Top Rated Forex Brokers Recommended by Experts (Best Brokers for Beginners)
Here are the best brokers to use when engaging in forex trading.
| Broker | Min Deposit | Regulation | Bonus |
|---|---|---|---|
 | $200 | FSA | N/A |
 | $200 | FSA | 25% |
 | $200 | ASIC, FCA | $10 |
 | $10 | N/A | 100% Deposit Bonus |
| Broker | Min Deposit | Regulation | Bonus |
Finding Top Rated Forex Brokers for beginners can be challenging, not anymore.
We have compiled a list of the Top Rated Forex Brokers in the industry offers. These are forex brokers who have been tested and proven to work.
How did we test these brokers?
The testing was conducted using different features that align with trading. That includes easy opening an account (minimum deposit), withdrawals, regulations, and bonuses.
Other criteria used included ease of communication and fair trading conditions.
The Top Rated Forex Brokers for Beginners is a list that would fit even the newbies of online investment.
Listed brokers have years of experience and can offer much more than just trading. You can use robots to earn passive income with some of these brokers.
Want to dive deeper into this topic?
Connect with Val or one of his team of experts for personalized insights, one-on-one guidance, and tailored advice to help you navigate the complexities discussed in this article.
Without further ado, let’s take a closer look at the Top Rated Forex Brokers
1. IC Markets
IC Markets is at the top of the list thanks to its world-class trading experience and fair trading conditions.
Members get free VPNs and an automated trading system offering an edge. Enjoy ALGO trading with 60% of all traders using this method.
Traders on the platform enjoy 61 products on the forex market, 25 indices, and 9 bonds. There are over 2,100 stock products and over 21 digital currency products.
You also get to trade with powerful terminals, including MT4 and MT5. These terminals are compatible with all devices, including desktop and mobile.
With fast withdrawals and instant deposits, this is one of the best brokers that guarantees fair trading.
If you are looking for Top Rated Forex Brokers for beginners, your first choice should be IC Markets.
Accounts IC Markets Top Rated Forex Brokers
There are three account types to choose from with IC Markets.
These include cTrader, Raw Spread, and Standard accounts. With two raw spread accounts to choose from, investors enjoy a small commission of $3.50 per lot.
The minimum investment deposit is $200 across all three accounts. It goes to show the platform does offer a fair and leveled deposit minimum.
All trading styles are allowed on IC Markets, making it the best Top Rated Forex Broker.
Advantages of IC Markets
Let’s take a closer look at the advantages of IC Markets
Spread starts from 0.0 pips for raw spread accounts and 0.6 for the standard account. Investors also enjoy a high leverage of 1:500 on all assets.
The minimum number of positions you can hold is 200 and 2000, respectively, for raw and standard accounts.
Online click trading is possible with stop-out level set at 50 percent. There’s no order distance restriction with IC Markets.
Based on independent reviews, we give IC MARKETS 4.8 out of a possible 5 star rating.
Why we recommend IC Markets
Beginners usually find a rounded broker who offers everything from fair trading conditions to low minimum deposits.
Top Rated Forex Brokers usually have a tightrope against newbies regarding commissions and rates.
Not with IC Markets; we highly recommend this broker.
2. A Markets
A Markets is one of the most affordable and Top Rated Forex Brokers we have in the industry. The broker also has one of the largest leverages in the industry.
Traders enjoy a maximum leverage of 1:3000 on some of the products with execution speeds marked at 0.03s.
Members also get a 25 percent bonus on their first bonus which is one of the more enchanting features for newbies.
A Markets makes it to the Top Rated Forex Brokers list for beginners due to the initial deposit and fair trading conditions.
There’s also the crypto asset factor, with the broker offers three of the most lucrative crypto assets to trade with.
These include BTC, ETH, and LTC, with leverage for these assets set for 1:3. For crypto trading, the acceptable minimum deposit is $100.
There’s a recurring 50 percent promotion on cryptocurrencies making it one of the best brokers for crypto trading targeting beginners and expert traders.
A Markets is one of the Top Rated Forex Brokers thanks to the client’s success rate market at 34.47 percent, the second highest in the industry.
With over a decade of successful trading, A MARKETS offers traders a chance to increase their ROI within the first few days of trading.
A member of the Financial Commission, A Markets follows set regulatory rules and guarantees the safety of funds.
Advantages of A Markets Top Rated Forex Brokers
It offers one account for all, which means you get an interactive account bearing all assets with favorable trading conditions.
Leverage positions on these assets make A Markets one of the most favorable top rated forex brokers in the industry.
There are no restrictions that would limit investors from enjoying a favorable outcome with A Markets.
Why we consider A Markets as one of the Top Rated Forex Brokers
One of the reasons why this broker is at the top of the list is client success. Most of the clients who sign up exceed expectations.
Newbies also get to take advantage of high leverage and use available charting tools to predict the market correctly.
You need to invest in reasonable forex trading brokers such as A Markets and use them to ensure there’s magic in your trading.
3. ForexSignals
ForexSignals is another reputable forex trading brokerage service provider. The platform makes it to the top rated forex brokers list thanks to the high success rate.
You get a broker offering immense services, including forex trading signals with near-accurate prediction.
Even skilled traders rely on some of the signals provided by Forex signals making it a must-have for newbies as well.
With access to a trading room where you get to interact with other traders, you need to opt for reliable investment solutions such as forex signals.
There are several strategies on offer from expert traders who started the platform. You also get exceptional learning materials to help you become an expert trader.
With a minimum deposit of $200, the platform is ASIC and FCA-regulated meaning your funds are totally safe.
Advantages of ForexSignals
Members get to learn how to trade, thanks to professional coaches on the platform properly. You also get to chat with the pro trading coaches on forexsignals.com
Why we recommend forex trading signals
ForexSignals is one of the top rated forex brokers for a reason, and you enjoy over 300 hours of learning materials.
Signing up is easy and you can start learning how to trade when you’re free.
4. Coinexx
For traders looking for access to cryptocurrency assets, Coinexx is the broker for you. It also gives traders one of the best sign ups with 100% deposit bonus. The acceptable minimum deposit with Coinexx is $10.
Leverage for all assets on the platform are set at 1:500 which makes Coinexx a high risky platform with high rewards. Spreads start from 0.1 pips and there are a ton of trading instruments.
Available trading instruments include commodities, cryptos, forex, indices, and stocks. Margin and stop out are 70% and 50% respectively. The platform has the most affordable commissions and fees in the industry.
Support from Coinexx is exceptional making it one of the best trading platforms. Available platforms include MT4 and MT5 terminals giving traders a user-friendly interface to trade with. You also get three account types with Coinexx.
There’s an affiliate program with the platform accepting and offering Mobile trading platforms.
Advantages of Coinexx
With several contests available, the biggest one has to be the 100% deposit bonus for new members as well. Free VPS are available giving traders a chance to get in touch with exceptional trading signals.
Depositing and withdrawing funds is exceptional with the platform offering immediate withdrawals. The platform allows a maximum trading quantity of 200 lots with members having access to ask for more leverage.
The secure client area gives traders a chance to interact with support therefore requesting more leverage if need be. For those looking for an offshore brokers, this is the best platform as it has been in the game for years.
With an acceptable minimum deposit of $10, it gives all access to traders. The platform also has an exceptional educational platform giving traders a chance to learn and horn their skills on the go.
MT4 and MT5 trading terminals are another exciting feature with Coinexx.
September 10, 2017 @ 1:37 am
Agradezco su información, tengo tiempo tratando de conseguir datos que me ayuden a invertir en Forex y hasta ahora los veo muy convincente. Gracias.
November 6, 2017 @ 6:39 pm
Thanks Mariu. I hope you now have the information you need to make a proper investment decision.
September 13, 2017 @ 12:38 pm
Im have account in Exness and its true they dont charge commissions.
March 12, 2018 @ 11:52 pm
there is site called
https://world-mining.net
this is real or scam please any body know something tell me thanks
April 30, 2018 @ 6:16 pm
EToro is frequently nominated in most Top Broker Review why you haven’t mention it?
January 10, 2021 @ 6:49 am
revise, eToro tiene muchísimas quejas
August 31, 2018 @ 11:25 am
I didn’t see any review done on blue trading . May I know if blue trading is a scam or it is real legitimate and trustworthy PAMM account management service? Have any scale reports arise from this blue trading service? Just how reputable is this company and how good are their returns?
August 31, 2018 @ 11:26 pm
Hi Samuel,
You can find our review on Blue Trading here – https://www.valforex.com/2018/06/blue-trading-review-could-this-be-a-scam.html
And yes, they are real and legitimate forex/crypto managed trading company. Their returns are as good as they promised but sometimes they can go low or higher by rates up to 5% as i personally use them myself.
Thanks for your comment.
September 11, 2018 @ 4:41 pm
what can you say about fxtradeoption and IFC markets?
October 3, 2018 @ 3:44 pm
Thank you Val, it is good to review about this brokers. Personally I have lost money on one broker called Leo Markets. Their websites no longer exist and they are no longer answering my calls or atleast call me, so it is very important to review this brokers first.
October 17, 2018 @ 1:34 am
I find this truly helpful; as it is my first attempt at trying this out.
November 6, 2018 @ 2:10 pm
Thank you for your warning, i almost invested my hard earned money. Kindly advice me on these self aclaimed investers: myhopetoday.co.uk
November 20, 2018 @ 6:52 am
Thanks for this great information. Please is Fenwayinvestments.com a scam?
December 4, 2018 @ 2:40 pm
Thanks for this great information. Please is Fenwayinvestments.com a scam?
December 23, 2018 @ 5:30 pm
Bankmalهل هي عملية احتيال ام انها صادقة في تعاملاتها
March 25, 2019 @ 11:30 pm
Thank you so much..this is indeed helpful
April 23, 2019 @ 3:52 pm
is 247forextrade a scam
April 25, 2019 @ 12:32 pm
salut puis je savoir si iqoption paye veritablement
June 18, 2019 @ 2:23 pm
Hi is UFT GROUP a scam. Ive invested $250 and the broker keeps on ringing me to invest more
June 26, 2019 @ 8:02 pm
Ponawiam pytanie ktore zadal Maureen..czy uft group jest oszustwem?
August 11, 2019 @ 11:50 pm
Ciao. Sapete qualcosa di trade.com? Non mi sembra di aver trovato nulla. Grazie
Ciao.
August 17, 2019 @ 8:46 pm
Buxoro viloyat buxoro tuman
October 27, 2019 @ 9:43 am
Sinds kort met omegafx mee doen is het betrouwbaar broker ?
October 27, 2019 @ 9:36 pm
Hallo, lees OmegaFX Review
January 2, 2020 @ 3:09 pm
es libramarkets una plataforma de estafa invertí hace un mes aproximado un dinero que tenía ahorrado y aunque no he perdido leo cosas que me generan dudas ,no se nada de inversión y lo hice por una entrevista que ví en tv España a un cocinero prestigioso que recomenedaba invertir en cryptomonedas y era muy rentable,¿Como podría obtener informacvión telefonicamente,GRACIAS
January 3, 2020 @ 4:42 am
Invertí 250 USD en go4rx.com
Los comentarios de clientes son terribles. Creo que perdí mi dinero. Me podrian ayudar?
January 5, 2020 @ 1:58 am
Hola Ángeles te diré que como soy otro que invertí en libramarkets y me siento estafado llevo algo más de un mes detrás de que me devuelvan el dinero que invertí pero no hacen más que marear me llaman para decirme que siga con ellos cuando les digo que no quiero seguir me dicen que tengo que solicitar la devolucion a través de correo electrónico en su pajina web a si lo e echo pero a un no e tenido ni contestación ni llamada a si es que estoy en que es un fraude se que hay una plataforma de afectados y que hay quien ya los a denunciado para ver si los cojen y que al menos dejen de estafar a personas como nosotros a los que nos cuesta ganar el dinero. Te doi mi teléfono por si q
Quieres escribirme por wasp o para ablar acerca de esto un cordial saludo Fran
January 13, 2020 @ 9:40 am
excentral-int.com Scam or not
July 25, 2020 @ 7:34 am
Hello .
I hope I can find a good broker. If anyone has a good experience and recommend me will appreciated.
I had 2 bad contact, 1 is got €250, the other is not taken yet, bot I am affraid they will shortly.
The problem is, very hard to find a good and correct.
Thanks for everything.
March 26, 2021 @ 3:00 pm
Hi. I need info on expertsbinarytrade. To see if the are legit. The about us page doesn’t exist. Would really appreciate the info.
Thanks
July 21, 2021 @ 3:56 pm
I have invested hundreds of thousands of dollars with Eliumcoin and now cannot even communicate. Can you provide any info or help?
July 22, 2021 @ 11:29 pm
Hi Linda,
You can check out our Eliumcoin Review
October 30, 2021 @ 9:45 pm
Maureen, based on my beginning experience in recent days, sounds like u got a scammer like i did…called LegalTrader. Now i work on retrieving my deposit, thankfully a low amt. Since posting ur comment in 2019, what result has transpired 4 u? Retrieval? Was it actu a scam? Did u make any $..? Could u withdraw it if made?
February 5, 2022 @ 3:12 pm
Palotraders took me to cleaners i out lot in and they will not let me have any moneys back, been trying for 10 weeks so far .
April 19, 2022 @ 3:56 pm
is this list of reliable brokers relevant now?