Best MT4 Broker For Beginners for 2024 - TOP 5

Best MT4 Broker for beginners: Investment Programs

Earning passive income is just as important for traders as earning profit by actively trading. Therefore, it is important to consider investment instruments offered by the company. There are different investment programs and their choice strongly depends on a specific broker. TU analysts have prepared a review of investment programs of the 5 best brokers.

1

RoboForex - Investment Programs

Investment Programs, Available Markets and Products of the Broker

RoboForex is the ideal broker for those looking to invest their money in the Forex market. This company has everything to earn a stable income — from professional analytics to technical functionality and optimal trading conditions. It is especially worth noting its investment program like RoboForex CopyFx which allows you to receive passive income without doing anything. According to customer reviews, RoboForex is the most popular brokerage company.

RoboForex CopyFx is a service for copying deals

RoboForex CopyFx is a passive investment option that involves connecting an investor's account to a professional trader's account and then copying his transactions. In this case, all trader's transactions are automatically opened on the investor's account. A specific trader's commission is deducted from the investor's profit in case of a successful transaction. The entire service is fully automated which minimizes your work to almost 0%. Learn More about CopyFX From RoboForex

CopyFX at RoboForex - how to choose a trader | Firsthand experience of Oleg Tkachenko

The minimum deposit is only $100, so everyone can test the waters. Having started working, the investor gets access to professional traders' ratings, which indicates the period of the account's existence, profitability, maximum drawdown level, and other statistics. Also, the investor can contact the trader directly.

An investor can connect to an unlimited number of traders, provided that his deposit can withstand such a load. Such diversification of risks makes it possible to form a full-fledged investment portfolio from traders' transactions.

An investor can disconnect from a trader at any time if he doesn't like something in his trading methods. It is a serious tool for protecting a deposit from RoboForex, which not all brokerage companies provide.

Separately, it should be noted that any person can simultaneously act as both an investor and a trader. All statistics on the effectiveness of copying transactions are displayed in the client's account.

Algorithm of working with the CopyFx copy trading platform:

• Once you register and pass verification, open a trading account. Investors can open any account, except for accounts with the MT5 and R StocksTrader platforms. Traders planning to provide signals open a separate account by choosing Open FxCopy Trader Account.

• In the Investment menu, open MT4 Trader Rating. Traders must meet minimum requirements of the broker in order to be included in the rating, such as the number of trades, the number of days the account has been active, and profitability. You will need to contact Customer support to learn about specific requirements.

• You will see main criteria in the list of traders: maximum drawdown, number of copy traders, profitability, account existence period, etc.

• Click on the profile of each trader to view trading statistics. You can activate the copy trading option in the profile of the trader you’d like to copy.

Copy trading is available on real accounts, subject to the deposit in the amount higher than the one specified in the trader’s profile. You can disconnect from a trader’s account at any time.

How to start investing in copy trading with RoboForex | Firsthand experience of Oleg Tkachenko

RoboForex affiliate program

It is not necessary to be familiar with trading to make money with RoboForex. Attract customers and earn up to 50% of the company's income. It works like this:

• You register as a partner, after which you receive information materials for posting on your website/blog, forums, or social networks. You also get a referral link.

• The person follows your referral link and deposits capital in his account.

• The broker receives the spread and credits a part of his profit to the partner's account in the referral trades.

Also, each partner can participate in the loyalty program with the possibility of receiving up to 20% additional partner remuneration every month.

Depending on the chosen partnership program and account type, the total amount of partner rewards can exceed 50% of the fees paid by the referral. For example, on Affiliate accounts, rewards are up to 70%. Taking into account the general fee of the VIP program with the loyalty reward, the total rewards of a partner could be as high as 84%.

2

Exness - Investment Programs

Investment Programs, Available Markets and Products of the Broker

Exness clients can make passive income on copy and algorithmic trading. Forex novice traders can earn from copying trades of experienced traders with the social trading platform and standard opportunities of MetaTrader platforms. If Exness clients know how to trade, they can make additional income on broadcasting their own strategies.

How to start earning with social trading

Exness clients can choose any convenient method to receive trading signals. These can be signals broadcast directly on MetaTrader or in the Exness in-house mobile app.

• Strategy copying. This option is available on the Exness proprietary platform. Investors choose the strategy based on important parameters for them, such as income, number of subscribers, leverage, fees, etc. The Most Copied option allows traders to view the most popular strategies among investors.

Who can provide strategies? Experienced traders with effective trading can do that. Currently, Exness offers two account types for providers — Social Standard and Social Pro. The minimum deposit for both of them is $500. Leverage is up to 1:200 and the fee is up to 50% of the investor’s profit.

Who can become an investor? Any Exness client with a verified user account can be an investor. The minimum investment is $10, thus this option is available even to Forex novice traders without big capital. Investors choose strategies and copy them in the social trading mobile app. Install it on your smartphone or tablet and log into your Exness user account. The broker’s website provides a link to download the app from Google Play and the App Store. Also, there is a QR code.

• Copy trading . To copy trades of other traders, use the MetaQuotes signal service — MQL4 on MT4 and MQL5 on MT5. First, investors pay subscription fees, and later they pay fees to traders for successful trades.

In addition to copying trades and strategies, Exness clients can use bots and expert advisors, which are available in app stores on the MQL4 and MQL5 websites. There are paid and free plug-ins. Also, you can ask an experienced trader to develop an advisor to fit your trading goals. Algorithmic trading is not available for Exness proprietary platforms.

How to copy signals from traders to your account. | Firsthand Experience of Oleg Tkachenko by TU

Partnership programs

Partner rewards are another type of passive income available to Exness clients. Any broker’s client can receive these rewards, regardless of their trading activity and deposits. The main condition to receive fees is to comply with the partnership program requirements.

Rewards for Exness partners:

• From $880 to $31,200 per month under the Introducing Broker (IB) program;

• From $10 to $1,850 for each client who makes the first deposit under the Affiliate Program.

Rewards for IBs depend on the number of referred clients — the more of them there are, the higher the fee. The maximum rate is 40% of Exness income from referral trading. Participants in the Affiliate Program receive fees subject to the first referral deposits.

3

FBS - Investment Programs

Investment Programs, Available Markets and Products of the Broker

FBS is the right company for those traders who prefer to trade manually and use expert advisors. However, the broker does not offer passive investment options other than trading robots. The company does not provide for the possibility of investing in PAMM accounts or automatic copying of trading operations of experienced traders. 

However, the lack of investment programs is more than offset by the abundance of trading instruments. Thus, FBS clients can trade currency pairs, including exotic currencies, trade indices, metals, and CFDs. In addition, the brokerage company offers quite lucrative affiliate programs. With their help, traders, as well as SEO specialists and influencers can easily generate additional income. There is also a program for novice businessmen.

FBS’s affiliate program

• Cooperation. This is a classic affiliate program that provides a reward for each attracted client. The amount of income from the affiliate program depends on the amount that the attracted client has deposited. There is also an option to receive a percentage of trades. FBS provides partners with convenient tools, including traffic analysis and promotional materials.

• CPA. This program is suitable for bloggers, SEO specialists, and marketers. By placing the broker's banners and advertising on its website page on a social network or YouTube channel, the affiliate earns income. Profit, as in the previous case, depends on the amount of the attracted client's deposit. FBS provides the affiliate with marketing tools for promotion and also allows consulting with a personal manager.

• Introducing Broker (IB). In this case, the affiliate opens a branch of the brokerage company and manages the business processes. The amount of income depends on individual conditions. The broker provides developmental support.

The terms of affiliate programs offered by the brokerage company allow you to choose the best option and form your own referral system, from which you can provide yourself a stable income.

4

FreshForex - Investment Programs

Investment Programs, Available Markets and Products of the Broker

The absence of the investment programs is a weakness of the FreshForex company. Previously, Fresh Forex provided an opportunity for passive investment up until 2016 but later closed it. At the moment, passive trading with this broker is possible only with the use of automatic advisers.

Flagman Invest is FreshForex investment platform that is now closed.

The main reason for the closure of the Flagman Invest platform was an in-depth analysis of the operation of PAMM services on the part of the company which showed that, in most cases, investors suffer losses.

The abandonment of the investment platform has made it possible for FreshForex to significantly minimize customer risks and make the bidding process as transparent as possible. Also, the level of security of trading operations has increased significantly.

Taking into account the situation that developed during the operation of the platform and taking into account the results that the company managed to achieve after its closure, this decision is a positive move for traders. and demonstrates the high level of responsibility that the company operates.  

FreshForex affiliate programs

 To make money with FreshForex, you do not have to be a trader. The company offers favorable partnership conditions that will help ensure passive income for each internet-user. FreshForex offers several affiliate programs:

• as a reward for attracting clients you can receive a part of the spread paid to the broker, and sometimes the whole spread; 

• Web-partnership - for the owners of blogs, sites, and active participants in various forums this is a profitable option without risk. All you need is to recommend the company at the right time, place a banner or give a link to a potential client; 

• CPS is a beneficial affiliate program offer. For each attracted customer who will be verified and make 50 transactions, the partner receives 50 US dollars;

• CPM - FreshForex pays for every 1,000 exposes to large resources. The owner only needs to place the broker's promotional material on his or her website or YouTube channel to receive up to 10 US dollars;

• for those who want to launch a personal brand at the market, the White Label will be a great opportunity. Within the framework of this program, FreshForex provides online trading services, as well as software. Due to this, the cost of bidding will be reduced significantly. Also, individual bonuses are provided.

5

Forex4you - Investment Programs

Investment Programs, Available Markets and Products of the Broker

Forex4you is the perfect broker for those who wish to combine active trading with passive investment. Technological platforms and best trading conditions allow to traders optimize the profitability of passive investments with minimal risks. PAMM accounts, social trading and diversified investment portfolios are the most popular services not only for investors, but also for traders who receive an additional commission with their help.

Share4you — a new way of copy trading

Share4you — fully automated copy trading platform that does not require downloading, knowledge or trading experience. The idea of this platform is that a trader conducting active trading gets into the broker rating. A potential investor selects a trader and joins his account. Trades are automatically copied to the investor's account. In case of a successful trading, the investor pays a predetermined commission from his profit to the trader.

• The number of traders that an investor can connect to is not limited. Thus, the investor can form his own investment diversified portfolio of many traders with strategies of different risk levels.

• An investor can at any time disconnect an account from a trader. This minimizes risks if it seems to the investor that the trader has started to conduct higher-risk trading or there is a possibility of loss.

• Instant copy speed. Copy trading speed on the Share4you platform is several milliseconds (ms), which is one of the highest rates on the market.

• Broker’s own risk assessment system.

Any person can be both an investor and a trader. The investor’s personal account displays the performance of copy trading and the average portfolio return. To become a trader, you just need to start trading - the account automatically gets into the rating with the assignment of a risk level. The higher the rate of return, the higher gets the position in the rating and the greater the chance to attract investors.

Forex4you affiliate program

Partnership programs provide the opportunity to earn additional income by inviting new active clients through a referral link. Forex4you offers the following partnership programs:

• The Affiliate. This is a three-tier partnership program for developing a sub- partner network. The reward is up to 50% of spread and fees of the first-tier clients, up to 16.7% - from the second-tier clients, and up to 5.6% - from the third-tier clients.

• The Agent. It is a one-tier program offering a reward up to 65% of each referral’s spread and fees.

• ProSTP MarkUp. This is a program with a flexible approach to the formation of the partner’s fee. The reward is $7-$15 per each standard full lot traded by a referral.

The broker offers comprehensive free informational and technical support including marketing materials, assistance in developing campaigns, landing pages, widgets, banners, etc.

What is a Good CFD Trading Provider for Beginners?

A good CFD trading provider for beginners should offer several features that can help new traders get started in CFD trading. Here are some of the things that a good CFD broker should offer:

Low Minimum Deposit

A good CFD trader provider for beginners should not have a high minimum deposit requirement. Trading CFDs involves a certain degree of risk, and it is vital that beginner traders are able to start trading without having to risk too much capital. Forex minimum deposit requirements enable them to practice trading on a live account with low risk and help them build their trading confidence.

Accounts for Beginners

A good CFD trading provider should offer demo, cent, and micro accounts for beginners. For instance, demo accounts allow traders to practice trading without risking real money. They should also offer cent and micro accounts that enable traders to open small positions with minimal capital while gaining real market experience. These account types are better suited for new traders who are just starting out and need to build their trading skills gradually.

Passive Income Options

A good CFD trading provider should also have passive income options available to its clients. Passive income options such as copy trading and PAMM accounts allow traders to earn extra income without having to actively manage their trades. This is an excellent option for beginner traders who may not have enough time to actively manage their trades but still want to earn additional income.

Advanced Educational Content

A good CFD trading provider should offer educational resources to help beginner traders learn the ropes. Advanced educational content such as webinars, tutorials, and online courses can help beginners learn trading strategies, understand risk management, and familiarize themselves with the trading platform. This can be a big help in building their confidence in their ability to trade and ultimately become successful traders.

By finding a CFD trading provider that offers low minimum deposit, accounts for beginners, passive income options, and advanced educational content, new traders can confidently enter the world of CFD trading and start to build their trading skills and experience.

Can I Make Money in CFD Trading as a Beginner?

Yes, it's possible to make money in CFD trading as a beginner, but it's not easy. It requires discipline and dedication to research and refine your skills. You need to have a robust trading plan that is regularly updated as you gain more experience. It's also essential to find the right broker who offers demo accounts with virtual funds so you can practice before investing real money. Trading CFDs involves risk, so it's best for experienced traders rather than beginners.

How To Start Trading CFDs Better

Trading CFDs can be a complex and risky undertaking, but with the right approach, you can improve your performance and increase your profitability over time. Here are some tips to help you trade CFDs effectively:

Learn the Fundamental Concepts

Before you start trading, it is essential to understand the fundamental concepts behind the CFD market. Understand the factors that drive market trends, the role of leverage, and how margin works. Learn about the difference between long and short positions and how to analyze market data to make informed trading decisions.

Practice on a Demo Account

Before you start trading with real money, practice on a demo account. This will enable you to test various trading strategies, familiarize yourself with the trading platform, and gain experience without risking your capital. Take advantage of the demo account to refine your approach and develop your trading skills.

Pay Attention to Risk Management

CFDs offer several advantages, such as the ability to leverage, which can increase your potential profits. However, keep in mind that it also carries potential risks. A sound risk management strategy is essential. To manage risks, you must set stop-loss orders and use moderate leverage. Proper risk management is critical for long-term success in CFD trading.

Use Technical Analysis

Technical analysis is a powerful tool that can help you predict market trends and make informed trading decisions. Learn about technical indicators such as moving averages, oscillators, and Bollinger bands, and understand how they work. Use charting software to analyze market data and identify trends, support, resistance levels, and price patterns that can provide valuable insights into market behavior.

Plan Your Trades and Stick to It

Develop a comprehensive trading plan that outlines your approach, risk management strategy, and exit criteria. By developing a detailed plan ahead of time, you can reduce the likelihood of making impulsive decisions based on emotions or speculation. Stick to your plan, and don't let your emotions govern your trading decisions. Consistency and discipline are critical components of successful CFD trading.

Can I Make Money in CFDs Without Large Investments?

Yes, you can make money with CFDs without having to make a large investment. Most CFD brokers have a low minimum deposit requirement, which means you can start trading with a small amount of money. The minimum deposit can range from $10-$200, depending on the broker. The reason why this is possible is that CFDs are traded on high leverage, which enables you to trade with a fraction of the trade's value as your initial margin deposit.

The maximum leverage ratio varies from broker to broker and the region of the world. For example, in the EU and the UK, the maximum leverage ratio for retail traders on CFD trades is capped at 1:33. However, professional clients can still have access to high leverage with additional requirements.

On the other hand, for offshore regulated entities, the maximum leverage ratio can rise to as high as 1:1000. Countries like Belize, Seychelles, and the Cayman Islands offer offshore regulation for CFD brokers, often with more relaxed regulations and a lower level of investor protection.