Some tips about choosing Brokers.

Some factors that I think would help choose a broker include:
  • Commission charges
  • Customer support
  • Spreads
  • Leverage
  • Trading platform offered
 
maxinger said:
One of the most important things to look out for is leverage.

Choose the one which gives very high leverage.

Then you just put a little amount of money in your trading account.
If the broker disappears, you just lose a little amount of money.


of course, many readers will disagree and will choose a broker which gives very low or zero leverage
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I won’t choose a broker with zero or low leverage but i don’t think high leverage is the most important criteria. If you are constantly worried about the safety of your funds, how are you going to focus on your trading? Sometimes scam brokers give you profit in the initial days and when you start trusting them they run out with your money. Will it be fine for a trader to see their time and rewards being wasted? Rather than following this trial and hit method it’s better to choose a reputed broker.
 
These are great tips and they will definetely provide the traders with some insights about choosing the right broker.
I especially liked the tip about taking forum reviews into consideration. You are absolutely right by saying that the reviews can be fake and you should be extremely critical while reading these reviews as the forex brokers' market is extremely competitive and there is much of black PR out there. However, I still think that the traders should browse the feedbacks about the brokers because many traders tend to share their experience about working with the concrete brokers. I would also add the regulation parameter to understand whether the broker is trustworthy or not. More and more brokers are being regulated by some third-party organisations which adds up credibility of their decent work.
 
Research, Use and Commit. These are the three steps that I follow. When I chose my current broker, Turnkeyforex, I did a lot of research about their background, read about customer’s experiences and then I personally tested their demo account before committing to them. I must say that a bit of research goes a long way.
 
cortney302 said:
Some factors that I think would help choose a broker include:
  • Commission charges
  • Customer support
  • Spreads
  • Leverage
  • Trading platform offered
More...
I focus mostly on execution speed and regulation. The first factor reflects efficiency of a brokers ECN network, i.e. how often it offers you best available price
 
the broker can affects the result of our trading with certainly , for that reason its very dedicated decision to choose a broker and we have to choose it with cool mind.
 
There are many different factors that you need to take into consideration when choosing a Forex broker:
  • Customer Support
  • Tech Support
  • Spreads and Costs
  • Leverage
  • Account Types
  • Markets Offered
 
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