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To be successful, your broker should be:

• Allows a minimum deposit of USD50.
• Provides trading with micro lots (0.01).
• Charges no commission.
• Offers low spreads (less than 2 pips for major pairs).

Continue Reading at A Story of Making Forex Profit with Small Capital

There are only about 2% of the total number of all brokers around the world that are fair. They are Direct Market Access ECN/STP (a-book brokers). These brokers will send all of your trades to the interbank market without any conflict of interest.

Continue Reading at Exposing Forex Broker Secrets

Here are some factors that determine a broker's quality for scalping.

1. Low spread: The spread will bring a very significant impact as scalpers could trade multiple positions during a short period of time.
2. Complete trading tools: Scalpers are always more focused on the action and reaction pattern of the price movement from time to time. Therefore, they need a complete and qualified technical analysis feature. 
3. Allow scalping: Scalping can be restricted or not allowed in some brokers, so it's important to make sure that your broker has no certain conditions on the strategy.

Continue Reading at The Secrets of Successful Scalping Strategy

When anything is described as "subject to change," there is a potential that you may incur more losses in terms of money, time, and effort.

• Your brokerage company may execute trades with a different model than what they are supposed to. 
• The platform changes. You are used to using MT4. All of sudden, you have no choice but to move to MT5. 
• The stop-out level is increased. A higher stop-out level will cause you greater loss as it will let your losing position run its course until you have nothing left in the account.
• Changes in spread and/or commission. Anything related to trading costs should be a sensitive matter as it influences one's profitability in the long run. 
• Leverages are lowered for no reason. This limitation may result in higher margin requirements and thus inflict on any trader who are used to trade with high leverage. 
• Your pair leaves you. 
• Obvious stop hunts. This often happens in market maker brokers who trade against the traders. In this case, you will find your stop losses getting executed just before the price moves in your favor. 

Continue Reading at Broker Red Flags: Signs You Should Leave Your Broker