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Home ‣ Forex Guides Directory

Best Free Forex Trading Courses for 2024

Written by Steven Hatzakis
Fact-checked by Joey Shadeck
Edited by John Bringans

December 11, 2024

Steven Hatzakis has been reviewing forex brokers for nearly ten years and has 25+ years of experience as a forex trader. His broker reviews are unbiased and independent, and his expertise is sought after for global FX conferences and speaking events around the world. Learn more.

After testing and reviewing free forex courses for close to ten years, I’ve found that there’s no need to hunt down paid subscriptions from online course providers if you want to learn about how to trade forex.

My guide to the best free forex trading courses will help you confidently pick a broker that offers high-quality forex trading education, free of charge.

Best free forex trading courses

My review process at ForexBrokers.com includes hands-on testing, robust fact-checking, and thousands of hand-collected data points; here are the best free forex trading courses in 2024 offered by some of the best forex brokers from around the world:

5.0 Overall

Summary Review Pros/Cons

Best free forex education (IG Academy and DailyFx).

Minimum Deposit	£250.00
Trust Score	99
Tradeable Symbols (Total)	19537

IG offers excellent educational content across its websites, platforms, and DailyFX portal. Clients gain access to forex courses with accompanying quizzes and progress tracking as well as educational articles and videos from its IG Academy. IG even offers a mobile app dedicated exclusively to educational content. Read full review

Pros

Outstanding platforms and tools
Over 19,000 tradeable instruments
Competitive pricing

Cons

No predefined layouts on the flagship web platform
Limited product range on MT4

4.5 Overall

Summary Review Pros/Cons

Ava Academy (20+ courses, 145+ lessons, 45+ quizzes).

Minimum Deposit	$100
Trust Score	94
Tradeable Symbols (Total)	1260

AvaTrade provides an extensive selection of educational articles along with over 100 lessons and nearly 50 quizzes, helping it rank among the best in this category. AvaTrade has rebranded its SharpTrader educational program as part of its AvaAcademy forex course offering that features comprehensive educational content. Read full review

Pros

AvaOptions app is an excellent forex options mobile trading platform
Offers 44 forex options and over 1,200 CFDs

Cons

Pricing for retail accounts is average, but trails industry leaders
Desktop platform is slow to load, has outdated design

5.0 Overall

Summary Review Pros/Cons

Traders’ Academy has a vast library of finance-related courses.

Minimum Deposit	$0
Trust Score	99
Tradeable Symbols (Total)	8500

Interactive Brokers is a leading provider of educational courses for financial markets. As part of the broker’s IBKR Campus offering and the courses available within its Traders’ Academy, you’ll gain access to content arranged by experience level and spanning a wide variety of asset classes – including forex. IBKR also delivers finance-related courses on Coursera. Read full review

Pros

Robust platform for professional traders
Wide range of global markets
Thorough research offering

Cons

Trader Workstation platform is likely too complicated for inexperienced traders

5.0 Overall

Summary Review Pros/Cons

Trading Academy courses are organized by theme and experience level.

Minimum Deposit	$100
Trust Score	99
Tradeable Symbols (Total)	5500

FOREX.com’s educational courses include integrated progress tracking and quizzes (along with an overall self-assessment quiz). FOREX.com also holds regular webinars and offers an extensive library of archived content on its YouTube channel. Read full review

Pros

Multiple high-quality platforms
Excellent market research
Wide range of markets

Cons

Only about 600 instruments are available on the MT5 platform, compared to over 4,500 on non-MetaTrader platforms

4.5 Overall

Summary Review Pros/Cons

eToro Academy's revamped education includes courses, lessons, and quizzes.

Minimum Deposit	$50-$10,000
Trust Score	93
Tradeable Symbols (Total)	5461

eToro has made significant progress in building out its educational resources. The brokers’ eToro Academy features lessons and trading courses with both written and video content, along with quizzes to test your knowledge. Read full review

Pros

Large number of investors to copy
Extensive range of markets to trade
User-friendly platforms and app

Cons

No automated trading strategies
Stops, limits mandatory on trades
Research trails competitors

4.5 Overall

Summary Review Pros/Cons

Multiple courses and accompanying quizzes.

Minimum Deposit	$20 info
Trust Score	87
Tradeable Symbols (Total)	3007

Capital.com has revamped its educational offering with online forex courses that feature progress tracking and accompanying quizzes. Capital.com has also produced a mobile app, called Investmate, that is exclusively dedicated to forex and financial markets education. Read full review

Pros

High-quality educational articles and courses
Newsroom-grade research articles
Offers over 400 crypto CFDs

Cons

MetaTrader 5 not available
Respectable range of tradeable symbols, but fewer than industry leaders

5.0 Overall

Summary Review Pros/Cons

High-quality educational courses and interesting video series.

Minimum Deposit	£100.00
Trust Score	99
Tradeable Symbols (Total)	13500

City Index offers a robust archive of educational videos on its YouTube channel, as well as structured guides featuring material for beginners and intermediate forex traders. City Index produces two unique video series: Trading Academy and Celebrity Trader. These series feature an unconventional format that draws the eye. Read full review

Pros

Excellent platforms and mobile app
Extensive range of markets
High-quality market research

Cons

Pricing is average for the industry
Limited product range on MT4

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top picks for forex trading courses

IG - Best broker for free trading courses

Company	Overall Rating	Education	Mobile Trading	Minimum Deposit	Average Spread EUR/USD - Standard
IG				£250.00	0.98 info

IG delivers award-winning educational content across its websites, platforms, and DailyFX portal. I've been reviewing IG's products and services for more than eight years, and in that time IG has consistently ranked as my #1 choice for forex education. The educational resources available within the IG Academy include articles, videos, quizzes. IG also provides a dedicated mobile app for education and clients gain access to IG’s community of over 64,000 traders.

IG research education YouTube channel playlist

IG research videos market analysis YouTube playlist

IG daily fx educational course progress tracking

IG daily fx YouTube playlist advanced educational video

AvaTrade - AvaAcademy

Company	Overall Rating	Education	Mobile Trading	Minimum Deposit	Average Spread EUR/USD - Standard
AvaTrade				$100	0.93 info

AvaTrade rebranded its SharpTrader forex trading program as part of its AvaAcademy forex course offering, with comprehensive content and lessons. AvaTrade delivers an extensive selection of educational resources, including 20+ courses, 145+ lessons, and 45+ quizzes. AvaTrade’s educational videos cover a wide range of topics, and explore niche subjects like Donchian Channels (what they are, and how traders can use them). AvaTrade also uploads and archives video webinars on its YouTube and Vimeo channels, which help to round out its offering. Learn more by reading my AvaTrade review.

AvaTrade Academy educational courses overview.

AvaTrade webinars educational video detail.

AvaTrade Academy educational course video.

Interactive Brokers - Traders’ Academy

Company	Overall Rating	Education	Mobile Trading	Minimum Deposit	Average Spread EUR/USD - Standard
Interactive Brokers				$0	0.59 info

Interactive Brokers is a leading provider of educational courses for financial markets, and offers several dedicated resources for education, including its Traders' Academy portal, IBKR Quant blog, and IBKR Campus. The Traders' Academy portal effectively covers broader financial market sectors, with lessons and accompanying videos organized by experience level. It's worth noting that the primary focus of Interactive Brokers’ educational offering is the stock market (share trading) – not forex or CFDs (though the broker has developed a growing selection of forex-specific content). Check out my Interactive Brokers review to learn more.

Interactive Brokers IBKR YouTube Channel videos.

Interactive Brokers educational course videos

Interactive Brokers educational course quizzes

Interactive Brokers educational course overview

FOREX.com - Trading Academy

Company	Overall Rating	Education	Mobile Trading	Minimum Deposit	Average Spread EUR/USD - Standard
FOREX.com				$100	1.4 info

FOREX.com's greatly improved interactive educational offering features free forex forex courses with integrated progress tracking and quizzes (including an overall self-assessment quiz). What stands out most to me is the quality of the content and the effectiveness of integrated multimedia. For example, the included infographics are highly descriptive and complement the learning experience. FOREX.com also holds educational webinars and has an extensive library of archived content going back over a decade on its YouTube channel. Learn more by checking out my FOREX.com review.

FOREX.com research weekly webinars YouTube playlist.

FOREX.com Kalshi prediction markets partnership.

FOREX.com trading academy educational courses.

FOREX.com education video YouTube playlist

FOREX.com written lessons educational articles

FOREX.com written lessons educational articles progress tracking

FOREX.com written lessons educational articles quizzes

eToro - eToro Academy

Company	Overall Rating	Education	Mobile Trading	Minimum Deposit	Average Spread EUR/USD - Standard
eToro				$50-$10,000	1 info

The eToro Academy made a quantum leap in 2023 with an expansion of content across its forex training courses, dedicated guides, and educational modules. Coverage extends to multiple asset classes, including forex, stocks, crypto, and options trading. eToro's development of educational content also includes high-quality videos, such as its "Thematic Investing with ETFs" series in collaboration with iShares by BlackRock. Read my review of eToro to learn more.

eToro Conversations with leaders series research education video YouTube detail.

eToro Conversations with leaders series research education video YouTube.

Compare forex brokers with educational courses

Company	Overall Rating	Minimum Deposit	Education (Forex or CFDs)	Client Webinars	Client Webinars (Archived)	Videos - Beginner Trading Videos	Videos - Advanced Trading Videos	Investor Dictionary (Glossary)
IG		£250.00	Yes	Yes	Yes	Yes	Yes	Yes
AvaTrade		$100	Yes	Yes	Yes	Yes	Yes	Yes
Interactive Brokers		$0	Yes	Yes	Yes	Yes	Yes	Yes
FOREX.com		$100	Yes	Yes	Yes	Yes	Yes	Yes
eToro		$50-$10,000	Yes	Yes	Yes	Yes	Yes	Yes
Capital.com		$20 info	Yes	No	Yes	Yes	Yes	Yes
City Index		£100.00	Yes	Yes	Yes	Yes	Yes	Yes

FAQs

Are online forex trading classes worth it?

Yes, I've found that online forex classes can be worth your time (and, in some cases, your money), but not all trading classes share the same level of depth and quality. Also, not all forex courses are reputable. Make sure that you are using a highly rated education provider, and be wary of courses that disguise marketing materials as educational resources. These “courses” are generally designed to sell you something or entice you into an investment opportunity.

How much does a forex trading course cost?

Some third-party forex trading courses are free, while other “premium” courses might end up costing thousands of dollars. Fee structures tend to vary by providers; monthly fees, annual fees, and package or bundle deals are common. The cost (and quality) of these courses ultimately depend on the provider. It’s important to do your homework and ensure you are dealing with a reliable educator before choosing to pay for a forex trading course, especially given the growing variety and quality of free educational materials.

What is the best free forex class?

My top pick for the best free forex trading courses are included within IG's award-winning IG Academy. These courses are organized by experience level, accompanied by quizzes, and feature the ability to track your progress through the coursework. If you are looking for more educational content, IG's DailyFX program offers eight trading guides for beginners, five advanced guides, and written materials in a well-rounded, well-designed course. In my opinion, you won't find a better source of free forex educational classes than IG. Learn more by reading my IG review.

Can I teach myself forex trading?

Yes, you can teach yourself how to be a forex trader. There are no official forex trading certifications or designations; nearly every forex trader is self-taught, to a certain degree. That said, there are providers of forex educational resources that can accelerate your learning. Of course, it’s important to recognize that teaching yourself how to trade forex can take considerable time, effort, and money. There is no shortcut to making money as a forex trader and no single correct way to learn how to trade forex.

Final Thoughts

My recommendation for beginner forex traders who are brand new to trading and investing is to explore free educational content from trusted online forex brokers before deciding whether a paid third-party course is right for you. Most forex trading courses provided by forex brokers will cover the core concepts and fundamental theories of forex trading, and will usually help you develop your own trading plan.

It’s important to remember that trading and investing can be a life-long journey. The key to long-term success is to develop a solid foundation of knowledge and to create sustainable, manageable trading habits.

Our testing

Why you should trust us

Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.

How we tested

At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:

For Apple, we use MacBook Pro laptops running macOS 14.5, and the iPhone XS running iOS 17.6.
For Android, we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 14.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.

ForexBrokers.com 2024 Overall Rankings

Now that you've seen my favorite forex educational courses, check out the ForexBrokers.com 2024 Overall Rankings. We've evaluated over 60 of the top forex brokers, using a testing methodology that's based on 100+ data-driven variables and thousands of data points. Check out our full-length, in-depth forex broker reviews.

Overall rankings table

Company	Overall Rating	Offering of Investments	Commissions & Fees	Platform & Tools	Research	Education	Mobile Trading	Trust Score
IG								99
Interactive Brokers								99
Saxo								99
CMC Markets								99
FOREX.com								99
Charles Schwab								99
City Index								99
XTB								96
eToro								93
Capital.com								87
Swissquote								99
AvaTrade								94
Plus500								99
FXCM								95
OANDA								93
Pepperstone								95
XM Group								88
Admirals								93
FP Markets								87
Tickmill								86
IC Markets								84
FxPro								90
Markets.com								93
FinecoBank								94
BlackBull Markets								78
Vantage								90
ThinkMarkets								92
HYCM (Henyep Capital Markets)								86
HFM								86
DooPrime								83
Questrade								86
ActivTrades								81
Trading 212								79
BDSwiss								76
Trade Nation								85
TMGM								83
Eightcap								85
Moneta Markets								72
Spreadex								71
MultiBank								84
Exness								81
ACY Securities								75
easyMarkets								80
RoboForex								73
VT Markets								70
Octa								70
IronFX								83
IFC Markets								73
Trade360								76
Axi								82
TeleTrade								71
iFOREX								75
FXOpen								76
FXPrimus								71
Xtrade								74
Forex4you								61
GBE brokers								71
Alpari								68
TopFX								67
Libertex (Forex Club)								73
LegacyFX								67
FXGT.com								69
ATFX								85

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About the Editorial Team

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck is a Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

John Bringans is the Managing Editor at ForexBrokers.com. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

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