eToro differs from most brokers as it’s a social trading platform that allows traders to view, compare and share trading ideas and strategies with millions of other traders worldwide. This app allows you can trade on the go using 80 indicators, 50 graphical tools and 14 different chart types.Ĭompare Beginner Forex Brokers Visit ThinkMarketsĮstablished in Tel Aviv, Israel, eToro has offices in Cyprus, the UK and Australia. Lastly, ThinkMarkets offer MetaTrader 4, 5 and their own developed platform ThinkTrader, the no.1 mobile trading app in the world. ThinkMarkets trading servers are located near major financial hubs in the UK, NY and HK meaning fast trading execution, which is critical to reducing slippage, especially when using their ThinkZero STP account, which has spreads from 0.0 pips and a commission of $3.50. To give beginner brokers an extra level of security, all ThinkMarkets clients receive negative balance protection. The broker is regulated by ASIC, FCA, FSCA and FSA is an excellent choice for beginner traders as it has low minimum deposits meaning one can commence trading with a small investment and a standard accounts with spreads from 0.4 pip making the broker one of the best value for commission free trading in the industry. ![]() Three highly rated trading platforms for beginnersįounded in 2010, ThinkMarkets has its headquarters in London and Melbourne.Trading server hubs in UK, NY and HK for fast execution.Commission-free Standard Account spreads from 0.4 pips.Negative balance protection included for all clients.This review found ThinkMarkets to be the best broker for beginners because: ![]() A 2023 comparison of the best brokers for those new to forex trading found ThinkMarkets was the best beginner broker.
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