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The majority of forex brokers are hybrids that provide market maker, STP, and ECN conditions all at once. Even if brokers implement the STP/ECN model, their liquidity providers are still market makers.

Thus, it is not wrong to say that all forex brokers are basically "market makers". Therefore, based on this label, we cannot determine a broker's quality.

Continue Reading at Are Market Maker Brokers Always Bad?

As a general guideline, using a demo account for at least a few weeks can give traders a reasonable idea of a broker's quality. However, it's essential to remember that a demo account may not fully replicate the experience of live trading, as there can be differences in order execution, slippage, and liquidity between the two environments. 

Continue Reading at How Long Should You Trade on Demo Account?

1. Slippage: You should be cautious if the slippage happens very frequently and ends up negative most of (if not all) the time.
2. Spoofing: It consists of developing a fake interest in a currency pair by placing phony orders on them without the actual purpose of trading that currency in the future.  
3. False spikes: Unethical brokers make use of this feature by fabricating price surges in order to trick unsuspecting traders into placing orders.
4. Stop hunting: They bring the prices to a point close to the stop loss order that forces you to exit the trade, after which they push the prices to move in the opposite direction.
5. Front running: When a trader indicates that they intend to make an order, the broker immediately places their own order to profit from any changes in pricing.

Continue Reading at Can Brokers Manipulate Charts?

Opening a brokerage involves various steps, including legal and regulatory requirements, technology setup, and client acquisition. The specifics can vary based on your location and target market.

Continue Reading at What You Need to Know Before Starting Your Own Brokerage