What makes a good Forex Broker?
Here are 4 things to look for in a Forex Broker:
1. Tight spreads
The pip spreads should be as low as possible. Why pay more when you don’t need to? Pay too much and that is subtracted from your profit and added to your loss hurting your bottom line profits.
2. Security
There is no point in having great services and fees and your broker goes bust! Check how long they have been in business and if they are regulated by financial authorities. What about security / segregation of clients funds?
3. Forex Trading platform and support
The Forex trading platform offered by your broker should be easy to use and reliable. As “Forex never sleeps”, you should have 24 hour support.
4. Lot size
Depending on your budget, a broker should offer you flexible position sizing, like for instance micro and mini lots in addition to standard lots.
