Best Forex Brokers for Beginners 2022

If you’re a new investor looking for a brokerage with a strong trading platform, you may want to try out IGMX as a best forex brokers for beginners offers extensive content libraries, research tools, and demo accounts to help you learn more about the market.

Also have simple and intuitive design features that will make your trading experience a pleasant one. Incorporated and trading since 2015, IMGFX is on a mission to decentralize the Forex and CFD trading and become the World’s Best Trading Broker of Choice!

XTB offers trading on 48 currency pairs with spreads as low as 0.1 pips

XTB is a regulated broker with the FCA and Polish Financial Supervision Authority. It also offers negative balance protection. In addition, it offers trading on over 48 currency pairs including EUR/USD, with spreads starting at 0.9 pips on standard accounts and 0 pips on pro accounts. Besides forex, XTB also offers trading on more than 1,500 global stock CFDs and over 20 major commodities.

Withdrawals are also straightforward. XTB accepts payments through bank transfers in USD. The only caveat is that the account must be held in the full name of the account holder. Other options for payment include credit card transactions, including Visa, MasterCard, and Maestro. The company also does not charge any extra fee for credit card transactions.

XTB’s knowledge base has a wide range of useful resources and tools for traders. Among them are live webinars with industry experts. The knowledge base contains articles related to fundamental analysis, forex, and CFD trading. Additionally, a comprehensive trading glossary is also available.

Interactive Brokers offers competitive fees

Interactive Brokers is known for its low fees and two types of accounts: Lite and Pro. Both offer zero commissions on publicly traded stocks and no account minimums. They also offer tiered pricing for traders with varying volumes. Depending on your preferences, you can choose the one that best suits your needs.

As a bonus, Interactive Brokers has no physical branches and a dedicated customer service team. The company offers a competitive fee structure for both beginners and advanced traders. Traders can choose from a variety of account types, including retail investor accounts, portfolio margin accounts, high-leverage trading accounts, and free trades.

If you’re a beginner looking to enter the forex market, Interactive Brokers is a great choice. Interactive Brokers offers a free Lite tier for new investors, so you can try out the platform without paying any commissions. Alternatively, you can upgrade to the Pro tier for more advanced trading and low-margin trading.

TD Ameritrade provides exceptional customer service

TD Ameritrade offers exceptional customer service to its clients. They provide support by email, telephone, in-person branch visits and social media.

They have over 175 locations, so you can likely get in-person assistance within a short drive. They also offer a wide range of trading tools and extensive resources to help their customers.

TD Ameritrade has an industry-leading education program. It also offers a desktop-based platform that includes a virtual trading account with $100,000 practice money. It also offers a mobile app for everyday investors.

It also has an exceptional trading platform, thinkorswim, which ranks among the best. Its mobile platforms are easy to navigate, and they feature artificial intelligence and Twitter integration. Their customer service team is available around the clock to answer questions and assist customers.

TD Ameritrade offers a variety of account types, including retirement accounts, custodial accounts for children, and a variety of asset classes. TD Ameritrade offers options trades to clients who have margin. This includes thinkorswim, which offers interactive tools for options trading.