Forex trading is quite popular, and many major international brokers operate there. However, some are more popular than others, and such brokers usually have attractive features and bonuses.
The experts of Traders Union have analyzed the market to determine which popular brokers are the best for novice traders.
Crucial aspects
Popularity isn’t a good characteristic for choosing a broker.
Even the most well-known trading platforms have flaws, and even a broker with millions of active users isn’t protected from all kinds of problems.
Forex experts prefer to look at other important aspects: security, fees, instruments, conditions, and additional features like bonuses or investment opportunities.
Only the broker that has all these aspects in order can be recommended.
Best broker
There are dozens of international brokers, but Pocket Option trading seems to be the most reliable and functional broker.
This broker is also pretty well-known in Asia and Europe, and it’s no wonder: it’s known to be pretty secure and regulated by IFMRRC, a reputable financial organization.
The broker allows you to trade currency pairs, some crypto, and various OTC securities.
The minimum deposit is just $5, and that’s great news for novice traders: this way, you can check out the platform without investing too much money.
The trading conditions are average, but the fees seem to be among the lowest on the market.
Pocket Option should be considered among the best Forex brokers for beginners: it allows you to start small, cheap, and versatile, and you can use the platform to learn how to trade derivatives.
There are several available account types with different deposit requirements and conditions.
They’re designed to allow every trader to find a suitable account option. Moreover, demo accounts allow you to test strategies or practice without taking on any risk.
Other features
Pocket Option also allows you to participate in a copy trading program that can be extremely useful in securing passive income.
There are many additional bonuses and contests for users, which can benefit novice traders.
The broker also helps you learn about binary options by providing a special educational program, but there’s no section on Forex trading.
Awesome one; I hope this article answers your question.
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