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How to Find a Forex Broker

Finding a Forex Broker


When starting out as a forex trader, or even just someone casually looking at forex trading. It can be a perplexing task to figure out where to find forex trading brokers, or brokers that offer forex trading services.

How does a new forex trader or enthusiast go about finding a forex broker?

1. Use About.com as a reference

I've compiled a list of forex trading brokers here on About forex trading.

2. Demo Accounts

Once you actually find a broker that you are interested, open a demo account to try them out.

3. Forex Broker Reviews

Look around for forex broker reviews, you can find forex broker reviews here on about.com, or on forex forums etc. Make sure to read reviews from multiple sources.

4. Use Google

Google around. Of course you can do google searches to find forex brokers, but this method may not tell you much about the broker themselves. Make sure to read reviews, and try demo accounts to make sure you are comfortable with a forex broker before committing a large sum of money to an account.

5. Forex Forums

Visit some forex forums and get some input from people that are already trading. There is a wealth of experience hiding in forex trading forums. This is one place that you can research both bad and good experiences with different forex brokers.

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