How to find a Good Forex Broker
Financial Regulation Authority
If an online forex broker is causing some concern over the legality of their trading methods or if in fact prospective trader needs to know if a forex broker is legal, then just look online for a local governing office for financial regulation. They will direct the trader to the right office online and if the forex brokers company is not listed, then that company is bogus, and will just take the money and eventually collapse, leaving all investors with nothing.
Demo Accounts
A good online forex broker, will offer a demo account. This is an account for the trader to get used to the software programme of that company. In the account, will be a certain amount of 'toy money', this is what the new trader can play with, just to get a feel for the market and the trading platform, without the risk of losing any money
Online Registration
Not an important aspect in the search for a broker, but the registration form that needs to be filled in online will only take approximately ten minutes to fill in, and a few minutes after that, the trading can begin. You will need your bank and credit card or pay-pal details at hand.
Real Time Prices
This is very important, some obscure forex traders will buy or sell your currency, with an 'at best price' message after it, this is no good, the trader can lose money from it. A decent forex trader will have real time prices, which is the actual price on the markets, and the trader will be able to buy and sell at the price that is shown on the screen.