A big part in the success of Forex trading for any trader is the Forex brokerage company that gives this trader an access to the market.

For a Forex trader the Forex broker is everything: how fast the trading positions will get executed, what trading platform you can use for the trading, what pips are calculated over by the Forex, how much you will pay for and hundreds of other nuances that are very important for building a successul trading on the Forex market.

No wonder that every trader is paying huge attention to the wise choice of the forex broker.

However many Forex beginners do a typical mistake and start the choice of Forex broker from shopping around and comparing the best offers on the market. This is a mistake, because professional trader starts the choice of the Forex broker from … the Forex trading strategy that this trader is going to use for making money from the currency market.

The point is that Forex trading strategies often require specific things from the Forex broker. For example, let's say you have a strategy that has a lot to do with overnights (staying with your trading lot open overnight). If the money for overnight is taken by the Forex broker, this can seriously damage the profitability of this trading strategy and all other perks and advantages given by this broker will not compensate the problems with overnight. But if you are doing a day trading - which means you always open and close positions within a day - overnights and even huge prices on them are not a problem.

That is why the sphere of forex broker compare starts from realizing what trading strategy you will use and what this strategy needs - and then you come to the point of choosing Forex broker.

Another important thing to take into consideration is whether you are going to trade yourself (using a manual or automatic strategy), or you plan to do what is called auto trade.

This is an issue of big difference. We are not going to cover this topic in details because you can learn more about automated forex trade yourself. However, for auto trade you will need a completely different technological Forex trading platform. And typical Forex trading platforms - that are offered by the majority of Forex trading brokers - will not work for the auto forex trade.

Finally you also need to understand that Forex broker is a company where you are to stay for a long time. That is why you need to take into account such issues as - how to fund and withdraw money in a convenient way. If you plan to make money here, the money transfers are of importance as well. That is why this issue sooner or later becomes evidently important for any Forex trader.