Newbie needs a broker

any good brokers in uk, with demo accounts?

All brokers have demo accounts. You don’t necessarily need to use a broker in the UK, since some good brokers accept traders from different countries. If you want offshore, try Profiforex, if not, try Oanda. Glad to help

You can try tickmill, they are regulated by UK FCA, should ensure you enough protection

LMFX is a reliable option, I successfully withdrew from here a few times and their support is swift.

Or u can try oanda. Trustworthy n gd customer service.

As for me, I tried Alpari and InstaForex and now trade with JustForex. All these brokers are quite good.
If you need a broker just for demo-account, just pick any reliable one, all serious brokers have demo.

ask your self how do you plan to trade and find a broker suitable for your trading strategy…If you plan to trade manually, with no specialist ea or strategy, you can choose any broker you like

If you’re a total newbie just get any old broker with sensible spreads. Focus on your trading strategy rather than the broker

This is absolutely [B]dreadful[/B], [I][U]awful[/U][/I] advice.

An important thing, as a newbie, is to do your due diligence about brokers [B]before[/B] opening even a demo account, in order to avoid the later problem of having to trade with real money for the first time at the same time as getting acclimitised to a new/different broker’s interface, terms of conditions, policies and procedures, helpdesk, technical support and so on.

To benefit from the practice, as a newbie, it’s [I]essential[/I] to use a decent, well regulated broker, otherwise even the learning-curve and practice itself can turn out to be of rather limited value.


Generally, Ill agree, that its better to choose a reliable broker even if youre going to use only demo at first. Because, traders often dont want to change broker to which they are accustomed and just create live account with broker, that they used to trade on demo.

anyone had any experience with good broker in NZ or AUSTRALIA??

Yeah and its very subjective, as they get accustomed to website design, navigation, “courteous” support etc.
But then they stumble open dreary and hostile reality of live trading, which they often face unprepared.

I would suggest OctaFX, as I think they are very good and one that you could trust upon. However, I would say before joining any broker you could simply go with checking out their demo account. I don’t think you need to use it for months or even weeks; it is good if we just test it for couple of weeks. I think this is where we could easily get clear picture as how good the broker is and can work with confidence with them.

Well, I don’t think that octa is the best one to work with. not too bad, but not too good either
moreover, you’ll never see the whole picture on demo :slight_smile:

We should choose the broker which is regulated and meet our personal need. Actually a regulated broker will give you pace of mind that your funds are in secure hands. Because, they always ensure security of funds at any kinds of investments with a wide range of trading technologies.

That’s a wise guideline. 90% of wipeouts comes from inexperience and taking incorrect view on the difficulty of trading. So if you want really to progress in trading then you have to be in constant process of picking holes in yourself. That’s my philosophy…

All brokers offer demo trading accounts. I tested with few brokers but opened up a live account with finpro trading due to the trading conditions they offer. Do your due diligence and make an informed decision.

Is a smart way when picking broker through thread discussion on babypips? I thought no.

1 Like

I recommend I find it very low on spreads, if scalping is an advantage.
After that,, the spread is not as low as icmarkets, but hotforex has FCA license.
Or is also an option.
Also, I have a few reviews for this place In search of the Best Broker to start Forex trade

Ic markets is a scam!