4 - How to choose a Forex Broker?

Forex Brokers need to be accompanied with a large financial institution like the Bank to provide funds for margin trading. Should be in the United States to be registered as a trader and broker for the futures contracts (FCM) with the Commodity Futures Trading Commission (CFTC), and protection against fraud and abuse practices.Before trade currency trading you need to set up an account with a Forex broker. You may feel overwhelmed by the number of forex brokers who offer their services on the Internet.Decision on the broker requires a lot of research on your part.There are many areas of the study before signing on the dotted line with any broker. Here are some things that you need to look for in making your choice: Safety FundsIs broker regulated? Client funds are insured? executionHow system is the rapid implementation of an intermediary in the system? It will put you to guide implementation? Do they offer automatic execution? How you can trade before having to request a quote? It does not compensate for all customer orders? Do they trade against their clients? SpreadIs that a fixed or variable? How tight the spread? Can be expected is the largest of the small accounts? SlippageHow large slide in the normal and fast moving market conditions? requirementsWhat margin is the margin requirements and how is it calculated? Does not change the currency in circulation with the margin? Is it the same for small accounts and standard accounts? Forex Trading PlatformIs it reliable during fast moving markets and news announcements? How many different currency pairs you trade?They do not provide application programming interface (API) for automated trading systems? What other features does it offer?(One trading above the chart, trailing stops, and the carry trade and other) SizeWhat account is the account minimum balance? You can trade mini accounts? Do you earn interest on unused equity in your account? You can adjust the size of a standard trading lot?