Any market with big potential attracts too many businesses. Same thing happened with Forex market. The growth in retail Forex trading had attracted so many brokerage companies that at times it seems that there are more retail Forex brokers than the retail Forex traders. I have used past tense but that does not mean that the trend does not continue. However, every market gets matured and then a stage of consolidation comes. That has been the recent trend in the industry.

Considering the above, it is, at times, difficult to decide which Forex broker we should use. I would say that keeping it simple is the best strategy. What is best for one may not be the best for other. This is mainly because there are always individual specific factors also e.g. geography and maybe some personal preferences. You may find a detailed guide to the factors, and what those mean, to help you in selection at http://www.forexabode.com/forex-broker/. Do check the guides at the bottom of this page.

However, after considering all possible factors, it is always better to go for established bigger names than to some small outfits. Any broker which has been in business for long years and has an established name globally will always have more reliability factor than some small shop which may prove to be a fly-by-night operator. Couple of the global big brokers are Oanda (http://www.oanda.com) and FXCM (http://www.fxcm.com/). Please do not limit to these names as I am mentioning these just as examples. There are many others who qualify as reputed names just like these. In fact in some of the cases you may not like to go for global names but reputed big names, regulated in your country only. A good example of such case may be non-English speaking country like Japan where the local brokers may have better edge than their global counterparts.

Hope this helps.

Nowadays there are many reliable and unreliable brokers in Forex industry so in order to find the best one, go online and check out the reviews for different brokers. Make a comparison of the Regulations, Foundation Years,Spreads, Platforms, OS Compatibility, The quality and availability of Support and Funding/Withdrawal methods . By doing your research beforehand, you can narrow down your options to two or three brokers before making a final decision. There are many broker finders that help you to find the best one like the following:

http://www.brokerviewer.com

Hope it could help

fxpro claim to be agency model and i've used them for a year now with no problems - fca regulated too

Hi I am currently with iron fx which brokers are the best to use with farily small deposits based in the u.k

I want one that doesnt bid against you one with fairly small spreads and a reliable platform . I want them to based on the mainland and regulated . I also want one that doesn't give you problems with withdrawals .

I have been thinking about oanda alparri and vantage fx does anyone have any experience of these.

I have found with iron fx i dont always even cover the spreads on trades sometimes ;)