Best Forex Brokers for Beginners in 2026
By Adrian Rochester Updated October 2026 · 10 brokers ranked
Not financial advice. Our rankings and reviews are for general information only and are not a recommendation to open an account or to trade. Forex and CFDs are high-risk; consider independent advice and whether you can afford to lose your money.
Brokers that suit people new to forex: a tier-1 regulator, a low minimum deposit and strong education to learn from.
- Education score
- 4.8 / 5
- Min deposit
- £0
- Regulators
- 6 incl. tier-1
- No account, platform or inactivity fees
- Decades-long history, parent listed on the LSE
69% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- Education score
- 4.3 / 5
- Min deposit
- £0
- Regulators
- 6 incl. tier-1
- Near-interbank forex pricing with low commission
- Access to 170 market centres worldwide
57.9% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- Education score
- 4.4 / 5
- Min deposit
- £0
- Regulators
- 5 incl. tier-1
- Advanced charting with pattern recognition
- 21,000+ instruments including ~300 FX pairs
68% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- Education score
- 4.2 / 5
- Min deposit
- £0
- Regulators
- 7 incl. tier-1
- Razor account: raw spreads plus low fixed commission
- Five platforms including TradingView and cTrader
72.9% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- Education score
- 4.7 / 5
- Min deposit
- £0
- Regulators
- 4 incl. tier-1
- Award-winning xStation platform
- Strong education library
74% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- Education score
- 4.4 / 5
- Min deposit
- £0
- Regulators
- 5 incl. tier-1
- Superb in-house platforms
- Enormous multi-asset product range
60% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- Education score
- 4.4 / 5
- Min deposit
- £0
- Regulators
- 5 incl. tier-1
- No minimum deposit or withdrawal fees
- Spread betting and CFDs on MT4, MT5 and TradingView
76.6% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- Education score
- 4.3 / 5
- Min deposit
- £0
- Regulators
- 4 incl. tier-1
- FCA-regulated since 2010, with FSCS membership and negative balance protection
- Wide platform choice: MT4, MT5, cTrader, TradingView and its own FxPro platform
79% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- Education score
- 4.3 / 5
- Min deposit
- £100
- Regulators
- 5 incl. tier-1
- 80+ currency pairs
- Part of publicly listed StoneX group
74% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
- Education score
- 4.1 / 5
- Min deposit
- £0
- Regulators
- 4 incl. tier-1
- No required minimum deposit; free card, PayPal and bank deposits
- Raw-spread Pro account
66.36% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.
How we make money: some links on this page are affiliate links. If you open an account through them we may earn a commission, at no extra cost to you. This never affects our ratings, which follow our published methodology.