Founded in 1996 in London, UK, LCG is a traditional, FCA-regulated broker with a clearly stated product offering. Account types are simple, with a single live account with no minimum deposit and tight spreads, which can also be easily converted into an Islamic swap-free account - an ECN Account also exists but the minimum deposit is 10,000 USD. LCG has a huge range of tradeable assets - including bonds, interest rates and ETFs - and supports both MT4 and its proprietary LCG Trader platform. Education and market analysis are both excellent and traders also have access to the Trading Central application for further analytical support. 

FxScouts does NOT recommend ForexMart due to insufficient regulation. We suggest that you find an alternative regulated broker governed by processes designed to protect your funds. With only a little educational material to teach traders how to learn to trade successfully and a lack of transparency in the spreads and commissions, there is cause for concern. While ForexMart claims to have a fast withdrawal system, each withdrawal includes a fee that would not be applied at most other credible brokerages. Our primary concern with ForexMart, however, is their lack of credible regulation.

With a large number of Forex pairs and a near equally large number of trading account types, SuperForex seems to be throwing the doors open to as many clients as possible. A little additional digging uncovers very wide spreads on the Market Maker STP accounts, and massive non-transparent commissions on the ECN accounts. Weak IFSC regulation provides limited oversight of SuperForex. When coupled with an insufficient level of educational material for beginner clients, we question whether SuperForex is the right choice for beginner traders looking for a trusted broker.

Fortrade may appeal to traders who prefer a simple account structure and a wide variety of CFDs to trade. However, traders should be aware that Fortrade's trading costs are significantly higher than other similar brokers. Its single commission-free account has a low minimum deposit requirement of 100 USD, but extremely wide spreads that average at [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips on the EUR/USD.  Fortrade offers a diverse range of trading assets, including specialty CFDs such as bonds and stock DMAs that are rarely found at other brokers. Its trading platforms include MT4 and a user-friendly proprietary platform, optimised for both desktop and mobile trading.  Fortade's education and analysis section is comprehensive and will be useful for beginner and advanced traders alike, with frequent in-house market analysis of the European and US sessions.