The Forex market is a great place for traders who are looking to grow their investments. However, there is no shortage of scammers in this industry and they will only take advantage if you are vulnerable or just starting out

So, are you new to online trading and looking for the best online broker to start trading with? Or maybe you are a seasoned trader but are looking for a new platform to trade on? Either way, this article will be helpful for you. 

We have prepared a list of the 4 best online brokers and trading platforms for beginners. Let’s go through it now!

Best online brokers

The step of choosing a broker is one that should not be taken lightly. As a beginner, you need to think about such criteria as regulation and high customer service as well as the trading platforms and instruments the brokers offer. 

Here is the list of 4 best online brokers we made:

HotForex – HotForex is one of the most diverse brokers in terms of offerings, with 18 trading tools and 6 account types to choose from. They provide their clients with first-class service as well as complete asset security for all needs. It offers to trade on such innovative and multifunctional platforms as Metatrader 4 and 5, which makes the broker even more attractive to a great number of traders. Also, the brokerage company provides 24/5 customer support in more than 15 languages.

CMC Markets – CMC Markets is a good place for all types of traders. It offers a range of tools and high security services for its users. Novice traders can start with trading Forex, CFDs, and spread betting.

London Capital Group (LCG) – London Capital Group is a brokerage company that has been around for many years for beginners. Besides various trading tools, it offers education to help you learn trading skills. LCG is one of the best companies because they have competitive fees, and they are always improving their customer service. If you are just starting out, this online broker is a good choice as well.

IG Markets – IG is an online broker that offers services to any beginner trader. They have licenses in each country they operate, meaning everyone can trade globally without worrying about their investments getting voided by various laws for certain countries – which means it makes the trading process easier than ever before.

Best trading platforms

Let’s see the best trading platforms we have selected:

Metatrader 4 

MT4 has always been a popular choice for traders because it offers simple to use features, yet still provides strong technical analysis tools with which one can perform powerful experiments.

Metatrader 5

Metatrader 5 is a worthy successor to its forerunner, with more features both for experienced and beginner traders. It offers better trade options and services that were missing in Metatrader 4 such as an economic calendar and more timeframes.

DupliTrader

DupliTrade is a copy trading platform that has found its place on our list. It is known for having an easy-to-use and friendly interface, which makes it perfect if you are new to this whole “trading thing’’. It is important to note that DupliTrade has some of the most convenient features for traders.

NinjaTrader

The trading platform offers a wide range of technical analysis tools for traders and those who want to learn. The trading platform also has educational guides and webinars available free so beginners can trade with ease.

Conclusion

Now that you know a little more about the best online brokers and trading platforms, it is time to choose the one that fits you most. We hope this little list will help you make informed decisions while choosing.