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Some of these aspects are:
* minimum account size
* payment methods
* leverage (margin call)
* customer support
* contact details
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Commission are a bit difficult to talk about. Some brokers charge commissions and some don’t. At first it would seem better to choose a broker that doesn’t charge commissions; however, ECN brokers (recommended) usually charge commissions. Market makers tend not to charge fees, but these are tricky brokers.
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The spread is also important. Be careful however with brokers that promise very low spreads, since there might be other conditions to look at. Generally spreads are much lower in more liquid pairs, like EURUSD. You should choose a broker that offers no more than 1-2 pips spread in the most traded pairs.
Leverage is also VERY tricky. Leverage can increase your winnings but also your losses. With leverage you can have control of a greater amount than the deposited. The right leverage depends on your account size. Usually you can choose between 50:1 [url=http://www.cheapdolphinsjerseys.com/kalen-ballage-jersey/]Kalen Ballage Jersey[/url] , 100:1 and 200:1 leverages.
Regulation is also very important. Forex is an unregulated market; however, you should check that your broker is regulated by a relevant institution in its country. You should also check that it has been approved by monetary authorities.
Rating is crucial. You should check online, in forums and sites, to find out how others rated a certain forex broker. Be careful with biased commentaries (affiliate links or representatives).
Customer support and contact details are essential. You should visit the broker’s site and check that you can contact them via phone, e-mail, fax [url=http://www.cheapdolphinsjerseys.com/durham-smythe-jersey/]Durham Smythe Jersey[/url] , courier, and even chat.Customer support should be accurate and fast. They should be able to answer to your queries in time, and correctly. Try to test that before you open a real account with them.Also, test the platform before you go to real trading, and make sure that you’ve become familiar with it. Lots of brokers use MetaTrader Platform today. Others, like Etoro [url=http://www.cheapdolphinsjerseys.com/jason-sanders-jersey/]Jason Sanders Jersey[/url] , use a platform of their own.
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