What is important in selecting a Forex Metatrader Broker?

What is important in selecting a Forex Metatrader Broker?

There are many factors that are important in selecting a Forex Broker. Quality of Execution, Low Spreads, Good Trading Software, Trust and Experience, and Amount of Margin Offered (Leverage). Please remember, the high levels of leverage used in Forex trading can magnify losses as well as gains.

The first thing that most people look at is the spread, and this is very justified. Paying too large a spread can make or break a trader. For example if a trader does three 1 lot trades a day in the Euro at FXCM they will pay $90 and only $60 at FXDD. This 1 pip difference in spread amounts to $600 a month difference!