Are you new in the world of forex trading? If so, you may be wondering which brokers are the best ones to work with. In this article, we are going to tell you about seven of the best brokers for beginners in 2022 and give you their characteristics.
So you can pick out the one from this list and start your trading path in confidence.
Best Forex brokers for beginners
To get the most out of your forex trades, it is important that you find an online broker who has low fees and excellent customer service. But that is not all – let’s go through the list of best brokers and find out what advantages each of them offers its users.
HotForex
With more than 1200 trading products and 18 trading tools to choose from, Hotforex is one of the most diverse brokers in terms of offerings. The company provides its clients with not just first-class service but also complete asset security for all needs at once through innovative multifunctional trading platforms such as Metatrader 4.
The brokerage company offers its customers high-quality customer support – that is an important nuance, especially for novice traders – beginners will always feel confident when trading with HotForex.
Pacific Union
Pacific Union is an online brokerage that offers over 200 assets to trade, including forex and cryptocurrencies. Their trading terminals allow traders from 120 different countries or territories to access top-level multilingual support with expert advice on every transaction.
XM Markets
Whether you are just getting started trading, XM Markets has a variety of services that will help take care of every aspect from start to finish. The brokerage company provides services tailored to all levels and expertise with helpful guidance on how best to use their advanced technology toolsets.
Saxo Bank
Saxo Bank is a well-established brokerage company that offers traders around the world various products and services. From stocks to CFDs – you will find everything to trade with as Saxo bank has a great portfolio to offer!
Easy Markets
The brokerage company provides tight fixed spreads with negative balance protection for traders who want to take risks without the worry of losing money on their investments – so this is very suitable for beginners who can be afraid of taking risks. In addition, they offer a great feature – the Deal Cancellation which allows traders to cancel trades within 6 hours of them making a loss.
FXTM Time
With its wide range of trade options, including both mobile and PC platforms which greatly speeds up the process of investing money in foreign currencies FXTM Time is one of the leading brokers for beginners.
IG Markets
IG is one of the best brokerage firms that offers global trading to clients. The company has licenses in all countries it operates, so you can invest without worrying about the rules of one country canceling out investments made elsewhere.
Conclusion
So, there you have it – 7 of the best forex brokers for beginners. Now it is time to choose one and get started trading.
Remember to always do your own research before selecting a broker and never invest more money than you can afford to lose. Forex trading can be profitable if done correctly, but it is also risky, so don’t forget to trade safely.
