Advice needed? Please share your thoughts
Its not possible to say which is best.
The most strongly regulated brokers will offer negative balance protection, segregated clients’ accounts, freedom from stop-hunting, no withdrawal fees, automatic margin stop-out, ability to set and revise stop-loss orders, etc.
This means their spreads may not be the tightest and their margins will certainly be restricted. They may also be strict about proof of identity, income etc. not just when you open an account but also when you wish to withdraw profits. Some brokers demand a higher level of deposited funds.
Platform types vary, and some brokers’ connectivity and IT support is poor. Customer service is also variable.
A demo account is a good way to test out a broker. Get 2 or 3 or 4 and use them to refine your broker requirements as well as practicing strategies etc.
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Also try to find client funds protection.
You can try CMC Markets and Pepperstone because I really like their services and they are regulated also.
To pinpoint the best broker is a difficult task. There are several good and regulated forex brokers to choose from. The best varies from one trader to another depending on their criteria.