For Newbies

Trade with the best brokers for indicator-based strategies

Why this brokers?

IndicatorSpot.com recommends this list of particular forex brokers based on a comprehensive evolution process. We carefully select brokers that meet our high standards and provide reliable trading to our clients.

Beginner-Friendly Forex Brokers: Ratings and Guidance

FXTM
Regulation
FSCA, FSC, FCA, CMA
Operating since
2011
Minimum Deposit
$100
Small Accounts
Micro
Max.Leverage
1:1000
Tradable symbols
200+
XM Group
Regulation
ASIC, CySEC, DFSA
Operating since
2009
Minimum Deposit
$5
Small Accounts
Micro, Ultra Low
Max.Leverage
1:1000
Tradable symbols
724
RoboForex
Regulation
FSC
Operating since
2009
Minimum Deposit
$10
Small Accounts
Cent, Micro
Max.Leverage
1:2000
Tradable symbols
12 000+
NPBFX
Regulation
The Financial Commission, IFSC
Operating since
1996
Minimum Deposit
$1
Small Accounts
Cent
Max.Leverage
1:500
Tradable symbols
200+
FBS
Regulation
IFSC
Operating since
2009
Minimum Deposit
$1
Small Accounts
Cent, Micro
Max.Leverage
1:3000
Tradable symbols
200+
FXOpen Investments Inc.
Regulation
The Financial Commission
Operating since
2005
Minimum Deposit
$1
Small Accounts
micro
Max.Leverage
1:500
Tradable symbols
600+
HF Markets (SV) Ltd.
Regulation
CIF, CySEC, DFSA, FCA, FSCA, FSA
Operating since
2010
Minimum Deposit
$0
Small Accounts
Cent
Max.Leverage
1:2000
Tradable symbols
Exness
Regulation
FSC, FSA, CBCS, FSCA, CySEC, FCA, CMA
Operating since
2008
Minimum Deposit
$10
Small Accounts
Cent
Max.Leverage
1:3000
Tradable symbols
200+
FXCM
Regulation
ASIC, CySEC, FCA, FSCA
Operating since
1999
Minimum Deposit
$50
Small Accounts
Micro
Max.Leverage
1:400
Tradable symbols
560
Vantage
Regulation
ASIC, CIMA, FCA, FSCA
Operating since
2009
Minimum Deposit
$50
Small Accounts
Micro
Max.Leverage
1:500
Tradable symbols
350+

Looking to dip your toes into the world of trading? Our “Brokers for beginners” category is designed to help novice investors navigate the financial markets with confidence. Discover top-rated brokers offering user-friendly platforms, educational resources, and beginner-friendly features. Start your investment journey today and make informed decisions with the right broker by your side.

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Disclaimer: Our recommendations are based on our own research and analysis, and should not be construed as financial advice. Please do your own due diligence before choosing a broker.

Risk Warning: Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.