Here’s a thing you might find interesting. I think it is: FAP Turbo

1. Costs

Costs can be quite different from broker to broker. They may charge a fee per transaction or they may operate only on spread, or a mix of the 2. Spread is the difference between the buy price and the sell cost. Check the expenses for the currency pairs that you are most certain to trade, since this is what will impact you most.

2. Lots

The broker will have a minimum lot size which is related to the minimum investment level. Sometimes, a standard lot is 100,000 currency units, a mini lot is ten thousand and a micro lot 1,000. It can be handy to be ready to trade smaller lots for some systems so that you can take a few lots per trade change the quantity of each trade, close out 1/2 your profits, for example. Or, some brokers permit fractional lots so that you could trade half a lot, etc .

3. Leverage

Leverage means that you don’t need anywhere close to the exact lot size in your account. Most traders doubtless operate with a hundred times leverage, so $10 controls $1,000, $100 controls $10,000 etc . However , some brokers offer two hundred times or maybe 400 times. This gives you the chance to make more money with less, but also carries more risk.

4. Support

There might be times when you need tech support fast. All brokers offer some type of service, but it is worth testing speed and style of response by asking a technical question after you have signed up for a demo account with your shortlisted currency exchange broker.