What are the parameters that important on broker choosing

Beginner Questions
1

Hi I am new at Babypips. And at Forex at all.
I would like to know which parameters are the important for you when you choosing a broker.

Its can be very helpful for me.
THX

2

Welcome Msarusi :blush:
There could be many parameters but let just name 3, which from my perspective are among the most important:

  1. Fast and correct execution – no requotes
  2. No conflicts of interests with the broker – broker no to profit from client‘s losses
  3. Cost effective trading – low commissions and/or tight spreads
    Cheers.
3

it depends on your trading condition, should choose the broker which is more appropriate to the concept of trading that will be used , if you love scalping, should choose the broker which allows scalping without any restrictions.

4

1st of all, regulation then the live facilities based on your requirements.

5

Before Choosing a Forex Broker Check these points

  • Check broker review on different sites
  • Registration and license
  • Customer service
  • Account Types
  • Have a free demo account
  • Do not pay commissions per Spot
2 Likes
6

Excellent answer; I agree with all of your points. Yes, that’s the direction for new traders.

1 Like
7

I agree with the above posts. I just want to add that reputable regulation here is a must as well. Make sure to always check brokers’ regulation and avoid offshore zones.