10 Best Forex Brokers For Beginners In Comparison 2026

User-friendly brokers with top-tier education and support for new traders.

Sarah Chen

Written by

Sarah Chen

James Anderson

Fact Checked by

James Anderson

Last reviewed:
By:Sarah Chen
Fact-checked by:James Anderson

What Makes a Broker Good for Beginners?

For beginners, the priority isn't just low spreads, but usability, education, and support. A great broker for beginners offers an intuitive platform, a low minimum deposit to start small, comprehensive educational resources (courses, webinars), and a demo account to practice risk-free.

How much money do I need to start?

You can start with as little as $10 or even $1 with some brokers (like Cent accounts). However, a deposit of $100-$200 is often recommended to have enough margin for proper risk management.

Comparison

Compare brokers feature by feature.

Broker
RoboForexFrom 1.3 pips$0
BlackBull MarketsFrom 0.8 pips$0
StarTraderFrom 1.3 pips$0
Forex.comFrom 1.0 pips$0
Vantage MarketsFrom 1.0 pips$0
Moneta MarketsFrom 1.0 pips$0
PepperstoneFrom 1.0 pips$0
IC MarketsFrom 0.0 pips$3.50/lot
FBSFrom 0.7 pips$0
VT MarketsFrom 0.0 pips$3/lot

Detailed Broker Analysis

StarTrader logo
StarTrader
Read Review
Recommended
Beginner Friendly
9.8App Score

StarTrader offers a welcoming environment for beginners with 24/7 support and copy trading, allowing new traders to learn from experienced investors.

Forex spread classStandard
Minimum deposit$50
Inactivity fee$0
Currency pairs80+
Deposit methodsVisa, Crypto
Withdrawal fee$0
Forex.com logo
Forex.com
Read Review
Recommended
Great Education
9.0App Score

Forex.com is a market leader with an extensive education library and a highly intuitive proprietary web platform, perfect for US and global traders.

Forex spread classStandard
Minimum deposit$100
Inactivity fee$0
Currency pairs80+
Deposit methodsCards, Wire
Withdrawal fee$0
Vantage Markets logo
Vantage Markets
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Recommended
Easy App
9.7App Score

Vantage Markets combines a user-friendly app with significant educational resources, helping beginners transition from demo trading to live markets.

Forex spread classStandard
Minimum deposit$50
Inactivity fee$0
Currency pairs300+
Deposit methodsVisa, Skrill
Withdrawal fee$0
RoboForex logo
RoboForex
Read Review
Recommended
Cent Accounts
9.6App Score

RoboForex is famous for its Cent accounts, which allow beginners to trade with pennies (real money but nano risk), ideal for learning psychology.

Forex spread classStandard
Minimum deposit$10
Inactivity fee$0
Currency pairs40+
Deposit methodsCards, Crypto
Withdrawal feeFree (Twice/mo)
Moneta Markets logo
Moneta Markets
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Recommended
Trading Signals
9.4App Score

Moneta Markets makes onboarding incredibly fast and offers daily trading signals that can help beginners understand market movements.

Forex spread classStandard
Minimum deposit$50
Inactivity fee$0
Currency pairs300+
Deposit methodsWire, Cards
Withdrawal fee$0
BlackBull Markets logo
BlackBull Markets
Read Review
Recommended
Top choice for Forex Brokers For Beginners.
4.5/5App Score

BlackBull Markets is a reputable broker offering excellent trading conditions for Forex Brokers For Beginners traders, with a focus on low costs and reliability.

Forex spread classCompetitive
Minimum deposit$100
Inactivity feeNo
Currency pairsMajor & Minors
Deposit methodsBank Wire, Cards
Withdrawal feeVariable
Pepperstone logo
Pepperstone
Read Review
Recommended
Top choice for Forex Brokers For Beginners.
4.5/5App Score

Pepperstone is a reputable broker offering excellent trading conditions for Forex Brokers For Beginners traders, with a focus on low costs and reliability.

Forex spread classCompetitive
Minimum deposit$100
Inactivity feeNo
Currency pairsMajor & Minors
Deposit methodsBank Wire, Cards
Withdrawal feeVariable
IC Markets logo
IC Markets
Read Review
Recommended
Top choice for Forex Brokers For Beginners.
4.5/5App Score

IC Markets is a reputable broker offering excellent trading conditions for Forex Brokers For Beginners traders, with a focus on low costs and reliability.

Forex spread classCompetitive
Minimum deposit$100
Inactivity feeNo
Currency pairsMajor & Minors
Deposit methodsBank Wire, Cards
Withdrawal feeVariable
Recommended
Top choice for Forex Brokers For Beginners.
4.5/5App Score

FBS is a reputable broker offering excellent trading conditions for Forex Brokers For Beginners traders, with a focus on low costs and reliability.

Forex spread classCompetitive
Minimum deposit$100
Inactivity feeNo
Currency pairsMajor & Minors
Deposit methodsBank Wire, Cards
Withdrawal feeVariable
VT Markets logo
VT Markets
Read Review
Recommended
Top choice for Forex Brokers For Beginners.
4.5/5App Score

VT Markets is a reputable broker offering excellent trading conditions for Forex Brokers For Beginners traders, with a focus on low costs and reliability.

Forex spread classCompetitive
Minimum deposit$100
Inactivity feeNo
Currency pairsMajor & Minors
Deposit methodsBank Wire, Cards
Withdrawal feeVariable

Frequently Asked Questions

You can start with as little as $10 or even $1 with some brokers (like Cent accounts). However, a deposit of $100-$200 is often recommended to have enough margin for proper risk management.

A demo account allows you to trade with virtual money under real market conditions. It is the best way to learn the platform and test strategies without risking a single cent.

No. As a beginner, high leverage is dangerous and can lead to rapid losses. Stick to lower leverage (e.g., 1:10 or 1:30) until you fully understand the risks.

Check the bottom of the broker's website for their license number and verify it on the regulator's official website (e.g., FCA, ASIC, CySEC registers).

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Not Financial Advice:

Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers →

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Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.

Independent Analysis

Rankings based on verified data and hands-on testing. See our methodology →

Data Verified

January 2026