What makes an FX broker for beginning traders? First of all, this is a company designed to do their best to help beginning traders both acquire all the necessary knowledge and skills and start making money trading Forex. The ultimate goal is to supply those rookies with everything they need to stay afloat and to turn into pros making really big bucks. Unfortunately, not all of those who come to Forex can really make money over the long term.
The thing is that today, most FX traders out there have been habitually making the same rookie mistakes ever since they launched their trading career, even though some of them are intermediate and even advanced traders. The reason for this is that they simply don’t want to get out of their comfort zone and are reluctant to learn new things on a regular basis. They often rely on pure luck or some highly biased views. The bad news for them is that they won’t be able to become really successful traders over time. However, those traders who are just getting their feet wet in trading are usually afraid of literally everything. They constantly make mistakes, stumble, lose their money, but some of them still don’t give up and move forward, make progress and turn into professional traders over time, if they are guided by skilled traders who know what they are doing. Apparently, the chosen broker makes the lion’s share of success in trading financial markets. The best brokers out there devote a lot of time, money and effort to educating newbies. They know what is required to take the rookie to the next level. They are also aware of the common mistakes rookies make and know how to avoid them right off the bat.
By the way, one of the biggest and most widespread delusions among beginning traders is that newbies are lucky. If they think that depositing tons of money into their trading accounts and trading on pure luck or some guessing games is actually enough to quit their 9-to-5 jobs and make tons of money every day, they are completely wrong. No long-term success is possible without knowledge and skills. On top of that, most rookies lose their first investments over time. If the lesson isn’t learned, they often invest more and more money as they turn into habitual losers since they don’t want to invest enough effort, time, and money in their proper education.
Learning and mastering fundamental and technical analysis is rather time-consuming. It Is what it is. However, you do it only once to use it further down the road. The more you study the easier it is to grasp new things, and the better you become at trading currencies for a living.
Most professional traders did the same mistakes when they were newbies. This happened mostly because they were reluctant to devote enough time to choosing the right broker to go with.
The brokers that want to teach rookies how to trader financial markets the right way are willing to offer them the following things:
- comprehensive and easy-to-grasp educational content of premium quality
- access to the best trading conditions tailored to beginners
Masterforex-V Academy’s rating of the world’s best FX brokers for beginners includes some of the most popular companies with the best client feedback and user experience. The rating includes both the rating points for companying with a number of criteria and the points resulting from open voting.
World’s Best FX Brokers for Beginners in June 2017
As we can see, Fort Financial Services is currently number one. This broker has been in the international FX industry since 2010. The company has been focused on delivering premium-quality services coupled with tight spreads and a pretty wide range of assets to trade. Another advantage of trading with FFS is instant withdrawal of client funds.
OANDA is number two. This is a true heavyweight with over 20 years of expertise in offering brokerage services to international clients. The company makes use of cutting-edge technologies to deliver services of exceptional quality to both retail and corporate clients. The strong sides are major licenses, low deposit requirements, and a wide range of assets.
Alpari Limited is number three. Thanks to spotless reputation, the company has been enjoying popularity worldwide for many years. The strong sides are major licenses, ECN accounts, low deposit requirements, in-depth analytics, and a number of trading contests with decent prizes.
They are followed by:
- ORBEX;
- FreshForex;
- Larson&Holz;
- FXOpen;
- YA-HI.com;
- GKFX;
- Grand Capital;
- RoboForex;
- TenkoFX;
- LiteForex;
- InstaForex;
- EXNESS;
- FBS Markets Inc.;
- Forexite;
- Forex4you;
- 24FX;
- ForexStart;
- Premium Trading;
- FX-Invest;
- Dealingcity;
- Binoa;
- Rinkost Markets;
- Forex EuroClub;
- Pellucid FX;
- iP Forex;
- Arena FX.
This is not the final rating since the open voting is still underway. This means that you can cast your vote as well, in order to influence the rating and support your broker.
