. The platform is user-friendly, fast, and was recently redesigned to help people learn and improve as much as possible. The academy’s goal is to educate hardworking people who have a passion for trading. These are some of the most interesting educational services and resources that FinAcademy offers to its students.
*the free courses, alerts & signals will be sent only after registration.
eToro
Ask anyone, even if they are not Forex traders, and they would have surely heard about eToro, at least in an ad. This is an obvious choice as this is one of the most popular and established Forex brokers on the market right now. Founded back in 2007, eToro has its headquarters in the United Kingdom. It is active in about one hundred countries in the whole world and has over 17 million users worldwide.
It is worth noting that for customers in the United States, eToro only offers the possibility to trade cryptocurrencies. These people have access to the most popular cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, etc. In total, there are 15 crypto types that U.S. citizens can trade on. At the moment, eToro does not offer equity trading for these people.
For the rest of the world, this broker offers everything that a trader might want like contracts for difference, stocks, Forex, etc. There is also a very interesting option that eToro offers, which is called copy trading. This means that retail account holders can effectively copy the trading strategies and the actual trades of successful clients, all in real-time.
The eToro trading platform and mobile app
It’s also worth noting that the actual trading platform of eToro and its mobile trading app are almost identical. This means that it’s extremely easy to trade anything you want on the go, at any given time. Clients won’t have to go through extra training or be extra careful when using the mobile app because it’s exactly the same as the basic platform.
Opening an account
In case someone wants to open an account on eToro, they should know that the entire process is super easy. You only need to submit all the necessary information and then wait for a couple of days. During this time, your request will be processed, your identity verified, and your account will finally be opened.
In the case of U.S. and Australian residents, the minimum required deposit is only $50. For residents of Algeria, the minimum amount is $5,000. Finally, for all the other parts of the world, the minimum required deposit is $1,000. U.S. residents can only open accounts in cash and fund them using Plaid. People in most countries outside the U.S. can also use their credit cards as well as services like PayPal, Skrill, Neteller, etc.
Education and customer service
When it comes to trading education, on eToro, people in the U.S. don’t benefit from much. The most useful resource for them can be found in the Help Center area of the official webpage. This section offers valuable info concerning accounts, trading, your wallet, deposits, withdrawals, and many other things. Clients outside the U.S. borders can enjoy weekly webinars that have a high educational value. They usually teach people about cryptocurrencies, fiat currencies, and trading in general.
As for the eToro customer service, clients with accounts under $5,000 can submit a trouble ticket in case they have problems. You can also chat with an agent live using the chat window. Once your account is higher than $5,000, you get assigned to an account manager. Accounts that are over $25,000 enjoy priority customer support which is extremely helpful.
You can always find out all the necessary info regarding what more can eToro offer on their official website. Their offer is huge and their reputation incredible, which is why we recommend it as one of the best Forex brokers to start with.
Royal Noble Group
Royal Noble Group is an international trading company offering brokerage services on Forex and crypto in global markets. It has a large footprint and has been designed to bring important technologies and resources to interested people around the world.
This broker markets itself as being committed to building a magnificent trading and investment climate. According to multiple client testimonies, their three trading platforms are some of the best available today. They’re all about instant executions and apparently, they don’t have glitches, lags, or bugs.
It should be noted that this broker is an expert in the new Sirix technology. The refined investment climate, large spreads, and high-quality client services are available to people all over the world. Moreover, the Royal Noble Group tools and assets are designed to complement both novices and seasoned individuals in the same way.
Royal Noble Group trading platforms and app
Royal Noble Group offers clients two main web-based trading platforms. The first one is easy-to-use and the perfect tool for anybody who wants to travel. They can still do business while trading from anywhere on the planet without downloading or installing any programs. Traders only need a secure internet connection and an updated browser. Some of the benefits of this web trader include multilingual support and full-time availability for all users.
Their Sirix web trader is a little bit more nuanced. This type of trader diminishes the barriers of downloading and installing. This way, you can enter a market from wherever you are, at whatever moment in time you need to. It unites all the assets required for successful and secure trading in an advantageous environment.
Last but not least, the Royal Noble Group mobile trading app can be downloaded from all app stores. This service allows everyone to view their existing accounts from a smartphone or a tablet. It is very simple to use, fast, bug-free, and provides everything a traditional web broker does, at the tip of your fingers.
Royal Noble Group account types
Royal Noble Group has six distinctive accounts that they can pick from. They are called the Basic, Silver, Gold, Platinum, VIP, and Algo Fund accounts.
In general, the minimum required deposit for the Basic Account is only 250 Euros. Also, the investment that you need to have in place for the Silver account is at least 2,500 Euros. The amount increases as the value of the accounts grow. For example, for the VIP account, you should place at least 150,000 Euros to make the most of it. Obviously, the benefits that you can have from each of these accounts also increase with the price.
The Royal Noble Group official website is intuitive and definitely helpful if you want to find out more. We were definitely impressed with their offer and professionalism, even if they are not as famous as eToro. In fact, these new options are here to open up new possibilities for new traders. The Forex brokers presented in this article are all worth checking out because they are professional and trustworthy.
AlphaFXC Trading
AlphaFXC Trading has a trading offer that will attract both new and experienced traders. That’s mostly because of the trading platforms that have been designed to be user-friendly. The same is true with their six separate account types. Each has a unique toolset and advantages based on the user’s level of experience. This broker’s ultimate aim is to provide each of its clients with a tailored trading experience. The goal is for them to enjoy a truly customizable trading practice, learn simple trading skills, and be successful.
This fairly unknown broker’s offer contains over a thousand CFD and Forex tradable assets. It also has exchange commissions that are as low as 0.87% and a fee on each position that is as low as 0.82%. Even if the broker might not be that well known, for now, the team behind it has over twenty years of experience in this industry. This makes it extremely trustworthy and worth checking out.
AlphaFXC Trading platforms and mobile app
The AlphaFXC trading platforms are customer-friendly, fast, and provide everything you need to trade successfully. They also provide an immersive trading environment. It’s important to know that the web-based platform is compatible with Mac and Windows. It also does not need to be downloaded or installed on your machine.
To begin trading, clients only need a decent internet connection and an updated browser. The mobile trading app is free to download from both iOS and Android app stores. It allows you to trade in a high-quality and safe environment from anywhere in the world.
AlphaFXC Trading account types
When it comes to Forex investing and trading, AlphaFXC Trading promises to offer clients the right to pick whatever direction they want to follow. They respect versatility and have five different account types for anyone to select from. Those are based on the level of knowledge and goals of each customer. Each account has its own unique set of characteristics, privileges, and conditions. They have all been developed for both novice and seasoned traders. The accounts are called Basic, Silver, Gold, Platinum, and VIP.
AlphaFXC Trading features and customer support
This broker positions its trading platforms as dependable, trustworthy, and straightforward. Those are also user-friendly, intuitive, and provide real-time info on anything that a trader may be interested in. This includes charts, markets, trading history, etc.
When it comes to fees and costs, clients should know that they are completely transparent. There are no hidden fees or policies that new traders could suffer from. The resources they provide are diverse and the security services are of the highest quality.
AlphaFXC Trading also provides free personal assistance for their customers. It comes in the form of specialized tutorials from a personal bookkeeper. This person’s job is to serve as a mentor. They assist each trader in understanding as much as possible while avoiding errors and losses. The official AlphaFXC Trading website is intuitive and it can definitely offer anyone more info on what they can offer. Check it out and choose for yourself!
Summary
Remember that this list contains both famous and fairly unknown Forex brokers to start with, in case you are confused. Picking a well-known Forex broker certainly offers a degree of security. However, our intention was to also promote newer brokers that are professional and trustworthy. All of the aforementioned choices are worth taking a look at in case you are unsure of your choice in Forex brokers.