Review of the 10 best trading platforms for beginners (test & comparison)

If you are new to online trading and investment, getting started can be daunting. The market is risky, and there is much to learn in the early stages of trading. For this reason, a good online broker is a great friend at this point. Such a broker will offer a User-friendly and intuitive platform plus various educational content to help you through the early stages.

These type of brokers are many online. We have reviewed various platforms and bring you the ten best beginner-friendly ones. To create this list, we analyzed their trading conditions, educational resources, fees, support services, and user-friendliness. The arxticle also offers tips on choosing a suitable trading platform if you are a beginner. If you wonder what broker to choose to begin online trading, the list below will show you where to start looking.

Review of the 10 best trading platforms for beginners - test & comparison

What is the best trading platform for beginners?

The list of the best trading platforms for beginners includes:

TRADING PLATFORM:
Review & Regulation:
Advantages:
Free account:
1. XTB
XTB Logo
5 out of 5 stars (5 / 5)
Regulated by 10+ authorities
➔ Read the review
# Fully regulated and safe
# Spreads from 0.1 pips
# 3,000+ markets
# Outstanding trading conditions
# Direct market access
Live account from $0
(Risk warning: 72% of retail CFD accounts lose money)
2. Vantage Markets
Vantage Markets logo

5 out of 5 stars (5 / 5)
Regulated by the CIMA & ASIC
➔ Read the review
# Regulated and safe
# Real ECN trading
# Fast order execution
# No hidden fees
# Free bonus available
Live account from $ 200
(Risk warning: Your capital can be at risk)
3. Capital.com
Capital.com embléma
5 out of 5 stars (5 / 5)
Regulated by the FCA (UK), CySEC (CY), ASIC (AU) & FSA (SYC)
➔ Read the review
# Multi-regulated
# Personal support
# Low minimum deposit
# Free demo account
# 6000+ markets
Live account from $ 20
(Risk warning: 87.41% of retail CFD accounts lose money)
4. RoboForex
5 out of 5 stars (5 / 5)
Regulated by the IFSC (Belize)
➔ Read the review
# Leverage up to 1:2000
# Free demo account
# Professional support
# 12,000+ markets
# Bonus program
Live account from $ 10

(Risk warning: Your capital can be at risk)
5. Pepperstone
Pepperstone logo
4.9 out of 5 stars (4.9 / 5)
Regulated by the FCA, ASIC, DSFA & SCB
➔ Read the review
# Award-winning broker
# Excellent client support
# Competitive spreads
# Advanced tools
# Free demo account for 30 days
Live account from $ 200
(Risk warning: 74-89 % of retail investor accounts lose money when trading CFDs)
6. Deriv
Deriv logo
4.9 out of 5 stars (4.9 / 5)
Regulated by the MFSA, FSA, VFS & FSC
➔ Read the review
# Secure and regulated
# Leverage up to 1:1000
# Binary options available
# Supports automated trading
# 100+ assets
Live account from $ 5
(Risk warning: Your capital can be at risk)
7. Etoro
Etoro logo
4.9 out of 5 stars (4.9 / 5)
Regulated by the CySEC, FCA & ASIC
➔ Read the review
# Free demo account
# Professional support
# Social and copy trading
# User-friendly platform
# Regulated and safe company
Live account from $ 200
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
8. Markets.com
Markets.com logo
4.8 out of 5 stars (4.8 / 5)
Regulated by the CySEC, FSCA, ASIC & FCA
➔ Read the review
# Advanced trading tools
# Accepts international traders
# 8200+ markets
# Free demo account
# Enhanced customization capabilities
Live account from $ 250
(Risk warning: Your capital can be at risk)
9. FBS
4.8 out of 5 stars (4.8 / 5)
Regulated by the IFSC & CySEC
➔ Read the review
# Bonus program & events
# Leverage up to 1:3000
# Live account from $1
# 250+ markets available
# Low spreads
Live account from $ 1
(Risk warning: Your capital can be at risk)
10. XM
XM trading logo
4.7 out of 5 stars (4.7 / 5)
Regulated by the IFSC, CySEC, ASIC
➔ Read the review
# 1000+ assets
# No hidden fees
# Professional support
# 3 account types
# Regulated and safe
Live account from $ 5
(Risk warning: 75.59% of retail CFD accounts lose)

1. XTB

XTB-official-website
XTB official website

X-Trade Broker, commonly called XTB, is a Belize-based online broker established in 2002. The brokerage is very popular among Europeans and North and South American traders. They have global offices in the United Kingdom, Poland, and Spain. XTB is authorized by the National Financial Supervision Commission and licensed by Belize’s IFSC (International Financial Service Commission).

On XTB platforms include X-station 5 and MeteTrader 4. Through these, beginners can access a wide range of markets, including equity CFDs, forex, indices, cryptocurrencies, commodities, and ETFs. The broker does not impose a minimum deposit for non-EU traders and allows trading from $1. In addition, the broker offers quality educational tools and resources, including a large selection of written and visual content. XTB’s competitive trading fees on an easy-to-use platform put among the top 10 trading platforms. 

XTB Logo

Pros:

  • The broker is publicly traded and the regulation of XTB is great.
  • Account setup is easy with the extremely low initial minimum deposit on XTB.
  • Trading academy offers over 200+ lessons, written and video resources. 
  • Trading platforms supported – X Station 5 and MetaTrader 4 are available on mobile and desktop.
  • Rich platform features.
  • Traders in the UK enjoy zero commissions on shares CFD trading.

Cons:

  • Traders in Poland, the UK, and Cyprus can no longer access MetaTrader 4 unless they request it specially.
  • EU Traders can only access cash equities through XTB Poland.

(Risk warning: 72% of retail CFD accounts lose money)

2. Vantage Markets

The official website of Vantage Markets
Vantage Markets official website

Vantage Markets is an Australia-based global broker established in 2009. The brokerage is owned and operated by Vantage Int’l Group Limited in Australia and has over 30 global offices. Vantage operates with licenses from globally recognized financial bodies, including ASIC, CIMA, VFSC, and CySEC. 

New traders can access a range of popular assets on Vantage, including forex, stocks, cryptocurrencies, precious metals, and energies. The minimum deposit to trade on Vantage is $50. TradingView is a social trading platform integrated into Vantage’s MetaTrader 4 and 5. Newcomers can join a community of existing and experienced traders to learn from them and develop their skills. Over 130+ educational videos are provided on Trading Central. Platform tutorials are also available on Vantage educational section, which beginners can access easily. 

Vantage Markets logo

Pros:

  • Smart-Trader and multiple social trading services are fully embedded in the platforms
  • Holds the 2022 award for the Best Copy trading broker and Best MetaTrader broker
  • Smart-trader add-ons and multiple social trading platforms are embedded. 
  • Licensed and Well-regulated in several jurisdictions 

Cons:

  • No cent account
  • Relatively high trading fees on stock CFDs

(Risk warning: Your capital can be at risk)

3. Capital.com

Capital.com official website
Capital.com official website

Capital.com is a Cyprus-based forex and CFD broker established in 2016. The brokerage is a brand of Capital Com SV Investment Ltd. Capital.com accepts traders from over 180+ countries and has global offices in the UK, Gibraltar, Seychelles, and Australia. The broker operates with licenses from CySEC, FCA, ASIC, and FSA. With a minimum deposit on Capital.com of $20, traders can access over 6000+ market instruments. Traders can choose between the MetaTrader  4, Capital.com app, or TradingView. Beginners benefit from all the social trading features on TradingView. 

Capital.com is among the best trading platforms for beginners because of its user-friendly platforms, competitive fees, and low minimum deposit. Moreover, beginners can benefit from its dedicated education app called Investmate. 

Capital.com logo

Pros:

  • Zero commission and no hidden charges. Overall, there are low fees and spreads on Capital.com
  • Low minimum deposit for an easy start.
  • There is a free demo account on Capital.com that does not expire.
  • Well-regulated broker.
  • Supports mobile trading.
  • Platforms offered – MT4, Capital.com app, and TradingView.
  • High grade research content.
  • Top quality educational resources.
  • 24-7 customer service in 24 languages.

Cons:

  • Does not offer MetaTrader 5
  • Does not accept traders from the US

(Risk warning: 87.41% of retail CFD accounts lose money)

4. RoboForex

The official website of the Forex Broker RoboForex
RoboForex official website

RoboForex is a Belize-based online CFD broker with over 5 million+ customers in over 168+ countries. The broker has global offices in New Zealand, the United Kingdom, Cyprus, and other parts of Asia and Europe. RoboForex holds licenses from Belize’s IFSC. The company is also a member of Hong Kong’s Financial Service Commission. They hold the 2022 Most Trusted Broker and the Most Transparent Broker awards.

With a minimum deposit of $10, anyone can signup to use RoboForex’s different platforms. Traders have several options of platforms to trade with, including MT4, MT5, cTrader, and R Trader. The broker offers a large selection of financial products, including the popular markets that beginners can start with. Forex, commodities, stocks, ETFs, indices, and cryptocurrencies can all be traded on the MetaTraders. The broker’s in-house platform is as beginner-friendly as the MetaTraders. RoboForex is popular for its low fees, good trading conditions, and bonus programs.

The official logo of RoboForex

Pros:

Cons:

  • Comparably limited forex selections
  • No crypto trading on the R Trader

(Risk warning: Trading involves risks)

5. Pepperstone

The official website of Pepperstone
Pepperstone official website

Pepperstone is an international Australia-based forex and CFD broker founded in 2010. The company accepts customers worldwide (except in restricted regions) with physical offices in Dubai, the Bahamas, Cyprus, Germany, Kenya, and the United Kingdom. Pepperstone is well-regulated, operating with licenses from several top-tier bodies, including FCA, ASIC, CySEC, BaFIN, CMA, DFSA, and SCB.

Pepperstone does not impose a minimum deposit and allows trading from $1. Neophytes can use the MT4, MT5, or cTrader to access various popular markets on its platforms. Products such as forex, equities, indices, commodities, cryptocurrencies, and energies are all offered on these platforms. The full MetaTrader suites and the cTrader, alongside DupliTrade and MyFxBook, are all provided. Pepperstone is well-known as a trusted ECN broker with competitive fees and excellent trading conditions.

Pepperstone logo

Pros:

  • Competitive fees on Pepperstone
  • Large selection of tradeable products
  • Trading platforms are compatible with mobile
  • Platforms supported – cTrader, MetaTrader 4, and MetaTrader 5.
  • Easy Pepperstone deposit and Pepperstone withdrawal with zero fees
  • Beginners can access multiple social trading apps.
  • Rich research and market analysis. 
  • Excellent support service

Cons:

(Risk warning: 74-89 % of retail investor accounts lose money when trading CFDs)

6. Deriv

The official website of Deriv
Deriv official website

Deriv is a well-known online broker Headquartered in Malta and founded in 1999. The company has over 2.5 million+ customers globally and boasts over 114 million+ traders per month. Deriv operates 15 global offices across Asia, the Middle East, Africa, Europe, Latin America, and the Caribbean. The company holds licenses from several top financial bodies, including Malta Financial Service Authority MFSA, Vanuatu Financial Service Commission VFSA, and Labuan Financial Service Authority LFSA. They are also regulated by the British Virgin Island Financial Service Commission. 

A $5 account minimum is required to trade on Deriv’s DTrader, MT5, or DBot. These platforms provides access to trade CFDs on forex, indices, stocks, synthetic indices, commodities, cryptocurrencies, and derived. Trading services are provided on the popular, easy-to-use MetaTraders and the proprietary platforms. Copy trading services are available on the WebTrader. Deriv’s low trading costs and rich educational tools make them a great option for beginners. 

Deriv logo

Pros:

  • Large selection of tradeable products
  • Offices and regulations in several jurisdictions
  • Trading platforms provided – DTrader, Dbot, and MetaTrader 5.
  • Wide range of payment methods for convenient Deriv deposits and Deriv withdrawals
  • 24-7 customer support

Cons:

  • Comparably limited beginners’ education content
  • Traders from the US, Canada, Israel, and other popular economic hubs are not accepted.

(Risk warning: Trading involves risks)

7. Etoro

EToro official website
EToro official website

Etoro is a social investing platform that allows inexperienced traders to copy trades and strategies from professionals. The company is based in Tel Aviv, Israel, and was founded in 2007. Newcomers have access to a selection of trading instruments, including cryptocurrencies, forex, ETFs, stock CFDs, and precious metals. Etoro is regulated in the US by the Securities and Exchange Commission SEC and the Financial Industry Regulatory Industry. They are also licensed in the United Kingdom and Europe by the FCA and CySEC. 

Etoro’s initial account minimum is $10, with which you can trade any product on its platform. New traders and those with little trading knowledge can choose a popular investor to copy their trades. Beginners gain exposure to effective strategies and can develop their skills in the process. Etoro is especially popular among beginners who are too busy to learn about trading before entering the market.

Etoro logo

Pros:

  • Zero commission fees on Etoro for stocks and ETF trading
  • Etoro online trading platform and app are accessible on mobile and desktop.
  • One of the best social trading platforms
  • Beginner-friendly platform
  • No eToro fees on copy trading.

Cons:

  • Etoro Withdrawal fee applies on the broker’s side
  • Relatively limited product range
  • Traders in the US can only access cryptocurrency trading

79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

8. Markets.com

Markets.com official website
Markets.com official website

Markets.com is a Florida-based electronic trading platform launched in 2008. The global brand is owned and operated by Markets Limited, a child company of Playtech Plc. They are publicly listed on London Stock Exchange and are part of FTSE 250, a popular global index. Markets.com hold licenses from top bodies, such as FCA, ASIC, CySEC, FSCA, and British Virgin Island FSC.

Traders can use the MarketX or MetaTrader platforms to access 57 forex pairs and over 2100+ CFDs, including stocks, indices, ETFs, commodities, and bonds. Traders need to fund a $100 minimum deposit on Markets.com to use the platforms. The broker is a trusted name in the industry and offers top quality trading tutorials in its educational content. They are among the top choice for beginners because of this and the platforms’ user-friendliness and tools.

Markets.com logo

Pros:

  • Licensed by top regulatory authorities, including FCA, ASIC, and CySEC. 
  • Trading platforms offered – MarketX, MT4, and MT5. 
  • Great customer service
  • Rich educational resources for beginners
  • Fee-free Markets.com withdrawals and deposits

Cons:

  • Higher minimum deposit
  • Markers.com proprietary platform is too technical for beginners

(Risk warning: Trading involves risks)

9. FBS

FBS official website
FBS official website

FBS is a global online forex broker based in Belize and was established in 2009. The company is present in over 150+ countries, with more than 23 million+ traders on its platforms. The broker holds licenses in multiple jurisdictions, which cover its global clients. Traders from the EU and UK trade under the protection and supervision of FBS CySEC license. Australians trade under ASIC license, and other global clients are protected by IFSC and FSCA regulations.

The broker accepts a minimum FBS deposit of $1 for its micro/cent account. The ideal account for beginners to develop their knowledge and skill in a less risky trading environment. On the MetaTrader 4 and 5, customers can trade financial instruments like stocks, indices, forex, and commodities. The platforms’ unlimited free FBS demo account, the cent account that allows trading small contracts, and the competitive fees make FBS an excellent option for beginners.

FBS-Logo

Pros:

  • 24-7 multiple language customer support
  • Supports MT4 and MT5 on mobile, web, and desktop.
  • Low forex trading fees
  • Holds licenses from top regulatory authorities 
  • Offers negative balance protection 
  • Easy and fast withdrawals on FBS

Cons:

  • Limited product range compared to other brokers
  • Fees apply for deposits and withdrawals

(Risk warning: Trading involves risks)

10. XM

XM trading official website
XM official website

The forex broker XM is a Belize-based forex and CFD broker that started operations in 2009. It welcomes traders from over 190+ countries and currently has over 5 million+ active accounts. The company has global offices in New Zealand, Cyprus, Australia, and Spain. Several top-tier financial entities regulate the broker, including CySEC, IFSC, ASIC, and FSCA.

The platform accepts a minimum XTB deposit of $5, allowing beginners easy entry into the financial markets. Various instruments are available to trade on the MT4 and MT5, including stock indices, forex, precious metals, energies, and cryptocurrencies. The wide product ranges, comprehensive educational content, and competitive fees make the platform among the greatest choices for beginners. 

XM trading logo

Pros:

  • Wide selection of tradeable financial market products
  • Rich and comprehensive educational resources, including daily podcasts.
  • Platforms supported – MT4 and MT5, available on web, app, and mobile.
  • Complete MetaTrader suites, which include free Autochartist
  • 24-5 customer support in 30 languages

Cons:

  • Forex and indices fees on the standard account could be lower.

(Risk warning: 75.59% of retail CFD accounts lose)

Trading platform – Basic terms and facts for beginners

Terms and facts of trading platforms for beginners

As a beginner, knowing some basic terms and facts about trading online is essential. Assets, such as currency pairs, have glossaries and facts about them. If you don’t understand the terms used in the market, it is easy to get confused while trading. It can also lead to mistakes in your trading decisions. Trading requires staying informed so that you can properly analyze the market and make profitable decisions. If you lack knowledge of important market terms, it won’t be easy to follow the news or understand financial information that affects your assets. Below, we briefly explain the basic terms and facts a beginner should know in the early stage of trading.

Currency pair

Forex is short for Foreign Exchange. The forex market is the largest and most popular. It is where different currencies are traded. These currencies are paired in twos. A currency pair consists of two currencies. When you trade a forex pair, you buy one of the currencies in the pair and sell the other. For example, EURUSD is a currency pair representing the euro (EUR) and the United States dollar (USD). If you trade this, you buy one and sell the other currency.

Buy-Sell

In some platforms, it appears as ASK/BID. Every instrument on any trading platform comes with two prices. The Buy/Ask price is the price you pay the broker for the instrument. The Sell/Bid is the price you sell to the counter party of your trade. The difference between both prices is the broker’s profit for that trade. Besides the price, the Buy-Sell buttons are essential to your trading. They let you choose the position you wish to take in a trade. In CFD trading, if you click the Buy button, you’re going Long. That means you expect the price of the asset to rise. If it rises, you profit from the trade. If you click the sell button, you expect the price to drop. If it drops as foreseen, you earn profit. For example, you click Buy on GBPUSD. In this trade, you expect the British pound to increase in value against the USD. If you click Sell, you expect the USD to gain strength over the pound.

Spread

As explained, the broker displays two prices on its trading platforms for all instruments. The difference between the two prices is the broker’s profit or fee for the trade. It is called the spread and is measured in pips.

Pip

Pip stands for Percentage in Point. It represents the smallest unit price movement in an asset. For example, if the price of EURJPY moves from 143.480 to 143.482, the exchange rate has moved up by .002 pips. Other currency pairs use four decimal points, such as USDCAD. For this forex pair, if a rate moves from 1.3675 to 1.3670. The price has dropped by .0005 pips.

Beginner trader practicing his skills with an online broker

Bullish market

If you hear economists mention that a market is bullish, they mean there are more Buying activities than Selling. Demand for the asset is high, and as a result, the price of the asset keeps climbing. 

Bearish market

A bear market is the opposite of a bull. It means there are more Selling activities than Buying. Supply outweighs demand. Therefore, prices are falling or will soon start falling.

Go Long/Short

As hinted above, to go long means to take a Buy position. When you believe an asset’s price will rise, you go long on the asset. On the other hand, to go short means to enter a Sell trade. You do this when you expect the asset’s price to drop. 

Leverage

Leverage refers to loan money from a broker. When brokers offer you leverage, they borrow extra funds to trade with. With this, you can trade larger contract sizes and keep all the profits after the broker takes back their funds. An example of leverage is 1:30 or 1:100. Some brokers offer much more, up to 1:1000. Many low minimum deposit trading accounts have to use leverage because the funds are too small to trade with. Brokers charge interest on this loan if you hold the trade longer than one business day.

Technical and fundamental analysis

Technical analysis refers to using technical tools in trading platforms to find trading opportunities. Platforms usually come with various tools, including indicators, drawing tools, charts, etc. These are all tools for technical analysis. It takes time to master them. Luckily, there is a lot of information on the Internet about these tools and trading strategies. 

On the other hand, the fundamental analysis uses economic information to find trading opportunities. In this case, traders focus on the economy or external elements of the asset. Forex fundamentals include the countries’ inflation rate, unemployment, political condition, trade surplus or deficit, and so forth. Fundamental analysis for stocks involves the company’s overall financial health and consumer rating.

What to consider as a trading beginner when choosing a trading platform?

What to consider as a trading beginner when choosing a trading platform?

Profitable online trading hugely depends on using a broker whose profile fits your goals and trading style. As a new trader, the platform you choose can either represent an exciting, profitable venture or a source of discouragement. Trading the market is risky, and there’s no sure way to guarantee profits. But there are ways to increase your chances of success in the market. 

A conducive trading environment, with excellent trading conditions, raises one’s potential for gains. For this reason, new traders should consider certain features and ensure their preferred broker offers them. Here are the features of a good trading platform for beginners:

  • Rich asset selections
  • Easy and accessible payment methods
  • Supports different currencies
  • Competitive trading costs
  • User-friendliness 
  • Platforms rich in useful features
  • Secured and regulated trading platforms
Forex chart analysis on a tablet

Available assets, payment methods, and supported currencies

New traders should first determine what assets and markets they’d like to venture into. Then ensure the products are available on their preferred platforms. For this reason, most traders choose platforms with a wide selection of market instruments. Such platforms usually have the most liquid and popular products.

Payment methods and supported currencies 

Payment methods are the services through which you deposit and withdraw funds from the trading account. Before signing up, new traders should check with a trading platform’s payment services. Ensure the platform offers simple payment systems accessible in your jurisdiction. Visa and Mastercard are global payment services. But some brokers only provide them in certain regions. 

Bank transfers and e-wallets are also common. It helps to ensure the e-wallets are easily accessible where you are. If the platform does not support your local currency, learn about the conversion rates and available account currencies. 

Costs and fees

Trading costs are one of the most important factors to consider. You want to keep most of your profits instead of spending all of it on costs and fees. Most brokers charge spread, as explained above. The difference between the buy and sell price. Some brokers charge higher than others. You want a broker whose spreads are, at most, the industry average. 

Also, watch out for commissions. Some brokers charge a fixed commission fee instead of variable spreads. The average commission is $6 per 100000 units. An account with a fixed commission usually has very low spreads, starting from 0.0 pip.

Beginner trader analyzing a chart of an online broker

Features and Quality

Platform features can include the trading tools that are embedded in the platform. These come in the form of indicators, trade signals, educational resources, research content, market news, etc. These features improve the trader’s knowledge and help them make profitable decisions. 

Trade execution speed is an important feature to look for. If your trades are not executed on time, prices change constantly, and this could lead to frequent requotes or slippage. Ensure the platform comes with important orders like the stop limit and market limit. Check that customer service is easily reachable through several channels.

Ease of use

An ideal platform for beginners should be easy to use. All the important tabs and buttons should be easily viewable. 

Safety and Security

The best trading platforms come with end-to-end encryption to safeguard users’ data. Platform safety is mandatory for any licensed broker. Therefore, ensure the broker is well-regulated before using its platforms to trade online.

Legal considerations 

It is very important to confirm that online CFD trading is legal where you are. There are laws against some form of online trading or market instruments in different countries. For example, cryptocurrency trading is banned in some places. Binary options trading is not allowed in other places. 

Forex and stocks are popular markets and legal in most countries. But it’s safer to know the laws surrounding online CFD trading before starting. Check all the legal requirements for venturing into the business, if any. 

The tax applies to trading profits in most countries. If trading is legal where you are, it is worth checking the taxation requirements. You also want to confirm that the platform is permitted in your country. Some countries have to authorize a broker before citizens can trade with them. For example, Traders in the US and Canada can only use licensed brokers within their countries. The laws are different everywhere. Online trading is not regulated in some regions. But it helps to be sure.

How to open an account on your favored trading platform

Account opening with a broker explained

All brokers have a website. Customers can only open accounts through these websites. So once you find the platform you wish to use, visit the broker’s official website. There will be a bold Open account tab on the top or center of all site pages. 

Click on the tab and follow the instructions. Prepare to provide personal information, such as full name (the same on your bank account), address, phone, and email. You will also and required to verify your identity by uploading a valid ID and proof of address. 

Which trading platform is best for beginners?

In a nutshell, the best platform for beginners is one that excels in the following features:

  • Easy to use
  • Rich in educational resources
  • Offers free demo for testing
  • Low trading fees
  • Low minimum deposit
  • Simple and accessible payment methods
  • Good customer support

The ten brokers listed in the article have these features, though some do better than others.

Conclusion: What is the best trading platform for a beginner?

XTB Logo

Based on analysis and tests on these and several other platforms, XTB is the best for beginners. The platform offers a rich variety of educational resources that greatly benefits new and inexperienced traders. These come in an app, video tutorials, articles, and training courses. Its free demo does not expire, allowing traders to continually practice and test while trading. Trading costs are competitive and include only spreads on products. There are no commission fees, no deposit/withdrawal, or inactivity fees. 

(Risk warning: 72% of retail CFD accounts lose money)

Frequently asked questions about the best beginner-friendly platforms:

What is the safest trading platform for beginners?

The safest trading platform is RoboForex because of the micro account offered. Beginners can use such accounts to migrate from a demo safely. Trading small contracts is less risky and is a way to develop one’s skills and market knowledge while gaining real experience. 

What is the easiest trading platform for beginners?

The easiest trading platform for beginners comes with a low minimum deposit and includes RoboForex FBS and Capital.com. The cent account offering is good for easily starting online trading in a less risky environment. These platforms also provide an easy and quick account-opening process 

What is the best stock trading platform for beginners?

The best stock trading platform for beginners is Capital.com. The platform offers commission-free stock trading with a low minimum deposit. Traders can use the free demo to practice before signing up. Rich educational content also allows learning and practice while trading. The customer support is excellent. 

What is the most profitable trading platform?

The most profitable trading platform is Capital.com because of the low fees and fast execution. The spreads are within the competitive ranges, and there are no hidden fees. Traders keep the better part of their trading profits while using the platforms. Popular and profitable trading instruments are all provided.

What is the most popular online trading platform?

The most popular online platforms are RoboForex, Capital.com, and Vantage Markets. These platforms offer different account types for all levels of traders. Their fees are competitive, and traders find it easy to join because of the low minimum deposit.