Nearly every country in the world will have a set of rules and regulations in place that govern trading on the financial markets, along with those that provide related services. For investors, this is very important as it provides a level of protection. It also serves to prevent fraudulent activities. All the rules and regulations are easily accessible, and the relevant authorities will also have a website, where investors can check on a broker’s license.
In the US, for example, Forex brokers are registered with the US Commodity Futures Trading Commission and are usually members of the National Futures Association. In Europe, the best Forex brokers will comply with the Markets in Financial Instruments Directive. In Germany the regulatory body is the Federal Financial Supervisory Authority, In Poland, it is the Polish Financial Supervision Authority (KNF).

Customer support is vitalCountryWhen a service is internet-based, problems and issues can occur at any time of the night or day, so it is vital to have a point of contact that can help get things back on track as quickly as possible. No trader will appreciate having to wait for an answer and missing out on a profitable trade. The best broker will have live customer support, available 24/7.