BabyPips Review: What Is Free and What Premium Costs

BabyPips is one of the best known free places to learn forex, but it is no longer free from start to finish. Its School of Pipsology now has 11 courses, and only the first five are open without a subscription. The rest sits behind BabyPips Premium, which advertises no free trial and, under its published policy, gives no refunds for unused time.

We are not customers and we did not buy Premium. The facts below come from the BabyPips pages for About, Premium, the Premium FAQ and the course overview, as checked by hand on 12 November 2026. Prices are the ones BabyPips shows to a visitor from Germany. We have no business relationship with BabyPips.

BabyPips in 30 seconds

• What: a forex and markets education website, online since 2005, with courses, quizzes, a forum and free calculators.
• Courses: the School of Pipsology has 11 courses and 463 lessons. The first five courses are free.
• Premium: from Germany, €29 a month, or €17 a month billed as €204 a year.
• Refunds: none for unused time under BabyPips’ published policy, on the monthly and the annual plan. Plans renew until you cancel.
• Not a broker: you cannot trade on BabyPips, and Premium gives no exact entry or exit prices.

What is BabyPips?

BabyPips is an English-language education website that teaches currency trading and, increasingly, the global markets behind it.

The scope has grown beyond forex. The About page says BabyPips covers currencies, global macro and financial markets, and that the School of Pipsology has helped “millions of traders since 2005”. The menu now also has sections for crypto, prop firms and MarketMilk, its market analysis tool.

The tone is deliberately anti-hype. The About page says BabyPips does not sell “hot tips” and wants to help beginners avoid blowing up their accounts. Its stated first rule of trading is to survive and trade another day. That fits the risk-first approach we teach in our own guide to learning trading.

School of Pipsology: 11 courses, 5 of them free

The School of Pipsology is the core of BabyPips: one course path from complete beginner to graduation. The course overview counts 463 lessons in 11 courses. From the sixth course, High School, every course card carries a Premium label.

Courses 7 to 10 run under the heading Undergraduate. The main topics in the table come from the course outlines as we read them on 23 August 2026; the course order and the Premium labels were checked again on 12 November 2026.

Course	Main topics	Access
Preschool	what forex is, margin	free
Kindergarten	brokers, types of analysis, chart types	free
Elementary	support, resistance, candlesticks	free
Middle School	oscillators, chart patterns, pivot points	free
Summer School	Heikin Ashi, Elliott waves, divergence	free
High School	price action, breakouts	Premium
Freshman	central banks, economic data, sentiment	Premium
Sophomore	dollar index, intermarket analysis	Premium
Junior	trading plan, trading system, journal	Premium
Senior	risk, stops, position size	Premium
Graduation	prop firms, scams, common mistakes	Premium

Do not read the progress gauge as a count of free lessons. The overview shows a meter with a number such as “168 of 463”, but it is a sample: it asks you to sign in to track your own progress. The pages we checked do not show how many of the 463 lessons are free, so we only say which courses are free.

Monthly and annual Premium differ in how you move through the course. According to the Premium page, annual subscribers can open lessons in any order and quizzes are optional. Monthly subscribers must pass the required quizzes to advance.

BabyPips Premium: price and what you get

Premium unlocks the full course plus analysis content, and from Germany it costs €29 a month or €204 a year. Both plans renew automatically until you cancel, and the Premium page shows only paid plans, with no free trial advertised there.

Plan	Price shown from Germany	Billed
Annual	€17 per month	€204 per year
Monthly	€29 per month	€29 per month

Prices as shown to a visitor from Germany on 12 November 2026. Visitors from other countries may see another currency on the Premium page.

The Premium FAQ lists what is included. You get the whole School of Pipsology, short-term strategy watchlists for FX, equity indices, gold, oil and crypto, guides for high-impact economic events, weekly market recaps and macro reviews, unlimited MarketMilk and partner discounts. Payment works by credit card, Google Pay or Apple Pay.

“Ad-free” has a narrow meaning. The FAQ says Premium removes third-party banner ads, but you may still see in-house promotions and sponsored articles. The partner discounts are advertising too, for example a trading credit from Trading.com and a discount on the TradeZella journal.

Premium is not a signal service. The FAQ says it offers analysis and trade ideas, but no specific entry and exit prices. If you want to learn to set those yourself, our guides on position sizing and the stop-loss order cover the basics.

Cancellation and refunds

BabyPips’ published policy gives no money back for unused time, on either plan. The FAQ says you can cancel online at any time. The cancellation takes effect at the end of the current billing period, and you keep access until then.

That makes the annual plan a full-year commitment. If you pay €204 and cancel after two months, the policy gives no partial refund. This describes BabyPips’ own terms, not your statutory rights, which depend on where you live. Cancelling Premium does not delete your free BabyPips account.

Check this before you pay for any course. Refund and cancellation terms differ a lot between providers. Our guide to comparing trading courses lists what to look at, including the access period and total cost.

Free tools and community

The free tools are the second reason people use BabyPips. The site footer lists an economic calendar, a position size calculator, a pip value calculator, a pivot point calculator, a currency strength meter, a currency correlation calculator and a risk-on/risk-off meter.

The Premium page marks three things as free for everyone. These are the economic calendar, access to the trading tools and the trading forums. If you want the background to the calendar, read our economic calendar guide.

A calculator gives you a number, not a judgement. The tools are quick to use, but you still need to know what the result means for your own account size and risk per trade. That is a skill, not a setting.

Pros and cons of BabyPips

Pros

• The five free courses give a structured start, from what forex is to support, resistance and candlesticks.
• A clear course path with quizzes, not a loose collection of articles.
• Useful free calculators and an economic calendar.
• An anti-hype tone that warns about leverage and easy-money promises.

Cons

• Only five of 11 courses are free; the dedicated courses on risk, stops and position size and on the trading plan need Premium.
• No free trial advertised, and no refund for unused time, even on the annual plan.
• Ads on the free pages, and sponsored content even with Premium.
• The full course is in English, and the site is still forex-first even as the scope grows.

Who BabyPips suits

BabyPips suits beginners who read English and want a structured, free first step into forex. Working through the five free courses teaches you the vocabulary of the market, what leverage does and how support and resistance are read. That is a solid base.

The paid part holds the courses that keep traders in the game. Based on the course outlines, the dedicated Senior course on risk, stops and position size and the Junior course on the trading plan and journal require Premium. In more than four decades in the markets, I have not met anyone who lasted without these building blocks.

My advice is practical. Take the free courses, use the calculators, and then decide whether €204 a year is worth it to you or whether you learn the rest elsewhere. Practise any rule on a day trading simulator and keep a trading journal from the start. For a wider view of the options, see our guide to trading education.

This review is education, not investment advice. Trading currencies with leverage can lose you more than you expect, and no course removes that risk.

Frequently asked questions about BabyPips

Is BabyPips free?

Only part of the course is free. The first five of the 11 School of Pipsology courses are free. From High School onwards you need BabyPips Premium. The economic calendar, the tools and the forums stay free.

How much does BabyPips Premium cost?

From Germany, Premium costs €29 a month, or €17 a month on the annual plan, billed as €204 a year. We saw these prices on 12 November 2026. No free trial is advertised on the Premium page.

Does BabyPips give refunds?

BabyPips’ published policy gives no refund for unused time, on either plan. You can cancel online at any time, and access runs until the end of the period you paid for. This also applies to the annual plan.

How many lessons does the School of Pipsology have?

463 lessons in 11 courses, from Preschool to Graduation. The pages we checked do not show how many of them are free. The first five courses are free, the last six need Premium.

Can you trade on BabyPips?

No, BabyPips is an education website, not a broker. To practise, you need a demo account with a broker or a simulator. Premium gives trade ideas, but no exact entry and exit prices.