Forex (Foreign Exchange Market) trading is one of the most popular terms in money making field. This is also know as online currency trading, cfd trading and FX trading. Spreading of internet using now we can easily buy and sell currencies with the click of a mouse through online brokerage accounts. There are lots of online forex trading platform or brokers available in internet. We can trade our currency by creating a account on those brokers websites.
But, when we take online fx trading as our business or income source then we need to do some research for finding the best forex trading platforms. This is not so easy to make decision about forex trading platforms for beginners. So, few days ago I have done deep research for finding best forex trading platforms for beginners. Here I am going to share the top 10 best forex trading platforms or online currency trading brokers or cfd trading platforms for beginners.
Forex.com should be the first choice for beginners who wants to start forex trading for first time. It is a award winning online forex trading platforms with quality executions, tight spreads, powerful trading tools & 24-hour live support. It can be the well-rounded solution with great combination of powerful tools, research, and pricing targeted at the forex market. Forex.com have mobile apps for iPad, iPhone, and Android. Minimum deposit of Forex.com is $500. You can use Visa, Mastercard, Paypal, Skrill and Neteller to deposit or withdraw money.
AvaTrade is also award winning online currency trading platform. It is also known as AvaFX. It was established in 2006. AvaTrade is a safe trading environment with great reputation. As a well-established online broker, they give traders access to a free demo account, AvaTrader platform, Signal Trader and mobile apps. AvaTrade have mobile apps for iPad, iPhone, and Android. Minimum deposit of AvaTrade is $100. You can use Visa, Mastercard, Paypal, Skrill and Neteller to deposit or withdraw money.
Forex Capital Markets called FXCM was founded in 1991. FXCM was a early pioneer of online currency trading or forex trading. FXCM is listed in America’s Fastest Growing Companies list by Inc. FXCM has several types of accounts for experienced traders and who are new to the FOREX market. FXCM also offers two demo accounts, which are available for 30 days. FXCM environment is very user friendly and user can customize by their preferences. FXCM have mobile apps for iPad, iPhone, and Android. Minimum deposit of FXCM standard account is $50 and $20000 for premium account. You can use Visa, MasterCard, Discover, and ACH electronic cheque to deposit or withdraw money.
XM is a next-generation forex trading platforms for online currency trading, offering a wide array of progressive features for trading forex, precious metals, stock indices, and energies. XM also known as XEMarkets. XM was founded in 2009 and its growing very fastest for user friendly interface and good support. Both demo and real account supported by XM. It also support islamic account. Most of the payment methods such ascredit cards (VISA, VISA Electron, MasterCard, Switch, Solo) bank wire, Neteller, Moneybookers Skrill, Western Union, MoneyGram, WebMoney, China UnionPay, SOFORT, iDEAL are accepted for deposit and withdraw money.
FXTM formerly Forex Time was founded in 2012, is still considered for a beginners in the online Forex trading. In this few years, FXTM managed a bunch of traders and awards such as “Best Newcomer 2013” and “Fastest Growing Forex Broker.”There are three types of account available in FXTM; Standard account, Cent account and Shares account. Minimum deposit of Standard and Shares account is $100 and $5 for Cent account. You can use wire transfers, credit cards, debit cards, Neteller, Skrill, CashU and other e-wallets to deposit or withdraw money.