PocketOption is mainly for options trading, but they still offers a reliable
MetaTrader 5 MT5 trading platform integrated into its cloud-based platform and free iOS and Android app that's easy-to-use for beginner forex traders. They are regulated and have more than 10 million clients worldwide.
We have PocketOption on this list because most beginners new to trading often make significant losses in forex trading because they don't understand how to set entry, stop loss, and take profit levels.Â
The two advantages of trading forex options are that you will know the max loss on each trade before you open a trade, and you can trade small size, so mistakes don't cost you a lot during your learning curve.
That way, you can start trading forex options to learn and then switch to MT5 forex trading on this commission-free broker. New traders get a $10,000 demo account. The minimum deposit is $50. With promo code "WELCOME50", you get a 50% welcome bonus (usually 25%).Â