Always choose a regulated broker. Regulatory bodies like the FCA (UK), ASIC (Australia), NFA (USA), and CySEC (Cyprus) enforce standards that protect traders. A regulated broker is more likely to operate transparently and fairly. Avoid offshore brokers that aren't under any major regulatory authority. They may offer high leverage or bonuses, but they come with serious risks.
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With thousands of brokers available and countless trading strategies to learn, it’s easy to feel lost at the beginning. If you are new to the forex market, I highly recommend you to study the broker reviews on fx-list. This will reveal a lot of valuable information to you. FX-List is a platform that offers in-depth reviews and rankings of forex brokers, like Best MetaTrader 5 Forex Brokers https://fx-list.com/forex-brokers-metatrader-5 . Whether you're looking for low spreads, fast execution, solid customer support, or regulatory oversight, the site provides detailed breakdowns of each broker’s features.
As a beginner, you don’t need to start with large amounts. Choose a broker that allows you to open an account with $10–$100 and lets you trade micro-lots (0.01 lots).