How to Choose a Forex Broker
A simple checklist to avoid bad brokers and focus on what actually matters: safety, costs, and reliability.
1) Regulation & entity
Confirm the legal entity you’ll open an account with and verify its license on the regulator’s website.
2) Total costs
Look at spreads + commissions, plus swaps/financing if you hold trades overnight.
3) Withdrawals & support
Test a small deposit/withdrawal on a demo or small live account. Fast support matters when something breaks.
Red flags
- Unclear entity or missing license details
- Withdrawal complaints with no clear resolution
- Aggressive bonus marketing or pressure to deposit
Risk disclaimer
This guide is informational only and not financial advice. Trading leveraged products involves significant risk.