Guide to Choosing a Forex Broker
1. Regulation and licenses
Make sure that the broker is regulated by reputable authorities such as:
- Securities and Exchange Commission США (SEC)
- UK Financial Conduct Authority (FCA)
- Cyprus Securities and Exchange Commission (CySEC)
2. Spreads and commissions
Study the terms of trade, including:
- Fixed or floating spreads
- Transaction fees
- Transparency of pricing
3. Trading platforms
Check which platforms the broker offers.:
- MetaTrader 4/5
- cTrader
- Broker's own platforms
4. Support Service
Evaluate the quality of customer service:
- Round-the-clock support
- Available languages
- Communication channels: phone, chat, email
5. Training materials
Good brokers provide:
- Webinars and video tutorials
- Market analytics
- Demo accounts for practice