Forex broker shopping is a serious business, and finding the brokerage to best suite your needs depends on a large set of factors. Of course, you can always trust your gut feeling – but if you rely solely on that, you're likely to end up royally screwed.
One of the most important things you should be looking for is spreads. Obviously, the lower the spread, the better but when comparing these, be sure to factor in the rest of the transaction costs – additional commissions that may be charged on top of the spread, slippage and swap rates.
Speaking of slippage and swaps: you should be aware of these as they increase transaction costs and therefore decrease your net profit, so take a couple of minutes and compare the swap and slippage of different brokers before you go ahead and choose a broker.
In the spread comparison table below you will see four columns: real-time spread, average spread, minimum spread, and maximum spread. Out of these, pay close attention to the average spread column as it gives you information of a broker's typical spread (it may happen that you have opened this page at the close of a certain trading session, for example, and the spread of a broker has widened for a brief moment; in such cases, the average spreads are indicative of a broker's general trading conditions).
The other important column is the max spread one: it shows you how a broker's spreads behave during volatile market and what kind of spread widening can you expect during major news releases for example.
Currently we only aggregate spread data from about 30 brokers. To see a complete forex brokers list, click here.