Top 10 Regulated Forex Brokers for Beginners in 2021
Forex trading has become an increasingly popular investment option for individuals looking to diversify their portfolio and potentially generate substantial profits. However, navigating the forex market can be a challenging task, especially for beginners. One way to ensure a seamless trading experience is by choosing a regulated forex broker.
Regulated forex brokers are licensed and overseen by regulatory authorities, which ensures that they adhere to strict guidelines and maintain transparency in their operations. This provides traders with a level of security and protection against fraudulent activities. In this article, we will discuss the top 10 regulated forex brokers for beginners in 2021.
1. eToro:
eToro is a well-established forex broker that is regulated by multiple authorities, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). With a user-friendly interface and a wide range of educational resources, eToro is an excellent choice for beginners.
2. Plus500:
Regulated by the FCA, Plus500 is a popular forex broker known for its intuitive trading platform and tight spreads. The broker offers a demo account, allowing beginners to practice trading strategies without risking real money.
3. IG:
IG is a globally recognized forex broker that is regulated by the FCA, as well as other regulatory bodies. The broker offers a comprehensive range of educational materials, including webinars and tutorials, making it an ideal choice for beginners.
4. XM:
Regulated by multiple authorities, including the FCA and the Cyprus Securities and Exchange Commission (CySEC), XM offers a wide range of trading instruments and competitive spreads. The broker provides educational resources and a demo account for beginners to practice their trading skills.
5. Pepperstone:
Pepperstone is regulated by the FCA and the Australian Securities and Investments Commission (ASIC). The broker offers a user-friendly platform and a wide range of educational resources, making it suitable for beginners.
6. AvaTrade:
Regulated by the Central Bank of Ireland and other regulatory authorities, AvaTrade offers a range of educational materials, including video tutorials and webinars. The broker also provides a demo account for beginners to practice their trading strategies.
7. FXTM:
FXTM is regulated by several authorities, including the FCA and the Cyprus Securities and Exchange Commission (CySEC). The broker offers a range of educational materials and a demo account for beginners to hone their trading skills.
8. FXCM:
Regulated by the FCA and the Australian Securities and Investments Commission (ASIC), FXCM is a reputable forex broker that offers a user-friendly platform and a wide range of educational resources. The broker also provides a demo account for beginners.
9. CMC Markets:
CMC Markets is regulated by the FCA and offers a comprehensive range of educational materials, including trading guides and webinars. The broker’s platform is easy to navigate, making it suitable for beginners.
10. OANDA:
Regulated by multiple authorities, including the FCA and the US Commodity Futures Trading Commission (CFTC), OANDA is a well-established forex broker. The broker offers a range of educational materials and a demo account for beginners to practice their trading strategies.
In conclusion, choosing a regulated forex broker is crucial for beginners to ensure a safe and secure trading experience. The top 10 regulated forex brokers for beginners in 2021, including eToro, Plus500, IG, XM, Pepperstone, AvaTrade, FXTM, FXCM, CMC Markets, and OANDA, offer user-friendly platforms, a wide range of educational resources, and demo accounts to help beginners learn and practice trading strategies. By selecting one of these brokers, beginners can embark on their forex trading journey with confidence.
