I believe if you’re serious about learning, you will find a lot of ways of getting knowledge, by yourself for free or at the courses for some money, but earlier or later you will face a vital question – which Broker to choose to start trading with?

Most probably, you will google for Broker reviews and/or Top Broker listings. Worth to keep in mind here that Top Broker listing places are sold.

You did not know? Well, it’s not a top secret actually. You may request the advertising and media kit and check the pricing yourself – forexlive, forex-rating, fxsteet etc. 500 – 3000 EUR/per month (as per my check several years ago) and your Broker will be added to Top 10.

The only way to make a choice avoiding “conflict of interest” situation is to do it yourself. Are you a 100% newbie? Here are the questions to ask/check:

TRADING CONDITIONS. But please be realistic – you will never be given great trading conditions if you plan to start trading with 100-500 USD balance. Ask the right questions and compare: leverage provided, floating or fixed spreads, market or instant execution, avg. spread on EURUSD (or whatever asset you trade) on standard account, minimal deposit, method of deposit/ withdrawal, terms of withdrawal (it must be automatic from your Client Zone without any Broker representative’s involvement).

REGULATION – your main protection from non-trading risks. BE READY TO SACRIFICE SOMETHING. In CySEC jurisdiction, for eg, regulated CFD Brokers offer leverage of up to 30:1 for retail clients and up to 500:1 for professional clients. This means for every $1 that you have in your trading account, you can trade $30 as a retail client or $500 as a professional. Need the highest funds protection? Check the stated Regulation properly. Do not believe in words – check. The license number of a certain Regulatory Authority is always indicated on the official website.

RED FLAGS TO PAY ATTENTION TO: Absence of the license number with one of the known and trusted regulators on the website, only the company registration number (=NO REGULATION). High leverage that is not correlated with the regulation stated. Non-licensed asset management, algo trading with guaranteed profitability.