List of Top Forex Brokers for New Traders
Choosing the right forex broker is crucial for beginners. Key factors include an easy-to-use platform, low deposit requirements, educational resources, and reliable customer support. Below is a list of the best forex brokers in 2025, specifically selected for new traders.
| Commision | Instruments | Trading Cost | Leverage | ||
|---|---|---|---|---|---|
 Admiral Markets | From $6 per lot | Commodities Forex Crypto Stocks | From 0.0 pips | Up to 1:500 | |
 Alpari | No commission (for Standard accounts) | Forex CFDs Indices Commodities Crypto | From 0.1 pips | Up to 1:1000 | |
 AvaTrade | From $5 per lot | Commodities Currencies Cryptocurrencies ETFs Indices Stocks | From 0.9 pips | Up to 1:400 | |
 eToro | No commission | Forex Stocks ETFs Commodities Crypto | From 1 pip | Up to 1:30 (1:5 for crypto) | |
 Exness | No commission | Commodities Currencies Cryptocurrencies Indices Stocks | From 0.1 pips | Up to 1:2000 | |
 FBS | No commission (for Standard accounts) | Commodities Currencies Cryptocurrencies Indices Stocks | From 0.0 pips | Up to 1:3000 | |
 Forex.com | From $5 per lot | Commodities Forex Stocks Indices Metals | From 0.2 pips | Up to 1:50 | |
 FXPro | From $4 per lot | Energies Forex Cryptocurrencies Stocks Futures Indices Metals | From 0.0 pips | Up to 1:500 | |
 FXTM | No commission | Commodities Stocks Forex Indices Metals Shares | From 0.1 pips | Up to 1:1000 | |
 HFM | From $6 per lot | Forex Metals Energies Indices Stocks Commodities Bonds ETFs Cryptocurrencies | From $6 per lot | Up to 1:1000 | |
 IC Markets | From $3 per lot | Bonds Commodities Cryptocurrencies Stocks Forex Futures Indices | From 0.0 pips | Up to 1:500 | |
 IG Markets | No commission | Commodities Currencies Cryptocurrencies ETF Indices Stocks Futures Bonds Options | From 0.6 pips | Up to 1:200 | |
 InstaForex | No commission | Forex Stocks Commodities Crypto Futures Indices Metals | From 0.0 pips | Up to 1:1000 | |
 IQ Option | No commission on standard accounts | Forex Stocks Cryptocurrencies Commodities Indices Options | From 0.1 pips | Up to 1:1000 | |
 Oanda | No commission | Forex Cryptocurrency Commodities Indices Metals | From 0.1 pips | Up to 1:50 | |
 OctaFX | No commission on standard accounts | Commodities Currencies Cryptocurrencies Indices Stocks | From 0.4 pips | Up to 1:1000 | |
 Pepperstone | No commission | Commodities Energies Stocks ETFs Forex Metals Indices | From 0.0 pips | Up to 1:500 | |
 RoboForex | No commission | Commodities Forex ETFs Indices Stocks Energies Metals | From 0.0 pips | Up to 1:2000 | |
 Tickmill | From $2 per lot | Currencies Commodities Indices Bonds ETFs Futures Metals | From 0.0 pips | Up to 1:500 | |
 XM | No commission | Commodities Energies Stocks Forex Indices Metals | From 0.0 pips | Up to 1:1000 |
Top 10 Forex Brokers for New Traders
Starting out in forex trading can be exciting, but finding the right broker is key. The best brokers for new traders in 2025 offer low minimum deposits, easy-to-use platforms, and secure trading environments. These brokers make it simple to get started without needing a huge investment upfront.
Here’s a list of top forex brokers perfect for beginners:
These brokers offer accessible platforms, great educational tools, and support, making it easy for new traders to get started confidently.
Exness
Exness is an excellent choice for traders who need high-speed execution and tight spreads. It offers a seamless trading experience with its diverse account types and advanced trading tools.
Execution Speed: 0.05s
Spreads: As low as 0.0 pips
Account Types: Standard, Raw Spread
Leverage: Up to 1:500
Key Features: Autochartist, Myfxbook, VPS
Exness stands out due to its lightning-fast execution and highly competitive spreads, making it ideal for traders focused on speed and precision. The platform’s integration with Myfxbook provides great analytics, while Autochartist helps in making informed decisions. The addition of a free VPS makes it a strong candidate for algorithmic traders. Read more.
Pros:
✔ Superior order execution with minimal slippage
✔ Tight spreads from 0.0 pips
✔ Advanced analytics tools like Autochartist
✔ Free VPS for uninterrupted trading
✔ High leverage up to 1:500 for better flexibility
Cons:
✘ Narrow asset selection beyond forex
✘ Some advanced features are available only for higher-tier accounts
Alpari
Alpari caters to traders looking for flexibility. With a range of account types, including PAMM for managed funds, it offers an excellent solution for both novice and experienced traders. Alpari’s platform is built for ease of use and quick execution.
Execution Speed: 0.10 seconds
Spreads: Starting from 0.4 pips
Account Types: Standard, ECN, PAMM
Leverage: Up to 1:1000
Additional Features: PAMM Accounts, Free VPS, Trading Signals
Alpari excels with its wide range of account types, including PAMM accounts that allow investors to grow their funds through managed strategies. The platform offers strong execution and tight spreads, especially with ECN accounts. Alpari also provides free VPS for those interested in automated trading. Read more.
Pros:
✔ Versatile account offerings for all types of traders
✔ PAMM accounts for hands-off investment options
✔ Tight spreads with ECN accounts starting at 0.4 pips
✔ High leverage options up to 1:1000
✔ Free VPS available for stable and efficient automated trading
✔ Solid and reliable trade execution with minimal slippage
Cons:
✘ Customer support can be slower on weekends
✘ Limited advanced market analysis tools
Tickmill
Summary: Ideal for low-cost trading with tight spreads.
Execution Speed: 0.1s
Spreads: From 0.0 pips
Accounts: Classic, Pro, VIP
Leverage: Up to 1:500
Additional Tools: Autochartist, VPS
Tickmill offers a low-cost trading experience with minimal spreads, making it a great choice for scalpers and high-frequency traders. The broker’s Pro and VIP accounts are perfect for more experienced traders who need tighter spreads and better trading conditions. Tickmill also supports algorithmic trading through its Autochartist tool and free VPS hosting. Read more.
Pros:
✔ Raw spreads from 0.0 pips
✔ Low-cost trading environment
✔ Leverage up to 1:500 for diverse strategies
✔ Excellent for scalping and fast trading
✔ Free VPS for algorithmic traders
Cons:
✘ Limited range of educational materials
✘ Higher minimum deposit for VIP accounts
FXTM
Summary: Best for beginners seeking educational resources and flexibility.
Execution Speed: 0.12s
Spreads: From 0.1 pips
Accounts: Standard, ECN, Cent
Leverage: Up to 1:1000
Additional Tools: Daily Market Insights, Free VPS
FXTM provides excellent resources for beginners, offering strong educational support and multiple account types. The platform’s fast execution speeds and low spreads make it a great choice for new traders, while its high leverage options allow more experienced traders to take on greater risk for higher rewards. Read more.
Pros:
✔ Strong educational materials for beginners
✔ Multiple account types for various trading styles
✔ Low spreads starting from 0.1 pips on ECN accounts
✔ Free VPS for stable trading execution
✔ High leverage options for greater flexibility
Cons:
✘ Higher spreads on standard accounts
✘ Limited advanced tools for expert traders
IQ Option
Summary: Best for traders seeking a low-cost entry and variety of instruments.
Execution Speed: 0.15s
Spreads: From 0.8 pips
Accounts: Standard, VIP
Leverage: Up to 1:500
Additional Tools: Economic Calendar, Demo Account
IQ Option offers one of the most accessible platforms for beginner traders, with a low minimum deposit requirement and a wide range of trading instruments. The app is intuitive, providing a seamless trading experience across forex, stocks, and options. The demo account also helps new traders practice before diving into real trades. Read more.
Pros:
✔ Low entry barrier with a $10 minimum deposit
✔ Wide range of trading instruments
✔ Smooth user interface for beginners
✔ Demo account for risk-free practice
✔ Flexible leverage up to 1:500
Cons:
✘ Limited advanced charting tools
✘ Options trading carries higher risk
RoboForex
Summary: Best for automated and copy trading strategies.
Execution Speed: 0.09s
Spreads: From 0.0 pips
Accounts: Pro, ECN, Prime
Leverage: Up to 1:2000
Additional Tools: CopyFX, VPS
RoboForex shines with its robust support for automated and copy trading. The platform allows traders to follow others’ strategies through its CopyFX feature, while also offering a wide range of account types and high leverage for greater flexibility in strategy implementation. Its fast execution speeds and low spreads make it a strong contender for active traders. Read more.
✔ Automated and copy trading via CopyFX
✔ ECN execution with spreads starting from 0.0 pips
✔ High leverage options for greater flexibility
✔ Free VPS hosting for continuous trading
✔ Multiple account types to suit different needs
Cons:
✘ Withdrawal fees on some payment methods
✘ Limited educational resources for beginners
Pepperstone
Summary: Best for scalping and high-frequency traders.
Execution Speed: 0.06s
Spreads: From 0.0 pips
Accounts: Standard, Razor
Leverage: Up to 1:500
Additional Tools: Smart Trader Tools, Autochartist, VPS
Pepperstone is a favorite among scalpers and high-frequency traders, offering extremely fast execution speeds and tight spreads. The platform’s Smart Trader Tools enhance MT4 performance, while its no-dealing desk model ensures true market pricing. Pepperstone also offers a free VPS for automated strategies. Read more.
Pros:
✔ Ultra-low latency with spreads from 0.0 pips
✔ Ideal for scalping and high-frequency trading
✔ Free VPS for algorithmic trading
✔ Advanced tools like Smart Trader for improved MT4 performance
✔ Strong regulatory framework
Cons:
✘ Limited range of non-forex assets
✘ Higher deposit requirement for Razor accounts
Forex.com
Summary: Best for beginners looking for strong support and a wide range of assets.
Execution Speed: 0.14s
Spreads: From 0.5 pips
Accounts: Standard, Commission, STP Pro
Leverage: Up to 1:50
Additional Tools: Trading Signals, Economic Calendar, Research Tools
Forex.com is a trusted broker, offering strong educational support for newcomers. The platform provides a wide range of assets and competitive spreads, ideal for beginners. It also integrates solid research tools and an economic calendar to help traders make informed decisions. Read more.
Pros:
✔ Strong educational resources
✔ Wide selection of assets including forex, stocks, and commodities
✔ Reliable research tools
✔ Competitive spreads starting from 0.5 pips
✔ Regulated by multiple authorities
Cons:
✘ Higher trading fees compared to some competitors
✘ Limited leverage for forex pairs
OANDA
Summary: Best for a user-friendly platform with advanced charting and market insights.
Execution Speed: 0.13s
Spreads: From 0.1 pips
Accounts: Standard
Leverage: Up to 1:50
Additional Tools: Trading Platform, API, Market Data
OANDA offers an excellent platform for traders looking for reliability and comprehensive analysis tools. Its real-time market data and integrated economic calendar provide a thorough understanding of market movements. The platform’s easy-to-use interface and mobile app make it perfect for traders on the go. Read more.
Pros:
✔ Comprehensive research tools and real-time market data
✔ Easy-to-use platform
✔ Wide variety of instruments
✔ Well-regulated and secure
✔ Great for both beginner and intermediate traders
Cons:
✘ Limited product range outside forex
✘ Higher fees for some accounts
IC Markets
Summary: Best for low-cost trading with fast execution.
Execution Speed: 0.1s
Spreads: From 0.0 pips
Accounts: Standard, Raw Spread, cTrader
Leverage: Up to 1:500
Additional Tools: Depth of Market (DoM), VPS
IC Markets is ideal for traders who need fast execution speeds and low costs. With access to raw spreads and no dealing desk intervention, it’s the perfect platform for high-frequency and scalping traders. The broker also offers a free VPS and advanced charting tools for algorithmic traders. Read more.
Pros:
✔ Raw spreads starting from 0.0 pips
✔ High liquidity and fast execution
✔ No dealing desk intervention
✔ Free VPS for uninterrupted trading
✔ Suitable for scalpers and high-frequency traders
Cons:
✘ Limited educational resources
✘ Higher deposit requirement for Raw Spread accounts
What is a Standard Account?
A standard forex trading account is designed to offer traders an entry point into the forex market with a balance that reflects the standard lot size (typically 100,000 units of the base currency). These accounts provide traders with a easy trading experience, offering the opportunity to trade a broad range of financial instruments with favorable trading conditions.
Types of Standard Accounts
Traders can choose from different variations of standard accounts, each offering specific features to suit varying trading preferences and risk management needs. The following table compares the main types of standard accounts:
| Feature | Standard Account | Standard Cent Account |
|---|---|---|
| Minimum Deposit | Low | Very Low |
| Account Currency | Multiple options | Primarily cents |
| Spread | Competitive | Competitive |
| Commission | No | No |
| Leverage | Flexible | Flexible |
| Trading Instruments | Wide range | Wide range |
| Execution | Fast | Fast |
| Trading Platform | MT4, MT5 | MT4, MT5 |
| Suitability | All traders | Novice traders |
Features of Standard Accounts
Standard accounts are a popular choice for traders thanks to their simplicity, low entry requirements, and flexible conditions. They suit both beginners and experienced users by offering easy access, competitive spreads, and a wide range of trading tools.
Opening a Standard Forex Trading Account
Opening a standard trading account is a simple process that can typically be completed online. Here’s a general guide to get started:
- Visit the Broker’s Website: Ensure you’re on the official site to protect your information.
- Sign Up: Provide your email and basic information to begin the registration process.
- Verify Your Email: A verification link will be sent to your inbox. Click to confirm your email address.
- Complete the Registration: Fill out a more detailed registration form with personal information, including your full name and contact details.
- Pass the KYC (Know Your Customer) Process: Submit required documents such as an ID or passport and proof of address to complete the identity verification.
- Choose Your Account Type: Select the standard trading account option.
- Deposit Funds: Fund your account using your preferred payment method, such as bank transfer, e-wallet, or credit card.
- Download the Trading Platform: Install MetaTrader 4 or MetaTrader 5 on your computer or mobile device.
- Start Trading: Once the deposit is confirmed and your platform is set up, you can begin trading.
Benefits of Standard Trading Accounts
Standard trading accounts offer a range of benefits tailored to meet the needs of various traders, from beginners to experienced market participants. Here are some of the key advantages:
- Accessibility: Standard accounts have a low minimum deposit requirement, making them accessible for traders who don’t want to commit a large amount of capital upfront.
- Competitive Spreads: Standard trading accounts offer competitive spreads, reducing the cost of trading and allowing traders to execute transactions at prices closer to market rates.
- No Commission: These accounts come without commission fees, simplifying the cost structure for traders and making it easier to calculate profits and losses.
- Leverage Options: Traders can choose flexible leverage options according to their risk tolerance, although it’s important to use leverage wisely due to increased risks.
- Wide Range of Trading Instruments: Standard accounts provide access to various trading instruments like forex pairs, metals, cryptocurrencies, energies, and indices, enabling portfolio diversification.
- Advanced Trading Platforms: Standard account holders have access to popular trading platforms like MetaTrader 4 and MetaTrader 5, known for their user-friendly interfaces, advanced charting tools, and reliable functionality.
- Instant Execution: Standard accounts ensure instant execution on trades, reducing delays and the risk of slippage, especially in fast-moving markets.
- 24/7 Customer Support: Traders have access to round-the-clock customer support in multiple languages, providing assistance whenever needed.
- Educational Resources: Traders can access a range of educational materials such as articles, webinars, and training courses to help improve their skills and knowledge.
- Demo Account: Traders can use a demo account to practice strategies and get familiar with the platform in a risk-free simulated trading environment, which is especially beneficial for beginners and strategy testing.
Overall, standard accounts provide a comprehensive trading solution that balances ease of use with a range of features designed to support effective and efficient trading activities.
Account Management for Standard Trading Accounts
Account management for standard accounts is designed to be straightforward and user-friendly, allowing traders to efficiently manage their funds, settings, and trading activities. Here are key aspects of account management:
- User Dashboard: Once you open a standard trading account, you gain access to a user-friendly dashboard. This dashboard serves as your central hub for managing your accounts, viewing your balance, checking open positions, and monitoring your trading history.
- Deposits and Withdrawals: Standard accounts provide a variety of options for depositing and withdrawing funds, including bank transfers, credit/debit cards, and e-wallets. Many transactions are processed instantly, and withdrawals are known to be quick, offering flexibility and convenience.
- Account Verification: To comply with regulatory requirements, standard accounts require account verification. This involves submitting identification documents such as a passport or ID card and proof of residence like a utility bill or bank statement. Verification ensures security and integrity in the trading environment.
- Leverage Adjustment: Traders have the flexibility to adjust their leverage according to their trading strategy and risk tolerance. This can be done directly from the account settings, providing adaptability to changing market conditions.
- Account Type Switching: If a trader wishes to switch between different account types, such as from a standard to a professional account, the process is typically straightforward. It’s important to check the specific requirements and features of the new account type.
- Trading Platform Integration: Standard accounts are compatible with widely used trading platforms like MetaTrader 4 and MetaTrader 5, which enables seamless trading and account management.
- Customer Support: Standard account holders have robust customer support available for any account management issues. Support is accessible through various channels including live chat, email, and phone.
- Security Features: Account security is a priority. Features like two-factor authentication (2FA) are available to help protect accounts from unauthorized access.
- Customization and Preferences: Traders can customize their account settings to suit their preferences, including setting up notifications, managing subscription services, and configuring other account features.
- Educational Resources and Tools: A variety of resources, such as educational content, analytical tools, and market insights, are provided to help traders manage their accounts effectively.
By offering these comprehensive account management features, standard trading accounts ensure that traders can maintain control over their trading activities, customize their experience, and access support and resources to enhance their trading success.
Financial Instruments Available with Standard Trading Accounts
Standard trading accounts offer a wide array of financial instruments to accommodate different trading strategies and preferences. Here’s an overview of the key categories of financial instruments available:
- Forex: A major component of standard trading accounts, forex allows access to a wide range of currency pairs, including major, minor, and exotic pairs. Traders can capitalize on currency movements using various strategies like scalping, swing trading, or position trading.
- Metals: Standard accounts also allow trading of precious metals, such as gold and silver, which are often seen as safe-haven assets. Traders can speculate on price movements or use metals to hedge against currency or market volatility.
- Cryptocurrencies: Recognizing the growing interest in digital assets, standard accounts offer trading on popular cryptocurrencies, including major coins like Bitcoin and Ethereum.
- Energies: Traders can trade energy products like oil and natural gas, with their prices influenced by global economic factors, geopolitical events, and market dynamics, offering a variety of trading opportunities.
- Indices: Standard accounts offer access to a variety of global indices, enabling traders to speculate on the performance of stock markets in various countries, often providing exposure to an entire sector or market without having to trade individual stocks.
- Stocks: Although not the primary focus in standard forex trading, some brokers offer stock trading, enabling traders to speculate on the performance of major companies.
- Commodities: In addition to energies, standard accounts may also provide trading in commodities like agricultural products or industrial metals, depending on platform capabilities.
Conclusion
Standard trading accounts offer a versatile and accessible solution for a wide range of traders, from beginners to experienced professionals. These accounts feature a user-friendly setup process, competitive spreads, zero commission fees, and flexible leverage options. The diverse selection of financial instruments, including forex, metals, cryptocurrencies, energies, and indices, allows for comprehensive portfolio diversification, effective risk management, and numerous trading opportunities. Overall, standard accounts are an excellent choice for traders seeking a reliable and dynamic trading platform, equipped with the necessary tools and conditions to support their trading journey.
FAQs
What is the minimum deposit required to open a Standard Trading Account?
The minimum deposit for a standard trading account can be very low, but it may vary depending on the region and specific account type. It’s best to check with the platform or contact customer support for the most accurate and up-to-date information.