Intro and winners
To find the best online brokers for beginners in Egypt in 2022, we went ahead and did the research for you. We conducted interviews with newcomers who had little to zero trading experience trading. We tested 103 brokers, of which 3 made it to the top. Let's see the winners!
The best online brokers for beginners in Egypt in 2022 are:
- eToro - the best broker for beginners in Egypt in 2022. Free stock and ETF trading. Seamless account opening. Social trading.
- EasyEquities is our runner-up. Low trading fees and non-trading fees. Excellent educational materials. Easy and fully digital account opening.
- Swissquote placed third. Access to many markets and products. No inactivity fee. Rock-solid background.
Best brokers for beginners
The essence
eToro is our winner, the best broker for beginners in 2022. It is the best broker available in your country that is best fit for beginner needs. Beginner traders need an easy to use mobile trading platform, good educational material and trasparent, low fees.
All the other brokers in the top five are considered great choices as well. Pick any of them and take the next step in your investment journey. Let us know what you think in the comments section.
What makes a great broker for beginners? Two things above all: low fees and an excellent mobile trading platform.The service should fit your needs and make everything easy. It should also offer great educational tools, like a demo account or learning material. All that is easy to list, but hard to figure out. That's why we are testing trading platforms based on nearly 500 criteria, using real brokerage accounts and real money.
Now let’s look at the key details for the best trading platforms for beginners in 2022 along the most important parameters!
Not sure which broker is best for you? For a tailored recommendation, check out our broker finder tool. You can enter your country and it will narrow down the list of brokers to those that are available where you live. Want more details? Compare brokers with the help of our in-depth comparison tool.
Fees at the best brokers for beginners
eToro | EasyEquities | Swissquote | |
---|---|---|---|
US stock | $0.0 | $5.0 | $25.0 |
UK stock | $0.0 | - | $35.0 |
All commissions are for opening a position, holding for a week, and closing.
Non-trading fees at the best brokers for beginners
eToro | EasyEquities | Swissquote | |
---|---|---|---|
Account fee | No | No | No |
Inactivity fee | Yes | No | No |
Withdrawal fee | $5 | $0 | $10 |
Minimum deposit and fee score at the best brokers for beginners
Broker | Info | Fees score | Minimum deposit | |
---|---|---|---|---|
#1 | eToro | Global social trading broker | 4.4 stars | $10 |
#2 | EasyEquities | South African stockbroker | 4.4 stars | $0 |
#3 | Swissquote | Swiss investment bank | 2.4 stars | $0 |
Platform comparison for best brokers for beginners
eToro | EasyEquities | Swissquote | |
---|---|---|---|
Mobile platform score | 4.7 stars | 4.1 stars | 4.7 stars |
Web platform score | 4.4 stars | 3.3 stars | 4.3 stars |
Overall scores for the top recommended brokers for beginners in 2022
eToro | EasyEquities | Swissquote | |
---|---|---|---|
Fees score | 4.4 stars | 4.4 stars | 2.4 stars |
Mobile platform score | 4.7 stars | 4.1 stars | 4.7 stars |
Education score | 4.8 stars | 5.0 stars | 5.0 stars |
Customer service score | 1.5 stars | 0.5 stars | 4.4 stars |
Deposit and withdrawal score | 3.9 stars | 3.6 stars | 4.6 stars |
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Not sure which broker is best for you? For a tailored recommendation, check out our broker finder tool. You can enter your country and it will narrow down the list of brokers to those that are available where you live. Want more details? Compare brokers with the help of our in-depth comparison tool.
And now, let's see in detail the best online brokers for beginners in 2022 one by one:
eToro is a well-known Israeli fintech company and a social trading broker, established in 2007.
Check out our eToro review tailored to the needs of beginner investors and traders.
eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC)-regulated entity. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).
eToro is not listed on any stock exchange, does not disclose its annual report on its website and does not have a bank parent.
Being regulated by the top-tier FCA and ASIC is a good sign for eToro's safety.
HEADS UP: Minimum deposit based on residency and account activation – Be sure to check the minimum deposit that is required to activate your account. After uploading your documents, a deposit is also needed in order to make trades. The amount of the deposit required is based on your residency, and ranges from $10 to $10,000. More details are available in the review’s Account opening section.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
#1 eToro
Mobile trading platform
eToro's mobile platform is well-designed, intuitive and considered safe thanks to the two-step and biometric login functions.
Pros | Cons |
---|---|
• Two-step (safer) login | None |
• Good search function | |
• Touch/Face ID login |

#1 eToro
Fees
eToro offers free stock and ETF trading, while forex and CFD fees are low. On the negative side, non-trading fees are high, including a $5 withdrawal fee.
Pros | Cons |
---|---|
• Low trading fees | • Inactivity fee |
• Free stock and ETF trading | • $5 withdrawal fee |
• Low forex and CFD fees |
#1 eToro
Education
eToro has various educational tools available in different formats, but the overall quality is mediocre.
Pros | Cons |
---|---|
• Demo account | • Overall quality could be better |
• Trading platform tutorial | |
• Educational videos |

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EasyEquities is a South African stockbroker founded in 2014. EasyEquities is regulated by South Africa's Financial Sector Conduct Authority (FSCA) and the Australian Securities and Investments Commission (ASIC). EasyEquities is part of the Purple Group, which is listed on the Johannesburg Stock Exchange.
EasyEquities is considered safe because it is regulated by the top-tier ASIC and its parent company is listed on an exchange.
#2 EasyEquities
Mobile trading platform
The EasyEquities mobile trading platform is user-friendly, has a good search function and offers price alerts. On the negative side, order types and login options are limited.
Pros | Cons |
---|---|
• User-friendly | • No two-step (safer) login |
• Good search function | • Limited order types |
• Price alerts | • No Touch/Face ID login |

#2 EasyEquities
Fees
EasyEquities has low South African stock and ETF fees, and there's also no fee for inactivity or withdrawal. However, it charges a fee for credit/debit card deposit.
Pros | Cons |
---|---|
• Low trading fees | • Deposit fee for credit/debit cards |
• Low non-trading fees | |
• Low stock and ETF fees |
#2 EasyEquities
Education
EasyEquities has great educational materials. You can use demo accounts, participate in webinars, watch educational videos and read quality texts.
Pros | Cons |
---|---|
• Demo account | None |
• Trading platform tutorial | |
• Educational videos | |
• Quality educational texts |

Swissquote is a Swiss investment bank established in 1996. It has three main trading entities:
- Swissquote Bank - it provides all asset classes, including stocks and ETFs. This entity is based in Switzerland and has multiple regulations, including the top-tier Swiss Financial Market Supervisory Authority (FINMA).
- Swissquote Bank Europe - it provides stocks, ETFs, funds, cryptos, forex, and CFD trading. This entity is based in Luxembourg and is regulated by the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's regulator.
- Swissquote LTD - it provides CFD and forex trading. The entity is based in the UK and regulated by the Financial Conduct Authority (FCA).
The fact that Swissquote Bank Ltd has a banking license, is listed on the Swiss stock exchange, discloses detailed financials regularly, and has a long track record are all great signs with respect to Swissquote's safety.
In this review, we focus mainly on the Swiss entity, sometimes referred to as "Swissquote Bank (CH)" and we will refer to the Luxembourg and UK-based entities as "Swissquote Europe (LUX)" and "Swissquote LTD (UK)", respectively.
#3 Swissquote
Mobile trading platform
Swissquote's eTrading has a user-friendly and well-designed mobile trading platform. The search function is simple, although sometimes the results are organized a bit strangely, similarly to the web platform.
Pros | Cons |
---|---|
• User-friendly | • No advanced search filters |
• Good search function | |
• Price alerts |

#3 Swissquote
Fees
Swissquote charges no inactivity fee and you can trade an impressive selection of funds for favorable fees. On the other hand, trading fees are generally high, including stock and ETF fees, and withdrawing money comes with a price tag.
Pros | Cons |
---|---|
• Low fund fees | • High stock and ETF fees |
• No inactivity fee | • High bond fees |
#3 Swissquote
Education
Swissquote provides easy-to-understand and professional educational videos, ebooks, webinars and tutorials.
Pros | Cons |
---|---|
• Demo account | None |
• Trading platform tutorial | |
• Educational videos |

Best brokers for beginners
What makes a great broker for beginners
Now you know which are the best brokers for beginners. Curious how we assembled this list? Let's go through two points in a bit more detail: whether these brokers are reliable, and what criteria we looked at as we compiled the list.
Are these brokers reliable?
You can be sure none of the brokers in our top list is a scam. They are all regulated by at least one top-tier authority. Some of them are also listed on a stock exchange, and some have a banking background, which all add an extra layer of security.
How did BrokerChooser pick the best brokers for beginners?
Here at BrokerChooser, we test online brokers along nearly 500 criteria, using real accounts and real money. We don't want to overwhelm you, so we'll list only the three most important criteria we used to identify the best brokers for beginners:
1. Fees | The overall cost of a typical trade can be 10-15 times higher at one broker than at another. So it pays to take a close look at fees. |
2. Mobile trading platform | A user-friendly and well-equipped trading platform can significantly increase your comfort with trading. |
3. Education | Are you unfamiliar with concepts like spread or leverage? Good educational tools can help you understand the basics of trading. |
Best brokers for beginners
Glossary
Here is a glossary to help you with some terms in our review:
Inactivity fee: a fee that is charged when a customer has not done any buying or selling on their brokerage account for a specific amount of time determined by the brokerage.
Withdrawal fee: an amount you need to pay when you withdraw money from your trading account to your bank account.
Deposit fee: this is charged when you send money to your trading account at an online broker. The fee may differ depending on the method of transfer (i.e. bank card, bank transfer, e-wallets, etc.).
Regulators: these are official bodies established by governments or other organizations to oversee the functioning and fairness of financial markets, including markets, exchanges and firms. They also oversee that investors are not fooled by scams, and in case of wrongdoing, they try to provide some level of financial and legal backing.
Investor protection: this means that up to a certain limit, you get your money back if the broker goes into bankruptcy or commits fraud.
Non-trading fees: charges not directly related to trading, such as deposit/withdrawal fees or inactivity fees.
Trading fees: these are charged when you trade; for instance, in the form of a commission, spreads, financing rates, margin rates or a conversion fee.
Still sounds confusing? You can dive into our broader glossary explaining all the exotic terms of the financial world. We also have a forex trading glossary dedicated to terms specifically related to forex trading.
Best brokers for beginners
Start your learning
If you are a beginner, the best way to set off on your investment journey is by learning. Don't know where to start? Check out our education page, where you can find a lot of useful learning materials.
Learn about the pros and cons of investing your money on your own, or about the difference between trading and investing. You can also take a look at this article on account opening if you want to learn how to open a trading account.
For beginner buy-and-hold investors, we recommend reading our how to buy shares and how to buy ETFs articles.
For beginners who want to learn to trade, we can offer even more. A former professional trader explains how to become a trader. Many beginner traders start with forex trading. If you don't know anything about this topic, start with our forex primer article.
Still unsure which broker to choose? Use our broker finder tool to find the best broker for you, or learn more about investing your money.
Best brokers for beginners
FAQ
Which broker should I use as a beginner?
Low fees and an excellent mobile platform make a broker great for beginners. Beginners can also benefit greatly if a broker has excellent educational material, and tools, such as a demo account. The best way to start your journey in the world of investing is by learning. We provide a great starting point on our education page, where you can find a lot of useful learning materials. Here we give you some tips on how to start investing. To find the best online broker for your level of expertise and risk-tolerance, use our find my broker tool.
Which broker should I use as a beginner?
Low fees and an excellent mobile platform make a broker great for beginners. Beginners can also benefit greatly if a broker has excellent educational material, and tools, such as a demo account. The best way to start your journey in the world of investing is by learning. We provide a great starting point on our education page, where you can find a lot of useful learning materials. Here we give you some tips on how to start investing. To find the best online broker for your level of expertise and risk-tolerance, use our find my broker tool.
Where should a beginner invest in stocks?
Before you make stock investments, you should draw up a plan, which involves several basic questions you ought to think about, such as what is your objective, how much time do you want to spend investing and what level of risk you want to take. For beginners, one of the best ways to to starting investing in stocks is choosing an index fund or stock mutual funds, which are an easy and low-cost way to tip your toe into the stock market. We put together a guide on how to start investing in stocks, and how to buy shares online. We explicitly guide you through how to invest in stocks. We also give you tips on how much you should invest when you are starting out. You can also browse through our top recommendations for best trading platforms for stocks.
Is trading gambling?
Trading is not gambling, although some poeple might treat it like that, but they will learn quickly that gamblers lose their money. The goal of a trader is to make predictions that will be as accurate as possible to make money, while gamblers can't predict anything, they bet. People who trade for the thrill of it, or because they want to prove something, or can’t accept losing on the market from time to time, and don’t have a plan or consistency, are trading in a gambling style. New online trading apps have recently come under the spotlight for bringing a gambling aspect into trading. The gamification of trading, with easy-to-use online platforms, little education for retail traders and the social pressure of ‘FOMO’ also contribute to a gambling attitude on the market. Serious traders should consider their objectives, their attitudes to risk, and carefully devise an investment strategy when entering a market.
Is trading hard to learn?
Trading is not diffficult to learn if you invest enough time and energy into it. But that is a big if. Plenty of people trade, but the more time you spend studying trading, the more you practice, - as with everything else -, the better results you can expect. Knowing yourself, your attitude to risk-taking, and being patient and disciplined are also crucial factors if you want to be successful. Keep a cool head, don’t look for easy money, commit to studying trading and always have a trading plan. Our aim is to make personal investing as clear and accessible for you, as possible. Our educational page is a good starting point. You can also learn from our expert traders about the difference between investing and trading, and learn here about how to become a trader. You can also learn about different investment strategies from us.