Best broker for beginners

cantagril

Senior member
3,428 1,075
.....I'm based in the UK and looking to trade equities, forex and options. To reiterate, I'm a beginner and from some of the reading I've been doing it looks like a couple of key criteria should probably be education features and demo account.

On the subject of education: depending on who and where you are (and also your learning style) it might help you to attend some live events where you would be able to both get something out of the presentations and meet other people too.

If you're based around London you're spoiled for choice with Manchester and B'ham following on.

As examples, you have brokers such as CMC markets, ActivTrades and Fineco Bank who put on regular events - obviously the basic ones are aimed at getting you to sign up and trade but it doesn't mean that they're useless.

They often get outside well-known traders and educators to come in and deliver seminars on strategies - a recent instance would be Tom Hougaard* (TraderTom) who is presenting at the Traders show at the Novotel in Hammersmith at the end of the month and was also one of Fineco's guest speakers a few weeks ago.

* Tom's strategy seems to be doing reeeally badly atm:oops:
 

Pat494

Legendary member
14,625 1,575
I still use MT4 for a free platform. It has all the basic indicators too for free.For a broker I strongly suggest a UK based broker which safeguards your money if the broker fails. XM have been excellent for me over a number of years. They supply a free demo account, 10p micro account, ordinary account in MT4 too.
 

James turtle

Junior member
37 4
Everyone has their own criteria of choosing a broker, according to their needs and requirements. It would have been better if you could clarify yours.
Well, this was my list of criteria when I started, see if they help:
1. Offshore (I didn’t want to limit my trades)
2. Low spreads
3. Low commissions
Although I found many brokers with these criteria, I chose turnkey forex. The broker has been honest with me till now.
Hope this helps!
 

manover

Junior member
33 8
I have been trading with turnkeyforex for two years and they have a good trading conditions, so you can give them a try. Plus the commission is $2 per 100k which is good for the beginner
 

hatemypips

Established member
628 45
There are many top tier 1 brokers around and most also have a learning academy with a beginners bootcamp
Can you mention some? I'm interested to include in my list a couple of new firms which I'm going to test.
 

Anci_smith

Junior member
30 2
Selecting a broker while being a beginner can be an annoying task. all different brokers have different trading conditions. but regulation and good trading conditions like low spreads, fast order execution are important things you should look for.
Here are some brokers I can recommend:
IC markets, Tickmill, Hotforex, fxview, XM and eToro
 

hatemypips

Established member
628 45
Selecting a broker while being a beginner can be an annoying task. all different brokers have different trading conditions. but regulation and good trading conditions like low spreads, fast order execution are important things you should look for.
Here are some brokers I can recommend:
IC markets, Tickmill, Hotforex, fxview, XM and eToro
Nice how long have you been trading with them? Could you please tell us more about experience with each of them?
 

Anci_smith

Junior member
30 2
Nice how long have you been trading with them? Could you please tell us more about experience with each of them?
I am trading almost since 1.5 years and trying multiple brokers has been a part of my journey. As far as the experience is concerned, it has been good with almost all of them, ofcourse little ups and downs do happen when we trade, but overall all these brokers offer pretty decent conditions.
 

Leia Flynn

Newbie
1 0
I have recently opened an account with M4Markets and they offer decent spreads. One time when my withdrawal was delayed, i contacted their support team and they answered me right away, processing my withdrawal request.
 

Henow1969

Active member
156 15
Choosing a broker is important factor and always choose a broker with your interests in forex. Do some research over internet and read reviews about different brokers at different broker sites and then choose a broker.
 

hatemypips

Established member
628 45
I am trading almost since 1.5 years and trying multiple brokers has been a part of my journey. As far as the experience is concerned, it has been good with almost all of them, ofcourse little ups and downs do happen when we trade, but overall all these brokers offer pretty decent conditions.
Thanks but what's your favourite broker among those? Just wondering because I can't choose between, them they are all good brokers.
 

parthaab

Junior member
40 1
Any broker who trades equity options in the UK? Not just CFDs and SB, like most of those mentioned above.
Secondly, if not UK based brokers, where else can UK based traders, trade options? That too, reputable with decently priced spreads etc.?
 
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Powter

Junior member
18 0
The broker it depends on the needs of each person, such as trading methods. If new people can find Cent accounts just to get used to the market ;)
 

chartmans

Junior member
10 2
FXCM, XM, Oanda, and Coinexx are the best brokers according to my personal experience with them. They all have impressive trading platforms with stations available depending upon the individual's trading needs.

FXCM and Coinexx also offers a wide range of tradable markets, research tools, trade order execution, and education resources- which is amazing to put your hands on!
Good luck!
 
 
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