Some brokers offer a demo account and other virtual trading tools that can help you get hands-on experience in the market, without losing any money. This tools and methods allow traders to practice trading in order to become familiar with the ins and outs of the platform. Demo accounts can allow a trader to experiment with trading style, to learn a profitable system and get used to the broker’s execution methods. My recommendation for the new traders is once you are comfortable with a particular trading style, remain faithful to that trading style and always use “stop loss” and “take profit” orders. Traders beginners should open a demo account, try to become profitable and continue to evaluate at regular intervals before funding the account or placing trades. eToro offers interactive trading courses for its clients that are very helpful for the beginners and serious investors. eToro is a leading social trading network and brokerage company that connects traders from around the world and enabling them to share trading information and strategies. Interactive trading courses are one of the best time-saving learning methods around. These courses provide value to all traders, from beginners to serious investors alike, with progressive learning, engaging lessons and interactive quizzes. Trading psychology course is crucial for any trader, this lesson covers how to deal with losses, and introduces tools to help maintain good psychological behavior. IQ Option also offers a demo account and this broker dedicates a huge amount of attention for the beginner traders in a simple and transparent way. The trading platform is user-friendly and innovative with the active trading community that enables practice trading. When you sign up with Plus500, as a new trader you receive a demo account, and in this way you experience the possibilities without risk. You can also practice as long as you like with the demo functionality. Avatrade demo account is available free of charge, you can open a free practice trading account with any amount you want. AvaTrade was founded with the client in mind, and its mission is to empower people to trade with confidence. According to the reviews on the internet, the most sophisticated players in the market are also very satisfied with eToro, IQ Option, Plus500 and AvaTrade.
Deposit options and account currencies
Brokers usually support a variety of payment methods for customers to buy or deposit, including bank transfers, credit cards, debit cards, bank wires, PayPal, Skrill.. The deposit methods vary and depend on the conditions of each broker. In the most case, all client funds are held in segregated client bank accounts and they are not at risk in case of bankruptcy. On the payment methods page of each broker, clients can find all important information about deposits. A trading account at most brokers can be managed in most FIAT currencies such as EUR, USD, CAD, GBP, Japanese Yen. On the other hand, some brokers only operate in USD, they do not charge any fees for USD deposits. When making a deposit in GBP or EUR (you select this currency upon making the deposit), it will need to be converted to USD. For deposits made in any currency other than USD, they charge a fee from the market rate at the time of the transaction. When choosing a broker, always check history and reviews to make sure their performance is consistent. Checking the reviews is something you should always do.