Did you know that you can learn forex trading for free straight from your forex broker? Here are 10 brokers that provide free learning for you.
Most traders know that forex trading is not as easy as it looks because they must trade in the currency market, which is very complex, highly competitive, and hard to predict. There is no guarantee that the trader's money will be secure and risk-free, even for professional traders. Traders who are always eager to learn usually have a higher chance of succeeding in minimizing the risk. If you want to improve your forex trading skills.
There are many learning resources you can choose from, including these forex brokers:
- FBS: Offering education through forex articles, professional trading tips, and many more.
- XM: Provide forex podcasts for all traders.
- HF Markets: Offers a free online learning program.
- RoboForex: Specifically facilitates educational materials such as webinars.
- InstaForex: Providing several categories of educational videos.
- ThinkMarkets: Offer more in-depth information about forex.
- FXTM: Comes with free trading learning programs.
- Grand Capital: Equipped with forex courses.
- Alpari: Create Investment Academy that focuses on educating beginners.
- AvaTrade: Unlimited access to dozens of courses on a variety of topics.
Usually, these features are entirely free, so traders must only register with said brokers. If you want to try these free educational services, here are further details from the 10 brokers above.
FBS
FBSbroker is a global broker founded in 2009 with clients from at least 190 countries. Like InstaForex, this broker is also one of the favorite brokers for beginners. This can be due to FBS's ability to accommodate their needs by providing different types of trading accounts. Other than that, to improve their services, FBS also opened a free trading learning program.
Generally, FBS has four main learning facilities:
- Forex articles.
- Trading tips from professionals.
- Video webinars.
- Seminars.
The seminar is the most popular feature of the four programs because it has been held multiple times in various countries worldwide. Thus, FBS provides free trading learning facilities on and off-screen.
Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others.
FBS is regulated by FSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.
Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 1:30 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.
FBS spread begins from 0.5 pips for Pro account type and from 0.7 pips for Standard and Cent accounts. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.
Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading instruments: 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs.
Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent.
FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.
MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.
Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of FSCing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.
Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker (IB) or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.
Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.
Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week.
In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.
XM
XM is a globally recognized broker, especially among retail traders. XM has a unique learning feature called XM Live, a podcast you can listen to and answer your forex trading questions. The podcast is in English and available from Monday to Friday.
Besides that, XM also provides webinars in approximately 18 languages, free video tutorials that cover many necessary trading knowledge, and forex seminars that will give you all information needed to trade better in the currency market. All these features are under their website's "Learning Center" section.
XM Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under XM Group have significant experience as financial services providers worldwide.
Trading Point of Financial Instruments Ltd was established in 2009 with headquarters in Limassol, Cyprus, Trading Point of Financial Instruments Pty Ltd was established in 2015 with headquarters in Sydney, Australia, XM Global Limited was established in 2017 with headquarters in Belize and Trading Point MENA Limited was established in 2019 with headquarters in Dubai.
XM Group is regulated by the CySEC (Cyprus Securities and Exchange Commission) - Trading Point of Financial Instruments Ltd, FSC (Financial Services Commission) – XM Global Limited, the ASIC (Australian Securities and Investments Commission) - Trading Point of Financial Instruments Pty Ltd and DFSA (Dubai Financial Services Authority) - Trading Point MENA Limited.
XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and EN Live Edu that is instructed by 16 global experts.
In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Crypto, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies, & Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.
Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip.
To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.
For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.
To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).
All in all, there is no doubt that XM has gone global with its deep commitment to providing services in more than 30 different languages across the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.
For their global approach, XM has ensured that traders from various countries could access their service easily. This results in the provision of different domains specified for traders in certain jurisdictions. For example, traders from Indonesia could access XM via this link.
HF Markets
HF Markets is a broker established in 2010 with over 2.5 million live accounts and 27 languages worldwide. This broker is known to have extensive trading conditions and quite suitable for novice traders. As a beginner, you can start by opening a Micro account with a minimum deposit of only $5, leverage up to 1:1000, floating spreads from 1 pip, and minimum micro-lot trade sizes (0.01).
As for the educational facilities, HF Markets offers a free learning program conceptualized like an online course. There are downloadable guide articles in e-book format and video tutorials covering basic trading essentials such as forex prices, trading strategies, contract sizes, and many more. Other than that, some webinars are categorized based on traders' skill levels.
HF Markets is an award-winning forex and commodities broker. Established since 2010, the company provides trading services and facilities to both retail and institutional clients. For more than 9 years in business, HF Markets has around 1,500,000 live accounts opened and 200 employees globally.
Based on its services, HF Markets can be regarded as middle-class category. Clients do not need to prepare a big deposit for joining to trade with this broker. Also, there are various account types, trading software, and tools to facilitate individuals and institutional customers to trade forex and CFD online.
HF Markets is a registered brand name of HF Markets (Europe). Based on the location, the company is regulated by various financial regulators. Here are the details:
- HF Markets (SV) Ltd, registered in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015.
- HF Markets (Europe), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with Licence Number 183/12.
- HF Markets SA (PTY), is authorized and regulated as a Financial Service Provider (FSP) by the Financial Sector Conduct Authority (FSCA) in South Africa, under license number 46632.
- HF Markets (Seychelles), incorporated under the laws of the Republic of Seychelles with registration number 8419176-1, regulated by the Seychelles Financial Services Authority (FSA) under Securities Dealer Licence number SD015.
- HF Markets (DIFC) Ltd, authorized and regulated by the Dubai Financial Services Authority (DFSA) under license number F004885.
- HF Markets (UK) Ltd, authorized and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.
If traders have more experienced, knowledgeable, and sophisticated trading environment, they can join to become Professional Clients, who can manage and assess their own risks. For that reason, these kinds of clients are granted access to more favorable rates but afforded lesser regulatory protections than retail clients.
Trading with HF Markets can enable traders to access a variety of trading instruments like CFDs on Forex, Cryptocurrencies, spot metals (gold, silver, and others), energies (oil and gas), commodities (such as coffee, copper, and sugar), indices, bonds, and popular shares such as Google, Apple, and Facebook.
HF Markets offers some of the tightest spreads in the market, starting from 0 pips in Zero Account. This broker quote major foreign exchange currency pairs to five decimal places. Therefore, traders have the opportunity to get more accurate pricing and the best possible spreads.
HF Markets receives numerous highly prestigious titles, including the huge honor of being ed to join the ranks of the World Finance Top 100 Global Companies. Others are Best Client Funds Security Global by Global Brands Magazine, Best Global Forex Copy Trading Platform by Global Forex Awards 2019, Fastest Growing Forex Broker Mena 2019 by International Business Magazine, and many more.
After opening an account in HF Markets, traders will obtain various forex trading platforms to accommodate all of their trading demands. Whether traders like to trade on desktop or prefer to trade on-the-go, they can use MetaTrader 4 on desktop (terminal, multi-terminal, and web terminal) and phone (iPhone, iPad, and Android).
Clients' funds are held in segregated accounts. Only major banks are used by Markets because they believe that successful traders have to give their full attention to their trading rather than worrying about the safety of their funds.
Traders do not need to worry about transaction fees when depositing and withdrawing. Transaction fees are not charged, and diversity of payment methods enable them to choose between Wire Transfer, Bank Card, and online payments (Neteller, iDeal, Sofort Banking, and Skrill). HF Markets ensures that traders make fast transactions 24/5 during the standard hours.
Traders can earn extra income by joining the affiliate program offered by Markets. Clients who join this program will get some advantages, such as 60% of Net Spreads based on the volume traded by sub-clients, up to $15 per a lot of net revenue, and many more. More information about HF Markets can be obtained on their official website which is supported in 27 languages.
From the review above, it can be concluded that HF Markets is one of the award-winning forex and commodities brokers. There are various account types traders can choose in HF Markets, and the broker itself becomes a favorite among traders for its low spreads. This condition is very suitable for traders with limited funds and a desire to get more opportunities to gain maximum profit.
RoboForex
RoboForex is a broker that prioritizes the advancement of trading technology and platforms. However, this broker is not limited to professional traders only, but also new traders. Through a series of Cent accounts it offers, RoboForex allows novice traders to trade with small risk and real trading experience. Traders can also choose whether to trade with a fixed or floating spread.
RoboForex specifically facilitates educational materials such as trading tutorials, video libraries, and interactive webinars for novice traders. RoboForex also provides free learning assistance through routine analysis for novice traders who still need guidance in their strategy.
Well-known as one of the most committed brokers in trading technology advancements, RoboForex reaches out to a wide range of traders, from beginners to the more experienced ones who seek sophisticated trading environments with ECN-like spread and execution. The company is established in 2009 and holds a head office in Belize. Registered under the IFSC Belize, RoboForex manages to attract clients with fantastic leverage as high as 1:2000.
Following its commitment to be the forefront in terms of a high technology forex broker, RoboForex provides various trading platform choices including MetaTrader 4, MetaTrader 5, Social Platform, and its proprietary platform.
Trading instruments range from Currencies to Metals, Indices, Energies, Stocks, and ETFs. Aside from basic service, trading in RoboForex also presents a collection of distinctive features such as the PAMM system and Social Trading network developed with their own brand of CopyFX, ETFs, and stocks that reaches up to thousands as the available trading assets, and tight spreads.
RoboForex also accepts payment through a surprising online gateway besides wire transfer and credit card. The alternative methods are Skrill, Neteller, UnionPay, Perfect Money, and other similar online payments.
After opening an account, traders can start with a minimum deposit as low as $10 in Pro Accounts. To specify, here is a short description of each type of accounts that traders can choose from in RoboForex:
Pro-Standard
- Minimum Deposit: $10
- Spread: from 1.3 points
- Minimum order volume: 0.01
- Leverage: up to 1:2000
ECN-Pro
- Minimum Deposit: $10
- Spread: from 0 points
- Minimum order volume: 0.01
- Leverage: up to 1:300
Prime
- Minimum Deposit: $5,000
- Spread: from 0 points
- Minimum order volume: 0.01
- Leverage: up to 1:100
Pro-Cent
- Minimum Deposit: $10
- Spread: from 1.3 points
- Minimum order volume: 0.1
- Leverage: up to 1:2000
R Trader
- Minimum Deposit: $100
- Spread: from $0.01
- Minimum order volume: 1 stock
- Leverage: up to 1:200 (during the trading session) and up to 1:4 (after the trading session)
The R Trader account signifies RoboForex's attempt to distinguish forex and stock trading condition. It appears that the platform used in that particular account is RoboForex's in-house product that is specifically designed for stock online trading.
The overall description above depicts RoboForex as a distinguished broker despite its status as an offshore-regulated entity. Not only successful in providing various trading technology, but RoboForex also focuses on stock trading for more conservative traders. However, it is also important to note that RoboForex is one of the few brokers that boldly offer an extremely high perimeter of leverage at 1:2000.
InstaForex
InstaForex is a well-known Russian broker that was founded in 2007. This broker can be quite attractive to novice traders, mainly because it provides not only one but several free trading educational programs. At least sixteen learning packages include informational articles on instafxeducation.com, lessons in video courses, other educational programs, and trading simulators called Forex Trainers. These facilities are aimed at helping traders learn how to trade in the currency market according to their level and make better trading plans.
In general, there are four categories of educational videos provided by InstaForex:
- Trading with InstaForex, containing tutorials about how to trade with InstaForex, helps novice traders who have never traded. Some examples are opening a demo account, placing orders, setting indicators, managing multiple accounts, or registering as an affiliate account.
- The Indicator Tutorial shows how to use technical indicators in the platform and how to set and modify the parameters. The provided materials include guides on Bollinger Bands, Market Fractals, Moving Average, MACD, Parabolic SAR, RSI, Stochastic, Alligator Indicator, and One Click Trading Complex.
- Trading Video Tutorials about MetaTrader 5, explaining how to navigate platform setup, settings, charts, positions and orders, Market Watch Window, Data Window, and many more.
- Forex Video Tutorials, showing the basic operations in the forex market that can help traders know the pros and cons of forex trading. Examples are about currencies, quotes and spreads, margin trading, etc.
InstaForex is an international broker that provides trading services to traders globally. Since it was founded in 2007, InstaForex has provided for clients from various countries as many as 7 million traders. Based in Kaliningrad, Russia, InstaForex always attempts to improve the quality of the company in order to captivate the hearts of their clients.
Their hard work can be proven, one of which is by achieving a variety of awards, including Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards, Best ECN Broker Asia 2018 by IBM, Forex Broker of the Year for Eastern Europe 2018 according to le Fonti Awards, Development, and Success award at Financial Olympus 2016-2017, etc.
There are 4 types of account offered by InstaForex representing a universal trading tool that help to work on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard, dan Cent.Eurica. Trading account types differ by the methods of accounting spreads and commissions, which are picked by the trader opening an account.
Insta.Standard account is relevant for standard trading terms on the Forex market and allows a trade to be settled with classical spread and with no fees. Traders will be charged a fixed spread every time they make a transaction. Spreads that are provided ranging from 3-7 pips. The main advantage of this type of accounts is its universality, as a trader can change the trading leverage and work with a deposit size convenient for traders.
Different from Insta.Standard accounts, Insta.Eurica accounts do not require payment of any spread on opening a deal. Therefore, this type of InstaForex account is suitable for beginner trader with a minimum transaction of 0.01 lots.
There are also other types of accounts InstaForex, namely Cent.Standard and Cent.Eurica which can be used for beginner traders because they can use the minimum transaction volume, which is 0.0001 lots (the cost per lot is USD0.1 cent). Deposit currencies that can be used by traders are EUR and USD (for all types of accounts).
Trading in InstaForex is quite a given as traders can choose to trade with leverage between 1:1 to 1:1,000. With a minimum initial deposit requirement of only USD1 (for all types of accounts), InstaForex clients have the opportunity to get a 30% to 100% deposit bonus.
Not only that, but beginner traders are also exempt from confusion in determining forex trading strategies. Because Instaforex provides ForexCopy services that allow traders to copy orders from professional traders in just a few minutes.
And then, there are around 300 trading instruments offered by InstaForex for traders. In addition to currency pairs, there are also futures, shares, gold, silver, CFDs, Bitcoin, and others.
Every InstaForex client is free to choose a trading platform that can be tailored to their needs. There are four types of trading platforms available, including InstaBinary, WebIFX, MetaTrader4, and MetaTrader5. Each platform has advantages and disadvantages. InstaForex also provides video tutorials on how to register on each platform. It aims to make it easy for beginner traders who want to join InstaForex.
If a trader still confused after seeing the video tutorials, traders can contact customer service available 24 hours connected to various social media, including email, Skype, Whatsapp, Telegram, Viber, Twitter, and Phone Call. On the InstaForex website, there are around 30 languages provided to facilitate traders from various countries.
The trader can also help themselves with trading calculators provided on the InstaForex website. Traders can accumulate currency pairs, Leverage, volume, and currency used.
The payment system in InstaForex is also diverse. Traders can pay deposits via Visa, Mastercard, Skrill, Neteller, PayCo, as well as Wire Transfer. All in all, InstaForex is a well-rounded broker for many types of traders.
ThinkMarkets
ThinkMarkets, compared to the previously mentioned brokers, is not much of a beginner-friendly brokerage. With a minimum deposit of $250, this broker's trading conditions may be too risky for newcomers.
However, suppose you are searching for a next-level learning program to increase your knowledge about forex trading; ThinkMarkets provides a collection of educational articles arranged in multiple skill levels that cover the needs of all types of traders, from beginners to professionals. In general, ThinkMarkets learning programs offer more in-depth information about forex. Bear in mind that in forex trading, even experts still need to continuously improve their skills and stay updated to follow the currency market trends.
As a multi-asset online brokerage, ThinkMarkets present a wide range of trading assets starting from Forex to Precious Metals, Commodities, Indices, Shares, and Cryptocurrencies. The Australian-based broker is established in 2010 and has since opened additional headquarters in London and regional offices throughout Asia-Pacific, Middle East, North Africa, Europe, and South America.
Along with its history operation, ThinkMarkets has been awarded and recognized many times in various aspects. Most recently, they won the Best Value Broker in Asia at the 2020 Global Forex Awards.
Average FX spreads for traders opening an account in ThinkMarkets start from 1.2 pips for the standard account, while ThinkZero provides the best trading experience with 0.1 pips spread. Still, traders may need to consider that ThinkZero applies commission from $3.5 per side for every 1000,000 trading volumes.
As a global online brokerage, ThinkMarkets operates under various financial regulatory institutions. For example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and is licensed by the Australian Financial Services as well as the Australian Securities and Investment Commission (ASIC) with ABN: 69158361561. ThinkMarkets UK is registered under the Financial Conduct Authority (FCA) by the company name of TF Global Markets (UK) Limited (number: 09042646).
ThinkMarkets consistently try to improve their trading environments with various advanced products. Automatic trading fans are provided with free VPS Hosting, while passionate traders who'd like to experience beyond MetaQuote platforms can try ThinkMarkets' proprietary platform called ThinkTrader.
The trading platform is available on 3 different interfaces specifically designed for Web Desktop, Tablet, and Mobile displays. Furthermore, customized tools such as 80+ drawing tools and more than 125 indicators for technical analysis accessible even through Mobile screens would certainly provide a brand new trading on-the-go experience.
As far as market updates go, trading in ThinkMarkets would be accompanied with news from FX Wire Pro that is known for its strict policy toward upholding objective journalism and delivering critical, trusted information in real-time. Information segments covered by FX Wire Pro include Economic Commentary, Technical-level Reports, Currency and Commodities, Central Bank Bulletins, Energies and metals, together with Event-driven Flashes.
For payment methods, ThinkMarkets offer the gateway via bank transfer, credit card (Visa and MasterCard), Skrill, Neteller, POLi internet banking, BPay, and Bitcoin wallet.
All in all, it is safe to say that for a company that started business since 2010, ThinkMarkets is an accomplished broker in terms of legal standing and innovation in trading technology. As an additional safety assurance for traders, this broker underlines its commitment to provide a $1 million insurance protection program which is made possible by ThinkMarkets' insurance policy with Lloyd's of London that protects clients' funds for up to $1 million in the unlikely event of insolvency.
FXTM
FXTM is a forex broker pioneered by Andrey Dashin and established in 2011. Apart from providing various trading accounts for beginners and expert traders, FXTM also has a wide range of free trading learning programs that could help traders learn more about the world of forex trading and the currency market. The primary learning programs that might interest beginners are trading guide articles and webinars programs led by various forex experts. In the webinar, traders can learn and interact with the professionals during the question and answer session.
FXTM was initially launched in 2011 with a unique vision to provide unparalleled superior trading conditions. Opening an account in FXTM would also bring about access to advanced education and sophisticated trading tools in the forex industry.
Now, FXTM is registered under the Financial Conduct Authority of the UK with the number 600475. The company is also regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, and is licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614
FXTM has 1 million registered accounts with more traders joining every day. The company continually tries to improve their performance and have got many awards such as Best Trading Experience 2019 by World Finance Awards, Best Online Forex Trading Company Nigeria 2018 by International Finance Awards, Reputable Investor Education Forex Broker Award 2018 by Hexun.com, Forex Brand Of The Year China 2018 by Fxeye.Com, and many more.
As a responsible broker, they determine leverage (expressed as a ratio of transaction size relative to trader's buying power) according to the trader's level of knowledge and experience in trading, which is evaluated by the Appropriateness Assessment. The company also enables trading with leverage up to 1:1000.
As for spreads, FXTM offers low spreads starting from 0.1 pip, so traders can withdraw profits at the start of trading. The company, which has headquarters in several countries, uses No Dealing Desk (NDD) technology and partners with credible liquidity providers to provide the best bid and ask prices.
For beginners, there is an automatic trading facility called algorithmic trading provided. When trading in FXTM, traders can develop their trading strategy or adopt other traders' strategies. Furthermore, the strategy is applied to automated trading systems, such as Expert Advisors. The purpose of this system is traders do not have to worry about losing opportunities while not observing the market so that profits can still be earned.
Three types of ECN accounts use the MT4 and MT5 trading platforms. There are also mobile and Tablet Apps trading platforms. Aside of providing many account variants, FXTM goes above and beyond to ensure that their client receives excellent support that they deserve, making their trading experience optimal and user-friendly.
FXTM also provides a diverse range of products. In addition to over 50 currency pairs, they provide gold, silver, CFD on commodity futures (oil), CFD on ETFs, and indices.
Education about the basic concepts of the forex industry is also accessible in this broker. Traders can read all the concepts provided in the form of e-books, video tutorials, articles, webinars, and forex seminars. There are 17 languages provided on the FXTM website to make it easier for traders to learn about forex.
Traders are also given various choices for payment methods, including Credit Cards (Visa, Mastercard, Maestro) and E-Wallet (Neteller, Skrill, Western Union). For withdrawing funds, traders are not charged a fee with a length of 2 hours to 2 days. Traders can live chat to ask further questions and contact the admin via email. There is also a question and answer page about forex trading on FXTM.
Grand Capital
Grand Capital offers a quite complete package for beginners. First, they offer a Micro account in which traders still unfamiliar with forex trading and want to start with small capital can trade with cent currency and a minimum deposit of only $10. Second, Grand Capital provides a free forex course that can be found in the "For beginners" section on its official website.
Alpari
Alpari is a globally recognized broker often discussed among traders, both beginners and professionals. This broker operates with MetaTrader 4 and MetaTrader 5 as their leading trading platforms; both can provide quick navigation and user-friendly access. For beginners, Alpari has excellent trading conditions.
If you want to learn basic trading, Alpari provides various trader education tools for beginners. A special section labeled the Investment Academy focuses on educating beginners with many free trading learning programs. Open a page called "Learn to Trade", and you can find a collection of how-to articles and webinars hosted by several forex professionals.
Alpari International is one of the largest forex brands. They always try to work hard to make sure traders make the best trading and investment decisions. Established on 24th December 1998, Alpari has started from a small group of men who are looking to start a business in finance in one of the most economically precarious years in Russia's history.
During 20 years of experience in the forex industry, there are about 2 million traders choosing Alpari as the broker to trade with. Alpari has a head office on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. The company is regulated in St.Vincent and the Grenadines (the licensed number is 20389 IBC 2012), IFSC Belize (the licensed number is IFSC/60/301/TS/18).
This broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools, and an easy-to-use interface. For higher volumes, the company also provides the Alpari International Direct platform which offers enhanced features for advanced investors.
The company offers an array of live trading accounts to choose from. Each one offers different opportunities and allows traders to trade in different ways. All of their accounts use USD, EUR, GBP, and NGN as the options for base currency. But, NGN accounts are only available to clients in Nigeria.
Each kind of account has a different spread. At Standard Account provides spreads from 1.2, the spread of Micro Accounts is from 1.7, and ECN Account and Pro Account have spread from 0.4. A trader can open an account in Alpari and opt to trade currencies (FX majors, FX minors, FX exotics, and FX RUB), spot metals, spot commodities, stock trading, spot indices, and crypto-currencies.
A trader can find out what the minimum spreads, pip value, swaps, and trading session times are for each instrument before start trading. If the trader is still not sure where to begin, they can found the answer in a guide provided by Alpari on their official website.
Their guide to trading is designed to break down the terminologies and answer the most frequently asked questions by traders. A trader will be trading more quickly and with more confidence in no time.
Besides, Alpari offers PAMM (Percent Allocation Management Module) which allows a trader to choose their desirable Account Manager. This allows traders to have a chance in gaining more profit without advanced knowledge of forex trading. These managers usually have a wealth of experience in the markets, with tried-and-tested strategic trading decisions.
This program also gives opportunities for well-seasoned traders to become Strategy Managers. As Strategy Managers, they can use their trading experience and earn more from profitable trades. They have privileged access to Alpari's advanced programs and all the tools they need to cultivate a massive following of investors. The investors then will help Strategy Managers to earn more through commission fees up to 40%.
Their website also provides various Forex Trading Strategies. Because to increase the chance to profit, it's important to know as much about the markets and the trading strategies behind them as possible. Alpari believes that strategies provide traders with a roadmap for trading, reducing panicked decision-making that can occur in the heat of the moment. In other words, trading in Alpari allows traders to learn about any kind of forex trading strategy.
For educational purposes, the company provides Trading Webinars, one of the variants of technology that allows users to hold seminars, talk shows, and discussions online, without having to communicate face to face.
Alpari creates a very convenient funding and withdrawal experience for each trader. A trader can transfer with any kind of methods, such as e-payment (example: FasaPay, Local Transfer, TC Payment, etc), credit cards (Visa, Mastercard, and Maestro), E-Wallet (Neteller, Skrill, VLOAD, TC Pay Wallet, WebMoney, Perfectmoney, Bitcoin), and bank transfer. If there's been no trading activity on the trader account for at least 6 months, an inactivity fee of 5 EUR/USD/GBP will be applied.
All Back office transfers are processed during standard business hours, 03:00-19:00 GMT+2 (GMT+3 during DST), Monday-Friday. If traders still feel confused, they can contact Alpari's team by any method, such as Live Chat, Telegram, or email.
AvaTrade
Get your free trading education with AvaAcademy, online trading academy proudly powered by AvaTrade!
Whether you're a novice or an experienced trader, AvaAcademy offers courses to help you navigate the complexities of trading in Stocks, Crypto, Forex, Indices, and Commodities.
AvaAcademy also offers skill assessment quizzes, where you can track your progress and reinforce your understanding. You may test your knowledge at each learning stage to ensure you're mastering the concepts and techniques presented in the courses.
Additionally, AvaAcademy has a mobile version. Whether you're travelling, working, or even indulging in a relaxing bath, you can continue your education effortlessly using your mobile device.
Up till now, there are over 10,000 traders who have successfully perfected their skills with AvaAcademy. With 18 professional trading courses, 150 multi-level lessons, and 50 quizzes to check your knowledge, this academy is a proven hub for effective learning.
Avatrade can be called one of the most well-rounded brokers that support almost all trading styles. Not only allowing hedging, scalping, and expert advisor (EA), Avatrade also completes their service with One-cancels-the-other order (OCO) and AutoTrading in many variants of automated trading systems.
AvaTrade was founded in 2006, with the primary mission to empower people to trade with confidence. If traders are still confused about what is the best broker for supporting trader's trading, AvaTrade perchance option of traders, because it has been evaluated and honored for some of the industry's most remarkable financial and technological achievements that it provided to clients.
In 2019, the Dublin-based broker got achievement from Daytrading.com as The Best Forex Broker 2019. Besides, the company is honored as Best Forex Broker, Best Bitcoin CFD Trading Provider of the year, and Best Affiliation Programme in the European area.
Furthermore, for traders who have high mobility, AvaTrade provides many platforms that allow traders to trade using laptops and mobile phones. The availability of the free Autochartist tool in the platforms is the best support for both novice and experienced traders because it makes it easier for them to find trading opportunities without the need to glance at charts all day.
The Autochartist free signal is provided in Gold Account, Platinum Account, and AVA Select. By opening an account in AvaTrade, traders don't have to pay for getting a full Autochartist service. Autochartist itself is a market scanner tool that can detect trading signals from various technical perspectives.
Traders can access AvaTrade in many variants of platforms, such as AvaTradeGO, MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, Web Trading, Mobile Trading, and AvaOptions.
In terms of regulation, AvaTrade is regarded as a superior broker because it has a lot of credible licenses. That way, even with deposits of up to ten thousand dollars, security can be guaranteed. Applying the Segregated Account system, AvaTrade is regulated by the Central Bank of Ireland (No.C53877), ASIC Australia (No.406684), JFSA Japan (No.1662), and South Africa (FSP 45984).
Can traders lose more than their deposit abruptly in the event of high volatility? AvaTrade explicitly answers no, as traders have negative balance protection.
With a minimum deposit of USD100, AvaTrade offers various leverage depending on the trading instruments; whether it is forex (starts from 30:1), indices (starts from 20:1), commodities (starts from 5:1), ETFs (starts from 5:1), or cryptocurrencies (starts from 2:1).
AvaTrade has committed to a set of values in relation to customers. Therefore, the company provides the best trading experience, offering multilingual customer service and the most sophisticated and user-friendly trading platform.
New traders can also learn forex trading in the Education tab on AvaTrade's official website. Traders will find a wide collection of articles, video tutorials, and more tools that will assist them every step of the way. It is an important requirement as the forex market might be a bit overwhelming and even scary at times, so traders need to make sure that they are fully prepared to begin trading in the real account.
There are many types of account types provided by AvaTrade. There is also an Islamic Trading Account, which is uniquely provided for Muslim Traders. Islamic account type is similar to a regular one with one key difference; it is not subject to any special fees or interests (swap-free), which sits well with the finance principles of Sharia Law.
If traders have felt confident for forex trading, traders can choose AvaTrade as an ideal choice. The minimum deposit and various platforms offered to make it a suitable destination for even beginners who would like to try forex trading for the first time.
Education is Crucial in Trading
Most traders look for educational programs from some mentors who conduct a series of paid seminars for a certain period. Thought it's not a forbidden practice, but you need to think about it like this
"Why going out of your way to spend money on such programs if you can get the materials for free from a forex broker that you choose to trade with?"
Even though success is not guaranteed, at least you can take advantage of something the broker forex gives without cost.
There are many ways to get free forex education for all kinds of traders, especially through a broker. Here are five ways to use it to your advantage.
10 Comments
Dec 15 2020
awesome article
Jun 10 2023
Hey there! When it comes to enhancing forex trading skills and reducing risks, what areas of education should traders prioritize? The article highlights the availability of brokers offering free educational resources, but it's crucial to identify the key aspects of forex education to focus on.
Gaining a thorough understanding of fundamental analysis and technical indicators can provide valuable insights into market trends and potential trading opportunities. How do these tools function, and what are effective ways for traders to incorporate them into their strategies?
Risk management plays a vital role in forex trading. Learning about proper position sizing, setting stop-loss orders, and effectively managing leverage can safeguard traders' capital and minimize potential losses. What approaches can traders adopt to develop robust risk management strategies?
Jul 6 2023
@Hyuga: Hey! Improving forex trading skills and reducing risks require focusing on key areas of education. To start, traders should prioritize understanding fundamental analysis and technical indicators. Fundamental analysis involves studying economic factors and news events to evaluate currency movements. Technical indicators, on the other hand, use historical price data to identify patterns and trends. Learning how these tools work and incorporating them into trading strategies can provide valuable insights for decision-making.
Risk management is crucial too! Traders should learn about proper position sizing, setting stop-loss orders, and managing leverage effectively. Position sizing involves determining the appropriate trade size based on account size and risk tolerance. Setting stop-loss orders helps limit potential losses by automatically closing trades at predetermined levels. Managing leverage ensures traders don't overexpose their accounts.
To develop robust risk management strategies, traders can consider approaches like diversification, using trailing stop-loss orders to protect profits, and regularly assessing and adjusting risk exposure. Adopting disciplined trading habits,
Jul 8 2023
What advantages does OANDA's regulation by the US National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) offer for traders? How does being regulated by these bodies enhance OANDA's credibility and trustworthiness as a broker? In what ways does the US regulatory framework, enforced by the NFA and CFTC, protect traders' interests and ensure fair trading practices? How does OANDA's compliance with these regulations contribute to the safety and security of traders' funds? How can traders benefit from the transparency, compliance standards, and dispute resolution mechanisms provided by the US NFA and CFTC? Considering OANDA's beginner-friendly features and educational resources, how does the added regulatory oversight by the NFA and CFTC provide traders with an extra level of confidence and peace of mind?
Nov 24 2023
As per the article, it mentions that OANDA provides an array of educational resources, including articles and videos, covering crucial trading topics such as getting started in trading, technical analysis, and capital management. I'm particularly interested in delving into the aspect of capital management. How significant is it? It seems like technical analysis usually takes the spotlight in broker education, and getting started in trading is a common topic. However, capital management appears less common. I'd like to understand the importance of capital management in trading.
Nov 28 2023
Capital management or the other term, money management is a fundamental aspect of trading, often considered as crucial as technical analysis and getting started in trading. While technical analysis focuses on understanding market trends and movements, and getting started guides you through the basics, capital management is about effectively handling the money you invest in the markets.
The importance of money management cannot be overstated, especially for beginners. It involves strategies for preserving and growing your trading capital while minimizing the risks of significant losses. Effective capital management helps traders avoid making impulsive decisions, ensures proper risk-reward ratios, and contributes to long-term success.
In essence, understanding how to manage your capital is like having a safety net for your trades. It helps you stay in the game, weather market fluctuations, and ultimately increases your chances of sustained profitability. You can also learn more about that in this article : Forex Brokers with Free Education for Beginners.
Jan 16 2024
To start, I appreciate brokers that provide free educational features. Upon thorough exploration in this article, I discovered that FXTM offers a comprehensive range of such features, and I have personally tested them multiple times. However, my interest was piqued when I learned that OANDA facilitates trading with nano lots. This led me to contemplate trying OANDA's services.
According to the article, any trader who registers with OANDA has the ability to initiate a position using nano lots. Prior to creating a demo account with OANDA, I seek clarification on the concept of nano lots and how it can enhance our trading experience. It's crucial for me to understand what each broker offers before committing to an account, as managing multiple accounts can be bothersome and may lead to email clutter.
Jan 19 2024
Apr 25 2024
Just want to ask some questios here :
What are the benefits of OANDA being regulated by the US National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) for traders? How does this regulation enhance OANDA's reputation and reliability as a broker? How does the regulatory framework established by the NFA and CFTC in the US safeguard the interests of traders and ensure fair trading practices? In what ways does OANDA's adherence to these regulations contribute to the security of traders' funds? How can traders take advantage of the transparency, compliance standards, and dispute resolution mechanisms offered by the NFA and CFTC? Considering OANDA's user-friendly features and educational materials for beginners, how does the additional oversight from the NFA and CFTC provide traders with an added sense of confidence and assurance?
Apr 28 2024
OANDA being regulated by the US National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) is a good thing for traders. It means OANDA follows strict rules set by these organizations, making them more trustworthy. These rules help prevent fraud and ensure fair trading.
For traders, this regulation means their money is safer with OANDA. The NFA and CFTC require brokers to keep client funds separate from their own and have enough money to cover what they owe traders.
If traders have any problems, they can turn to the NFA and CFTC for help. These organizations have processes to resolve disputes between traders and brokers.
For beginners, knowing that OANDA is regulated by these authorities can give them more confidence in trading. Plus, OANDA offers helpful resources for beginners, making it easier to get started in forex trading. ( also read : CFTC And NFA Explaination)