I found this article on how to choose a forex broker. To summarize, when choosing your forex broker, consider these factors: Regulatory compliance Account features Currency pairs offered Trading platform Customer service You can read more here.
Please "enlighten" us what the FCA UK type protection is. I recall a "certain" company called MF Global which did undergo a SHITTY ADMINISTRATIVE PROCESS in the UK until all "protected customer funds" were paid out. Took the admin only 4 or was it 6 years to get their SHIT done. So, please (with some cream on top) - don´t spread the "UK FCA SPECIAL PROTECTION" treatment crap!
SO what other crap would you be happy with? NO PROTECTION AT ALL by the way MFF was a futures FCM not stock broker so even in USA SIPC only protects direct stock holdings not Futures industry Yes such insurance schemes when tested might not be effective but better than nothing FCA is better than ASIC all regulators are not effective but should we not push for better regulations rather than dilution?
A broker’s regulation is high essential be check because an insecure broker will never be a safer option for you even if it offers you wide range of trading facilities.
For intraday trading, the most important things for me are small spreads, instant execution, quality of trading platforms and fast withdrawal of profits.