Best Forex Brokers

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Choosing the Forex Broker

There are few things we all are interested in when it comes to choosing The Forex Broker:

1. Spreads and Comissions – depends on the broker, we will be hit with either just a spread (Market Maker Broker), or comission + spread (ECN Broker)

2. Type of a Broker – ECN, STP, Market Maker Broker

3. Size of a Broker – bigger size and more clients then better.

4. Regulations – U.S.A. and U.K. regulations seem to be appealing as Broker regulated in those country is usually not a joke

5. Price Levels alarms – important function that send you an e-mail or Text Message at your cell if some price levels will be broken

6. Free News. Some Market Makers provide News feed, tells you almost right on time what’s happening in the world and different forex instruments

7. Technical Analysis Tools. Some Brokers will provide sweet chart tools, other are trash.

9. Platform functionality. Most brokers will provide easy to use Meta Trader 4 Forex Platform, but you can still meet some of the brokers that only provides their own interface (platform). Some of them went very far with that originality and functionality

10. You will use your broker to just execute trades? Or you want to do technical analysis and all at one platform?