There are so many online brokers now that choosing between them is like selecting an insurance representative: theres a lot to look at, but sometimes it just comes down to who you like.
All online brokers within the United States are regulated by the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA). Other governments, of course, have their own regulating agencies.
If youre contemplating working with a broker from another country, consult their rules and make certain theyre on the up-and-up; there are people within the Forex market right now who are somewhat akin to the snake-oil salesmen traveling the frontier during the previous century, and its very much a case of let the buyer beware.
Computer security has come a long way in recent years, and any reputable broker offers the highest possible, so that shouldnt be a deciding factor.
Most brokers offer both standard and mini Forex trading accounts. Some even offering micro accounts (one-tenth of a mini) to ease the novice trader into the feel of winning and losing real money without blowing their budget while theyre learning. So theres not much to choose from there,...
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