How can Iselect a trusted broker for forex trading

When choosing a FOREX broker, you should always consider security, support, fees and regulations before you decide. You should also know that finding a broker, can be difficult, because a lot of different traders has different opinions.

It is very good to hear from others, what their experiences is, but you should also consider what your own criteria are. Which markets do YOU trade, and what do YOU need from a broker. Brokers offer so many different things, and so many variations of spreads, fees and charting software. So the best thing you can do, is sit down and write a few criteria that are important for you, and begin to compare, rank and search for the best opportunities.

You can find a lot of great and regulated forex brokers, but you can also find a lot of forex brokers who are not regulated and hos very low security or deposit guarantee.

First of all you should NOT choose a broker based on the bonus offers they provide you with. Bonus offers are not going to help you. They are just for marketing, and for getting new clients. I never consider bonus offers when comparing brokers, I am probably never going to get my bonus anyway, because of all the terms and conditions that follows.

So in order to find a regulated forex broker with a great reputation, consider these things:

• Where are the broker regulated
  FCA
  FSA
  CySEC
  FINRA
  CFTC
  Or other?
• How many years have they been in business?
• Have they survived bear markets, and big client losses?
• How much do they have in deposit guarantee?
• Are they holding you account deposit in a segregated bank?
• What support opportunities do they offer?
  Are you actually able to get in contact with them, when you need it.

When you have answered these first questions, you can begin to compare spreads, fees, inactivity fees, charting software and anything else that might also be important for you as a trader.

When you compare the best and regulated forex brokers you should consider:

• Spreads
• Trading fees
• Inactivity fees
• Account fees
• Charting software