Pay attention to the currency spread.
The currency spread is the amount of pips between the bidding price and asking price, and Forex brokers use which to make money through every trade during their network. Take EURUSD as an example, the pips is usually 3-4.
The required amount of fund to create an account.
Different Forex platforms, the money to open a Forex account differs. Depending on each customer’s financial situation, they could choose the suitable platform to start a new account. Typically, a mini account definitely is the right selection for Forex novice.
Whether charges fees for small trading, although it’s free to do tiny size transaction.
Even it’s a small, fees occurs. Check out carefully before plunge into the Forex market.
The existence of other fees.
Rollover fees is an example. If you hold a spot Forex position overnight, you will be charged or receive rollover fees. For instance, if you buy a pair of currency which the base one has higher interest than the terms one, rollover fee will be paid to you, vice versa, you pay out. When buying CADUAD, the interest in Canada is higher than America, you receive rollover fee.
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