Forex Broker Checklist

Always score your broker candidates as a plus or minus before opening an account. The brokerage company should have positives for each criteria.

• Should be regulated by home country
• Pip spread of 2 to 3 pips
• Performance of fast order execution
• Should be easy to contact: readily available by phone and email
• Should have free demo accounts available
• Should have a comprehensive and customizable platform desktop available for charting
• Performance as a broker should be recognized by awards
• Should have presence in all major global financial centers
• Should offer leverage of at least 100:1
• Should have mobile trading software available so that trades can be observed away from desk

Disclaimer: Be advised this is not recommendation of any broker but a means to evaluate brokers. Independent confirmation should be made before selecting any broker.