Forex trading is one of the most rewarding currency markets you could ever try your hand in. However, if you are a beginner, things can be a little intimidating and overwhelming. With a good broker who understands your needs and aspirations, it is one of the easiest businesses to hack.
There are different types of brokers for every kind of trader if you are starting out, below are some of the best for those with little experience in this sector.
When you are new in Forex trading, one of your goals should be to understand the basics and gradually nurture your skill. Plus500 is a good platform for beginners because it is easy to use. It also offers basic features, making it the best for starters.
This platform offers the most basic trading tools in the industry, but its usability makes it a good place for those starting out. One of its biggest disadvantage, however, is that it is more expensive compared to the rest of the platforms.
This platform is safe and an excellent place for inexperienced traders. The web platform is user-friendly, and the mobile app is equally easy to navigate. Traders have access to over 19,000 apps good enough for those still learning.
Nineteen years in the market, Easy Markets offers new traders several special features which come in handy when you are still trying to learn about the business. The web platform is user-friendly and provides trading tools just enough for beginners. Its mobile app is not one of the best in the market, though.
The only downside to this platform is the huge minimum deposit it requires to start trading. But if you can raise $10,000 or £500 if you are based in the United Kingdom, then it offers some of the best tools for beginners. It has efficient customer service in case you are stuck and need help.