Forex Trading: The Ultimate Currency Market for beginner Investors

Forex market is a decentralized global market where currencies are traded, making it the largest and most liquid financial market in the world. Forex trading involves buying and selling currency pairs with the aim of making a profit from the fluctuations in their exchange rates.

Here are some reasons why forex trading is the on of the best instruments for beginner traders:


  • High Liquidity - Forex trading is the largest financial market in the world, with over $6 trillion traded daily. This means that there is always a buyer and seller for every trade. High liquidity means that traders can enter and exit trades quickly and easily without worrying about finding a counterparty.

  • Volatility - The forex market is highly volatile, which means that currency prices can fluctuate rapidly. This volatility creates opportunities for traders to profit from price movements. Skilled traders can use technical and fundamental analysis to identify trends and make thought-through trading decisions.

  • Low Trading Costs - Forex trading typically has lower trading costs than other financial markets. Brokers usually charge a small commission or spread, which is the difference between the buy and sell price of a currency pair. With low trading costs, traders can potentially earn higher profits.

  • Accessible to All Traders - Forex trading is accessible to traders of all levels. With the advent of online trading platforms, traders can easily open an account and start trading with a small amount of capital. This means that traders can test their skills and strategies without risking too much capital.

Forex trading can be an intimidating prospect for those with limited or no experience, but there is no need to worry. If you're feeling reluctant to start trading due to lack of knowledge on the subject, we encourage you to visit our Educational section to learn more about the forex market and develop your trading skills. Additionally, below you will find a selection of regulated and safe brokers that you can rely on.

EXNESS

Exness is a well-regarded forex broker that offers traders access to a variety of markets and assets. Founded in 2008 Exness has since become a global leader in the forex industry providing cutting-edge technology, secure trading platforms and a range of account options that cater to all types of traders. One of the key selling points of Exness is its regulation. The company is authorized and regulated by: The Financial Conduct Authority (FCA) in the UK, The Cyprus Securities and Exchange Commission (CySEC), The Financial Services Authority (FSA) in the Seychelles, Capital Martkets Authority (CMA) in Kenya, The... [read more].

EXNESS main features and highlights

Regulation

FCA, CySEC, FSA, CMA, FSCA, CBCS, FSC, FSC

Headquarters

Limassol, Cyprus

Year founded

2008

Num of instruments offered

200+

Trading fees category

Low-Average

Deposit/Withdrawal options

Bank card/wire transfer/Skrill/Neteller/Crypto

Deposit/Withdrawal fee

No*

Min deposit

10$

Inactivity fee

No

Max leverage offered

1:Unlimited**

PEPPERSTONE

Pepperstone is a well established forex and CFD broker that has been providing trading services to clients since 2010. The company is headquartered in Australia and is regulated by the Australian Securities and Investment Commission(ASIC), as well as other top-tier regulators around the world.  One of the key strengths of Pepperstone is its commitment to providing clients with a wide range of trading platforms and tools to suit their individual needs. The broker offers MetaTrader 4(MT4), MetaTrader 5(MT5), cTrader and TradingView trading platforms, each of which has its own unique features and benefits.  MT4 is the most popular trading platform... [read more].

PEPPERSTONE main features and highlights

Regulation

FCA, CySEC, BaFin, ASIC, DFSA, SCB, CMA

Headquarters

Melbourne, ‎Australia

Year founded

2010

Num of instruments offered

1200+

Trading fees category

Low-Average

Deposit/Withdrawal options

Credit/debit card; bank wire; Electronic wallet

Deposit/Withdrawal fee

No

Min deposit

1$

Inactivity fee

No

Max leverage offered

500:1*

XM

XM is a globally recognized forex and CFD broker that was founded in 2009 and is headquartered in Cyprus. The broker has a strong reputation in the industry and is regulated by the Cyprus Securities and Exchange Commission (CySEC). XM has a range of account types available to suit the needs of traders of all levels. The Micro account is a good choice for beginners as it has a low minimum deposit requirement of just $5, while the Standard account is designed for more experienced traders and has a minimum deposit of $100. The XM Zero account is the most advanced account type and is suitable for high-volume traders... [read more].

XM main features and highlights

Regulation

CySEC

Headquarters

Limassol, Cyprus

Year founded

2009

Num of instruments offered

1000+

Trading fees category

Average

Deposit/Withdrawal options

Credit/Debit card, Neteller, Skrill, UnionPay, Web money, and Bank Wire

Deposit/Withdrawal fee

No*

Min deposit

5$

Inactivity fee

Yes**

Max leverage offered

1000:1***

BLACK BULL MARKETS

BlackBull Markets is a solid forex and CFD broker, founded in 2014 and headquartered in New Zealand. The broker has quickly gained a reputation for providing traders with excellent trading conditions and a high level of customer service. BlackBull Markets is regulated by one of the strictest regulators – the Financial Markets Authority (FMA) in New Zealand, ensuring that the broker operates with transparency and security. BlackBull Markets offers a variety of account types to cater to the needs of traders of all levels. The Standard account is designed for beginners and has no minimum deposit requirments... [read more].

BLACK BULL MARKETS main features and highlights

Regulation

FMA – New Zealand

Headquarters

Auckland, New Zealand

Year founded

2014

Num of instruments offered

2500*

Trading fees category

Low

Deposit/Withdrawal options

Wire transfer, Credit/debit card, Neteller, Skrill, UnionPay, FasaPay

Deposit/Withdrawal fee

Deposit – No, Withdrawal – 5$

Min deposit

1$

Inactivity fee

No

Max leverage offered

1:500