For this list, we have searched and tested several forex trading platforms offering services suitable for beginner traders.
We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. We placed real trades in each popular market to get the real spreads. We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there are any issues with the withdrawal process.
We handpick the best forex trading platforms for beginners based on our trading data and experience as a trader.
What is needed for Beginners in Forex Trading?
The world of forex trading can be daunting for beginners. In order to get started, one must have a deep understanding of financial markets and successful strategies/tendencies before entering this market and taking huge risks of losing their hard-earned money.
The focus area for novice traders should rely on getting the proper knowledge and skills, thus getting a good Forex education and knowledge. Even if you are passionate about trading, jumping headfirst into trading will not do any good for you. Trading has subject-specific terminology which is instrumental for forex traders. Besides, some basic calculations also need to be taken into account.
For this purpose, many forex brokers offer an extensive range of educational materials to help beginner traders to get into the play. This range varies from written courses and video materials to interactive webinars.
There are also some aspects that should be taken into consideration as well – simplified trading platforms, low fees, and excellent customer service will attract more clients; thus, helping brokers prosper.
Forex Trading Learning Videos
Many forex traders fail because they start trading before getting their feet in the water. Without analysing the market demand and various strategies available it’s difficult to compete with experienced traders.
Many forex brokers provide numerous tutorials as one of the education options. In fact, video tutorials are becoming the most popular way of learning due to their effectiveness. Brokers run their own Youtube channels or online platforms with various video tutorials for different levels.
Here are some of the pros and cons of video tutorials:
| Pros | Cons |
| 🖥️ Visual perception | ⌛ Time-consuming |
| ✔️ Creativeness | 💸 Can be Expensive |
| 📀 Easy to Use | 🚩 Technical Issues |
| 💵 Mostly Free | 👩💻 Can be Hard to Focus |
Best Brokers with Forex Trading Tutorial for Beginners
To select the best brokers for forex trading for beginners video tutorials, we tested and reviewed several forex brokers. We opened live accounts and deposited real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.
- Trading 212 – Best Trading Platform Forex tutorials for beginners
- RoboMarkets – Best Video Forex Trading Tutorials
- XM – Best CFD Trading tutorial for beginners
- FxPro – Best MT4 Forex trading videos
Best Trading Platform Forex tutorials for beginners
We picked Trading 212 as the best forex trading platform for beginners with video tutorials.
Founded in 2004, Trading 212 is a global Forex and CFD broker headquartered in London with the main focus on Indices, Forex, Commodities, Stocks, and Cryptocurrencies. The broker is regulated in the UK and Bulgaria.
The broker is best suitable for beginner traders due to its low spreads, and a wide range of tradable instruments. Traders can open their trading accounts on industry-standard MT4 and MT5 platforms and the broker’s proprietary platform available on the web and mobile.
Trading 212 is best known for its high-quality video tutorials and extensive range of alternative educational resources. The broker also provides excellent customer service and the availability of demo account.
Best Video Forex Trading Tutorials
We have picked RoboMarkets as the best video tutorials on forex trading.
Video is replacing text-based guides, and this is true when it comes to trading tutorials. RoboMarkets (also RoboForex) is one of the few brokers that offers an excellent library of video tutorials covering the forex markets and trading techniques. These explanation videos were made by expert traders and also other industry professionals. The videos range from as basic as ‘what is forex’ to the applications of some of the complex trading techniques.
Though initially known for offering trading services with currency pairs, the platform was rebranded to RoboMarkets after the addition of other markets like indices, stocks, and commodities. It offers services on three platforms: MT4, MT5 and R Trader.
Best CFD Trading tutorial for beginners
We picked XM as the best CFD trading tutorial for beginners.
Founded in 2009, XM is an industry-leading forex and CFD provider. The broker offers trading instruments in forex pairs, indices, stocks, and commodities. It offers more than 1,000 instruments. XM holds 5 licenses including the top-tier UK Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC), Dubai’s Financial Services Authority (DFSA), Cyprus’ CySEC and Belize’s FSC.
XM offers a great education offering for beginners under its Tradepedia video course. It provides an in-depth guide to the markets with high-quality videos and excellent delivery from instructors on these courses, regardless of experience level or time zones.
Best MT4 Forex trading videos
We picked FxPro as the best MT4 forex broker with video tutorials.
Founded in 2006, FxPro is a UK-based forex broker offering CFD trading across different assets: forex, shares, spot indices, futures, spot metals, and spot energies. FxPro is licensed and regulated in multiple jurisdictions, including the United Kingdom, Cyprus, South Africa, and The Bahamas.
FxPro offers excellent trading conditions on MT4 with good quality educational materials with a vast range of video tutorials suitable for both novice and experienced traders.
Forex Trading Platform List
Apart from the shortlisted brokers, here is a complete list of forex brokers that offers excellent services to beginners, which we have tested and reviewed.
| Forex Broker | Test Details | Broker Review |
|---|---|---|
| FxPro | Deposit Amount: Over €5,000 Total Trade: 15 trades | FxPro Review |
| Admiral Markets | Deposit Amount: Over €4,500 Total Trade: 12 trades | Admiral Markets Review |
| BlackBull Markets | Deposit Amount: Over €4,000 Total Trade: 12 trades | BlackBull Markets Review |
| GO Markets | Deposit Amount: Over €4,500 Total Trade: 12 trades | Go Markets Review |
| ActivTrades | Deposit Amount: Over €5,000 Total Trade: 12 trades | ActivTrades Review |
| XM | Deposit Amount: Over €5,000 Total Trade: 12 trades | XM Review |
| FXTM | Deposit Amount: Over €6,000 Total Trade: 12 trades | FXTM Review |
| ICM Capital | Deposit Amount: Over €5,000 Total Trade: 12 trades | ICM Capital Review |
| Tickmill | Deposit Amount: Over $8,000 Total Trade: 12 trades | Tickmill Review |
| Capital.com | Deposit Amount: Over €3,500 Total Trade: 15 trades | Capital.com Review |
| XTB | Deposit Amount: Over €5,000 Total Trade: 12 trades | XTB Review |
| RoboMarkets (RoboForex) | Deposit Amount: Over €5,000 Total Trade: 12 trades | RoboMarkets (RoboForex) Review |
| Pepperstone | Deposit Amount: Over €6,000 Total Trade: 12 trades | Pepperstone Review |
| FBS | Deposit Amount: Over €5,000 Total Trade: 12 trades | FBS Review |
| GKFX | Deposit Amount: Over €5,000 Total Trade: 15 trades | GKFX Review |
| Darwinex | Deposit Amount: Over €5,000 Total Trade: 12 trades | Darwinex Review |
| IC Markets | Deposit Amount: Over €5,000 Total Trade: 12 trades | IC Markets Review |
| ThinkMarkets | Deposit Amount: Over €5,000 Total Trade: 15 trades | ThinkMarkets Review |
| FP Markets | Deposit Amount: Over €6,000 Total Trade: 12 trades | FP Markets Review |
| Amana Capital | Deposit Amount: Over €5,000 Total Trade: 12 trades | Amana Capital Review |
| AvaTrade | Deposit Amount: Over €4,000 Total Trade: 21 trades | AvaTrade Review |
| CMC Markets | Deposit Amount: Over €5,000 Total Trade: 12 trades | CMC Markets Review |
| Vantage FX | Deposit Amount: Over €5,000 Total Trade: 15 trades | Vantage FX Review |
| INFINOX | Deposit Amount: Over €4,000 Total Trade: 9 trades | INFINOX Review |
| Axi (AxiTrader) | Deposit Amount: Over €6,000 Total Trade: 12 trades | Axi (AxiTrader) Review |
| Plus500 | Deposit Amount: Over €6,000 Total Trade: 18 trades | Plus500 Review |
| eToro | Deposit Amount: Over $6,000 Total Trade: 18 trades | eToro Review |
| Trading 212 | Deposit Amount: Over €5,500 Total Trade: 15 trades | Trading 212 Review |
| Fortrade | Deposit Amount: Over €5,000 Total Trade: 12 trades | Fortrade Review |
FAQ and More on Forex Trading for Beginners
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 for beginners.
Best UK forex basic tutorial Brokers
Forex brokers must be registered and regulated by the Financial Conduct Authority (FCA) to operate in the United Kingdom. Some of the top Financial Conduct Authority-regulated forex brokers in the UK suitable for beginner traders are:
- IG Markets
- CMC Markets
- XM
Best Forex Brokers in South Africa with Trading Videos
Forex brokers must be registered and authorized with the Financial Sector Conduct Authority (FSCA) in order to operate in South Africa. Here are some of the forex brokers in South Africa with suitable video tutorials:
- FxPro
- Pepperstone
- IG
Forex trading Australia beginners tutorial
Forex brokers must be authorized and licensed by the Australian Securities & Investment Commission (ASIC) to operate in Australia. Some of the Australian forex brokers with video tutorials for beginners are:
- eToro
- XM
- CMC Markets
- ForTrade