Top 5 Forex Brokers for Beginners.
The needs of new forex traders can differ quite bit from their veteran counterparts. Newbies will often need some basic market information to help them get started, friendly customer service reps to help them with account opening, easy to use trading software and trading peers they can call upon for advice.
In ranking the top forex brokers for beginners, we’ve selected brokers who stand out in the areas of educational resources, customer service, user-friendly trading platforms, and social trading.
We look for brokers who have a deep archive of articles, webinars, e-courses, seminars, and personalized training. This will help provide you with the knowledge base and confidence to trade on your own.
Another area we weigh heavily is whether the broker offers attentive 24/hr multi-lingual customer service and personal account managers for all account types. Good service ensures smooth account opening, fund transfer and fast resolution of technological issues.
Trading software can be intimidating and difficult to navigate for newcomers to forex trading. We screen forex brokers to see if they also offer platforms with an intuitive, user-friendly interface ideal for beginners.
Lastly, we also considered the social trading services offered by brokers. Consulting with an active community of traders is an easy and fun way to get into forex trading and quickly climb up the learning curve.