Best forex brokers for beginners in Cuba in 2022

Capital.com
4.7
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79.17% of retail CFD accounts lose money
XTB
4.8
Visit broker
76% of retail CFD accounts lose money
ActivTrades
4.6
Visit broker
65% of retail CFD accounts lose money
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Best forex brokers for beginners in Cuba in 2022
Capital.com logo
XTB logo
ActivTrades logo
AvaTrade logo
Trade Nation logo

To help you find the best forex brokers for beginners in Cuba in 2022, we first looked at 101 online brokers; then we checked and compared their fees, currency pair selection, charting tools and educational materials.

Our top 5 picks for the best forex brokers for beginners in Cuba in 2022:

  1. Capital.com is the winner, the best forex broker for beginners in Cuba in 2022. Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.
  2. XTB takes second place. Low forex CFD fees, commission-free stocks/ETFs for some. Free and fast deposit and withdrawal. Easy and fast account opening.
  3. ActivTrades rounds out the top three. Low trading fees. Excellent account opening. Free deposit and withdrawal.
  4. AvaTrade is ranked fourth. Easy and fast account opening. Free deposit and withdrawal options. Great research tools.
  5. Trade Nation just made it on the list, taking the number five spot. Free deposit and withdrawal. Excellent research and education tools. Good customer support.
Best forex brokers for beginners in 2022 for Cuban citizens
Broker Info Minimum deposit Forex fee score
#1 Capital.com Global CFD broker $20 3.7 stars
#2 XTB Global CFD broker $0 3.9 stars
#3 ActivTrades Global CFD and forex broker $500 4.2 stars
#4 AvaTrade Global CFD and forex broker $100 3.1 stars
#5 Trade Nation Global forex and CFD broker $0 2.4 stars

What makes a top forex broker for beginners?

  • First of all, fair forex fees.
  • A lot of currency pairs.
  • A great platform with advanced charting.
  • Educational tools to guide you through the basics of trading.


If you're a beginner, be careful with forex trading as forex products are complex and risky, therefore not suitable for everyone. You can easily lose all your invested money. If you don't know how forex trading works, take a look at our forex education articles.

If you feel a bit more comfortable with forex trading, we suggest you also check out our overall list of the best forex brokers.

And now, let's see the top forex brokers for beginners in 2022 for Cuban citizens one by one, starting with the winner, Capital.com.

Capital.com Logo

#1 Best forex brokers for beginners
Capital.com

4.7

Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, Seychelles and Gibraltar where each is authorized and regulated locally respectively by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.17% 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.

Recommended for investors and cfd traders looking for a great trading platform and excellent customer service

Visit broker
79.17% of retail CFD accounts lose money

#1 Capital.com
Fees

Capital.com has low fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

Capital.com trading fees
Capital.com XTB ActivTrades AvaTrade Trade Nation
EURUSD benchmark fee $8.7 $8.3 $6.9 $10.3 $13.1
GBPUSD benchmark fee $6.6 $5.8 $4.9 $9.0 $10.9
AUDUSD benchmark fee $6.1 $7.0 $6.7 $10.0 $11.4
EURCHF benchmark fee $9.6 $6.1 $5.1 $10.2 $11.2
EURGBP benchmark fee $10.9 $9.7 $8.7 $12.1 $13.3

All spreads, commissions and financing rates for opening a position, holding for a week and closing.

Capital.com non-trading fees
Capital.com XTB ActivTrades AvaTrade Trade Nation
Account fee No No No No No
Inactivity fee No Yes Yes Yes No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
79.17% of retail CFD accounts lose money

#1 Capital.com
Markets and products

Capital.com gives access to 138 currency pairs.
Capital.com currency pairs
Capital.com XTB ActivTrades AvaTrade Trade Nation
Currency pairs (#) 138 57 49 55 39

Visit broker More
79.17% of retail CFD accounts lose money

XTB Logo

#2 Best forex brokers for beginners
XTB

4.8

XTB is a global CFD broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to regularly disclose its financials.

XTB is considered safe because it has a long track record, is listed on a stock exchange and publishes its financial statements transparently.

HEADS UP: Recent feedback about deposit & withdrawal - The details of a wire transfer deposit might be unclear for some of our users according to recent feedback we received. If you have problems, head to the Deposit and withdrawal section of the review, where we explain how to do a free wire deposit to your XTB account under the 'Deposit and fees and options' heading.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

Visit broker
76% of retail CFD accounts lose money

#2 XTB
Fees

XTB has low fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

XTB trading fees
Capital.com XTB ActivTrades AvaTrade Trade Nation
EURUSD benchmark fee $8.7 $8.3 $6.9 $10.3 $13.1
GBPUSD benchmark fee $6.6 $5.8 $4.9 $9.0 $10.9
AUDUSD benchmark fee $6.1 $7.0 $6.7 $10.0 $11.4
EURCHF benchmark fee $9.6 $6.1 $5.1 $10.2 $11.2
EURGBP benchmark fee $10.9 $9.7 $8.7 $12.1 $13.3

All spreads, commissions and financing rates for opening a position, holding for a week and closing.

XTB non-trading fees
Capital.com XTB ActivTrades AvaTrade Trade Nation
Account fee No No No No No
Inactivity fee No Yes Yes Yes No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
76% of retail CFD accounts lose money

#2 XTB
Markets and products

XTB gives access to 57 currency pairs.
XTB currency pairs
Capital.com XTB ActivTrades AvaTrade Trade Nation
Currency pairs (#) 138 57 49 55 39

Visit broker More
76% of retail CFD accounts lose money

ActivTrades Logo

#3 Best forex brokers for beginners
ActivTrades

4.6

ActivTrades is a global forex broker founded in 2001. It is regulated by the UK's Financial Conduct Authority (FCA) and Commission de Surveillance du Secteur Financier (CSSF)

ActivTrades is considered safe because it has a long track record and it is regulated by the FCA, a top-tier financial authority.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% 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.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal conditions

Visit broker
65% of retail CFD accounts lose money

#3 ActivTrades
Fees

ActivTrades has low fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

ActivTrades trading fees
Capital.com XTB ActivTrades AvaTrade Trade Nation
EURUSD benchmark fee $8.7 $8.3 $6.9 $10.3 $13.1
GBPUSD benchmark fee $6.6 $5.8 $4.9 $9.0 $10.9
AUDUSD benchmark fee $6.1 $7.0 $6.7 $10.0 $11.4
EURCHF benchmark fee $9.6 $6.1 $5.1 $10.2 $11.2
EURGBP benchmark fee $10.9 $9.7 $8.7 $12.1 $13.3

All spreads, commissions and financing rates for opening a position, holding for a week and closing.

ActivTrades non-trading fees
Capital.com XTB ActivTrades AvaTrade Trade Nation
Account fee No No No No No
Inactivity fee No Yes Yes Yes No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
65% of retail CFD accounts lose money

#3 ActivTrades
Markets and products

ActivTrades gives access to 49 currency pairs.
ActivTrades currency pairs
Capital.com XTB ActivTrades AvaTrade Trade Nation
Currency pairs (#) 138 57 49 55 39

Visit broker More
65% of retail CFD accounts lose money

AvaTrade Logo

#4 Best forex brokers for beginners
AvaTrade

4.5

AvaTrade is a global CFD and forex broker founded in 2006. It is regulated by several financial authorities, such as the Central Bank of Ireland.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.

Recommended for forex and cfd traders looking for an option to use metatrader platforms

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71% of retail CFD accounts lose money

#4 AvaTrade
Fees

AvaTrade has average fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

AvaTrade trading fees
Capital.com XTB ActivTrades AvaTrade Trade Nation
EURUSD benchmark fee $8.7 $8.3 $6.9 $10.3 $13.1
GBPUSD benchmark fee $6.6 $5.8 $4.9 $9.0 $10.9
AUDUSD benchmark fee $6.1 $7.0 $6.7 $10.0 $11.4
EURCHF benchmark fee $9.6 $6.1 $5.1 $10.2 $11.2
EURGBP benchmark fee $10.9 $9.7 $8.7 $12.1 $13.3

All spreads, commissions and financing rates for opening a position, holding for a week and closing.

AvaTrade non-trading fees
Capital.com XTB ActivTrades AvaTrade Trade Nation
Account fee No No No No No
Inactivity fee No Yes Yes Yes No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
71% of retail CFD accounts lose money

#4 AvaTrade
Markets and products

AvaTrade gives access to 55 currency pairs.
AvaTrade currency pairs
Capital.com XTB ActivTrades AvaTrade Trade Nation
Currency pairs (#) 138 57 49 55 39

Visit broker More
71% of retail CFD accounts lose money

Trade Nation Logo

#5 Best forex brokers for beginners
Trade Nation

4.4

Trade Nation is a global forex and CFD broker that was founded in 2014. It is regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC), the Financial Sector Conduct Authority Commission (FSCA), and the Securities Commission of the Bahamas (SCB).

Trade Nation is considered safe because it is regulated by several top-tier financial authorities.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.9% 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.

Recommended for spread, forex and cfd traders looking for a great trading platform and quality customer service

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81.3% of retail CFD accounts lose money

#5 Trade Nation
Fees

Trade Nation has high fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

Trade Nation trading fees
Capital.com XTB ActivTrades AvaTrade Trade Nation
EURUSD benchmark fee $8.7 $8.3 $6.9 $10.3 $13.1
GBPUSD benchmark fee $6.6 $5.8 $4.9 $9.0 $10.9
AUDUSD benchmark fee $6.1 $7.0 $6.7 $10.0 $11.4
EURCHF benchmark fee $9.6 $6.1 $5.1 $10.2 $11.2
EURGBP benchmark fee $10.9 $9.7 $8.7 $12.1 $13.3

All spreads, commissions and financing rates for opening a position, holding for a week and closing.

Trade Nation non-trading fees
Capital.com XTB ActivTrades AvaTrade Trade Nation
Account fee No No No No No
Inactivity fee No Yes Yes Yes No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More
81.3% of retail CFD accounts lose money

#5 Trade Nation
Markets and products

Trade Nation gives access to 39 currency pairs.
Trade Nation currency pairs
Capital.com XTB ActivTrades AvaTrade Trade Nation
Currency pairs (#) 138 57 49 55 39

Visit broker More
81.3% of retail CFD accounts lose money

Best forex brokers for beginners
Forex broker fees

Forex brokers can charge commissions, spreads and financing fees.

When it comes to commissions, there are two different fee structures forex brokers normally use:

  1. All trading fees are included in the spread except the financing rate. Basically, think of it as the broker giving you a wider spread than it gets from the market.
  2. You get the market spread, but you pay a commission based on the traded amount. This model is usually used by ECN brokers.

The second version is more transparent, but this doesn't always mean it's more expensive.

When you trade forex on leverage and hold your position overnight, a fee will be charged. This is called financing cost. Financing costs change daily, and can add up if you hold your positions for a longer period.

Best forex brokers for beginners
Bottom line

You saw the details, now let's zoom out. Here are the top forex brokers for beginners in 2022 for citizens in Cuba:

Top forex brokers for beginners in 2022 for Cuban citizens
Capital.com XTB ActivTrades AvaTrade Trade Nation
Fees score 4.4 stars 4.4 stars 4.5 stars 3.8 stars 3.8 stars
Markets and products score 3.1 stars 2.9 stars 1.5 stars 2.3 stars 1.5 stars
Education score 5.0 stars 5.0 stars 5.0 stars 5.0 stars 5.0 stars
Charting quality High High High High High
Visit broker
79.17% of retail CFD accounts lose money
Visit broker
76% of retail CFD accounts lose money
Visit broker
65% of retail CFD accounts lose money
Visit broker
71% of retail CFD accounts lose money
Visit broker
81.3% of retail CFD accounts lose money

Capital.com is our winner, the best forex broker for beginners for Cuban citizens in 2022. Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.

If you know enough about forex trading and are comfortable with possible risks, pick your favourite and take the next step in your trading journey. Let us know what you think in the comments section.

Still unsure? Use our broker finder to pick the best broker for you.

Author of this article

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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Comments

Visit Capital.com
79.17% of retail CFD accounts lose money
Visit XTB
76% of retail CFD accounts lose money
Visit ActivTrades
65% of retail CFD accounts lose money
Visit AvaTrade
71% of retail CFD accounts lose money
Visit Trade Nation
81.3% of retail CFD accounts lose money
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