Find the best offers from top brokers!
Looking for a reputable forex broker to handle the execution of your orders? Seek no further. We have compiled a list of the most competitive offers available in the retail forex industry today.

[geot_filter region=”eutwo” exclude_region=”blacklisted,canada,india,gcc,southeastasia,australia,southafrica,unitedkingdom,euone,usa”]

Broker Minimum Deposit EURUSD Spread Regulators Next Step
ForexTime LogoYour capital is at risk $100.1 ECN and 0.7 Standard Accts CySEC, FCA, FSB, IFSC
AvaTrade LogoYour capital is at risk $100Fixed & Floating ASIC, FSA, FSB, MiFID
fpmarkets broker logoYour capital is at risk $100From 0.0 pips ASIC, CySEC
IQ Option LogoYour capital is at risk $10Varies CySEC
City Index LogoYour capital is at risk £100 ASIC, CFTC, CIMA, FCA, FSA, IIRO, MAS, NFA, SFC
FxPro LogoYour capital is at risk $100from 0.6 pips CySEC, DFSA, FCA, FSB, SIA
Your capital is at risk $250Variable CySEC, MiFID
iTrader LogoYour capital is at risk $250Varied CySEC
XM LogoYour capital is at risk $51.8 pips ASIC, CySEC, FCA
ETFinance LogoYour capital is at risk €215Varied CySEC
Hot Forex LogoYour capital is at risk $50.1 CySEC, DFSA, FCA, FSB, FSC, FSCA
Your capital is at risk $2500.7 -
eToro LogoYour capital is at risk $2003 pips CySEC, FCA
Your capital is at risk $2000.1 pips ASIC, FCA
LegacyFX LogoYour capital is at risk $250from 0.6 BaFin, CySEC, FCA, NBRB, VFSC
OctaFX LogoYour capital is at risk $5.2 pips FSA
VantageFX LogoYour capital is at risk $200From 0.1 pips CIMA
IronFX LogoYour capital is at risk $500.18 pips ASIC, CySEC, FCA, FSB
Your capital is at risk $200From 0.1 FSPR
CM Trading LogoYour capital is at risk $250from 2 pips FSB
Your capital is at risk $250Varied CySEC
Markets.com LogoYour capital is at risk $1002 pips CySEC, FSB
AxiTrader LogoYour capital is at risk $0 FCA

    [/geot_filter]

    [geot_filter region=”euone” exclude_region=”blacklisted,canada,india,gcc,southeastasia,australia,southafrica,unitedkingdom,eutwo,usa”]

    Broker Minimum Deposit EURUSD Spread Regulators Next Step
    ForexTime LogoYour capital is at risk $100.1 ECN and 0.7 Standard Accts CySEC, FCA, FSB, IFSC
    AvaTrade LogoYour capital is at risk $100Fixed & Floating ASIC, FSA, FSB, MiFID
    fpmarkets broker logoYour capital is at risk $100From 0.0 pips ASIC, CySEC
    City Index LogoYour capital is at risk £100 ASIC, CFTC, CIMA, FCA, FSA, IIRO, MAS, NFA, SFC
    FxPro LogoYour capital is at risk $100from 0.6 pips CySEC, DFSA, FCA, FSB, SIA
    Your capital is at risk $250Variable CySEC, MiFID
    iTrader LogoYour capital is at risk $250Varied CySEC
    XM LogoYour capital is at risk $51.8 pips ASIC, CySEC, FCA
    ETFinance LogoYour capital is at risk €215Varied CySEC
    IQ Option LogoYour capital is at risk $10Varies CySEC
    Your capital is at risk $2500.7 -
    Your capital is at risk $2000.1 pips ASIC, FCA
    LegacyFX LogoYour capital is at risk $250from 0.6 BaFin, CySEC, FCA, NBRB, VFSC
    OctaFX LogoYour capital is at risk $5.2 pips FSA
    VantageFX LogoYour capital is at risk $200From 0.1 pips CIMA
    IronFX LogoYour capital is at risk $500.18 pips ASIC, CySEC, FCA, FSB
    XTB LogoYour capital is at risk $250as low as .3 Pips BaFin, CMB, FCA, KNF
    Plus500 LogoYour capital is at risk €100Vary ASIC, CySEC, FCA
    Hot Forex LogoYour capital is at risk $50.1 CySEC, DFSA, FCA, FSB, FSC, FSCA
    CM Trading LogoYour capital is at risk $250from 2 pips FSB
    Your capital is at risk $250Fixed & Floating CySEC, MiFID
    Forex.com LogoYour capital is at risk $250 CFTC, CIMA, FCA, FSA, IIRO, NFA
    Your capital is at risk $250Varied CySEC
    Markets.com LogoYour capital is at risk $1002 pips CySEC, FSB
    AxiTrader LogoYour capital is at risk $0 FCA

      [/geot_filter]

      [geot_filter region=”canada” exclude_region=”blacklisted,india,gcc,southeastasia,australia,southafrica,unitedkingdom,euone,eutwo,usa”]

      Broker Minimum Deposit EURUSD Spread Regulators Next Step
      ForexTime LogoYour capital is at risk $100.1 ECN and 0.7 Standard Accts CySEC, FCA, FSB, IFSC
      AvaTrade LogoYour capital is at risk $100Fixed & Floating ASIC, FSA, FSB, MiFID
      fpmarkets broker logoYour capital is at risk $100From 0.0 pips ASIC, CySEC
      Forex.com LogoYour capital is at risk $250 CFTC, CIMA, FCA, FSA, IIRO, NFA
      FxPro LogoYour capital is at risk $100from 0.6 pips CySEC, DFSA, FCA, FSB, SIA
      Your capital is at risk $250Variable CySEC, MiFID
      iTrader LogoYour capital is at risk $250Varied CySEC
      XM LogoYour capital is at risk $51.8 pips ASIC, CySEC, FCA
      ETFinance LogoYour capital is at risk €215Varied CySEC
      OctaFX LogoYour capital is at risk $5.2 pips FSA
      LegacyFX LogoYour capital is at risk $250from 0.6 BaFin, CySEC, FCA, NBRB, VFSC
      Your capital is at risk $100 / €100 / £100From 1.0 pips CySEC
      Your capital is at risk $200From 0.1 FSPR
      VantageFX LogoYour capital is at risk $200From 0.1 pips CIMA
      IronFX LogoYour capital is at risk $500.18 pips ASIC, CySEC, FCA, FSB
      CM Trading LogoYour capital is at risk $250from 2 pips FSB
      Your capital is at risk $250Varied CySEC
      Markets.com LogoYour capital is at risk $1002 pips CySEC, FSB
      AxiTrader LogoYour capital is at risk $0 FCA

        [/geot_filter]

        [geot_filter region=”india” exclude_region=”blacklisted,gcc,southeastasia,australia,southafrica,unitedkingdom,canada,euone,eutwo,usa”]

        Broker Minimum Deposit EURUSD Spread Regulators Next Step
        ForexTime LogoYour capital is at risk $100.1 ECN and 0.7 Standard Accts CySEC, FCA, FSB, IFSC
        AvaTrade LogoYour capital is at risk $100Fixed & Floating ASIC, FSA, FSB, MiFID
        OctaFX LogoYour capital is at risk $5.2 pips FSA
        City Index LogoYour capital is at risk £100 ASIC, CFTC, CIMA, FCA, FSA, IIRO, MAS, NFA, SFC
        FxPro LogoYour capital is at risk $100from 0.6 pips CySEC, DFSA, FCA, FSB, SIA
        Your capital is at risk $250Variable CySEC, MiFID
        iTrader LogoYour capital is at risk $250Varied CySEC
        XM LogoYour capital is at risk $51.8 pips ASIC, CySEC, FCA
        ETFinance LogoYour capital is at risk €215Varied CySEC
        Your capital is at risk $100 / €100 / £100From 1.0 pips CySEC
        LegacyFX LogoYour capital is at risk $250from 0.6 BaFin, CySEC, FCA, NBRB, VFSC
        Tickmill LogoYour capital is at risk $1000.0 pips CySEC, FCA, FSA, SC
        Your capital is at risk $2500.7 -
        Your capital is at risk $200From 0.1 FSPR
        Forex.com LogoYour capital is at risk $250 CFTC, CIMA, FCA, FSA, IIRO, NFA
        Your capital is at risk $2001.2 Pips BaFin, CySEC
        Your capital is at risk $250Fixed & Floating CySEC, MiFID
        Hot Forex LogoYour capital is at risk $50.1 CySEC, DFSA, FCA, FSB, FSC, FSCA
        Forex4you LogoYour capital is at risk $0Standard 2, STP 0,1 FSC
        Your capital is at risk $250Varied CySEC
        Markets.com LogoYour capital is at risk $1002 pips CySEC, FSB
        AxiTrader LogoYour capital is at risk $0 FCA
        IQ Option LogoYour capital is at risk $10Varies CySEC

          [/geot_filter]

          [geot_filter region=”gcc” exclude_region=”blacklisted,southeastasia,australia,southafrica,unitedkingdom,india,canada,euone,eutwo,usa”]

          Broker Minimum Deposit EURUSD Spread Regulators Next Step
          ForexTime LogoYour capital is at risk $100.1 ECN and 0.7 Standard Accts CySEC, FCA, FSB, IFSC
          AvaTrade LogoYour capital is at risk $100Fixed & Floating ASIC, FSA, FSB, MiFID
          fpmarkets broker logoYour capital is at risk $100From 0.0 pips ASIC, CySEC
          IQ Option LogoYour capital is at risk $10Varies CySEC
          LegacyFX LogoYour capital is at risk $250from 0.6 BaFin, CySEC, FCA, NBRB, VFSC
          OctaFX LogoYour capital is at risk $5.2 pips FSA
          Your capital is at risk $250Variable CySEC, MiFID
          iTrader LogoYour capital is at risk $250Varied CySEC
          XM LogoYour capital is at risk $51.8 pips ASIC, CySEC, FCA
          ETFinance LogoYour capital is at risk €215Varied CySEC
          Tickmill LogoYour capital is at risk $1000.0 pips CySEC, FCA, FSA, SC
          Your capital is at risk $2500.7 -
          Your capital is at risk $2000.1 pips ASIC, FCA
          FxPro LogoYour capital is at risk $100from 0.6 pips CySEC, DFSA, FCA, FSB, SIA
          Your capital is at risk $100 / €100 / £100From 1.0 pips CySEC
          VantageFX LogoYour capital is at risk $200From 0.1 pips CIMA
          IronFX LogoYour capital is at risk $500.18 pips ASIC, CySEC, FCA, FSB
          XTB LogoYour capital is at risk $250as low as .3 Pips BaFin, CMB, FCA, KNF
          Your capital is at risk $250Fixed & Floating CySEC, MiFID
          Plus500 LogoYour capital is at risk €100Vary ASIC, CySEC, FCA
          Hot Forex LogoYour capital is at risk $50.1 CySEC, DFSA, FCA, FSB, FSC, FSCA
          City Index LogoYour capital is at risk £100 ASIC, CFTC, CIMA, FCA, FSA, IIRO, MAS, NFA, SFC
          Forex.com LogoYour capital is at risk $250 CFTC, CIMA, FCA, FSA, IIRO, NFA
          Your capital is at risk $250Varied CySEC
          Markets.com LogoYour capital is at risk $1002 pips CySEC, FSB
          AxiTrader LogoYour capital is at risk $0 FCA
          CM Trading LogoYour capital is at risk $250from 2 pips FSB

            [/geot_filter]

            [geot_filter region=”southeastasia” exclude_region=”blacklisted,australia,southafrica,unitedkingdom,gcc,india,canada,euone,eutwo,usa”]

            Broker Minimum Deposit EURUSD Spread Regulators Next Step
            ForexTime LogoYour capital is at risk $100.1 ECN and 0.7 Standard Accts CySEC, FCA, FSB, IFSC
            AvaTrade LogoYour capital is at risk $100Fixed & Floating ASIC, FSA, FSB, MiFID
            fpmarkets broker logoYour capital is at risk $100From 0.0 pips ASIC, CySEC
            City Index LogoYour capital is at risk £100 ASIC, CFTC, CIMA, FCA, FSA, IIRO, MAS, NFA, SFC
            FxPro LogoYour capital is at risk $100from 0.6 pips CySEC, DFSA, FCA, FSB, SIA
            Your capital is at risk $250Variable CySEC, MiFID
            iTrader LogoYour capital is at risk $250Varied CySEC
            XM LogoYour capital is at risk $51.8 pips ASIC, CySEC, FCA
            ETFinance LogoYour capital is at risk €215Varied CySEC
            OctaFX LogoYour capital is at risk $5.2 pips FSA
            LegacyFX LogoYour capital is at risk $250from 0.6 BaFin, CySEC, FCA, NBRB, VFSC
            Tickmill LogoYour capital is at risk $1000.0 pips CySEC, FCA, FSA, SC
            Your capital is at risk $2500.7 -
            Your capital is at risk $2000.1 pips ASIC, FCA
            Plus500 LogoYour capital is at risk €100Vary ASIC, CySEC, FCA
            Your capital is at risk $250Fixed & Floating CySEC, MiFID
            VantageFX LogoYour capital is at risk $200From 0.1 pips CIMA
            IQ Option LogoYour capital is at risk $10Varies CySEC
            Your capital is at risk $100 / €100 / £100From 1.0 pips CySEC
            Forex4you LogoYour capital is at risk $0Standard 2, STP 0,1 FSC
            CM Trading LogoYour capital is at risk $250from 2 pips FSB
            Forex.com LogoYour capital is at risk $250 CFTC, CIMA, FCA, FSA, IIRO, NFA
            Hot Forex LogoYour capital is at risk $50.1 CySEC, DFSA, FCA, FSB, FSC, FSCA
            Your capital is at risk $250Varied CySEC
            Markets.com LogoYour capital is at risk $1002 pips CySEC, FSB
            AxiTrader LogoYour capital is at risk $0 FCA

              [/geot_filter]

              [geot_filter region=”australia” exclude_region=”blacklisted,southafrica,unitedkingdom,southeastasia,gcc,india,canada,euone,eutwo,usa”]

              Broker Minimum Deposit EURUSD Spread Regulators Next Step
              ForexTime LogoYour capital is at risk $100.1 ECN and 0.7 Standard Accts CySEC, FCA, FSB, IFSC
              AvaTrade LogoYour capital is at risk $100Fixed & Floating ASIC, FSA, FSB, MiFID
              fpmarkets broker logoYour capital is at risk $100From 0.0 pips ASIC, CySEC
              City Index LogoYour capital is at risk £100 ASIC, CFTC, CIMA, FCA, FSA, IIRO, MAS, NFA, SFC
              FxPro LogoYour capital is at risk $100from 0.6 pips CySEC, DFSA, FCA, FSB, SIA
              Your capital is at risk $250Variable CySEC, MiFID
              iTrader LogoYour capital is at risk $250Varied CySEC
              XM LogoYour capital is at risk $51.8 pips ASIC, CySEC, FCA
              ETFinance LogoYour capital is at risk €215Varied CySEC
              Plus500 LogoYour capital is at risk €100Vary ASIC, CySEC, FCA
              Tickmill LogoYour capital is at risk $1000.0 pips CySEC, FCA, FSA, SC
              Your capital is at risk $2000.1 pips ASIC, FCA
              LegacyFX LogoYour capital is at risk $250from 0.6 BaFin, CySEC, FCA, NBRB, VFSC
              eToro LogoYour capital is at risk $2003 pips CySEC, FCA
              CM Trading LogoYour capital is at risk $250from 2 pips FSB
              OctaFX LogoYour capital is at risk $5.2 pips FSA
              IronFX LogoYour capital is at risk $500.18 pips ASIC, CySEC, FCA, FSB
              Hot Forex LogoYour capital is at risk $50.1 CySEC, DFSA, FCA, FSB, FSC, FSCA
              Your capital is at risk $200From 0.1 FSPR
              Your capital is at risk $100 / €100 / £100From 1.0 pips CySEC
              Your capital is at risk $250Varied CySEC
              Markets.com LogoYour capital is at risk $1002 pips CySEC, FSB
              AxiTrader LogoYour capital is at risk $0 FCA

                [/geot_filter]

                [geot_filter region=”southafrica” exclude_region=”blacklisted,unitedkingdom,australia,southeastasia,gcc,india,canada,euone,eutwo,usa”]

                Broker Minimum Deposit EURUSD Spread Regulators Next Step
                ForexTime LogoYour capital is at risk $100.1 ECN and 0.7 Standard Accts CySEC, FCA, FSB, IFSC
                AvaTrade LogoYour capital is at risk $100Fixed & Floating ASIC, FSA, FSB, MiFID
                fpmarkets broker logoYour capital is at risk $100From 0.0 pips ASIC, CySEC
                OctaFX LogoYour capital is at risk $5.2 pips FSA
                OInvest LogoYour capital is at risk $2500.7 pips FSCA
                LegacyFX LogoYour capital is at risk $250from 0.6 BaFin, CySEC, FCA, NBRB, VFSC
                CM Trading LogoYour capital is at risk $250from 2 pips FSB
                iTrader LogoYour capital is at risk $250Varied CySEC
                XM LogoYour capital is at risk $51.8 pips ASIC, CySEC, FCA
                ETFinance LogoYour capital is at risk €215Varied CySEC
                Tickmill LogoYour capital is at risk $1000.0 pips CySEC, FCA, FSA, SC
                Your capital is at risk $2000.1 pips ASIC, FCA
                FxPro LogoYour capital is at risk $100from 0.6 pips CySEC, DFSA, FCA, FSB, SIA
                IQ Option LogoYour capital is at risk $10Varies CySEC
                VantageFX LogoYour capital is at risk $200From 0.1 pips CIMA
                IronFX LogoYour capital is at risk $500.18 pips ASIC, CySEC, FCA, FSB
                Plus500 LogoYour capital is at risk €100Vary ASIC, CySEC, FCA
                XTB LogoYour capital is at risk $250as low as .3 Pips BaFin, CMB, FCA, KNF
                Hot Forex LogoYour capital is at risk $50.1 CySEC, DFSA, FCA, FSB, FSC, FSCA
                Your capital is at risk $250Fixed & Floating CySEC, MiFID
                City Index LogoYour capital is at risk £100 ASIC, CFTC, CIMA, FCA, FSA, IIRO, MAS, NFA, SFC
                ETX Capital LogoYour capital is at risk $1000.6 pips FCA
                Forex.com LogoYour capital is at risk $250 CFTC, CIMA, FCA, FSA, IIRO, NFA
                Your capital is at risk $250Varied CySEC
                Markets.com LogoYour capital is at risk $1002 pips CySEC, FSB
                AxiTrader LogoYour capital is at risk $0 FCA

                  [/geot_filter]

                  [geot_filter region=”unitedkingdom” exclude_region=”blacklisted,southafrica,australia,southeastasia,gcc,india,canada,euone,eutwo,usa”]

                  Broker Minimum Deposit EURUSD Spread Regulators Next Step
                  ForexTime LogoYour capital is at risk $100.1 ECN and 0.7 Standard Accts CySEC, FCA, FSB, IFSC
                  AvaTrade LogoYour capital is at risk $100Fixed & Floating ASIC, FSA, FSB, MiFID
                  fpmarkets broker logoYour capital is at risk $100From 0.0 pips ASIC, CySEC
                  City Index LogoYour capital is at risk £100 ASIC, CFTC, CIMA, FCA, FSA, IIRO, MAS, NFA, SFC
                  FxPro LogoYour capital is at risk $100from 0.6 pips CySEC, DFSA, FCA, FSB, SIA
                  Your capital is at risk $250Variable CySEC, MiFID
                  iTrader LogoYour capital is at risk $250Varied CySEC
                  XM LogoYour capital is at risk $51.8 pips ASIC, CySEC, FCA
                  ETFinance LogoYour capital is at risk €215Varied CySEC
                  eToro LogoYour capital is at risk $2003 pips CySEC, FCA
                  Tickmill LogoYour capital is at risk $1000.0 pips CySEC, FCA, FSA, SC
                  Your capital is at risk $2500.7 -
                  Your capital is at risk $2000.1 pips ASIC, FCA
                  LegacyFX LogoYour capital is at risk $250from 0.6 BaFin, CySEC, FCA, NBRB, VFSC
                  Plus500 LogoYour capital is at risk €100Vary ASIC, CySEC, FCA
                  VantageFX LogoYour capital is at risk $200From 0.1 pips CIMA
                  IronFX LogoYour capital is at risk $500.18 pips ASIC, CySEC, FCA, FSB
                  OctaFX LogoYour capital is at risk $5.2 pips FSA
                  XTB LogoYour capital is at risk $250as low as .3 Pips BaFin, CMB, FCA, KNF
                  IQ Option LogoYour capital is at risk $10Varies CySEC
                  CM Trading LogoYour capital is at risk $250from 2 pips FSB
                  Your capital is at risk $250Fixed & Floating CySEC, MiFID
                  ETX Capital LogoYour capital is at risk $1000.6 pips FCA
                  Forex.com LogoYour capital is at risk $250 CFTC, CIMA, FCA, FSA, IIRO, NFA
                  Hot Forex LogoYour capital is at risk $50.1 CySEC, DFSA, FCA, FSB, FSC, FSCA
                  Your capital is at risk $250Varied CySEC
                  Markets.com LogoYour capital is at risk $1002 pips CySEC, FSB
                  AxiTrader LogoYour capital is at risk $0 FCA

                    [/geot_filter]

                    [geot_filter region=”usa” exclude_region=”blacklisted,unitedkingdom,southafrica,australia,southeastasia,gcc,india,canada,euone,eutwo”]

                    Broker Minimum Deposit EURUSD Spread Regulators Next Step
                    Forex.com LogoYour capital is at risk $250 CFTC, CIMA, FCA, FSA, IIRO, NFA

                      [/geot_filter]

                      [geot_filter exclude_region=”southafrica,eutwo,euone,canada,india,gcc,southeastasia,australia,unitedkingdom,usa,blacklisted”]

                      Broker Minimum Deposit EURUSD Spread Regulators Next Step
                      ForexTime LogoYour capital is at risk $100.1 ECN and 0.7 Standard Accts CySEC, FCA, FSB, IFSC
                      AvaTrade LogoYour capital is at risk $100Fixed & Floating ASIC, FSA, FSB, MiFID
                      fpmarkets broker logoYour capital is at risk $100From 0.0 pips ASIC, CySEC
                      City Index LogoYour capital is at risk £100 ASIC, CFTC, CIMA, FCA, FSA, IIRO, MAS, NFA, SFC
                      FxPro LogoYour capital is at risk $100from 0.6 pips CySEC, DFSA, FCA, FSB, SIA
                      Your capital is at risk $250Variable CySEC, MiFID
                      iTrader LogoYour capital is at risk $250Varied CySEC
                      XM LogoYour capital is at risk $51.8 pips ASIC, CySEC, FCA
                      ETFinance LogoYour capital is at risk €215Varied CySEC
                      Your capital is at risk $2500.7 -
                      eToro LogoYour capital is at risk $2003 pips CySEC, FCA
                      Tickmill LogoYour capital is at risk $1000.0 pips CySEC, FCA, FSA, SC
                      Your capital is at risk $2000.1 pips ASIC, FCA
                      LegacyFX LogoYour capital is at risk $250from 0.6 BaFin, CySEC, FCA, NBRB, VFSC
                      Plus500 LogoYour capital is at risk €100Vary ASIC, CySEC, FCA
                      VantageFX LogoYour capital is at risk $200From 0.1 pips CIMA
                      IronFX LogoYour capital is at risk $500.18 pips ASIC, CySEC, FCA, FSB
                      OctaFX LogoYour capital is at risk $5.2 pips FSA
                      XTB LogoYour capital is at risk $250as low as .3 Pips BaFin, CMB, FCA, KNF
                      IQ Option LogoYour capital is at risk $10Varies CySEC
                      CM Trading LogoYour capital is at risk $250from 2 pips FSB
                      Your capital is at risk $250Fixed & Floating CySEC, MiFID
                      ETX Capital LogoYour capital is at risk $1000.6 pips FCA
                      Forex.com LogoYour capital is at risk $250 CFTC, CIMA, FCA, FSA, IIRO, NFA
                      Hot Forex LogoYour capital is at risk $50.1 CySEC, DFSA, FCA, FSB, FSC, FSCA
                      Your capital is at risk $250Varied CySEC
                      Markets.com LogoYour capital is at risk $1002 pips CySEC, FSB
                      AxiTrader LogoYour capital is at risk $0 FCA

                        [/geot_filter]

                        [geot_filter region=”blacklisted”]

                        We are sorry to see that you are in a territory that does not allow forex trading.

                        [/geot_filter]

                        Choosing a Broker: A Checklist

                        Choosing the right broker is the most important decision made by a forex trader. The task is not that hard, since you can assess the competence of a firm fairly well on the basis of a few, easily understood criteria. But do make sure that you ask the questions before opening your account: discovering some unpleasant facts when it is too late may end your trading career prematurely, and may even cause some serious harm to your self-esteem.

                        Is it regulated?

                        This question is the first one that you must ask, and whether you proceed further down the list depends on the nature of the answer that is received. In today’s highly competitive environment in forex trading there is no reason that justifies opening an account with an unregulated broker. If a firm is competent and reliable enough, the great benefits of a regulated status are so great that the only reason for not obtaining it would be some unwholesome reality about the true nature and intentions of the broker. At least we have the right, as traders and clients, to have such suspicions.

                        Sometimes highly competent newcomers have their regulatory status pending at the time of launch, but even then, it is better to wait for the result of that process if you prefer such a firm strongly, for whatever reason.

                        How big is the spread?

                        One cannot overemphasize the importance of the spread if you are, or intend to be a short term trader with frequent opening and closing of positions. If you wish to trade as a scalper, the size of the spread is a life and death issue. So make sure that the spread is as low as possible, at least in the most liquid pairs such as the EURUSD, EURJPY, or USDJPY. The best offers in the market nowadays range between 1 and 3, and there is no reason to settle for anything less.

                        If you are long-term oriented trader, then the spread is a much smaller concern.
                        What are the initial deposit requirement, the minimum leverage ratio and the lot size?
                        Of these three, the latter two are the most important. The size of the initial deposit only matters if you do not have enough risk capital to satisfy the deposit requirements of all broker which right now range between 50-500 dollars, with some extraordinary offers that facilitate trading with as little as $1.

                        But your main concern should be to ensure low leverage at the beginning. Leverage can be a double-edged sword for skilled traders, but for beginners it is just a suicidal weapon. Keep it as low as possible, and remember that higher leverage means higher risk. In the U.S. the maximum leverage is 50:1 for majors and 20:1 for minors.
                        Test the trading platform

                        The stability and reliability of the platform, accuracy of order execution, are as important as the previously discussed criteria. Make sure that the software is as good as it is said to be in these respects, and only consider opening an account if you’re completely satisfied, since there are so many brokers out there if you are unhappy with one. Open a demo account, examine the system, and then go on with your testing with a mini account. Demo accounts are marketing tools, so they can’t be used to gain a decisive opinion on how good a broker is.

                        Other aspects, such as the number of pairs available or customer support should not weigh as heavily in your assessment of a broker’s capabilities. However, be sure to check the forum of the firm, if it is available, to see how software issues are resolved (or not) by the technical support staff.