1. Costs
Costs can be quite different from broker to broker. 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. Generally, the standard lot is 100,000 currency units, a mini lot is ten thousand and a micro lot one thousand. It can be useful to be ready to trade smaller lots for some systems so that you can take a few lots per trade alter the amount of each trade, close out half your profits, and so on. Or, some brokers allow fractional lots so that you could trade half a lot, for example. 3. Leverage
Leverage means that you do not need anywhere close to the actual lot size in your account. Most traders likely operate with one hundred times leverage, so $10 controls $1,000, $100 controls $10,000 and so on. However , some brokers offer 2 hundred times or perhaps four hundred times. 4. Support
There might be times when you need tech support fast.