In you are in United States then avoid not registered broker.
Choose forex broker that offers low spread trade, as broker charge their fee depends upon the spread so better to have broker with lower spread. Good to go with fixed spreads.
Ask the broker if he is willing to provide technical comments, financial calendar, and able to do market research.
Broker must have up-to-date information on the market structure and should be willing to work with on the flexible timing.
Must have complete knowledge about margin and spreads go with some experienced person. Go with the brokers that offer lower leverages, it is the amount of bucks that he would lend you to trade forex. So with low leverage you will have low risk in this market.
How much margin is he willing to offer you?
Do a careful research of the broker, avoid if he is involved in any blacklist or other delegations.
Check out the client history and evidence.
Have a complete talk on the commission system, better to have a written agreement.
Must have good reputation within the forex industry.
Your forex broker must know the rules and regulation of the government.
Ask all the questions well in advance if you have any to avoid frauds.
Do some of the paper work and research how your broker works in the running market.
Best is to go with the references, check out with your office colleagues or friends and relative if they know some honest forex trading broker.
Do not rely on brokers words; ask for the references where he has by now worked.
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