Brokers for beginners
Brokers for beginners that offer a demo without funding, open education, negative balance protection and a low entry deposit, ranked by overall rating.
On this page
Best brokers
Capital.com
cost-conscious traders who want commission-free CFDs and learning resources- Overall score
- 4.8/5
65% of retail CFD accounts lose money.
Plus500
beginners who want an unlimited demo account and a user-friendly platform- Overall score
- 4.4/5
81% of retail CFD accounts lose money.
ActivTrades
traders who want low forex spreads and a choice of several platforms- Overall score
- 4.4/5
82% of retail CFD accounts lose money.
Fintana
traders happy with a web platform and 24/7 multilingual support- Overall score
- 4.2/5
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Mirrox
experienced traders who want high leverage and accept a web-only platform- Overall score
- 4.2/5
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
ModMount
traders who accept a proprietary web platform and want fast execution- Overall score
- 4.0/5
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Skadeva
traders who want a web platform with tiered accounts and multilingual support- Overall score
- 4.0/5
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spova
traders who prefer a browser-based platform and do not need MetaTrader 5- Overall score
- 4.0/5
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Mitrade
beginners who want low spreads, zero commissions and a modern platform- Overall score
- 3.7/5
70% of retail CFD accounts lose money.
Capex.com
beginners who want a large stock CFD range and free trading tools- Overall score
- 3.5/5
69.6% of retail CFD accounts lose money.
Capitalix
traders who accept a proprietary platform and want free deposits and withdrawals- Overall score
- 3.1/5
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Markets.com
beginners who want free webinars, learning materials and trading tools- Overall score
- 3.1/5
81.3% of retail CFD accounts lose money.
Admirals
traders who want low spreads and fast order execution- Overall score
- 2.3/5
77% of retail CFD accounts lose money.
Brokers for beginners
- Capital.com4.8/5
- XTB4.5/5
- Plus5004.4/5
- ActivTrades4.4/5
- IG4.3/5
Compare brokers
| Broker |  Capital.com |  XTB |  Plus500 |  ActivTrades |  IG |
|---|---|---|---|---|---|
| Rating | 4.8/5 | 4.5/5 | 4.4/5 | 4.4/5 | 4.3/5 |
| Min. deposit | $20 | $0 | $100 | $0 | $0 |
| Regulation | CySEC, FCA, ASIC, SCA, SCB | FCA, KNF, CySEC, IFSC | FCA, CySEC, FSA, EFSA, MAS, DFSA, ASIC, FMA, FSCA | FCA, SCB, BACEN, CVM, CMVM, FSC, CONSOB | FCA, BaFin, FINMA, ASIC, MAS, FSCA, JFSA |
| Markets | Bonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Shares | Bonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Shares | Agriculture, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Share CFDs | Bonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Shares | Forex, Indices, Stocks, Commodities, Cryptocurrencies, ETFs, Bonds, Metals, Energy |
| Platforms | MetaTrader 4, MetaTrader 5, TradingView, WebTrader, Web platform, Proprietary platform | Web-based platforms, xStation 5, Web platform, Proprietary platform | Mobile apps, WebTrader, Web platform, Proprietary platform | ActivTrader, MetaTrader 4, MetaTrader 5, TradingView, Web platform, Proprietary platform | MetaTrader 4, MetaTrader 5, WebTrader, Web platform, Proprietary platform |
| Account types | Standard account, Demo account, Islamic account | Standard account, Demo account, Islamic account, VIP account | Standard account, Demo account, Islamic account, VIP account | Standard account, Demo account, Islamic account, VIP account | Demo account |
| Open an account | Visit Capital.com65% of retail CFD accounts lose money. | Visit XTB77% of retail CFD accounts lose money. | Visit Plus50081% of retail CFD accounts lose money. | Visit ActivTrades82% of retail CFD accounts lose money. | Visit IG74% of retail CFD accounts lose money. |
#1 Capital.com
Recommended for cost-conscious traders who want commission-free CFDs and learning resources
Pricing is spread-only, with no commissions on CFD trades and about 0.6 pips on EUR/USD. Education is a strong point, with a Learn Hub and in-platform tools. Verification checks can be time-consuming, and there is no copy trading.
- Overall score
- 4.8/5
- Min. deposit
- $20
- Regulation
- CySEC, FCA, ASIC, SCA, SCB
- Markets
- Bonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Shares
- Platforms
- MetaTrader 4, MetaTrader 5, TradingView, WebTrader, Web platform, Proprietary platform
- Account types
- Standard account, Demo account, Islamic account
#2 XTB
Recommended for traders who want a large instrument choice and low forex fees
More than 11,000 instruments cover real stocks, ETFs and CFDs, and forex fees are below average. Execution is fast across platforms. MetaTrader 4 and 5 are not supported, and high fixed costs for stocks weigh on small accounts.
- Overall score
- 4.5/5
- Min. deposit
- $0
- Regulation
- FCA, KNF, CySEC, IFSC
- Markets
- Bonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Shares
- Platforms
- Web-based platforms, xStation 5, Web platform, Proprietary platform
- Account types
- Standard account, Demo account, Islamic account, VIP account
#3 Plus500
Recommended for beginners who want an unlimited demo account and a user-friendly platform
A user-friendly interface, an unlimited demo account and a trading academy suit newcomers. There is no basic withdrawal fee, though banks or payment issuers may charge their own. Automated trading, scalping and hedging are not allowed, MetaTrader 4 is not offered, and an inactivity fee applies after three months.
- Overall score
- 4.4/5
- Min. deposit
- $100
- Regulation
- FCA, CySEC, FSA, EFSA, MAS, DFSA, ASIC, FMA, FSCA
- Markets
- Agriculture, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Share CFDs
- Platforms
- Mobile apps, WebTrader, Web platform, Proprietary platform
- Account types
- Standard account, Demo account, Islamic account, VIP account
Capital.com, XTB, Plus500
#4 ActivTrades
Recommended for traders who want low forex spreads and a choice of several platforms
Forex spreads start from 0.5 pips on major pairs, and clients can pick ActivTrader, MetaTrader 4, MetaTrader 5 or TradingView. The instrument range is narrower than at larger brokers. Currency conversion and inactivity fees can add to costs.
- Overall score
- 4.4/5
- Min. deposit
- $0
- Regulation
- FCA, SCB, BACEN, CVM, CMVM, FSC, CONSOB
- Markets
- Bonds, CFDs, Commodities, Cryptocurrencies, ETFs, Forex, Indices, Metals, Shares
- Platforms
- ActivTrader, MetaTrader 4, MetaTrader 5, TradingView, Web platform, Proprietary platform
- Account types
- Standard account, Demo account, Islamic account, VIP account
#5 IG
Recommended for traders who want a broad market choice from a long-established, listed broker
Access to over 17,000 markets comes with forex spreads from 0.6 pips on EUR/USD and no commission on forex CFDs. IG is part of a group listed on the London Stock Exchange. Some traders report platform glitches and slippage in volatile markets, and the lack of multi-currency accounts adds conversion costs.
- Overall score
- 4.3/5
- Min. deposit
- $0
- Regulation
- FCA, BaFin, FINMA, ASIC, MAS, FSCA, JFSA
- Markets
- Forex, Indices, Stocks, Commodities, Cryptocurrencies, ETFs, Bonds, Metals, Energy
- Platforms
- MetaTrader 4, MetaTrader 5, WebTrader, Web platform, Proprietary platform
- Account types
- Demo account
#6 Fintana
Recommended for traders happy with a web platform and 24/7 multilingual support
Support is available 24/7 in 10 languages, and the platform offers over 30 technical indicators. Classic account spreads start from 2.5 pips on EUR/USD, against 0.9 pips on the VIP account. MetaTrader 4 and 5 are not supported, and dormant account fees apply.
- Overall score
- 4.2/5
- Min. deposit
- $250
- Regulation
- FSC
- Markets
- Forex, Cryptocurrencies, Indices, Stocks, Metals, Commodities
- Platforms
- WebTrader, Web platform
- Account types
- Demo account, VIP account