Best Forex Brokers for Beginners

Updated on 02/04/2025

Compare the best Forex brokers for beginners in India. We'll also touch on 5 things to look for in a Forex trading account.

Brokers we recommend


4.8 / 5 FP Markets

Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FPMarkets.com is a true ECN broker and accepts all trading styles without restrictions.


4.7 / 5 AvaTrade
76% of retail CFD accounts lose money

AvaTrade.com is an award-winning online broker in business since 2006. Trade CFDs on all asset classes, from Forex to ETFs and bonds. Its service appeals to novice and experienced traders alike.


4.6 / 5 FxPro
74% of retail CFD accounts lose money

FxPro.com is a global broker, winner of 120+ awards including 'Best CFD Broker' in 2025. Trade CFDs on over 2,000 instruments on the MetaTrader 4/5 or cTrader platforms. FxPro accepts all trading styles.


Other brokers:

Comparison table

We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:

OverallMarketsTrading environmentDeposits and withdrawalsInvestor protectionCustomer service
FP Markets 4.8 5.0 4.9 5.0 4.0 5.0
AvaTrade 4.7 5.0 4.2 4.7 4.8 5.0
FxPro 4.6 4.1 4.9 4.6 4.8 4.7
4XC 4.1 3.8 4.4 4.5 3.0 4.7
LiteFinance 3.9 4.0 4.4 4.2 2.0 4.7
Forex (CFD)Cryptos (CFD)*Stocks (CFD)Indices (CFD)Metals (CFD)Energy (CFD)Commodities (CFD)ETFs (CFD)Bonds (CFD)
FP Markets 72121000161745462
AvaTrade 532664335757672
FxPro 763918352912614
4XC 4951122
LiteFinance 576313515535
MT4MT5cTraderCopy tradingTradingView
FP Markets
AvaTrade
FxPro
4XC
LiteFinance
Bank transferCredit cardDebit cardBTC (Bitcoin)NETELLER *Skrill *Broker to broker transferUSDT (Tether)
FP Markets
AvaTrade
FxPro
4XC
LiteFinance
AustraliaBahamasCook IslandsCyprus (EU)IrelandSouth AfricaSt. Vincent & the GrenadinesUAEUK
FP Markets
AvaTrade
FxPro
4XC
LiteFinance

* Availability is subject to local laws and regulations.

Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.



4.8 / 5 FP Markets

Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FPMarkets.com is a true ECN broker and accepts all trading styles without restrictions.

  • Likes
  • Flexible leverage up to 1:500.
  • Trade over 1,000 financial instruments.
  • Trade on MT4/5, cTrader or TradingView without restrictions.
  • Copy trading service is available.
  • Customer support is available 24/7.
  • Dislikes
  • No investor compensation fund in the event of bankruptcy.
Our take on FP Markets

Enjoy low spreads and reliable trading conditions at all times with this award-winning broker. Open a Standard account to trade without commission, or a Raw account if you prefer to trade on raw spreads.

Access over 1,000 markets through MT4, MT5, cTrader and more recently TradingView. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros, Aussie dollars and other currencies. You can also go long or short on stocks and government bonds through over 40 ETFs.

Its free educational content also sets it apart from the competition. Get access to trading signals from Trading Signal and Autochartist as soon as you fund your account. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.

Read review

4.7 / 5 AvaTrade
76% of retail CFD accounts lose money

AvaTrade.com is an award-winning online broker in business since 2006. Trade CFDs on all asset classes, from Forex to ETFs and bonds. Its service appeals to novice and experienced traders alike.

  • Likes
  • CFDs on 845 instruments, as well as futures and options.
  • Wide selection of trading platforms, including copy trading.
  • One-on-one assistance when you deposit US$1,000 or more.
  • Daily trading signals from Trading Central.
  • No fees on deposits or withdrawals.
  • Dislikes
  • Quarterly and annual inactivity fees are $50 and $100 respectively.
  • Its 'one size fits all' trading account may not appeal to professional traders.
Our take on AvaTrade

The breadth of assets available to trade through its platform sets this broker apart from the competition. You'll find 845 instruments, including currencies, stocks, indices, ETFs (and leveraged ETFs), precious metals, commodities, cryptocurrencies, and government bonds.

With AvaTrade, the MT4 and MT5 platforms are available for Windows and iOS devices. Its web trading platform is sleek, with advanced charting tools. Spreads are competitive and fixed, which can provide a more predictable trading environment, well-suited for beginners.

Customer service is excellent. Every time a question has arisen, we've been able to speak to a customer support agent easily through a local telephone number. Our queries were resolved within minutes. Support is available five days a week through various channels, including WhatsApp.

Read review

4.6 / 5 FxPro
74% of retail CFD accounts lose money

FxPro.com is a global broker, winner of 120+ awards including 'Best CFD Broker' in 2025. Trade CFDs on over 2,000 instruments on the MetaTrader 4/5 or cTrader platforms. FxPro accepts all trading styles.

  • Likes
  • CFDs on 2,000+ instruments.
  • FxPro accepts all trading styles on MT4/5 and cTrader.
  • Trade on fixed or floating spreads, with or without commission.
  • Many deposit methods, including with crypto.
  • Get daily trading signals from Trading Central.
  • Dislikes
  • You cannot trade CFDs on government bonds.
  • Higher spreads on standard accounts than competitors.
Our take on FxPro

If you are new to trading, open a Standard account with no minimum deposit, and floating spreads from 1.2 pips. As you gain experience, open its Raw+ account with spreads from $0 and low commissions for a $500 minimum deposit.

The educational content available on FxPro.com also caught our attention. You'll find learning paths for both beginners and advanced users, in the form of online courses, video tutorials and webinars.

It's hard to find fault with FxPro, a regulated broker with over 26 years of experience, and winner of 120+ awards commending the quality of its service.

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4.1 / 5 4XC
Trading Forex/CFDs on margin carries a high level of risk.

4xc.com is an offshore broker founded in 2018 by traders. Trade Forex, metals, oil and stocks with leverage up to 1:500. It accepts all trading styles and Expert Advisors on MT4/5.

  • Likes
  • Enjoy flexible leverage up to 1:500.
  • Choose between MetaTrader 4 and 5, or copy trading.
  • All trading styles and Expert Advisors are allowed.
  • Fast execution speeds from its London data-centre.
  • Dislikes
  • Fewer CFDs than other brokers.
  • Negative balance protection is only available across Forex and precious metals.
  • This broker is regulated in the Cook Islands, a country without an investor compensation fund.
Our take on 4XC

4xc.com will appeal to you if you enjoy trading Forex, gold or silver on high leverage, up to 1:500. It accepts all trading styles on MT4 and MT5 without restrictions. And unlike some brokers, who'll adjust leverage dynamically, this broker keeps leverage constant at all times.

If you're looking for trade ideas, 4XC will provide daily AI-powered trade ideas once you account's balance reaches $500. Alternatively, why not open a PAMM account or a copy trading account through 4XC if you prefer to follow others.

Customer support is available 6 days a week, and has always been professional in our interactions with them. So it's perhaps no surprise that 4XC has received several awards commending the quality of its customer service.

Read review

3.9 / 5 LiteFinance
83% of retail CFD accounts lose money

Trade CFDs on a wide range of markets on MetaTrader 4 and 5, with leverage up to 1:1,000 through LiteFinance.com. This broker accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your account's balance.

  • Likes
  • All trading strategies are allowed.
  • Get free daily technical and fundamental analysis.
  • Receive up to 2.5% interest on used funds.
  • Copy trading accounts are also available.
  • Dislikes
  • Withdrawals fees are somewhat high, especially card withdrawals.
Our take on LiteFinance

We've trade through LiteFinance's ECN account for over 4 years on raw spreads plus a commission of $5 per lot, per side. We like that it places no restrictions at all on our use of automated trading strategies.

Their customer service team is responsive, even on weekends. Our withdrawals have always been processed as quickly as possible. However, their withdrawal fees are a somewhat high, especially card withdrawals.

LiteFinance publishes a lot of educational content in the form of webinars and articles on its blog, often with a focus on technical analysis. Their commentary could spark new trade ideas. However, you might find yourself lost if you are new to trading.

Read review

How to choose a broker for beginners

If you're new to Forex trading, choosing the right broker may seem daunting. Here are 5 things to look for in a Forex trading account for beginners.

1. Award-winning customer service

If you're new to Forex trading, you’ll need a broker that provides excellent customer service. This means having someone to answer your questions promptly and helpfully, in your mother tongue. To assess the quality and timeliness of your broker's customer service, we suggest contacting their support team prior to opening or funding your account. We like 4xc.com, winner of multiple awards in 2023 and 2022 commending the quality of its customer service(1).

2. User-friendly trading platform

Choose a user-friendly platform with advanced features. This is why all the brokers reviewed in this article support the popular MetaTrader 4 or 5 platforms. This will avoid any form of lock-in, and also make it easier for you to learn from their large communities of users. Both platforms support a rich ecosystem of apps. You'll also find more trading robots and indicators available for purchase from the MetaTrader Marketplace(2).

3. Low fixed spreads

Spreads are the difference between the buy price and the sell price of a currency pair. Low spreads mean that you will pay less in commissions when you trade. Spreads can either be fixed at all times, or float based on market conditions. We suggest trading through a broker that offers low fixed spreads, as this will make it easier for you to estimate each trade's profitability.

4. Learning material

As a beginner, you'll be keen to understand the basics of Forex trading and develop your trading skills. Take a look at the range of educational content available through FP Markets, that includes free online trading courses, ebooks and even weekly webinars. It's perhaps no surprise that FP Markets won the award for Best Education Material twice from Investment Trends Report(3). Some brokers will even give you the opportunity to ask professional traders questions in Q&A sessions.

5. Track record of success

Last but not least, choose a broker with a track record of success. Your chosen broker should have been in business for many years, and built a reputation among traders. This is why TrustedBrokers only partners with licensed brokers who've stood the test of time. However, we’d always encourage you to always do your own research before funding your trading account.

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Author

About the author

I'm Stefan, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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