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6 Best Forex Broker For Beginners In 2018

It has always been tricky selecting the best forex broker for beginners as there are thousands of them already plying their trade in the market. From the beginners’ point of view, it is important that they select a broker that makes your trading breeze, providing an easy to use interface and is supportive all the time.
Here is a list of some of the best forex broker for beginners:

1. XM
In the short period of time, it has been in the forex market; XM has been able to carve a niche for itself and has attracted over 300,000 traders from across 196 countries. Today, this Cyprus-headquartered broker has offices in Greece and Hungary.
Beginners in the forex market are likely to find XM very helpful as they provide a variety of educational resources, in addition to flexible account options and affordable transaction costs they provide. What is even more remarkable with XM is that nearly 99.35% of the trades initiated through XM get executed within a second. This is why XM can be a preferred choice for most beginners in the forex market.



2. HotForex
This Mauritius-registered forex broker has been consistently ranked has one of the best forex brokers in Asia and it truly deserves every bit of accolades it has received in the recent past. The transparency, openness and honesty with which they operate make it possible for even novice traders to feel comfortable and secure to do their trading under different market conditions.

To make it easier for new forex traders to trade under market conditions, Hot Forex has opened up several communication lines like online forms, the telephone, e-mail and live chat. Beginners can set up a trading account with the broker for as little as $50. Furthermore, the broker offers flexible payment methods like WebMoney, credit and debit cards, Liberty Reserve, PerfectMoney, and others.


3. Exness
Exness is one of the leading investment companies that provide a wide range of private and institutional investments and trading operations management to different levels of customers. So, even if you’re new to the forex market and want to create an impact, Exness can help you right away.

Established in 2008, Exness provides both MetaTrader 5 and MetaTrader 4 trading platforms for novice and experienced traders. What is really good for Exness users is that no minimum deposit is required to carry out trading activities. Furthermore, different versions of forex services offered by Exness are found to be reliable and stable, making it possible for new entrants to have control over their trading moves. The customer support of Exness too is pretty impressive.



4. Easy-Markets
Having its presence in over 160 countries, Easy-markets is one of the trusted players in Asian and European markets. The remarkable thing with Easy-markets is their adaptability to various market conditions whilst adhering to the changing regulatory environment.

In addition to providing a guaranteed stop loss, Easy-markets has a well-defined policy for negative balance which can be really beneficial for the new entrants. Though the transaction costs of this broker are slightly on the higher side, the protection you’re guaranteed through the broker can well help you during volatile market conditions. Also, with an impressive collection of eBooks, videos, and educational articles, Easy-markets is the broker you need to watch out for, especially if you’re new to the forex market.


5. Markets.com
The forex pairs for trading offered by Markets.com is truly remarkable and what is even more commendable is that they allow their traders to get involved with stocks, indices, and commodities. It is because of these features, Markets.com has been favored by a variety of traders worldwide.
Some of the time-tested technologies like MetaTrader 4 that Markets.com has invested in have enabled them to develop and provide convenient trading packages for customers to use. Finally, the combination of proven technologies, ability for a trader to trade on any kind of instrument and reliable customer support has meant that even beginners in the forex trade are able to count on it all through.



6. AvaTrade
Established in 2006, AvaTrade is easily one of the largest and more reliable forex brokers in the world today. What is really special with AvaTrade is their ability to provide all kinds of markets to those having large or small accounts with them. Today, the reputed forex broker is regulated by MiFID, the Central Bank of Ireland and other regulatory bodies worldwide.
Besides forex, AvaTrade also specializes in providing valuable services related to stocks and CFDs. AvaTrade has also been known to provide reliable and efficient customer support on a variety of issues and is also known to help new traders in taking their initial steps in the forex market. Attractive promotions and bonuses are among many initiatives AvaTrade has taken to attract all kinds of customers towards it.

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RISK:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.