How To choose a proper Forex Broker

Before you think to make money you with a forex broker you have to make a few taps.

step 1:
Make sure your broker is registered with the Futures Commission Merchant (FCM), which is regulated by the Commodity Futures Trading Commission of the United States (CFTC).
step 2:
Check That your broker can offer different types of accounts. Usually, the accounts “Mini”, this type of account, you can operate in forex but the leverage is lower. There is another type of account called “Standard.” This type of account you open forex positions with larger size. Of course a “premium” will allow the opening of further positions.
step 3 :
Do not pay commission Spot Forex traders do not pay commissions for placing orders, unlike those who operate in future markets. In fact, a Forex broker is a mere intermediary, not a broker or agent itself, thereby not paying any cost in the execution.