Which Forex Broker ?

 These are more things to ask to yourself in picking a good Forex Broker : 
8 Important Aspects in Choosing a Forex Broker 


1. Word of Mouth

• What have other traders experiences been like with the broker?
• What is their customer service/dealing desk like?

2. Safety of Funds

• Is the broker regulated?
• Are client funds insured against fraud and kept separate from operating funds?

3. Execution

• What business model do they operate? i.e. Are they a market maker or an ECN type broker?
• How fast is the broker's order execution?
• Do they offer automatic execution?
• Will they place you on manual execution if they disagree with your trading style?
• How much can you trade before having to request a quote?
• Do they offset all clients' trades?

4. Spread

• How tight is the spread?
• Is it fixed or variable?
• Is it larger for mini accounts?

5. Slippage

• How much slippage can be expected in a normal and fast moving market?

6. Margin

• What is the margin requirement?
• Does it change for different currency pairs or days of the week?
• Is it the same for standard and mini accounts?

7. Commissions

• Do they charge commissions? (Market makers commissions are built into the spread)

8. Rollover Policy

• Is there a minimum margin requirement in order to earn interest on overnight positions?
• Are there any other requirements or conditions on earning rollover interest?

9. Trading Platform

• Is it reliable during fast moving markets and news announcements?
• How many different currency pairs can you trade?
• Do they offer an Application Programming Interface (API) for automated trading systems?
• Does it offer any other special features? (e.g. One click dealing, trading from the chart, trailing stops, mobile trading etc.)

10. Account Size

• What is the minimum trade size?
• Can you adjust the standard lot size traded?
• What is the minimum account opening balance?
• Can you earn interest on the unused equity in your account

Insider's Guide To Forex Trading
Brokers You Should Avoid