When searching for a FOREX Broker you might want to consider the following factors. You can use this list as a checklist to narrow down your selection of forex brokers. Here are our top 5 checklist items.
1. Word of Mouth
What are other currency traders saying about the broker?
What is the customer service rating of the forex broker?
2. Execution
What is the FX broker’s speed of execution?
Does the currency broker trade against the clients?
Does the forex broker offer automatic execution?
3. Protection of Funds
Is the forex broker being regulated?
Are the trader's funds insured?
4. Spread
How tight are the spreads?
How does this broker’s spreads compare with other brokers?
5. Account Size
Can you trade Mini Accounts?
What is the minimum account balance?
Forex Brokers
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