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5 Best Forex Brokers for New Traders - 0 views

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started by georgefxinvestor on 14 Dec 22
  • georgefxinvestor
     
    Forex trading is an exciting way to trade currencies on the global market. It's also a great way to earn money when you're looking to diversify your portfolio.

    Here's our list of the best forex brokers for new traders.

    There are plenty of reasons why people choose to start trading with a broker. You might be interested in learning more about how forex works, or maybe you just want to try something new. Whatever your reason, we've got you covered.

    FXCM

    If you're looking for a broker that offers low spreads, high leverage, and 24/7 customer support, then FXCM is the right choice for you. They offer competitive spreads, an easy-to-navigate platform, and a wide range of tools and features.

    IG Group

    IG Group has been around since 2004 and has grown into one of the largest forex brokers in the world. It's also one of the few brokers that allows traders to use leverage up to 100 times their deposit. This means that you can trade with as little as $100 and potentially make hundreds of thousands of dollars per day.

    Plus500

    Plus500 is an online broker based in Cyprus that offers trading services in more than 60 different markets. They offer both spot and futures contracts, allowing traders to take advantage of the volatility of currency pairs. Plus500 is regulated by CySEC (Cyprus Securities and Exchange Commission) and FCA (Financial Conduct Authority).

    Interactive Brokers

    Interactive Brokers is another popular forex broker with a strong reputation. It was founded in 1982 and has been offering its services since then. It's headquartered in St. Louis, Missouri, and is licensed by the CFTC (Commodity Futures Trading Commission), NYMEX (New York Mercantile Exchange), and CME (Chicago Mercantile Exchange).
    Plus500 is also regulated by CySEC and FCA (the same as Plus 500).

    T4Trade

    T4Trade is a global leader in online trading with a wide range of financial instruments available for their customer base to trade along with multiple account types to trade them with. The platforms they provide are simple and easy to use no matter the level of trading.

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