Beginner-Friendly Brokers
Low minimum deposits, simple apps and clear education for traders placing their first forex trades.
1
- EUR/USD average spread
- Around 0.7 pips, commission-free
- Minimum deposit (card)
- $20
- Regulators
- FCACySECASICSCB
- Currency conversion fee
- 0.7% retail, 0.5% professional
7.5/10 Capital Com Group rating
2
- EUR/USD spread, web/app (fixed)
- From 0.9 pips
- Minimum deposit
- $25
- Leverage
- Up to 1:400 on web/app, up to 1:2000 on eligible MT5 accounts
- Regulators
- CySEC (07907)ASICSeychelles FSA
7.1/10 easyMarkets rating
3
- EUR/USD spread
- 0.9 pips fixed
- Minimum deposit
- $100
- Retail leverage (EU/UK/AU)
- Up to 30:1 on major forex pairs
- Lead regulator
- Central Bank of Ireland
6.9/10 AvaTrade rating
4
- EUR/USD average spread
- Around 0.3 pips
- Minimum deposit
- $10 (varies by region and entity)
- Regulation
- CySEC licence 16412 (Indication Investments LtdEU entity)
- Commission, proprietary platform
- 5 euros per side
6.7/10 Libertex Group rating
5
- Minimum deposit
- From 1 unit of the account's base currency
- Major pair leverage cap
- 30:1, standard for FCA and CySEC retail accounts
- Regulators
- FCACySEC
- Commission
- None on the CFD account
6.6/10 Trading 212 rating
6
- EUR/USD spread
- 1 pip tested, no commission on retail account
- Minimum deposit
- $100 (or currency equivalent)
- Regulators
- FCACySECASICFSCA
- Founded
- 2008, Limassol, Cyprus
6.6/10 Finalto rating
7
- EUR/USD average spread
- About 0.8 pips
- Minimum deposit
- $100
- Retail leverage
- Up to 30:1 on major forex pairs
- Regulators
- FCAASICCySEC
6.5/10 Plus500 Ltd rating