One thing that makes investing and trading different from, say, playing the stock market is that trading in the stock market typically requires a sizeable chunk of your time. If you’re interested in just dipping your toes into the market, you might well be looking for the simplest, most cost-effective way to do it. Fortunately, there are options for those looking to trade Forex on a much lower budget.
To help you figure out how to pick the best forex trading company have provided you with some great ideas. It’s time to take a look at the best forex trading companies for beginners.
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Daily FX
Whether you want to trade binary options, leveraged Forex, or futures, there’s no better place to start than with the venerable DailyFX. The site features a wide selection of forex pairs, including almost every sector.
What makes it particularly popular among new traders is a more than 30-percent rebate on any trades made in that provider. The site also offers a step-by-step training program and free educational materials for beginners and seasoned traders alike.
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TradingWithClem
Taking your trade, a step further is TradingWithClem.com. Unlike most forex trading services, TradingWithClem has low minimums for traders. You can trade with a balance of as little as $1, while there are even options to trade with zero.
However, a good amount of experience and a minimum $5,000 balance is necessary to get started. The site features flexible trading plans for trade nation sa so that you can experiment with different techniques.
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CFD Trader
Another of our readers’ favourite forex trading companies is CFD Trader. This site offers a number of special offers and discounts, including free trades for new customers. The site offers several options for advanced users, including margin accounts and leverage. You can even set up a site with your domain name.
For a hands-on way to get started, take a look at CFD Trader. You can trade around $20 or more if you have a more extensive account. There is also a network where you can trade with a partner, particularly popular among beginner traders. Additionally, various white label tools help ease the learning curve.
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FXCharts.com
Known for being one of the best forex trading websites on the market, FXCharts.com features some of the most well-rounded tools for traders. A comprehensive mix of market data and tools enables users to compare currencies and monitor asset market movements in a similar way to the Nasdaq, for example. The site also provides a bonus of $50 per month for first-time traders, meaning you can get started for free.
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Forex Mini Trader
Forex Mini Trader is another option for those looking to trade Forex using a lower starting balance. You can start at the minimum balance of $250 and avoid the fees, although trading costs do apply to build forex broker.
The site features a simple interface, making it easy for beginners to learn about trading. The site also has an option for real-time volatility tracking, ensuring you’re always aware of market movements and making sure you’re positioned correctly.
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Trading Zoo
Another of our favorite forex trading sites, Trading Zoo, offers various trading tools, including charting, share price trading, and more. While not completely free, Trading Zoo offers a great starting point for those looking to trade Forex for the first time. The site allows you to enter your personal information and links to your bank accounts, allowing traders to learn about the forex market without having to leave the safety of their own homes.
There are also a number of educational videos to help new traders understand trading concepts in more depth. Not only that but there is also a wealth of information on the site to help you get the best start possible.
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EFTM Interactive Trader
Another excellent choice for beginners is EFTM Interactive Trader. The site has a clean interface that makes it easy to learn about how the site operates. Not only that, but you can gain access to an educational community for your specific trading needs.
This means that you can learn from seasoned traders and traders of all experience levels. The site also offers bonuses of $100 and up for new traders, meaning you can save some money while getting started.
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FXOne
FXOne provides various tools designed to make trading easier for new traders. For example, you can access its trading accounts, which enable you to monitor assets as they change. You can also use the site’s trading analysis tools to understand where the market is heading.
FXOne also has a nifty percentage market updates feature, which shows you which currency is trending at any given time. The site also provides an educational portal, which acts as a help desk when you get stuck, so you don’t get frustrated.
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TradeDoubler
Another excellent forex trading site to consider is TradeDoubler. The site features a modern interface designed to help traders quickly access all the tools and data they need.
You can quickly track various currencies traded and see the prices in real-time. The site also offers a fantastic bonus of $200 for the first month for new traders.
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TraderDude
Another excellent forex trading site is TraderDude. The site offers a wide variety of tools, from stock charting to activity tracking and more. You can also get various interactive tools to help you get a better understanding of trading.
Not only that, but you can earn bonuses as you learn. TraderDude also includes a lot of educational material to help you understand all of the different aspects of trading.
Conclusion
In our list of best forex trading companies for beginners, we’ve looked at ten sites that will help you learn and practice trading. We’ve focused on some of the most popular sites based on the number of new traders they receive daily.
