Before you start looking for a Forex broker, you need to make up your mind about the category of forex investor you belong to and what goals you plan to reach by investing in currencies. Each broker giving access to Forex investments has their advantages and drawbacks. The key parameters that you should check is whether the company is licensed by an authoritative international regulator; whether it guarantees safety of your money and personal data; and the size of the commission fee.
Most Forex brokers are licensed by various regulators, including such competent and trustworthy ones as BaFin, CySEC, FCA, SEC. However, there are brokers that are not registered in regulating organization, and you should stay away from such companies.
Also, brokers differ in terms of trading platforms they give access to, conditions on trading accounts, and the size of commission fees for financial operations. To choose a suitable trading …