For this list, we have searched and tested several social forex trading courses available online.

We have enrolled with several online forex trading courses that are provided by brokerages and also other educational platforms. We have completed all the courses, opened both demo and real accounts, and applied recommended trading strategies on markets.

Finally, we have picked some of the best online forex courses available to both beginner and advanced traders, based on our experience with the course material and also as expert traders.

What is Retail Forex Trading?

Retail forex trading is booking profits from buying and selling foreign currencies by individual traders through brokerage platforms.

Forex trading has always been popular among institutions. The global forex trading market has an estimated daily volume of over $6.6 trillion, making it highly liquid, and all the tradings happen over-the-counter.

Another important aspect of the forex market that attracts traders is the availability of the market around the clock for five and a half days a week. This enabled traders to execute trades at any time without worrying about the availability of the market.

Retail forex trading took off with the introduction of electronic trading and internet penetration. Now, this industry has become a significant one as demand for retail forex trading is increasing around the world.

Retails forex traders can make profits in two primary ways:

  • From the change of exchange rate
  • From the interest rates differentials of two currencies

Forex Trading Courses

The jump in retail forex trading demand has pushed the demand for forex trading courses. Initially, retail forex trading was confined only to advanced traders but now beginner traders are also showing great interest in trading.

These courses are developed for both beginner and advanced traders, focusing on several areas:

🏛️MarketsUnderstanding of the forex and other trading markets.
📈TechniquesBasics of the trading instruments, mostly derivatives.
🚀StrategiesTutorials on trading strategies.
💸RisksUnderstanding of several types of risks.

Earlier, mostly third-party platforms were offering forex trading courses. But, now many brokers are offering some excellent courses, and the best part is that these courses are completely free.

One of the intentions of forex brokers behind the full trading courses is to retain these rookie traders as clients by educating them on trading. Almost all of them also provide a demo account where newbie traders can test their learned trading skills without risking real money, and even experienced traders can try out new strategies.

Best Forex Trading Courses

To select the best social forex trading platforms and apps, we have tested courses offered by several platforms. We went through every module and lesson of the course, learned the strategies taught, and then implemented them on live accounts. We also used our experience as traders to judge the offered courses and materials.

  • IG Markets – Best Overall Forex Trading Course
  • CMC Markets – Best Beginner Forex Trading Course
  • Interactive Brokers – Best Comprehensive Trading Course
  • XM – Best Webinar on Forex Trading
  • Pepperstone – Best MT4 and MT5 Forex Trading Course

Best Overall Forex Trading Course

We have picked IG Markets as the best overall forex trading course.

IG Markets, which operated globally, offers an extensive course on forex trading. It covers the most basics of forex trading and also adds some of the advanced strategies that the traders can implement. And the best part is all the materials are totally free.

The broker provides a total of 9 course modules that cover beginner, intermate and advanced traders. It gives an idea of the fundamentals of trading markets to trading strategies and risks. The courses are well-designed and include infographics, video explainers and quizzes.

The broker also conducts free webinars or in-person seminars for personal guidance to traders. It further offers a demo account with $20,000 of virtual funds where traders can execute trades with live market data.

Best Beginner Forex Trading Course

We have picked CMC Markets as the best beginner forex trading course.

CMC Markets is another broker offering a vast set of educational materials. It is one of the best for beginners as its modules are well-segmented based on topics. It provides a comprehensive understanding of spread betting, CFDs, forex, and also tutorials on technical indicators and fundamental guides. The study material offered by the broker includes both articles and videos.

CMC offers trading services on the industry-standard MT4 platform, along with its proprietary Next Generation Platform. The brokers provide detailed guides on how to use these platforms. In addition, the London-based broker also conducts free online webinars and in-person seminars.

Best Comprehensive Trading Course

We have picked Interactive Brokers as the best comprehensive trading course.

Interactive Brokers offers the most comprehensive trading educational lessons and modules when it comes to free courses. The broker offers all its educational materials under the section IBKR Campus. Its offerings include full-length courses on all almost all retail trading markets like forex, equities, futures, options, and many more. It even provides a lengthy understanding of markets and themes like South American Soybean futures and ESG investing.

Interactive brokers’ modules also include lessons on how to read trading charts, trading techniques, and even taxation of trading income.

Apart from the documented materials, IDKR Campus also offers webinars on various market-related topics and expert insights on the markets.

Best Webinar on Forex Trading

We have picked XM as the best webinar on forex trading.

When it comes to conducting webinars and seminars for traders, XM aces even some of the established global brands. The broker conducts more than 40 webinars every month, and that too in multiple languages for its global client base. Additionally, it also conducts in-person seminars on the major market and trading-related topics. Both webinars and seminars of XM are taken by proven industry experts.

Apart from the webinars and seminars, XM also offers detailed educational guides and videos on forex trading and strategies. It further offers trading ideas to its clients.

Best MT4 and MT5 Forex Trading Course

We have picked Pepperstone as the best MT4 and MT5 forex trading course.

Pepperstone offers excellent guides when it comes to trading platform tutorials. It explains the most basic things about MT4 and guides traders on how to navigate and set up the platform to start trading. It touches all aspects like EA and script installation, customization of charts, setting up of VPS, and many more things. All the videos are well-explained without rushing through the topics.

The broker also provides in-depth guides on the basics of different markets and also trading techniques. It also conducts webinars on various trading-related topics.

Forex Brokers Offering Trading Courses

Apart from the shortlisted platforms, here is a complete list of forex brokers that offers extensive study materials on the forex market and trading, which we have tested and reviewed.

Forex BrokerEducational MaterialsBroker Review
FxProGuides: Yes
Videos: No
Webinars: Yes (Not frequent)
Demo account: Yes
FxPro Review
Admiral MarketsGuides: Yes
Videos: Yes
Webinars: Yes
Demo account: Yes
Admiral Markets Review
BlackBull MarketsGuides: Yes
Videos: Yes (only 11 videos)
Webinars: No
Demo account: Yes
BlackBull Markets Review
GO MarketsGuides: Yes
Videos: Yes (on MT4 tutorials)
Webinars: Yes
Demo account: Yes
Go Markets Review
ActivTradesGuides: Yes
Videos: Yes
Webinars: Yes
Demo account: Yes
ActivTrades Review
XMGuides: Yes
Videos: Yes
Webinars: Yes
Demo account: Yes
XM Review
FXTMGuides: Yes
Videos: Yes (31 videos)
Webinars: Yes
Demo account: Yes
FXTM Review
ICM CapitalGuides: Yes
Videos: No
Webinars: Yes
Demo account: Yes
ICM Capital Review
TickmillGuides: Yes
Videos: Yes
Webinars: Yes
Demo account: Yes
Tickmill Review
Capital.comGuides: Yes
Videos: Yes (but not adequate)
Webinars: Yes (Weekly)
Demo account: Yes
Capital.com Review
XTBGuides: Yes
Videos: No
Webinars: Yes
Demo account: Yes
XTB Review
RoboMarkets (RoboForex)Guides: Yes
Videos: Yes
Webinars: Yes
Demo account: Yes
RoboMarkets (RoboForex) Review
PepperstoneGuides: Yes
Videos: Yes (on MT4 tutorials)
Webinars: Yes
Demo account: Yes
Pepperstone Review
FBSGuides: Yes
Videos: Yes (detailed videos on market basics and platforms)
Webinars: Yes
Demo account: Yes
FBS Review
GKFXGuides: Yes
Videos: Yes (categorized into beginner, trader, expert)
Webinars: Yes
Demo account: Yes
GKFX Review
DarwinexGuides: Yes
Videos: Yes (limited to trading risk management)
Webinars: No
Demo account: Yes
Darwinex Review
IC MarketsGuides: Yes
Videos: Yes (very basic trading platform tutorials)
Webinars: Yes
Demo account: Yes
IC Markets Review
ThinkMarketsGuides: Yes
Videos: Yes
Webinars: No
Demo account: Yes
ThinkMarkets Review
FP MarketsGuides: Yes
Videos: Yes (basic tutorials)
Webinars: Yes
Demo account: Yes
FP Markets Review
Amana CapitalGuides: Yes
Videos: No
Webinars: Yes
Demo account: Yes
Amana Capital Review
AvaTradeGuides: Yes
Videos: Yes (60 videos)
Webinars: Yes
Demo account: Yes
AvaTrade Review
CMC MarketsGuides: Yes
Videos: Yes (excellent videos on every topic)
Webinars: Yes
Demo account: Yes
CMC Markets Review
Vantage FXGuides: Yes
Videos: No
Webinars: Yes
Demo account: Yes
Vantage FX Review
INFINOXGuides: Yes (too basic)
Videos: No
Webinars: Yes
Demo account: Yes
INFINOX Review
Axi (AxiTrader)Guides: Yes
Videos: Yes (only platform tutorials)
Webinars: Yes
Demo account: Yes
Axi (AxiTrader) Review
Plus500Guides: Yes (basic)
Videos: Yes (basic)
Webinars: No
Demo account: Yes
Plus500 Review
eToroGuides: Yes (basic)
Videos: Yes (basic)
Webinars: Yes
Demo account: Yes
eToro Review
Trading 212Guides: Yes
Videos: Yes
Webinars: No
Demo account: Yes
Trading 212 Review
FortradeGuides: Yes
Videos: Yes
Webinars: Yes
Demo account: Yes
Fortrade Review

FAQ and More on Forex Trading Courses

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to forex trading courses.

Best Beginner Forex Trading Courses

Forex trading has become very popular among rookie traders recently, and this pushed the demand for good-quality forex trading courses around the globe. Some of the best platforms offering beginner-level forex trading courses are:

  • IG Markets
  • CMC Markets
  • XM
  • Interactive Brokers

Best Advanced Forex Trading Courses

Advanced forex trading courses usually cover how to implement the forex trading strategies in real market scenarios. These courses also extensively cover the various types of trading risks and techniques to minimize them. Some of the best advanced-level forex trading courses are offered by the following platforms:

  • Interactive Brokers
  • Asia Forex Mentor
  • ForexSignals.com

Before the forex brokers focused on offering free educational materials, only third-party platforms were offering trading courses. These courses are usually paid and are extremely well-structured and cover all areas of trading. Some of the paid forex trading courses are:

  • ForexSignals.com
  • Asia Forex Mentor
  • Six Figure Capital

Best Forex Trading Platforms in the US

The US forex trading platforms need to be registered with the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA). Due to the strict regulations, only a few forex brokers are operating in the country. Some of the forex brokers in the US are:

  • Forex.com
  • IG (US)
  • OANDA
  • Interactive Brokers

Best Forex Trading Platforms in the UK

The Financial Conduct Authority (FCA) regulates all forex brokers in the United Kingdom, which is one of the major markets for retail forex trading. Some of the well-regulated forex brokers in the UK are:

  • CMC Markets
  • IG Markets
  • Markets.com

Best Forex Trading Platforms in Australia

Australia has become a hub of forex trading in the Asia-Pacific region. The financial services market, along with retail forex trading, in the country is regulated by the Australian Securities and Investments Commission (ASIC). Some of the ASIC-regulated forex brokers are:

  • Pepperstone
  • Vantage FX
  • ThinkMarkets

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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