As mentioned, there are many forex brokers today and therefore it can get confusing on how to choose the forex broker that is right for you. To briefly summarize, remember the following points while choosing a forex broker:

  • Look for a forex broker that is regulated
  • See if the forex broker offers a minimum deposit amount
  • What is the leverage that the broker offers
  • What is the minimum contract size that you can trade
  • Bonuses and the terms and conditions (see on our site list of Forex Deposit bonuses and Forex No Deposit bonuses)
  • Deposit and Withdrawal types as well as the terms and conditions
  • Trading methods that are allowed by the broker

We can also help you choose a forex broker by reading our article How to choose forex broker