Themed ranking · Minimum deposit ≤ $100

Best brokers for beginners

Low minimum deposit, in-depth education, and a clear interface for traders just starting out.

A new trader has different priorities than an active scalper: a low entry deposit, structured education, an unrestricted demo account, and responsive support. We surface the reviewed brokers that meet those needs while keeping sound regulatory standards.

FP Markets
4.19 / 5
Intermediate to advanced traders who want platform variety (MT4, MT5, cTrader, TradingView, Iress) and broad market access (10,000+ instruments) at competitive ECN pricing, provided they register under the ASIC or CySEC entity.
Min. deposit
$100
Spread from
0.0 pips
Regulation
ASIC, CYSEC
Platforms
MT4, MT5
Read review
Tickmill
4.19 / 5
Active forex traders, scalpers, and algorithmic traders who prioritize ultra-low Raw account spreads, fast execution, and zero-fee funding under strong Tier-1 regulation, over broad multi-asset coverage or weekend support.
Min. deposit
$100
Spread from
0.0 pips
Regulation
FCA, CYSEC
Platforms
MT4, MT5
Read review
City Index
4.10 / 5
Intermediate to advanced traders, particularly UK-based, who prioritize regulatory security, platform quality, and spread betting access over the lowest possible spreads.
Min. deposit
$0
Spread from
0.0 pips
Regulation
FCA, ASIC
Platforms
MT4, TRADINGVIEW
Read review
GO Markets
4.06 / 5
Intermediate to advanced traders who prioritise low raw-spread commissions, ASIC regulatory oversight, and platform choice across MT4, MT5, cTrader, and TradingView over structured beginner education or US/Canadian access.
Min. deposit
$0
Spread from
0.0 pips
Regulation
ASIC, CYSEC
Platforms
MT4, MT5
Read review
Eightcap
4.01 / 5
Intermediate to advanced traders who prioritise TradingView platform integration, crypto CFD variety, and tight raw spreads, especially active scalpers and algorithmic traders comfortable using third-party platforms.
Min. deposit
$100
Spread from
0.0 pips
Regulation
ASIC, FCA
Platforms
MT5, TRADINGVIEW
Read review
BlackBull Markets
3.90 / 5
Intermediate to advanced traders who prioritise ECN execution, raw spreads, and platform flexibility (including TradingView and cTrader) over investor compensation coverage and deep educational resources.
Min. deposit
$0
Spread from
0.0 pips (ECN Prime); 0.8 pips (ECN Standard)
Regulation
FMA, FSA-SEYCHELLES
Platforms
MT4, MT5
Read review
Global Prime
3.88 / 5
Intermediate to advanced forex and CFD traders who prioritize transparent A-book execution and low trading costs over educational support or platform variety.
Min. deposit
$0
Spread from
0.0 pips
Regulation
ASIC, VFSC
Platforms
MT4, MT5
Read review
Fusion Markets
3.87 / 5
Intermediate to advanced traders who prioritize low per-trade costs and platform flexibility over education or broad asset coverage.
Min. deposit
$0
Spread from
0.0 pips
Regulation
ASIC, FSA SEYCHELLES
Platforms
MT4, MT5
Read review
TMGM
3.79 / 5
Intermediate to advanced traders who prioritise tight ECN spreads, institutional-grade execution infrastructure, and broad instrument access, especially those interested in share CFD trading via DMA.
Min. deposit
$100
Spread from
0.0 pips
Regulation
ASIC, FMA-NZ
Platforms
MT4, MT5
Read review
Spec Markets
3.51 / 5
Intermediate to active traders comfortable with offshore regulation who prioritize competitive ECN spreads, low minimum deposit, and copy trading / EA support over regulatory strength or platform breadth.
Min. deposit
$50
Spread from
0.0 pips (ECN)
Regulation
FSC-MAURITIUS, ASIC
Platforms
MT5
Read review
Tradu
3.13 / 5
Existing Tradu clients managing the transition to FXCM.
Min. deposit
$0
Spread from
0.0 pips
Regulation
FCA, ASIC
Platforms
TRADU PLATFORM
Read review