There are two crucial things you need to pay attention to when choosing a forex broker that suits your needs and where you are from:
- View their licenses and regulators. Make sure the forex broker is licensed and regulated by an independent or government agency in your country. If it's not possible, at least check if the broker is not banned in your country and if the broker can accept clients from where you live.
- Trading conditions and features. Find out all about the trading conditions and available features, such as the minimum deposit, lot size, spreads, commissions, leverage, allowed strategies, and trading platforms. For example, If you need a broker for your scalping strategy, choose the one that allows scalping, offers low spreads, and provides minimum lot size. But if you're a Muslim trader, swap-free accounts should be your top priority.