Brokers and starting out
How do I choose a forex broker?
Check who regulates the broker, which company you would actually sign up with, what every trade costs and how withdrawals work, before you send any money.
Regulation: look up the broker's license on the regulator's own website, not just the broker's.
Entity: many brokers have several companies in different countries. The one you join decides which rules protect you.
Costs: add up the spread, any commission and overnight swap fees. Withdrawals: read the rules and test a small withdrawal early.
Candleread earns commission from some broker links. That is why the broker pages explain how to check any broker yourself.
Go deeper, free
This is taught in Grade 9: Broker Smarts.
- Regulators by jurisdictionLesson
- Regulated vs offshore brokersLesson
- Withdrawal verification before fundingLesson
Words to know
More brokers and starting out questions
Reviewed 2026-10-04. Education only, not financial advice. Trading involves risk of loss.