I. Regulatory environment:
1) National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC)
2) The Financial Conduct Authority (FCA) and Prudential Authority (PRA) in Britain.
3) Australian Securities and Investment Commission (ASIC)
4) Swiss Financial Market Supervision Bureau
5) Hong Kong Securities and Futures Regulatory Number (SFC)
6) European Securities and Markets Authority (ESMA).
Second, the deposit:
Excellent foreign exchange brokers will provide a convenient deposit and withdrawal system. In fact, if it is a compliant brokerage firm, it will generally try to provide a convenient and fast deposit and withdrawal system. After all, they make money through the instructions of traders.
Third, the transaction cost:
In addition to checking the compliance of brokers, it is also necessary to know the spread or commission of brokers. Usually, traders need to pay the difference or commission for each transaction. Some brokers' transaction fees are fixed, while others are charged according to the transaction scale, so traders should choose the most suitable brokers according to their trading styles. Don't choose non-compliant brokers for low spreads or commissions. In any case, the security of brokers is the first condition for traders to choose brokers.