Best broker for beginners

[cantagril]

.....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

 

[Pat494]

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]

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!

 

[rossored]

Have you read the previous replies to this same question in this very thread?

 

[manover]

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]

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]

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]

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]

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]

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]

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]

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]

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.?

 

[Powter]

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]

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!