It's important to choose a broker that is regulated by a reputable authority, such as the Financial Conduct Authority (FCA) in the UK, the National Futures Association (NFA) in the US, or the Australian Securities and Investments Commission (ASIC).

The regulation provides a level of protection and helps to ensure that the broker is operating fairly and ethically.

The trading platform is the software you will use to place trades and manage your account. You want to make sure that the platform is easy to use, reliable and offers all the features and tools that you need. Some of the popular trading platforms are MT4, MT5 and Trading View. 

Brokers offer different account types with varying minimum deposit requirements, spreads, and leverage. Choose a broker that offers account types that suit your needs.

As we mentioned, the spread is the difference between the bid and ask price, representing the cost of trading with the broker. Some brokers offer fixed spreads, while others offer variable spreads that can widen during periods of high market volatility.

Additionally, some brokers charge commissions on top of the spread. Be sure to compare spreads and commissions across different brokers to find the most competitive pricing.

Choose a broker that offers good customer support and is responsive to your needs. Look for brokers that offer multiple contact support methods, such as phone, email, and live chat.

Look for a broker that offers educational resources and research tools to help you improve your trading skills. Remember, the more you learn, the more you earn! 

Do some research and read reviews from others to get an idea of the broker's reputation. Look for brokers with a good track record and a solid reputation in the industry.

Now it's time to test what you have learnt, here's a quiz!

How to Choose a Broker?