Im new to forex and I would cherish your advice on forex brokers that can accept $200 for a start .Kindly give names of such brokers that are duely registered with CFTC.I demo with north finance.
Have you tried searching the forums? There are many broker recommendations in here already.
You might want to read through the Babypips broker forum.
http://forums.babypips.com/rate-my-broker/
Did you look at the Babypips broker comparisons?
How to Choose a Forex Broker - BabyPips.com
That’s what they’re there for. A little effort on your part will get you the answers you’re looking for.
It really depends on what’s important to you. They are a bunch of reputable firms, but you still need to be careful.
One thing to keep in mind is the platform you choose – they are a ton out there, although MetaTrader 4 seems to be the upcoming industry standard.
Since you are trading such a small amount, you should find a firm that overs decent leverage and perhaps micro accounts.
A few firms worth taking a look at include FXDD, GAIN, FXCM, and MB Trading…
Another thing to consider is an IB, or introducing broker. They are a type of middle-man in the forex world, but in most cases, enhance your trading for no cost at all. My IB even gives a trade rebate – just for making a trade, they give me back a piece of the spread, which definitely adds up.
Try to find more info in the “Rate my Broker” section, or PM me for more info.
Oanda is great for newbies (only 1:50 leverage) - you can choose your unit size - low spreads