A good forex broker for newbies has not necessarily to be a good forex broker for an advanced trader. A good forex broker for a trader who also wants to trade commodities, oil, silver, gold, futures, indices (s & p, DAX etc.) has not necessarily to be the right broker for a pure forex trader. A good forex broker for newstrader has not necessarily to be the best broker for technical traders. A good broker for high funded big account holders has not necessarily to be the best broker for the newbie partime traders with capital less than 1000 dollar to invest. In this article I will focus on brokers for newbie traders with less capital.
First recommended broker is for sure Marketiva. Recommended because its a stable broker with a good and stable platform, lot of indicatiors (newbies love indicators!!!), but what is more important, because Marketiva let you trade with cents. Spreads are, with the exception of newstimes, reasonable (2 pips EUR/USD) Best of all, they give you 5 Dollar for free to trade with without having to deposit own money. 5 Dollars to start and being able to trade with 1 cent makes sense for a newbie, who wants to test forex trading, and dont want to test only with virtual money. Worst case you lose your 5 Dollar present, best case you may multiplicate your 5 dollars and withdraw the profit. I know traders who made from this 5 dollar over time a 1000 dollar account. They also offer a no-time-limit demo account, you can trade real money or virtual money on the same platform simultaneously, so its also a very good broker to test your trading strategy.
you may fund your account and withdraw the money through bank wire, and Marketiva also allow e-currency funding for people without bank account or credit card (libertyreserve etc.). They also offer 24 h excellent live support, very important for the currency newbie.
See my blog for further non-deposit-broker
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